CNX Gas Corporation (CNX Gas) is engaged in the exploration, development, production and gathering of natural gas primarily in the Appalachian and Illinois Basins. The Company is a developer of coalbed methane (CBM). CONSOL Energy Inc. (CONSOL Energy) owns 83.3% of its outstanding common stock. In August 2005, the Company acquired all of CONSOL Energy’s rights associated with CBM from 4.5 billion tons of proved coal reserves owned or controlled by CONSOL Energy in Northern Appalachia, Central Appalachia, the Illinois Basin and other western basins. As of December 31, 2008, the Company had 1.422 trillion cubic feet equivalent of net proved reserves. The Company’s proved reserves are approximately 97% CBM and 55% proved developed. It is a gas producer in the Appalachian Basin with net sales of 76.6 billion cubic feet, during the year ended December 31, 2008.