Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports
Seneca Increases Marcellus Production in Second Quarter 2013
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Seneca Resources Corporation, the wholly owned exploration and production subsidiary of National Fuel Gas Company reports that its production volumes for its fiscal third quarter ended June 30, 2013 totaled 34.1 billion cubic feet equivalent (“Bcfe”), a 54% increase over the prior year’s third quarter. This was also an 18% increase over the quarter ended March 31, 2013.
Seneca’s total production of 34.1 Bcfe, or 374 million cubic feet equivalent (“MMcfe”) per day, was driven by significant natural gas production growth from its new Marcellus Shale wells in Lycoming County, Pa.
As a result of better than projected performance of its Marcellus Shale assets, the Company is increasing its fiscal 2013 production guidance to a range of 118 to 124 Bcfe. The previous guidance range was 110 to 118…
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