Seneca Energy Production Company
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| In September, 2008 New York-based '''Seneca Resources Corp.''' aka ''Seneca Energy Production Company'' was reported having won four leases in competitive bidding for tracts in the State of [[Pennsylvania]]'s forest lands in Tioga and Lycoming Counties. Eighteen tracts were offered for bid. | In September, 2008 New York-based '''Seneca Resources Corp.''' aka ''Seneca Energy Production Company'' was reported having won four leases in competitive bidding for tracts in the State of [[Pennsylvania]]'s forest lands in Tioga and Lycoming Counties. Eighteen tracts were offered for bid. | ||
| - | A January, 2009 report indicated that Seneca is the third largest holder of [[Marcellus shale]]. So far it has not been drilling itself, preferring to drill through a joint venture with [[EOG Resources Inc.]] However, the company does plan to become a driller of record in 2009. | + | A January, 2009 report indicated that Seneca is the third largest holder of [[Marcellus shale]]. So far it has not been drilling itself, preferring to drill through a joint venture with [[EOG Resources|EOG Resources Inc.]] However, the company does plan to become a driller of record in 2009. |
| Its leasehold of 725,000 acres is primarily located in northwestern Pennsylvania. | Its leasehold of 725,000 acres is primarily located in northwestern Pennsylvania. | ||
Revision as of 01:25, 26 January 2009
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In September, 2008 New York-based Seneca Resources Corp. aka Seneca Energy Production Company was reported having won four leases in competitive bidding for tracts in the State of Pennsylvania's forest lands in Tioga and Lycoming Counties. Eighteen tracts were offered for bid.
A January, 2009 report indicated that Seneca is the third largest holder of Marcellus shale. So far it has not been drilling itself, preferring to drill through a joint venture with EOG Resources Inc. However, the company does plan to become a driller of record in 2009.
Its leasehold of 725,000 acres is primarily located in northwestern Pennsylvania.
Seneca's 2006 joint venture with EOG gives it the opportunity to earn a 50% share of EOG's 120,000 acre leasehold, and the latter can earn a 50% share in Seneca's acreage.
Seneca is a subsidiary of National Fuel Gas Co., Williamsville, NY
