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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT:
 
December 31,
 
2014
 
2013
Coal & other plant and equipment
3,726,514

 
3,681,051

Intangible drilling cost
2,798,394

 
1,937,336

Proven properties
1,768,007

 
1,670,404

Unproven properties
1,540,835

 
1,463,406

Coal properties and surface lands
1,358,306

 
1,404,056

Gathering equipment
1,088,238

 
1,058,008

Wells and related equipment
716,748

 
688,548

Airshafts
468,924

 
397,466

Leased coal lands
263,946

 
393,372

Coal advance mining royalties
386,245

 
381,348

Mine development
414,501

 
354,607

Other gas assets
123,539

 
126,239

Gas advance royalties
20,580

 
22,668

Total Property, Plant and Equipment
14,674,777

 
13,578,509

Less Accumulated Depreciation, Depletion and Amortization
4,512,305

 
4,136,247

Total Net Property, Plant and Equipment
$
10,162,472

 
$
9,442,262


The following assets are amortized using the units-of-production method. Amounts reflect properties where mining or drilling operations have not yet commenced and therefore, are not being amortized for the years ended December 31, 2014 and 2013, respectively.
 
 
December 31,
 
 
2014
 
2013
Unproven gas properties
 
$
1,540,835

 
$
1,463,406

Coal properties
 
477,444

 
273,242

Mine development
 
11,984

 
238,356

Leased coal lands
 
50,044

 
99,506

Coal advance mining royalties
 
52,009

 
48,043

Airshafts
 
52,194

 
38,794

Gas advance royalties
 
20,580

 
22,668

     Total
 
$
2,205,090

 
$
2,184,015



As of December 31, 2014 and 2013, plant and equipment includes gross assets under capital lease of $87,055 and $96,015, respectively. For the years ended December 31, 2014 and 2013, the E&P division maintains a capital lease for the Jewell Ridge Pipeline of $66,919, which is included in Gas gathering equipment. For the years ended December 31, 2014 and 2013, the E&P division also maintains a capital lease for vehicles of $10,207 and $10,652, respectively, which are included in Other gas assets. For the years ended December 31, 2014 and 2013, the All Other segment maintains capital leases for vehicles and computer equipment of $9,929 and $18,444, respectively, which are included in Coal and other plant and equipment. Accumulated amortization for capital leases was $49,735 and $50,371 at December 31, 2014 and 2013, respectively. Amortization expense for capital leases is included in Depreciation, Depletion and Amortization in the Consolidated Statements of Income. See Note 15–Leases for further discussion of capital leases.

Industry Participation Agreements

CONSOL Energy has two significant industry participation agreements (referred to as "joint ventures" or "JVs") that provided drilling and completion carries for our retained interests.

CNX Gas Company is party to a joint development agreement with Hess Ohio Developments, LLC (Hess) with respect to approximately 153 thousand net Utica Shale acres in Ohio in which each party has a 50% undivided interest. Under the agreement, as amended, Hess is obligated to pay a total of approximately $335,000 in the form of a 50% drilling carry of certain CONSOL Energy working interest obligations as the acreage is developed. As of December 31, 2014, Hess’ remaining carry obligation is $99,474.  

CNX Gas Company is party to a joint development agreement with Noble Energy, Inc. (Noble) with respect to approximately 702 thousand net Marcellus Shale oil and gas acres in West Virginia and Pennsylvania, in which each party owns a 50% undivided interest. Under the agreement, as amended, Noble Energy is obligated to pay a total of approximately $1,846,000 in the form of a one-third drilling carry of certain of CONSOL Energy’s working interest obligations as the property is developed, subject to certain limitations. These limitations include the suspension of the carry if average Henry Hub natural gas prices are below $4.00 per million British thermal units (MMbtu) for three consecutive months. The carry was in effect from March 1, 2014, and remained effective until November 1, 2014 when average natural gas prices had been below $4.00/MMbtu for the three prior months and continues to be suspended. Restrictions also include a $400,000 annual maximum on Noble Energy's carried cost obligation. As of December 31, 2014, Noble Energy’s remaining carry obligation is approximately$1,627,065.