Appalachian natural gas producers Seneca Resources Co. LLC and Northeast Natural Energy (NNE) have agreed to provide access to more than 1 Bcf/d of certified natural gas via commodities trading platform CG Hub, a signal that selling premium supply to overseas markets is advancing. The Chicago-based trading hub, operated through TruMarx Data Partners Inc.’s Comet…
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Seneca Reports Big Jump in Natural Gas Production From New Pennsylvania Assets
Seneca Resources Co. LLC’s acquisition of the Royal Dutch Shell plc Pennsylvania assets last year helped drive a significant gain in fiscal second quarter production volumes. Seneca last July closed on a deal to acquire 450,000 net acres across the state including 350 producing Marcellus and Utica shale wells in Tioga County. Seneca, a subsidiary…
Seneca to Cut Spending, Drop Rig in Appalachia on Low NatGas Prices
National Fuel Gas Co. (NFG) exploration and production subsidiary Seneca Resources Corp. plans to cut spending next year and slow its operations in the Appalachian Basin as the natural gas outlook remains bleak.
Seneca Resources Cuts Production Guidance as Utica Tests Taking Time
National Fuel Gas Co. (NFG) exploration and production subsidiary Seneca Resources Corp. was forced to cut full-year guidance over operational issues in the fiscal second quarter that are likely to persist.
NFG Management Again Takes Aim at New York Energy Policies
National Fuel Gas Co. (NFG) CEO Ronald Tanski on Friday once again took New York’s energy policies to task, scoffing at Democratic Gov. Andrew Cuomo’s plans for a “Green New Deal” and indicating his company would be getting more involved in discussions with the state’s lawmakers going forward.
NFG’s Seneca Resources Ramping Up Activity to Fill New Pipe Capacity
More than half of National Fuel Gas Co.’s (NFG) fiscal year (FY) 2019 capital expenditures are to be spent on its upstream business in Appalachia, as plans call for subsidiary Seneca Resources Corp. to continue running three rigs with year/year production forecast to increase by 24%.
NFG Turns to Transco Option to Move Natural Gas from Pennsylvania
National Fuel Gas Co. (NFG) management believes the company has a viable alternative to help grow natural gas production from the shale fields of western Pennsylvania, even if the Northern Access pipeline is never built, announcing a deal Friday to anchor a Transcontinental Gas Pipe Line Co. LLC expansion project.
NFG Finds Possible Work-Around to Northern Access Woes in Transco Deal
In a move to hedge against the ultimate possibility that its long-delayed Northern Access natural gas expansion project won’t become a reality, National Fuel Gas Co. (NFG) on Friday announced a deal to anchor a Transcontinental Gas Pipe Line Co. LLC (Transco) expansion by committing to 300 MMcf/d of firm transportation.
Seneca Resources Feeling Pinch of Higher OFS Costs, Capacity Constraints
Increased service costs, coupled with ongoing price-related curtailments and pipeline capacity constraints in the Appalachian Basin, have National Fuel Gas Co. (NFG) increasing upstream spending and cutting production guidance in fiscal year (FY) 2018.
Rover Supply Laterals, Compressors Ready For Service, Pipeline Tells FERC
Rover Pipeline LLC is ready to place three eastern Ohio supply laterals and associated compressor stations into service this month, the operator told FERC Friday.