National Fuel/Seneca Update: Spend & Drill in the Marcellus

Yesterday, National Fuel Gas (and its drilling subsidiary Seneca Resources) issued its best estimate for fiscal years 2013 and 2014 with respect to how much natural gas they expect to produce, and how much money they’re going to spend drilling for it. The brief version: They’ll spend the vast majority of their money on drilling in the Marcellus/Utica, and the vast majority of the gas they produce will come from the Marcellus/Utica.

The estimates (“guidance”) provided yesterday by National Fuel:

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