National Fuel just finished the second quarter of their fiscal year–what we would call the first quarter of the calendar year–which ended March 31. Yesterday, National Fuel (and their Marcellus drilling subsidiary Seneca Resources) filed their FY 2Q13 fiscal and operating update. Earnings for the company were up an impressive 27% year over year. Even [...]
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 [...]
The Pennsylvania Dept. of Environmental Protection and elected officials want Marcellus drillers to help them with a big problem in the state: acid mine drainage. To solve two “problems” at once—lessen the amount of acid mine water that drains into PA waterways and supply water for fracking—PA encourages drillers to use acid mine water with [...]
Marcellus Shale driller Seneca Resources, the exploration and production division of National Fuel Gas Company, is threatening to sue Highland Township (Elk County), PA if they block an injection well Seneca plans to drill on their own property. The details from SNL:
National Fuel Gas Company released their earnings and operations update yesterday for what is their first quarter fiscal year 2013 (but would be fourth quarter 2012 for everyone else)—covering October through December 2012. National Fuel Gas’ exploration and production division is known as Seneca Resources—a major driller in the Marcellus Shale. NFG aka Seneca reports [...]
Seneca Resources, the drilling arm and subsidiary of National Fuel Gas Company, released a brief statement today announcing some very impressive initial flow rates on six recently completed Marcellus Shale wells in Lycoming County, PA—some of the best results in the Marcellus we’ve seen:
MDN recently told you about Seneca Resources, the first Marcellus driller to convert a drilling rig to run on a 100% liquefied natural gas (LNG) engine, a rig they now use for drilling in Lycoming County, PA (see this MDN story). Seneca has just completed the conversion of a second 100% LNG-powered rig and uses [...]
You mostly hear about about drillers targeting the Utica Shale formation in eastern Ohio. But the Utica is much larger than just portions of Ohio—it underlies much of New York and Pennsylvania as well. Yesterday Seneca Resources (the drilling division of National Fuel Gas Company) issued an update that details how they are testing the [...]
Recently Seneca Resources, a company that will turn 100 years old in March, gave Johnstown, PA WJAC-TV News a tour of what happens at a drill site. During the tour, WJAC got the real story of what goes on “behind the scenes” at a drilling company. They also got the real story about fracking. Refreshingly, [...]
EQT was the first driller in the Marcellus Shale to convert a drilling rig to run on electricity produced by LNG, or “liquefied natural gas” (see this MDN story). CONSOL has also been experimenting with converting some of their rigs to use LNG too (see this MDN story). You may now add a third driller [...]
Seneca Resources, the exploration arm of National Fuel Gas Company, issued the following update on the results they’re getting from recent wells drilled in the Marcellus and Utica Shale (all them in Pennsylvania):
Seneca Resources, a subsidiary of National Fuel Gas focused on drilling in the Marcellus Shale, issued an update yesterday on its Marcellus drilling operations. Sometimes these press releases are just fluff without much information. Not so with this one. It contains a lot of very interesting information. First the statement by Seneca/National Fuel Gas, then [...]
National Fuel Gas Midstream’s new Trout Run Gathering System (Lycoming County, PA) came online May 30 and is now delivering natural gas to the Transcontinental Gas Pipe Line (Transco). Because the new pipeline is now operational, Seneca Resources has brought online four new wells. As of a few days ago, the wells were producing a [...]
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.
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