Seneca Resources Co. LLC is increasing drilling and completion activity in anticipation of two Appalachian pipeline expansions that are expected to come online by the end of the year.

“For the remainder of the year, we are on track with our plans to ramp up production to fill Leidy South and capture premium winter pricing,” said Seneca President Justin Loweth during a call on Friday to discuss the company’s fiscal third quarter results. 

Seneca, the upstream subsidiary of National Fuel Gas Co. (NFG), expects production to increase in fiscal 2022 given the ramp. The takeaway capacity and rising U.S. natural gas prices are also expected to benefit the company’s price realizations next year. NFG boosted its financial guidance this year and next on the tailwinds, with...