Seneca Energy Production Company
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| information. Please dive in and help it grow! | 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. | + | In September, 2008 Williamsville, 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|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 stated 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, not involving EOG, and intended primarily for assessment and evaluation purposes. | + | A February, 2009 report stated 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, not involving EOG, and intended primarily for assessment and evaluation purposes. The company announced in April, 2009 that the preliminary drilling results from the first three of these wells was positive and that the company planned to drill additional wells on the same tracts. Horizontal drilling is expected to begin during the summer months of 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. | ||
| - | In April, 2009 Seneca was reported having walked away from signing a lease for two of the Pennsylvania state forest land tracks totaling 4,400 acres won in competitive bidding. The reason a company official cited for declining this acreage was the higher than expected pipeline construction costs. | + | In April, 2009 Seneca was reported having walked away from signing a lease for two of the Pennsylvania state forest land tracks totaling 4,400 acres won in competitive bidding. The reason a company official cited for declining this acreage was the higher than expected pipeline construction costs. Later that month, Seneca announced that it had completed a vertical well on a forest tract in Tioga County, Pennsylvania. It is known as [[Pennsylvania Department of Conservation and Natural Resources]] (“DCNR”) Tract Number 595. They also announced that drilling would begin immediately on Tract 100 in Lycoming County, PA. These tracts, including the ones declined, were all acquired through the above mentioned competitive bidding that occurred in September, 2008. |
| 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'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. | ||
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| Seneca is a subsidiary of [[National Fuel|National Fuel Gas Co.]] | Seneca is a subsidiary of [[National Fuel|National Fuel Gas Co.]] | ||
| + | * Matthew D. Cabell is President of Seneca Resources. | ||
| * Michael T. Donovan is an official with Seneca. | * Michael T. Donovan is an official with Seneca. | ||
| * Nancy Taylor is a spokesperson for the company. | * Nancy Taylor is a spokesperson for the company. | ||
Revision as of 18:20, 14 April 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 Williamsville, 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 stated 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, not involving EOG, and intended primarily for assessment and evaluation purposes. The company announced in April, 2009 that the preliminary drilling results from the first three of these wells was positive and that the company planned to drill additional wells on the same tracts. Horizontal drilling is expected to begin during the summer months of 2009.
Its leasehold of 725,000 acres is primarily located in northwestern Pennsylvania.
In April, 2009 Seneca was reported having walked away from signing a lease for two of the Pennsylvania state forest land tracks totaling 4,400 acres won in competitive bidding. The reason a company official cited for declining this acreage was the higher than expected pipeline construction costs. Later that month, Seneca announced that it had completed a vertical well on a forest tract in Tioga County, Pennsylvania. It is known as Pennsylvania Department of Conservation and Natural Resources (“DCNR”) Tract Number 595. They also announced that drilling would begin immediately on Tract 100 in Lycoming County, PA. These tracts, including the ones declined, were all acquired through the above mentioned competitive bidding that occurred in September, 2008.
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.
- Matthew D. Cabell is President of Seneca Resources.
- Michael T. Donovan is an official with Seneca.
- Nancy Taylor is a spokesperson for the company.
