CONSOL Energy Receives Final Approval for Natural Gas Development Project at Pittsburgh International Airport

PITTSBURGH (April 23, 2014) - Today, the Findlay Township Board of Supervisors approved the required conditional use permit necessary for natural gas development to commence on Pittsburgh International Airport (PIT) property. In response to approval of the permit, CONSOL Energy President Nick DeIuliis commented:

"Tonight's vote represents the final step in what was a collaborative and comprehensive process with substantial, open dialogue among all stakeholders. That open dialogue produced many innovative concepts that highlight the value of public-private partnerships, and will make this project a model for the entire nation in safely and responsibly developing our natural gas resources to drive economic growth. This is an exciting moment for CONSOL Energy and for the entire region."

Including up-front bonus payments made to the Allegheny County Airport Authority, anticipated royalties and intended capital spend by CONSOL Energy of approximately $500 million, the plan is expected to provide investment of over $1 billion dollars to the greater Pittsburgh region over the life of the project. The development plan calls for up to 6 pads with up to 45 Marcellus wells to be established on PIT property, with initial pad development on schedule to commence immediately.

CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and coal. The company is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. CONSOL Energy deploys an organic growth strategy focused on rapidly developing its resource base of 5.7 trillion cubic feet of proved natural gas reserves, while the company's premium coal assets are sold to electricity generators and steelmakers both domestically and internationally. CONSOL Energy is a member of the Standard & Poor's 500 Equity Index and the Fortune 500. Additional information may be found at www.consolenergy.com.

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