Seneca Resources Hits 1/2 Bcf/d Production in Previous Quarter

Last week National Fuel Gas Company, parent of Marcellus Shale driller Seneca Resources, reported its quarterly update for the quarter ending Dec 31, 2014. Everyone else calls it fourth quarter 2014, but for National Fuel Gas, it’s their first quarter 2015. What does the latest report show? During the quarter Seneca produced 48.2 billion cubic feet equivalent (Bcfe), an increase of 11.1 Bcfe or 30% over the prior year’s first quarter. Seneca has hit the half billion cubic foot per day club: average daily production during the quarter was 524 million cubic feet equivalent (MMcfe) per day…

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