Seneca Resources Producing More Gas Than Ever from the Marcellus, Investing More in the Region

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 and natural gas producing properties for $70 million.

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