CNX Resources buys Apex Energy's natural gas assets for $505M, expanding in Pennsylvania.

CNX Resources Corporation is set to acquire Apex Energy II, LLC's natural gas and midstream businesses for about $505 million in cash, expanding its leasehold in Pennsylvania's Marcellus and Utica regions. The deal, expected to close in early 2025, will add about 36,000 net acres and is anticipated to boost CNX's free cash flow per share. The transaction will be funded through CNX's secured credit facility.

4 months ago
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