CNX Gas Property Rights Upheld By Court in Case Involving GeoMet

PITTSBURGH, May 24 /PRNewswire-FirstCall/ — The Circuit Court for Buchanan County, Virginia yesterday entered its formal order on a summary judgment motion in a case involving CNX Gas Corporation and affiliates of GeoMet, Inc. The Court ordered, among other things, that under the terms of a coalbed methane lease that CNX Gas has in southwest Virginia, CNX Gas has the exclusive right to construct pipelines and transport gas across the leased premises and that GeoMet does not have the right to construct pipelines or transport gas on the property.

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The Circuit Court’s order is consistent with its April 11, 2007 ruling from the bench, when the Circuit Court granted CNX Gas’ motion for summary judgment.

GeoMet was also ordered by the Court to remove the pipeline it built on the property, and to "immediately halt the transportation of coalseam or other gas on, over, under or through the property leased to CNX Gas …" The Court suspended the enforcement of its order pending GeoMet’s appeal of the order to the Virginia Supreme Court. However, pending the outcome of that appeal, GeoMet must deposit into trust all net proceeds from the sale of any gas flowing across the leased property. GeoMet has indicated that it intends to appeal the ruling to the Virginia Supreme Court.

Stephen W. Johnson, senior vice president and general counsel of CNX Gas, commented, "The court simply upheld the property rights that we negotiated and bargained for with the lessor. We obviously think it is the correct ruling."

CNX Gas was represented in this case by Jonathan Blank from McGuireWoods LLP and David Altizer from Altizer, Walk and White PLLC.

Nicholas J. DeIuliis, president and chief executive officer of CNX Gas, said, "Our goal all along in this case was to preserve shareholder value by having the court confirm the exclusive rights we purchased with our lease."

Description

CNX GAS CORPORATION is an independent natural gas exploration, development, production and gathering company operating in the Appalachian Basin of the United States. In May 2006, Business Week cited CNX Gas in its survey of Hot Growth Companies. Effective June 30, 2006, CNX Gas was added to the Russell 3000(R) Index and the Russell Midcap(R) Index. In October 2006, CNX Gas was named as a finalist by Platts for its "Hydrocarbon Producer of the Year" award.

   Contact:   Dan Zajdel   Vice President - Investor and Public Relations   (412) 200-6719   danzajdel@cnxgas.com   http://www.cnxgas.com/    CNX GAS CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS  

Various statements in this release, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934). These statements 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. 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. These risks, contingencies and uncertainties relate to, among other matters, the following: our business strategy; our financial position; our cash flow and liquidity; declines in the prices we receive for our gas affecting our operating results and cash flow; uncertainties in estimating our gas reserves; replacing our gas reserves; uncertainties in exploring for and producing gas; our inability to obtain additional financing necessary in order to fund our operations, capital expenditures and to meet our other obligations; disruptions, capacity constraints in or other limitations on the pipeline systems which deliver our gas; competition in the gas industry; the availability of personnel and equipment; increased costs; the effects of government regulation and permitting and other legal requirements; legal uncertainties regarding the ownership of the coalbed methane estate; costs associated with perfecting title for gas rights in some of our properties; our need to use unproven technologies to extract coalbed methane in some properties; our relationships and arrangements with CONSOL Energy; and other factors discussed under "Risk Factors" in the 2006 Annual Report on Form 10-K for the year ended December 31, 2006. We are including this cautionary statement in this 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.

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CNX Gas Corporation

CONTACT: Dan Zajdel, Vice President – Investor and Public Relations ofCNX Gas Corporation, +1-412-200-6719, danzajdel@cnxgas.com

Web site: http://www.cnxgas.com/