This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Drill Rig Modifications On CONSOL Energy CBM Gas Site Lead To Safety Improvements

PITTSBURGH, April 10, 2013 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) unveiled modifications to a drill rig that enhance operator and employee safety and align with the company's core values of safety and continuous improvement during set-up of a rig on one of its drill sites in Buchanan County, Va., in late March.


The modifications, which involve the use of hydraulic tongs for pipe handling, are designed to reduce reliance on the use of manual tongs and can be deployed on rigs used to drill for coalbed methane gas, as well as to rigs used across the gas industry in both conventional and unconventional operations.  The modifications allow for hands-off, safe zone operation of hydraulic power tongs to move and place drilling pipe. This technology was deployed through a joint agreement between CONSOL Energy and Noah Horn Well Drilling (NHWD), based in Vansant, Va.

"Safety is our top value at CONSOL Energy and it is a value that is shared by our contractors," said Randy Albert, chief operating officer of CONSOL Energy's gas division. "Continuous improvement drove our decision to look for a better way to handle drilling pipe as there have been a number of fatalities in the industry and accidents industry-wide involving the use of manual tongs. This modification to use power tongs reduces exposure to our employees and our contractors' employees working on the rig and consequently, it creates a safer work environment."

GEFCO, Inc., an Astec Industries Co., based in Enid, Okla., made the modifications to the rig and spent a week in Virginia in late March training CONSOL Energy's Virginia gas operations employees and NHWD employees on the operational provisions of the new rig equipment.

The decision to pursue the modifications came about after a meeting between CONSOL and NHWD to discuss safety issues surrounding the manual use of tongs in the drilling procedure.  The discussion led to a visit to the GEFCO factory to discuss options for modifications. GEFCO engineers got involved making the changes to the rig which ultimately resulted in the system unveiled last month.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,674.16 -101.96 -0.57%
S&P 500 2,056.64 -11.25 -0.54%
NASDAQ 4,860.3230 -40.5620 -0.83%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs