PITTSBURGH, Aug. 5, 2020 /PRNewswire/ -- CNX Resources
Corporation (NYSE: CNX) today announced the release of its annual
Corporate Responsibility Report. The report details Company
execution against the Global Reporting Initiative (GRI) Core Option
and outlines activities and initiatives undertaken during the past
year toward the Company's comprehensive corporate responsibility
goals.
CNX President and Chief Executive Officer Nick DeIuliis commented, "With a deepening focus
on environmental, social, and governance (ESG) issues by external
stakeholders, we continue to highlight the internal, proactive
measures we have and continue to adopt that have propelled our
status as one of the most innovative and responsible companies in
the E&P space. The 2019 CRR builds on our belief that a
steadfast, relentless commitment to best-in-class safety and
environmental compliance increases efficiencies, reduces costs,
improves margins, and, ultimately, drives long-term intrinsic value
per share. We heavily favor measurable, tangible performance
metrics over abstract, aspirational goals."
Following are key highlights included in the 2019
report:
- Culture: Our safety culture is ingrained in every
CNX employee and contractor. No job or activity is considered a
success if we compromise the safety of our employees, service
providers, neighbors, or environment. We are proud of achieving an
Employee Total Recordable Incident Rate of zero in 2019 compared to
the recently published OSHA industry average for oil and gas
extraction of 0.8 in 2018.
- Stewardship: Continuously improving the efficiency
of our business aligns with our vision to be a leader in
environmental stewardship. A prime example is our results from the
partnership with the Evolution Well Services frac fleet. Because of
our exclusive focus on advanced electric frac technologies, we have
driven efficiencies to new levels in terms of the length of time
needed to complete a well which, in turn, has significantly reduced
our measurable emissions, employee exposure hours, and noise
pollution by utilizing the companies' innovative technologies,
powered directly from on-site natural gas.
- Performance: This report highlights how new
technologies; innovative practices and a collaborative team drives
the success of CNX. The team's vision for excellence increases our
ability to reach new heights both in the office and in the field.
In 2019, CNX drilled the longest lateral in our history and
implemented processes that allow for the team to increase
efficiency.
- Community: As one of America's oldest and most
storied energy companies, we greatly value the communities in which
we have lived and operated for generations. The concentrated
Appalachian footprint that we call home, and those communities
within, have given us, in some cases, three and four generations of
families who have been part of our team. In 2019, CNX was honored
to receive the Corporate Citizen Award from the Pittsburgh Business
Times in recognition of our numerous community contributions, many
of which are highlighted in this report.
To learn more, please visit:
https://www.cnx.com/responsibility
About CNX Resources Corporation
CNX Resources
Corporation (NYSE: CNX) 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. With the benefit of a more than 150-year legacy
and a substantial asset base amassed over many generations, the
company deploys an organic growth strategy focused on responsibly
developing its resources in order to create long term value for its
shareholders, employees and the communities where it operates. As
of December 31, 2019, CNX had 8.43
trillion cubic feet equivalent of proved natural gas reserves. The
company is a member of the Standard & Poor's Midcap 400 Index.
Additional information may be found at www.cnx.com.
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SOURCE CNX Resources Corporation