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National Fuel Gas Co Raises FY 2014 Production Guidance

Monday, 21 Oct 2013 05:05pm EDT 

National Fuel Gas Co announced that for fiscal 2014, it is increasing production guidance to a range of 145 to 165 Bcfe, or a 20% to 37% increase over fiscal 2013. The previous guidance range was 134 to 146 Bcfe. This increase is primarily a result of decreased spud to sales timing in Lycoming and Tioga counties within Seneca's Eastern Development Area (EDA), increased EUR assumptions, and a base of producing properties projected to decline at a slower rate in part due to the start-up of compression within its DCNR Tract 100 acreage in Lycoming County, Pa. 

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