Seneca Resources: Shale Gas Production Up 54% Thx to Marcellus
National Fuel Gas Company, the parent of Marcellus driller Seneca Resources, released its third quarter (everyone else’s second quarter) financial and operational update yesterday. CEO Ronald Tanski called Seneca’s PA Marcellus production in the previous quarter “robust” and was the biggest reason why they saw a 54% increase in production from the same period last year. He also said Seneca’s early results from four new wells in Elk County, PA are promising.
Select portions of the National Fuel Gas report issued yesterday: