NFG/Seneca Resources Expanding Utica Drilling Program

Seneca ResourcesLast week MDN reported on National Fuel Gas Company’s quarterly recently-filed quarterly report (see NFG Update: Seneca Gas Production Up 25%, Pipeline Profits Up Too). What we didn’t have at the time we wrote that story was comments from NFG’s drilling subsidiary, Seneca Resources. During the quarterly earnings phone call with analysts, Seneca head and COO, John McGinnis, said that Seneca is “quite pleased” with their very first Utica well which has been online for the past 45 days (drilled in northern PA). In fact, Seneca now plans to drill six more Utica wells over the next year, based on initial results. Here is what McGinnis had to say about the Utica, and the Marcellus–and what to expect…

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