Seneca Resources Corporation Announces 2012 Operational Guidance

Seneca Resources Corporation, a wholly owned subsidiary of National Fuel Gas Company NFG, today announced its preliminary production and capital expenditure guidance for fiscal year 2012. The Company is providing a preliminary production forecast range for the entire 2012 fiscal year of 83 to 100 billion cubic feet equivalent, which includes 58 to 71 Bcfe from the Marcellus Shale. In addition, the Company's capital expenditures in the Exploration and Production segment for fiscal 2012 will be in the range of $685 to $800 million, including the planned drilling of 115 to 140 gross horizontal wells in the Marcellus, of which 80 to 95 wells will be operated by Seneca. The remainder will be operated by EOG Resources, Inc. under the existing Seneca-EOG joint venture.