CNX Resources to acquire 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, agreed to acquire the natural gas upstream and associated midstream business of Carnelian Energy Capital-backed Apex Energy II for $505m. "This transaction represents a rare opportunity to acquire a highly complementary asset adjacent to our existing operations. It underscores our confidence in the stacked pay development opportunities that have been unlocked from pioneering the deep Utica in this region," Nick Deiuliis, CNX President and CEO.