Seneca Resources Sells 92K Acres of Timberland in PA/NY

Some of the acreage purchased from Seneca (Photo: Courtesy of LandVest)

The Lyme Timber Company has closed on a deal to buy approximately 92,000 acres of forestland in North Central Pennsylvania and Southwest New York from Marcellus/Utica driller Seneca Resources for $116 million. Wait, why did Seneca own all of that acreage to begin with?

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