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National Fuel Gas Company Message Board

  • rgchjr1945 rgchjr1945 Jun 18, 2012 11:45 AM Flag

    National Fuel steps up natural gas production

    Business First by David Bertola, Buffalo Business First Reporter
    Date: Monday, June 18, 2012, 10:42am EDT

    National Fuel Gas unit Midstream Corp. is delivering natural gas through its new Trout Run Gathering System through a connection with Transcontinental Gas Pipe Line Co. LLC.

    Initial production is from four recently-completed wells operated by Seneca Resources Corp. Seneca Resources Corp. Latest from The Business Journals Nominate Houston's best in-house counselNational Fuel lowers production outlook for '12Real deals, momentum reinforce Pittsburgh region’s recovery Follow this company , National Fuel’s wholly-owned exploration and production subsidiary.

    Trout Run serves Marcellus Shale producers with natural gas transportation capacity in excess of 450 million cubic feet per day. Additional facilities and gathering lines will be constructed as throughput increases. As part of Trout Run’s completion, Seneca initiated production on a four-well pad in Lycoming County, Pa.

    As of June 11, the four wells are producing at a combined rate of approximately 45 million cubic feet of natural gas per day.

    “The initial results from these wells confirm our belief that this acreage holds significant potential and will help drive production growth throughout the next several years,” said David Smith, chairman and CEO of Willaimsville-based National Fuel. “Additionally, with our two major gathering systems completed in Pennsylvania, we have built a foundation from which National Fuel Gas Midstream can continue to expand its operations for not only Seneca, but other Appalachian producers as well.”

    National Fuel Gas Midstream Corp., a wholly-owned subsidiary of National Fuel Gas Co.(NYSE: NFG), launched the Trout Run Gathering System on May 30. It consists of approximately 25 miles of mostly 20-inch high-pressure pipeline, associated facilities and an interconnection with the pipeline system from Transcontinental.

    David Bertola covers small business, energy and marketing

    http://www.bizjournals.com/buffalo/news/2012/06/18/national-fuel-steps-up-natural-gas.html?ana=yfcpc

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