Seneca

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.

August 5, 2019
Seneca Resources Cuts Production Guidance as Utica Tests Taking Time

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.

May 3, 2019
NFG Management Again Takes Aim at New York Energy Policies

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.

February 1, 2019

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%.

November 5, 2018
NFG Turns to Transco Option to Move Natural Gas from Pennsylvania

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.

May 7, 2018
NFG Finds Possible Work-Around to Northern Access Woes in Transco Deal

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.

May 4, 2018

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.

February 2, 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.

December 4, 2017

NFG Seeking More Takeaway Capacity in Absence of Northern Access

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.

November 6, 2017

Pin Oak Seals Another Small Deal for Seneca NatGas Assets

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.

October 5, 2017
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