Seneca Energy Production Company
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| Its leasehold of 725,000 acres is primarily located in northwestern Pennsylvania. | Its leasehold of 725,000 acres is primarily located in northwestern Pennsylvania. | ||
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| + | 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. | ||
| 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. | ||
| Seneca is a subsidiary of [[National Fuel|National Fuel Gas Co.]] | Seneca is a subsidiary of [[National Fuel|National Fuel Gas Co.]] | ||
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| + | * Michael T. Donovan is an official with Seneca. | ||
| + | * Nancy Taylor is a spokesperson for the company. | ||
Revision as of 14:44, 11 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 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.
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.
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.
- Michael T. Donovan is an official with Seneca.
- Nancy Taylor is a spokesperson for the company.
