By OGJ editors
HOUSTON, Aug. 6 – The Marcellus shale contributed 2.4 bcf of gas equivalent production for Seneca Resources Corp., Williamsville, NY, in the quarter ended June 30 or half of the company’s Appalachian output and 18% of its total production.
Seneca has increased its estimate of net risked Marcellus resource potential to a range of 8-15 tcf across the 738,000-acre area it considers to be prospective. Seneca recently added a third operated rig in the Marcellus shale.
The company explores and develops oil and gas in California, the Gulf of Mexico, and Appalachian basin.