Seneca Energy Production Company
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| 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. | 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. | ||
| - | A February, 2009 report states that the company has 10 vertical wells planned in 6 different counties and will immediately begin drilling in Tioga County. These will be Seneca-only wells and will not involve EOG. These wells are intended to be exploratory and to prepare the way for a drilling program. | + | A February, 2009 report states that the company planned 10 vertical wells in 6 different counties and would immediately begin drilling in Tioga County. These were to be Seneca-only wells, not involving EOG, and were intended primarily to be for exploratory purposes. |
| 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 06:46, 21 February 2009
Here is where some info about Seneca Resources Corp. should go. This article is still a stub and needs your attention. It does not have a template and contains minimal information. Please dive in and help it grow!
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 February, 2009 report states that the company planned 10 vertical wells in 6 different counties and would immediately begin drilling in Tioga County. These were to be Seneca-only wells, not involving EOG, and were intended primarily to be for exploratory purposes.
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.
