NFG Qtly Update: Filing Tioga Pathway Pipe with FERC This Month
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update. During the quarter (considered the company’s third quarter), Seneca produced 96.5 Bcf (billion cubic feet) of natural gas, an increase of 2% from the prior year. Due to the sucky prices for natural gas, Seneca curtailed (shut-in) 5.6 Bcf during the quarter. Among the tidbits we picked up on is that NFG is about to officially file an application with the Federal Energy Regulatory Commission (FERC) for a new project.
Read More “NFG Qtly Update: Filing Tioga Pathway Pipe with FERC This Month”
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update. During the quarter (considered the company’s first quarter), Seneca produced 100.8 Bcf (billion cubic feet) of natural gas, an increase of 10.2 Bcf, or 11%, from the prior year, mainly due to production from new Marcellus and Utica wells in Seneca’s Eastern Development Area (EDA).