Seneca Energy Production Company
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| - | In September, 2008 Williamsville, New York-based '''Seneca Resources Corp.''' aka ''Seneca Energy Production Company'' was reported to have 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. | + | Houston, Texas-based '''Seneca Resources Corp.''' aka ''Seneca Energy Production Company'' is a wholly-owned subsidiary of [[National Fuel|National Fuel Gas Co.]] that focuses on gas exploration and production. |
| - | A January, 2009 report indicated that Seneca is the third largest holder of [[Marcellus shale]]. As of that date, it had not been drilling itself, preferring instead to have drilled through a joint venture with [[EOG Resources|EOG Resources Inc.]] However, the company planned to become a driller of record in 2009. An August, 2009 report stated that Seneca and National Fuel combined control roughly 1 million acres of prospective Marcellus rights drilling rights. | + | In September, 2008 Seneca was reported to have 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. |
| - | By February, 2009, a 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 were intended primarily for assessment and evaluation purposes. '''''Update #1:'''''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 was expected to begin during the summer months of 2009. '''''Update #2''''' A November, 2009 company update announced that Seneca had drilled 11 vertical wells in 7 counties. The company was evaluating log and core data and attempting to prioritize its acreage. During the third quarter of 2009 the company had also drilled and completed its first two operated [[Horizontal drilling|horizontal]] wells in [[Tioga|Tioga County]]. Together they had a joint 7 day initial production (IP) over 10 Mmcf/d, or 5.8 Mmcf/d and 4.7 Mmcf/d each, respectively. The company was also fielding two rigs with a third one expected to be running by the summer of 2009. | + | A January, 2009 report indicated that Seneca is the third largest holder of [[Marcellus shale]]. As of that date, it had not drilled in the Marcellus shale formation itself, preferring instead to participate through a joint venture with [[EOG Resources|EOG Resources Inc.]] However, the company planned to become a driller of record in 2009. An August, 2009 report stated that combined Seneca and National Fuel (parent) control roughly 1 million acres of prospective Marcellus shale drilling rights. |
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| + | By February, 2009, a report stated that the company planned 10 vertical wells in 6 different counties and would begin drilling immediately in Tioga County. These were to be Seneca-only wells, not involving EOG, and intended primarily for assessment and evaluation purposes. '''''Update #1:'''''The company announced in April, 2009 that preliminary drilling results from the first three of these wells was positive and the company planned to drill additional wells on the same tracts. Horizontal drilling was expected to begin during the summer months of 2009. '''''Update #2''''' A November, 2009 company update announced that Seneca had drilled 11 vertical wells in 7 counties. The company was in the process of evaluating log and core data while attempting to prioritize its acreage. During the third quarter of 2009 the company had also drilled and completed its first two operated [[Horizontal drilling|horizontal]] wells in [[Tioga|Tioga County]]. Together these wells had a joint 7-day initial production (IP) over 10 Mmcf/d, or 5.8 Mmcf/d and 4.7 Mmcf/d, respectively. The company had also fielded two rigs with a third one expected to be running by the summer of 2009. | ||
| Seneca's leasehold of 725,000 acres is primarily located in northwestern Pennsylvania. | Seneca's leasehold of 725,000 acres is primarily located in northwestern Pennsylvania. | ||
| - | Also in April, 2009, Seneca was reported to have walked away from signing a lease for two Pennsylvania state forest land tracks, totaling 4,400 acres, it had won in competitive bidding. A company official cited as the main reason for declining this acreage was higher than expected pipeline construction costs. Later in April, Seneca announced that it had completed one vertical well on a forest tract in Tioga County, Pennsylvania known as [[Pennsylvania Department of Conservation and Natural Resources]] (“DCNR”) Tract Number 595. The company also announced that drilling was to begin immediately on Tract 100 in Lycoming County, PA. All of these tracts, including the ones declined, were acquired through the above mentioned competitive bidding from September, 2008. | + | Also in April, 2009, Seneca was reported to have walked away from signing a lease for two Pennsylvania state forest land tracks, totaling 4,400 acres, it had won in competitive bidding. A company official cited the main reason for declining this acreage as higher than expected pipeline construction costs. Later in April, Seneca announced that it had completed one vertical well on a forest tract in Tioga County, Pennsylvania known as [[Pennsylvania Department of Conservation and Natural Resources]] (“DCNR”) Tract Number 595. The company also announced in April that drilling was to begin immediately on Tract 100 in Lycoming County, PA. All of these tracts, including the ones declined, were acquired through the above mentioned competitive bidding from September, 2008. |
| In a May, 2009 company update, it was noted that Seneca and EOG were testing a Marcellus well that had an initial 7-day flow rate of 3 Mmcf/d. | In a May, 2009 company update, it was noted that Seneca and EOG were testing a Marcellus well that had an initial 7-day flow rate of 3 Mmcf/d. | ||
| - | Seneca's 2006 joint venture with EOG gave 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. However, the above May, 2009 update indicated that in the above well Seneca enjoyed a 60 percent net revenue interest. Apparently it has a 50% working interest, yet a 60% revenue interest in the joint venture. EOG was to operate the well. | + | Seneca's 2006 joint venture with EOG gave 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. However, the above May, 2009 update indicated that in the well above Seneca enjoyed a 60 percent net revenue interest. Apparently it has a 50% working interest, yet a 60% revenue interest in the joint venture. EOG was to operate this well. |
| - | The company also mentioned in the May, 2009 update that it planned to drill 10 vertical and two or three horizontal wells during 2009. It also planned to work on 10 other wells with EOG during the year. These are believed to be the ones covered above. | + | The company also mentioned in a May, 2009 update that it planned to drill 10 vertical and two or three horizontal wells during 2009. It also planned to work on 10 other wells with EOG during the year. These are believed to be the above mentioned ones. |
| A June, 2009 report found Seneca teaming up with [[Hess Corp]] to sign three landholder coalitions in [[Broome County]], NY. | A June, 2009 report found Seneca teaming up with [[Hess Corp]] to sign three landholder coalitions in [[Broome County]], NY. | ||
| - | July, 2009 found Seneca and EOG having drilled 9 wells in [[Elk|Elk County]], PA. Four of these wells were set up for real time monitoring. This allows checking the status of the well while fracturing is underway so that decisions can be made quickly about dealing with issues. | + | July, 2009 found Seneca and EOG having drilled 9 wells in [[Elk|Elk County]], PA. Four of these wells were set up for real time monitoring. This allowed checking the status of the wells while [[Hydro-fracturing|hydro-fracturing]] was underway so that decisions on fracturing issues could be quickly made. |
| - | According to a second quarter, 2009 update that appeared in August, 2009, Seneca and EOG had completed and flow-tested four Marcellus shale wells. The initial production from these averaged 2.3 Mmcf/d and ranged from 1.4 to 3.3 Mmcf/d. It was unclear from the report whether these had been the same ones mentioned above in Elk County. | + | According to a second quarter, 2009 update that appeared in August, 2009, Seneca and EOG had completed and flow-tested four Marcellus shale wells. The initial production from these averaged 2.3 Mmcf/d and ranged from 1.4 to 3.3 Mmcf/d. It was unclear from the report whether these were the same as the above mentioned ones in Elk County. |
| - | Seneca is also drilling wells outside its joint venture with EOG, yet EOG was still selected as the operator. The second of these horizontal wells had been drilled in Tioga County. This was probably one of the wholly-owned Seneca wells mentioned above in February, 2009. In August, 2009, it was reported that the company had also been laying approximately 30 miles of gas gathering pipeline through Tioga and Lycoming Counties to collect its Marcellus shale production and ship the gas out through larger capacity interstate pipelines to eastern U.S. markets. | + | Seneca also drilled wells outside its joint venture with EOG, yet EOG was retained as operator. The second of these horizontal wells had been drilled in [[Tioga|Tioga County]]. This was probably one of the wholly-owned Seneca wells mentioned above in February, 2009. In August, 2009, it was further eported that the company had been laying approximately 30 miles of gas gathering pipeline through Tioga and Lycoming Counties to collect its Marcellus shale production and ship it out through larger capacity interstate pipelines to eastern markets. |
| According to a September, 2009 report, Seneca Resources had drilled a Marcellus shale well starting on Aug. 5, 2009 just northwest of Hemlock Creek in Tionesta Township in Pennsylvania's [[Forest|Forest County]]. On August 8th the company had also begun two vertical Marcellus wells in Warsaw Township east of Brookville in neighboring [[Jefferson|Jefferson County]]. | According to a September, 2009 report, Seneca Resources had drilled a Marcellus shale well starting on Aug. 5, 2009 just northwest of Hemlock Creek in Tionesta Township in Pennsylvania's [[Forest|Forest County]]. On August 8th the company had also begun two vertical Marcellus wells in Warsaw Township east of Brookville in neighboring [[Jefferson|Jefferson County]]. | ||
| - | Also in September, Seneca announced that its first wholly-owned and operated horizontal Marcellus shale well had produced at the initial flow rate of 5.8 Mmcf/d for six days with virtually no decline. This well is located in [[Tioga|Tioga County]], PA. A second horizontal well was also completed in the third quarter of 2009 with an initial 7-day production (IP) of 4.7 Mmcf/d. '''''Update:''''' In November, 2009 the company stated that it was in the process of drilling its fifth operated horizontal well and expected to have additional [[Hydro-fracturing|fracs]] completed by yearend. This included a ''zipper frac'' that involved fracing two side-by-side wells--alternating between first fracing a stage in one well and then fracing the next stage in the parallel well and then back again. | + | Also in September, Seneca announced that its first wholly-owned and operated horizontal Marcellus shale well had produced at the initial flow rate of 5.8 Mmcf/d for six days with virtually no decline. This well is located in [[Tioga|Tioga County]], PA. A second horizontal well was also completed in the third quarter of 2009 with an initial 7-day production (IP) of 4.7 Mmcf/d. '''''Update:''''' In November, 2009 the company stated that it was in the process of drilling its fifth operated horizontal well and expected to have additional [[Hydro-fracturing|fracs]] completed by yearend. This included a ''zipper frac'' that involved fracing two side-by-side wells--alternating between first fracing a stage in one well and then fracing the next stage in the parallel well and then back again to the other one. |
| - | + | ||
| - | Regarding the EOG joint venture, the November update stated that 10 horizontal wells had been completed in the program with 4 more horizontals still in various stages of completion. A number of these were being drilled in the Punxsutawney focus area. Two of the wells were already on production and several more were expected to be so in the next few months. In total 17 vertical wells and 18 horizontal ones have been drilled. 12 of the horizontals ones have been fraced and completed, and 3 were already producing. | + | |
| - | Seneca is a 100%-owned subsidiary of [[National Fuel|National Fuel Gas Co.]] | + | Regarding the EOG joint venture, the November update stated that 10 horizontal wells had been completed in the program with 4 more horizontals still in various stages of completion. A number of these were being drilled in the Punxsutawney focus area. Two of the wells were already on production and several more were expected to be so in the next few months. In total, 17 vertical wells and 18 horizontal ones had been drilled. 12 of the horizontals ones had been fraced and completed, and 3 were already producing. |
| * Matthew D. Cabell is President of Seneca Resources. | * Matthew D. Cabell is President of Seneca Resources. | ||
| - | * Michael (Mike) T. Donovan is Seneca's Land Manager and is in charge of business development in Pennsylvania. | + | * Michael (Mike) T. Donovan is Seneca's Land Manager and in charge of business development in Pennsylvania. |
| - | * Nancy Taylor is a spokesperson for the company. | + | * Nancy Taylor, Doug Kepler, and Julie Coppola Cox are spokespeople for the company. |
| - | * Doug Kepler is a spokesman for Seneca Resources. | + | |
| - | * Julie Coppola Cox is a spokeswoman for Seneca/National Fuel. | + | |
Revision as of 06:12, 1 January 2010
Houston, Texas-based Seneca Resources Corp. aka Seneca Energy Production Company is a wholly-owned subsidiary of National Fuel Gas Co. that focuses on gas exploration and production.
In September, 2008 Seneca was reported to have 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. As of that date, it had not drilled in the Marcellus shale formation itself, preferring instead to participate through a joint venture with EOG Resources Inc. However, the company planned to become a driller of record in 2009. An August, 2009 report stated that combined Seneca and National Fuel (parent) control roughly 1 million acres of prospective Marcellus shale drilling rights.
By February, 2009, a report stated that the company planned 10 vertical wells in 6 different counties and would begin drilling immediately in Tioga County. These were to be Seneca-only wells, not involving EOG, and intended primarily for assessment and evaluation purposes. Update #1:The company announced in April, 2009 that preliminary drilling results from the first three of these wells was positive and the company planned to drill additional wells on the same tracts. Horizontal drilling was expected to begin during the summer months of 2009. Update #2 A November, 2009 company update announced that Seneca had drilled 11 vertical wells in 7 counties. The company was in the process of evaluating log and core data while attempting to prioritize its acreage. During the third quarter of 2009 the company had also drilled and completed its first two operated horizontal wells in Tioga County. Together these wells had a joint 7-day initial production (IP) over 10 Mmcf/d, or 5.8 Mmcf/d and 4.7 Mmcf/d, respectively. The company had also fielded two rigs with a third one expected to be running by the summer of 2009.
Seneca's leasehold of 725,000 acres is primarily located in northwestern Pennsylvania.
Also in April, 2009, Seneca was reported to have walked away from signing a lease for two Pennsylvania state forest land tracks, totaling 4,400 acres, it had won in competitive bidding. A company official cited the main reason for declining this acreage as higher than expected pipeline construction costs. Later in April, Seneca announced that it had completed one vertical well on a forest tract in Tioga County, Pennsylvania known as Pennsylvania Department of Conservation and Natural Resources (“DCNR”) Tract Number 595. The company also announced in April that drilling was to begin immediately on Tract 100 in Lycoming County, PA. All of these tracts, including the ones declined, were acquired through the above mentioned competitive bidding from September, 2008.
In a May, 2009 company update, it was noted that Seneca and EOG were testing a Marcellus well that had an initial 7-day flow rate of 3 Mmcf/d.
Seneca's 2006 joint venture with EOG gave 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. However, the above May, 2009 update indicated that in the well above Seneca enjoyed a 60 percent net revenue interest. Apparently it has a 50% working interest, yet a 60% revenue interest in the joint venture. EOG was to operate this well.
The company also mentioned in a May, 2009 update that it planned to drill 10 vertical and two or three horizontal wells during 2009. It also planned to work on 10 other wells with EOG during the year. These are believed to be the above mentioned ones.
A June, 2009 report found Seneca teaming up with Hess Corp to sign three landholder coalitions in Broome County, NY.
July, 2009 found Seneca and EOG having drilled 9 wells in Elk County, PA. Four of these wells were set up for real time monitoring. This allowed checking the status of the wells while hydro-fracturing was underway so that decisions on fracturing issues could be quickly made.
According to a second quarter, 2009 update that appeared in August, 2009, Seneca and EOG had completed and flow-tested four Marcellus shale wells. The initial production from these averaged 2.3 Mmcf/d and ranged from 1.4 to 3.3 Mmcf/d. It was unclear from the report whether these were the same as the above mentioned ones in Elk County.
Seneca also drilled wells outside its joint venture with EOG, yet EOG was retained as operator. The second of these horizontal wells had been drilled in Tioga County. This was probably one of the wholly-owned Seneca wells mentioned above in February, 2009. In August, 2009, it was further eported that the company had been laying approximately 30 miles of gas gathering pipeline through Tioga and Lycoming Counties to collect its Marcellus shale production and ship it out through larger capacity interstate pipelines to eastern markets.
According to a September, 2009 report, Seneca Resources had drilled a Marcellus shale well starting on Aug. 5, 2009 just northwest of Hemlock Creek in Tionesta Township in Pennsylvania's Forest County. On August 8th the company had also begun two vertical Marcellus wells in Warsaw Township east of Brookville in neighboring Jefferson County.
Also in September, Seneca announced that its first wholly-owned and operated horizontal Marcellus shale well had produced at the initial flow rate of 5.8 Mmcf/d for six days with virtually no decline. This well is located in Tioga County, PA. A second horizontal well was also completed in the third quarter of 2009 with an initial 7-day production (IP) of 4.7 Mmcf/d. Update: In November, 2009 the company stated that it was in the process of drilling its fifth operated horizontal well and expected to have additional fracs completed by yearend. This included a zipper frac that involved fracing two side-by-side wells--alternating between first fracing a stage in one well and then fracing the next stage in the parallel well and then back again to the other one.
Regarding the EOG joint venture, the November update stated that 10 horizontal wells had been completed in the program with 4 more horizontals still in various stages of completion. A number of these were being drilled in the Punxsutawney focus area. Two of the wells were already on production and several more were expected to be so in the next few months. In total, 17 vertical wells and 18 horizontal ones had been drilled. 12 of the horizontals ones had been fraced and completed, and 3 were already producing.
- Matthew D. Cabell is President of Seneca Resources.
- Michael (Mike) T. Donovan is Seneca's Land Manager and in charge of business development in Pennsylvania.
- Nancy Taylor, Doug Kepler, and Julie Coppola Cox are spokespeople for the company.
