Seneca Resources Production Up 67%, Now 1/3 Bcf/d in Marcellus
Seneca Resources, the Marcellus Shale drilling subsidiary of National Fuel Gas Company, released their fiscal third quarter (everyone else’s second quarter) operating results today. And boy of boy, were they good results! Seneca reports their Marcellus Shale production was up 67% from the same quarter last year, due to newly drilled wells in Lycoming County, PA going online. Seneca’s total Marcellus production was 374 million cubic feet per day average–or one-third of a billion cubic feet per day. Cabot Oil & Gas and now EQT have both hit 1 Bcfe/d of production in the Marcellus (see EQT 2Q13: Welcome to the Marcellus “1 Bcf/d Club”). Seems like Seneca is well on its way to the 1 Bcfe/d milestone too.
Here’s the full report, including details for some of the newest wells they’ve drilled in Elk, Cameron and Forest counties, and details about their use of a drilling technique called reduced cluster spacing (“RCS”) design: