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.
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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.
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.
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%.
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.
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.
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 Pipeline LLC is ready to place three eastern Ohio supply laterals and associated compressor stations into service this month, the operator told FERC Friday.
National Fuel Gas Co. (NFG) is forecasting a decrease in earnings for fiscal year (FY) 2018, which began last month, primarily as a result of lower anticipated commodity prices for its upstream business segment.
Akron, OH-based Pin Oak Energy Partners LLC continued a buying spree on Wednesday, announcing that it had completed a transaction to acquire 4,300 gross acres in northwest Pennsylvania from Seneca Resources Corp.