Profile: National Fuel Gas Co (NFG)
27 Nov 2015
National Fuel Gas Company, incorporated in 1902, is a holding company. The Company is engaged in the production, gathering, transportation, distribution and marketing of natural gas. It also develops and produces oil reserves, primarily in California. The Company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment operations are carried out by Seneca Resources Corporation. The Pipeline and Storage segment operations are carried out by National Fuel Gas Supply Corporation (Supply Corporation). The Gathering segment operations are carried out by wholly owned subsidiaries of National Fuel Gas Midstream Corporation (Midstream Corporation). The Utility segment operations are carried out by National Fuel Gas Distribution Corporation (Distribution Corporation). The Energy Marketing segment operations are carried out by National Fuel Resources, Inc.
The Exploration and Production Segment
The Exploration and Production segment seeks to discover and produce raw materials (natural gas, oil and hydrocarbon liquids). Seneca Resources Corporation (Seneca) is engaged in the exploration for, and the development and production of, natural gas and oil reserves in California, in the Appalachian region of the United States, and in Kansas. As of September 30, 2014, Seneca had United States proved developed and undeveloped reserves of approximately 38,477 Thousand Barrels (Mbbl) of oil and approximately 1,682,884 Million Cubic Feet (MMcf) of natural gas.
The Pipeline and Storage Segment
National Fuel Gas Supply Corporation (Supply Corporation) provides interstate natural gas transportation and storage services for affiliated and nonaffiliated companies through an integrated gas pipeline system extending from southwestern Pennsylvania to the New York-Canadian border at the Niagara River and eastward to Ellisburg and Leidy, Pennsylvania, and approximately 27 underground natural gas storage fields owned and operated by Supply Corporation, as well as four other underground natural gas storage fields owned and operated jointly with other interstate gas pipeline companies. Empire, an interstate pipeline company, transports natural gas for Distribution Corporation and for other utilities, large industrial customers and power producers in New York State. Empire owns the Empire Pipeline, a 249-mile integrated pipeline system comprising three principal components: a legacy 157-mile pipeline that extends from the United States/Canadian border at the Niagara River near Buffalo, New York to near Syracuse, New York; a 76-mile pipeline extension from near Rochester, New York to an interconnection with the unaffiliated Millennium Pipeline near Corning, New York (the Empire Connector), and a 16-mile pipeline extension from Corning into Tioga County, Pennsylvania (the Tioga County Extension).
The Gathering Segment
The Gathering Segment consists of National Fuel Gas Midstream Corporation’s (Midstream Corporation) operations. Midstream Corporation builds, owns and operates natural gas processing and pipeline gathering facilities in the Appalachian region and provides gathering services to Seneca.
The Utility segment
National Fuel Gas Distribution Corporation (Distribution Corporation) sells natural gas or provides natural gas transportation services to approximately 735,000 customers through a local distribution system located in western New York and northwestern Pennsylvania. The principal metropolitan areas served by Distribution Corporation include Buffalo, Niagara Falls and Jamestown, New York and Erie and Sharon, Pennsylvania.
The Energy Marketing Segment
The Energy Marketing segment operations are carried out by National Fuel Resources, Inc. (NFR). NFR markets natural gas to industrial, wholesale, commercial, public authority and residential customers primarily in western and central New York and northwestern Pennsylvania.
National Fuel Gas Co
6363 Main St
WILLIAMSVILLE NY 14221-5887