Exploration & Production | Deals - Acquisition, Mergers, Divestitures
Seneca Resources Establishes Mississippi Lime Position; Update Utica Drilling
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Seneca Resources Corporation (“Seneca”), the wholly owned exploration and production subsidiary of National Fuel Gas Company (NYSE: NFG) (“National Fuel” or the “Company”) today provided an update on recent well results within the Marcellus Shale. Also, Seneca announced a pending farm-in agreement on properties near its existing crude oil assets in California, as well as its initial entry into the Mississippian Lime crude oil play in Kansas.
In the Marcellus Shale, Seneca has brought on three more wells on its DCNR Tract 100 acreage in Lycoming County, Pa., two of which utilized a reduced cluster spacing (RCS) completion design. The two RCS wells had peak 24-hour production rates of 13.4 and 14.9 million cubic feet (“MMcf”) per day of natural gas and the third well had a peak rate of…
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