CNX Resources completed the acquisition of the remaining stake in CNX Midstream Partners for $357m.

CNX Resources, one of the largest independent natural gas exploration, development and production companies, completed the acquisition of the remaining stake in CNX Midstream Partners, a company that owns, operates, develops and acquires gathering and other midstream energy assets, for $357m. "We believe that this take-in transaction of CNX Midstream Partners is the optimal solution for all relevant stakeholders given the near- and long-term view of the MLP market. We expect the combined entity to be an even stronger company with a lower cost of capital and increased investable free cash flow," Nicholas J. DeIuliis, CNX Resources President and CEO.