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November 27, 2012
17:07 EDTNFGNational Fuel provides update on program to asses Utica Shale formation
Seneca Resources provided an update on its program to assess the Utica Shale formation, as a second producing horizon underlying much of its Marcellus Shale acreage in western Pennsylvania. In Forest County, Pa., Seneca has flow tested its first horizontal Utica Shale well at a peak 24-hour rate of 3.9 million cubic feet per day. Initial testing on this well began on Nov. 11, and lasted for six days. Currently, this well is shut-in while awaiting pipeline infrastructure and is expected to begin production in the second quarter of fiscal 2013. Thus far, Seneca has drilled two horizontal and three vertical exploration wells into the Utica Shale formation. The second horizontal well, located in the Mt. Jewett prospect area in McKean County, Pa., currently has three frac stages complete and the ability to complete additional stages is under evaluation.
News For NFG From The Last 14 Days
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February 4, 2016
17:16 EDTNFGNational Fuel narrows FY16 production view to 150-180 Bcfe from 139-202 Bcfe
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17:14 EDTNFGNational Fuel sees FY16 EPS $2.75-$3.00, consensus $2.79
Prior view was $2.70-$3.00.
17:13 EDTNFGNational Fuel cuts FY16 CapEx view to $455M-$575M from $915M-$1.06B
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17:12 EDTNFGNational Fuel reports Q1 adjusted operating EPS 78c, consensus 79c
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