Alpha Natural Resources
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(Coal producer Alpha dips its toe in the Marcellus shale - JV with Rice Energy)
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Revision as of 22:19, 10 February 2010
Abingdon, Virginia-based Alpha Natural Resources, Inc. is one of the largest coal producers in the U.S.
In February, 2010 Alpha announced a joint venture (JV) with Rice Energy to drill up to 100 Marcellus shale wells. The JV's immediate plans were to invest $20 million in drilling four wells on approximately 20,000 acres Alpha had obtained through its buyout of Foundation Coal in July, 2009. The company also planned to double the capacity of a natural gas processing plant that it already owned to 10 Mmcf/d.
- Kevin Crutchfield is Alpha's CEO.
