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Related Party

12 Months Ended

Dec. 31, 2011

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 27—RELATED PARTY TRANSACTIONS

CONE Gathering LLC Related Party Transactions

During the year ended December 31, 2011, CONE Gathering LLC (CONE), a 50% owned affiliate, provided CNX Gas Company LLC (CNX Gas Company) gathering services in the ordinary course of business. Gathering services received from CONE were $4,267. In addition, CONSOL Energy and CNX Gas Company provide various administrative support functions to CONE. CONSOL Energy and CNX Gas Company are reimbursed by CONE for these support services. Services provided by CNX Gas Company were $592 for the year ended December 31, 2011. During the start-up phase of this joint-venture, CNX Gas Company also provided treasury support functions including making all required payments to vendors on behalf of CONE. Payments to vendors on behalf of CONE were $12,743 for the year ended December 31, 2011.

As of December 31, 2011, CONSOL Energy and CNX Gas had a net receivable of $8,966 due from CONE which is comprised of the following items:



	December 31,
	2011				Location on Balance Sheet
CONE Gathering Capital Reimbursement	$	8,042			Accounts Receivable–Other
Reimbursement for CONE Expenses	2,009				Accounts Receivable–Other
Reimbursement for Services Provided to CONE	414				Accounts Receivable–Other
CONE Gathering Fee Payable	(1,499		)		Accounts Payable
Net Receivable due from CONE	$	8,966

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details