NFG 1Q26: Seneca Production Up 12%, Pipe Expansions Coming This Yr
National Fuel Gas Company (NFG) is an integrated natural gas company with a regulated utility business, a shale drilling business (Seneca Resources), and a pipeline business (NFG Midstream, Empire Pipeline). The company issued its fiscal first quarter update yesterday, which is everyone else’s calendar fourth quarter update. The company reported that Seneca produced 109 Bcf of natural gas, an increase of 11 Bcf, or 12%, from the prior year, due to new Utica pads that came online in Tioga County. Read More “NFG 1Q26: Seneca Production Up 12%, Pipe Expansions Coming This Yr”

A nice bump up in permit numbers last week, mainly due to Pennsylvania. The Marcellus/Utica region received a combined 27 permits last week, Jan. 12 – 18. Pennsylvania issued 21 new permits, Ohio issued 5, and West Virginia issued just 1. Among the drillers receiving new permits last week: Antero Resources, Coterra Energy, EQT, Expand Energy, Gulfport Energy, and Seneca Resources.
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its highly dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible and safe shale drilling. The SRBC published a notice in the December 6 Pennsylvania Bulletin that the Executive Director of the SRBC approved and/or renewed 76 general water use permits from September 1 through October 31 for individual shale gas well drilling pads in Blair, Bradford, Cameron, Centre, Clearfield, Clinton, Elk, Huntingdon, Lycoming, McKean, Sullivan, Susquehanna and Tioga counties in Pennsylvania and one permit to withdraw water in Steuben County, New York.
Pennsylvania’s Attorney General, Dave Sunday, pretends to be a Republican, but he’s really a Democrat. He’s also anti-shale, as evidenced by a wild attack against Seneca Resources launched on Friday. Sunday’s office filed three separate criminal complaints against Seneca, charging the company with 64 counts of criminal violations of the Solid Waste Management Act and 36 counts of criminal violations of the Clean Streams Law. Sunday, like his left-wing predecessors, is turning what should be regulatory enforcement actions into crimes. No wonder some drillers are saying “screw you” to Pennsylvania and moving their drilling operations to West Virginia and Ohio.
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its highly dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible and safe shale drilling. The SRBC published a notice in the October 11 Pennsylvania Bulletin that the commission voted to approve 11 water withdrawal requests related to shale gas development and two for gas-fired power plants.