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Seneca Reports Big Jump in Natural Gas Production From New Pennsylvania Assets


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.  ....

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National Fuel Announces New President of Seneca Resources


National Fuel Announces New President of Seneca Resources Company, LLC
National Fuel Gas Company
Williamsville, New York, UNITED STATES
WILLIAMSVILLE, N.Y., May 03, 2021 (GLOBE NEWSWIRE) Today, National Fuel Gas Company (National Fuel or the Company) (NYSE: NFG) announced that Justin I. Loweth has taken responsibility as President of Seneca Resources Company, LLC (Seneca Resources), the Exploration and Production segment of the Company.
Loweth began his career with Seneca Resources as the Director of Strategic Planning and Acquisitions in 2011. He was named Vice President of Finance and Acquisitions a year later and held that position for nearly three years. In 2015, Loweth assumed additional responsibilities, including Oil and Gas Marketing, Accounting, Information Technology, Reservoir Engineering, Corporate Reserves, and Business and Corporate Development. In 2017, he was appointed as Senior Vice President. ....

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