CNX Resources Corp. has reached a settlement with the Pennsylvania Department of Environmental Protection on plugging 141 abandoned conventional and unconventional wells in four counties in southwestern Pennsylvania.
Under the consent order released Friday, CNX (NYSE: CNX) will post a $1.48 million performance bond and submit a schedule on its plans to plug the wells that are in Washington, Westmoreland, Greene and Allegheny counties. DEP said that the wells are conventional coal-bed methane and…