National Fuel Gas and its wholly-owned drilling subsidiary, Seneca Resources, filed their fiscal year fourth quarter (everyone else’s third quarter) update late last week. National Fuel Gas is not only a Marcellus/Utica E&P but also a midstream company (pipelines) and a utility in western NY and northwestern PA. Among the pickings from this latest update: Seneca’s drilling program continues to generate success–natural gas volumes were up 43.8% in the northeast compared to a year ago. Seneca is operating two rigs in the Marcellus and a third rig is currently drilling a Utica Shale well in Tioga County, PA…
