Seneca Resources Corporation (“Seneca”), the wholly owned exploration
and production subsidiary of National Fuel Gas Company NFG
(“National Fuel” or the “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. Natural gas production increased 67%, to a total of 29.8 Bcf, while
crude oil production totaled
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