CNX Resources completed the acquisition of the natural gas upstream and associated midstream business of Carnelian Energy Capital-backed Apex Energy II for $505m.

CNX Resources, a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, ompleted the acquisition of the natural gas upstream and associated midstream business of Carnelian Energy Capital-backed Apex Energy II for $505m. "We look forward to demonstrating the unique CNX approach to operations and community relations to these new communities within the Apex footprint. We place a high priority on closely collaborating with our operating communities, local officials, and directly with residents to understand their needs and concerns. CNX's Radical Transparency environmental monitoring and real-time disclosure initiative, in collaboration with Pennsylvania Governor Shapiro and the state Department of Environmental Protection, provides local communities and residents with an even greater level of transparency into our operations, which we believe is second to none in our industry. We look forward to bringing the Apex assets into the CNX family," Nick Deiuliis, CNX President and CEO.