National Fuel Gas Continues to Curtail Appalachia Volumes in Fiscal Q4 Due to Weak Prices
National Fuel Gas reported fiscal fourth-quarter production of 433 million cubic feet equivalent per day, down 9% sequentially but up 6% versus the year-ago period. Similar to last quarter, pricing-related curtailments in Appalachia amounted to 67 MMcfe/d during the period. The company’s oil volumes were also down, owing to continuing disruption in steam flood operations that occurred late last year at the company’s North Midway Sunset field, although production in this region is expected to ret...National Fuel Gas is a holding company. Through its subsidiaries, the company is engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The company's segments are: Exploration and Production, which is engaged in the exploration for, and the development and production of, natural gas and oil reserves in California and in the Appalachian region; Pipeline and Storage, which provides interstate natural gas transportation and storage services, as well as transports and stores natural gas; Gathering, which builds, owns and operates natural gas processing and pipeline gathering facilities; and Utility, which provides natural gas utility services.
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