Seneca Resources Completes Divestiture of California Properties

WILLIAMSVILLE, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Today, Seneca Resources Company, LLC (Seneca), the Exploration and Production segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), announced that it has closed the sale of the Companys California properties to Sentinel Peak Resources California, LLC.

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Retrieved on: 
Thursday, June 30, 2022
Information
Tags: 
Sentinel, Seneca, Exploration, GLOBE, Sale, NFG, Company, National Fuel Gas, LLC, NYSE, Natural gas, Sentinel Peak, Western New York, Utility, Petroleum
Geotags: 
WILLIAMSVILLE, NY, US, CALIFORNIA
Organisation: 
NATIONAL FUEL GAS COMPANY
Summary
Key Points: 
  • WILLIAMSVILLE, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Today, Seneca Resources Company, LLC (Seneca), the Exploration and Production segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), announced that it has closed the sale of the Companys California properties to Sentinel Peak Resources California, LLC.
  • The Company received net proceeds of approximately $241 million, after customary closing adjustments.
  • About National Fuel Gas Company:
    National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.
  • Additional information about National Fuel is available at www.nationalfuel.com .



WILLIAMSVILLE, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Today, Seneca Resources Company, LLC (Seneca), the Exploration and Production segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), announced that it has closed the sale of the Company’s California properties to Sentinel Peak Resources California, LLC. The Company received net proceeds of approximately $241 million, after customary closing adjustments.

About National Fuel Gas Company:
National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

Analyst Contact: Brandon Haspett | 716-857-7697
Media Contact: Karen Merkel | 716-857-7654


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