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Seneca Resources Corporation

Company Summary

Description

Seneca Resources Corporation explores, develops, and mines natural gas and oil reserves in the Gulf Coast Region of Texas and Louisiana, the Appalachian Region, the Southwest, and California. It also operates acreage and sawmills. The company was formerly known as Mars Natural Gas Company and changed its name to Seneca Resources Corporation in January, 1976. The company was founded in 1913 and is based in Williamsville, New York. Seneca Resources Corporation operates as a subsidiary of National Fuel Gas Company.

Website

http://www.bloomberg.com/research/stocks/private/s...

Related Entities

Firm Transport Commitments

Project: Atlantic Sunrise Pipeline
Firm Commitment: 189,405 Dth/d

Project: Northern Access Project
Firm Commitment: 490,000 Dth/d

Project: Leidy South Transco Expansion Project
Firm Commitment: 330,000 Dth/d

Recent news

  • 11/23/2022 - IOG Resources II... (subscriber access)
  • 3/4/2022 - Seneca Resources... (subscriber access)
  • 2/4/2022 - National Fuel Gas Holds... (subscriber access)
  • 2/4/2022 - National Fuel Gas... (subscriber access)
  • 2/4/2022 - National Fuel Gas Raises... (subscriber access)

Investor Presentations

Company Transactions

Date: 7/30/2020
Type: Acquisition

BUYERS:
  • National Fuel Gas Company
  • Seneca Resources Corporation
    • SELLERS:
  • Shell plc.
  • SWEPI LP
    • DETAILS:

    COST: 541 $MM

    VOLUMES: 250 Mmcf/d

    ACRES: 450000 Acres

    NOTES:
    Shell has reached a deal with National Fuel Gas for the sale of their Appalachian shale gas position for $541 million. The position covers 450,000 net acres across Pennsylvania and 250 Mmcf/d in production. Closing is planned for late-July 2020.
    REGIONS:
  • Appalachia

    • Date: 5/7/2018
    Type: Acquisition

    SELLERS:
  • Seneca Resources Corporation
    • DETAILS:

    COST: 43 $MM

    VOLUMES: 0.9 MBOE/d

    REGIONS:
  • Onshore California

    • Date: 10/4/2017
    Type: Acquisition

    BUYERS:
  • Pin Oak Energy Partners LLC
    • SELLERS:
  • Seneca Resources Corporation
    • DETAILS:

    VOLUMES: 6.1

    ACRES: 4300

    NOTES:
    The acquisition includes 14 producing Marcellus Shale wells and 2 producing Utica/Point Pleasant Shale wells across eight total pads producing from approximately 4,300 gross acres.
    REGIONS:
  • Marcellus Shale
  • Utica