National Fuel Gas Company and its subsidiary Seneca Resources announced yesterday that for the second time in two months they are further scaling back Marcellus Shale drilling in light of low natural gas prices. According to CEO David Smith they will curtail production by “a modest amount” and delay some completions in the Marcellus. From [...]
NOTE: The facts and figures below were cited from a Pittsburgh Tribune-Review article. MDN has been contacted by several of the drilling companies in the list to let us know the numbers in some cases are not at all accurate. MDN is attempting to verify now (Feb 28) and will correct these numbers as soon [...]
Seneca Resources, the exploration and production division of National Fuel Gas Company, just reported their first quarter earnings for 2012. As part of the report, we get the following operational update which shows a 91.5 percent increase in production in Seneca’s Marcellus Shale wells.
Seneca Resources has sold off its Gulf of Mexico oil and gas properties in order to concentrate more on the Marcellus Shale. From a press announcement yesterday: Seneca Resources Corporation, a wholly owned subsidiary of National Fuel Gas Company, announced that it has entered into an agreement to sell its offshore Gulf of Mexico oil [...]
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