Despite voluntary curtailments into the constrained and discounted Tennessee 300 Line, we achieved just a few days ago our major milestone of 200 million cubic feet per day of net production from the Marcellus Shale.We expect production will continue to grow as we bring on additional wells like Lycoming County in the coming quarters. In California, Seneca’s after hedging crude oil prices increased by more than 6%, while production increased by about 7.5% over the prior year. Our California team has done a terrific job of extracting value from those assets. To put the reference into perspective, oil production from Seneca’s California acreage is now at its highest level since 2003. At today prices, these properties continue to generate significant cash flow nearly $175 million of EBITDA for the first nine months of the fiscal year.
National Fuel Gas' CEO Discusses Q3 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.