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National Fuel Gas Analyst Day - Transcript

National Fuel Gas Company (NFG)

Analyst Day

September 9, 2011


Dave Smith – Chairman and CEO

Matt Cabell – President, Seneca Resources Corporation

John McGinnis – SVP, Seneca Resources Corporation

Barry McMahan – SVP and Secretary, Seneca Resources Corporation

Ron Tanski – President and COO

Anna Marie Cellino – President, National Fuel Gas Distribution Corporation

Dave Bauer – Treasurer, National Fuel Gas Supply Corporation


Dave Smith

Good morning. Thanks for being here. We appreciate it. I know you’re busy, so thanks for taking the time to be with us today. Welcome to our Annual Analyst Day with a new fiscal (ph) number years. And you know, in the past, generally we took the opportunity to review the past year. Last two years we looked at, look forward a year or so and previewing the next year. This year we’re going to take a step further and we’re going to spend some time really looking over the next three years where we expect to be in three years from now. And really, obviously we’re going to spend a lot of time talking about our plans in the Marcellus.

Now, this is the agenda. I’ll provide a quick overview and really set the stage for the growth discussion. Matt who’s the President of Seneca, now he’s going to give an overview of the E&P Segment, John McGinnis, who many of you know, appears he’s the Head of our Exploration program, he’s Senior Vice President. And he’s really going to look at how we delineate our Marcellus acreage, what we’re looking at ring, for example, Utica Shale and the Geneseo Shale. Our new players, Barry McMahon, the Senior Vice President at Seneca, In-Charge of Operations, and he’s going to talk about our drilling operations. But in particular, he’s going to spend some time talking about costs and what we’re doing on the cost side to bring the cost. He’s also going to spend time talking about the environment and our commitment to the environment.

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