Oil, Gas, And Fracking News Read 16May 2021 econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
Seneca Reports Big Jump in Natural Gas Production From New Pennsylvania Assets
Seneca Resources Co. LLC’s acquisition of the Royal Dutch Shell plc Pennsylvania assets last year helped drive a significant gain in fiscal second quarter production volumes.
Seneca last July closed on a deal to acquire 450,000 net acres across the state including 350 producing Marcellus and Utica shale wells in Tioga County. Seneca, a subsidiary of National Fuel Gas Co. (NFG), said fiscal 2Q2021 production increased 43% year/year to 85.2 Bcfe.
The bulk of the production gain came from the Eastern Development Area (EDA), which includes Tioga County. Net production increased by 21.2 Bcf year/year to 50.2 Bcf in the EDA, while volumes from Seneca’s Western Development Area in northwest Pennsylvania increased 4.6 Bcf to 31.3 Bcf over the same time. The company was most active on the western side of the state, however, bringing online 13 wells in the WDA during its second quarter.
A two-year resource measurement campaign for the site of the Moray West offshore wind project, off Scotland, has been completed.
The project, originally known as the Western Development Area of the Moray Firth part of the Round 3 Crown Estate concessions, contracted Spain-based Eolos as turn-key provider of wind and ocean measurements in summer 2018 to provide “highly accurate and bankable” wind data to supplement existing data.
Eolos supplied its floating Lidar systems for the campaign.
Back in 2018 the contract was the first project for Eolos in UK waters, which is now undertaking similar campaigns in both the Celtic Sea and the Irish Sea.