Seneca Energy Production Company

From Wikimarcellus

Revision as of 01:22, 26 January 2009; view current revision
←Older revision | Newer revision→
Jump to: navigation, search
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 acreage with 725,000 acres under lease. 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

Personal tools