Consol Energy said its board has approved its plan to spin off its coal business, Consol Energy . Consol Energy said in December it planned to separate itself from the coal business, but the makeover for the Pennsylvania company began earlier this decade amid a boom in domestic natural-gas exploration. The energy company will instead focus on natural-gas exploration and production, which have made up a higher proportion of its profits since a boom in Consol natural-gas exploration in earlier this decade . Consol Mining shares will be distributed to Consol Mining shareholders on a pro rata basis once the company has listed on Consol Mining .
Consol Energy said its board has approved its plan to spin off its coal business, Consol Energy . The energy company will instead focus on natural-gas exploration and production, which have made up a higher proportion of its profits since a boom in Consol natural-gas exploration in earlier this decade . Consol Mining shares will be distributed to Consol Mining shareholders on a pro rata basis once the company has listed on Consol Mining .