Quarterly / Earnings Reports | Second Quarter (2Q) Update | Financial Results | Capital Markets
National Fuel Ups Production 13.4% in 1H15; 83.9 Bcfe
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National Fuel Gas Company announced consolidated earnings for the second quarter of its 2015 fiscal year and for the six months ended March 31, 2015, of $16.7 million, or $0.20 per share, and $101.4 million, or $1.19 per share, respectively.
Highlights: Seneca’s second quarter production of natural gas and crude oil was 35.7 billion cubic feet equivalent (“Bcfe”), compared to 36.9 Bcfe for the prior year’s second quarter. Absent an estimated 13.5 Bcf of pricing related curtailments for the quarter, Seneca’s net production would have increased 34%. Production during the quarter averaged 397 million cubic feet equivalent (“MMcfe”) per day. Overall production of natural gas and crude oil for the current six-month period of 83.9 Bcfe increased approximately 10.0 Bcfe, or 13.4 percent Earnings…- ✓ Full news archive — U.S., Canada & international coverage
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