National Fuel

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	Amherst, New York-based '''National Fuel''' owns [[Marcellus shale]] drilling rights in [[Pennsylvania]]. It plans to drill there itself in 2009, but is also engaged in a joint venture with [[EOG Resources]] to develop the property. In the forth quarter of 2008 it added 24,000 acres in Lycoming and Tioga Counties, Pennsylvania to its leasehold.		Amherst, New York-based '''National Fuel''' owns [[Marcellus shale]] drilling rights in [[Pennsylvania]]. It plans to drill there itself in 2009, but is also engaged in a joint venture with [[EOG Resources]] to develop the property. In the forth quarter of 2008 it added 24,000 acres in Lycoming and Tioga Counties, Pennsylvania to its leasehold.
-	The joint venture's first Marcellus well produced one million cubic feet of gas per day at first, but then its output slowed down to around 400,000 cubic feet per day.	+	The joint venture's first Marcellus well produced one million cubic feet of gas per day at first, but then the output slowed down to around 400,000 cubic feet per day.
	David Smith is President and CEO of National Fuel.		David Smith is President and CEO of National Fuel.

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Revision as of 04:47, 10 November 2008

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Amherst, New York-based National Fuel owns Marcellus shale drilling rights in Pennsylvania. It plans to drill there itself in 2009, but is also engaged in a joint venture with EOG Resources to develop the property. In the forth quarter of 2008 it added 24,000 acres in Lycoming and Tioga Counties, Pennsylvania to its leasehold.

The joint venture's first Marcellus well produced one million cubic feet of gas per day at first, but then the output slowed down to around 400,000 cubic feet per day.

David Smith is President and CEO of National Fuel.

Matthew D. Cabell is Chief of Oil And Gas Drilling.

Ronald Tanski is Treasurer and CFO.