Initial Results From First-of-its-Kind Public-Private Data Monitoring and Disclosure Collaboration Demonstrating that CNX Natural Gas Development is Safe and Poses No Public Health Risks
Company urges industry peers to adopt Radical Transparency ™ across all
Radical Transparency ™ objective, measured data contradicts loose statistical associations contained in University of Pittsburgh Health Study
Through the Radical Transparency ™ program – a first-of-its-kind public-private collaboration announced with
Importantly, the air quality data is collected by an independent third party and fed simultaneously to the
"The initial results and ongoing monitoring from our Radical Transparency program indicate that natural gas development done the CNX way is safe and inherently good for the communities where we operate. We call on our industry peers to join us in these important efforts to ensure that public policy in
Air quality measurements during pad construction, drilling, completions, flowback, and production phases of natural gas development have been captured by the effort to date. In addition, CNX also reports the chemicals used in the natural gas production process. The results through the initial months of the program show that emissions from responsible CNX natural gas development measured to date fall well below science-based air quality standards that are designed to protect the public from negative health effects resulting from emission of PM2.5 and BTEX. There have been no sustained high levels of any significance of PM2.5 or BTEX at these sites during any phase of development measured to date.
Key findings:
- Particulate Matter (PM2.5) concentrations were below NAAQS standards at all sites and were well below levels observed within regional urban environments.
- Measured concentrations of BTEX are well below minimum risk levels at all sites.
- While other studies, including the Pitt Health Study, have used loose and highly dubious statistical associations collected miles from gas operating sites, CNX's Radical Transparency program collects on-site data (500' perimeter to the wellbore), which would be the most concentrated reading of any air emissions from the site, as emissions decrease with distance due to dispersion.
CNX has also agreed to supplement the scope of data collected via its continuous monitoring program by providing PADEP with unprecedented access to air and water quality monitoring from construction through the production phase of two future, to-be-constructed CNX development sites. This expanded data set, in collaboration with PADEP, will allow for in-depth independent verification of air emissions monitoring across the sites' entire development lifecycle.
Cautionary Statements
We are including the following cautionary statement in this press release to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf of us. With the exception of historical matters, the matters discussed in this press release are forward-looking statements (as defined in 21E of the Securities Exchange Act of 1934 (the "Exchange Act")) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income, and capital spending. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe a strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond our control. Specific factors that could cause future actual results to differ materially from the forward-looking statements are described in detail under the captions "Forward-Looking Statements" and "Risk Factors" in our Annual Report on Form 10-K for the year ended
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