NFG 4Q – Low Gas Price Good for Customers, Not for Company

National Fuel Gas Company (NFG), headquartered in Western New York (near Buffalo), is the only remaining fully integrated energy company left in the Marcellus/Utica region–maybe in the country. Meaning they are the only company that drills for the energy (oil and gas), pipelines the energy they discover to market (midstream), and is also the utility company that delivers the energy to end users. Big company. Important company. NFG’s drilling arm is called Seneca Resources, and their pipeline/midstream arm is Empire Pipeline. Last Friday NFG issued its quarterly (and full year) update. Both Seneca and Empire got talked about.

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