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Company: Seneca Resources expects gas production to grow by 7% in 2024

24/01/2024
Source : ORISHAS FINANCE
Categories: Companies

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Shale operator Seneca Resources expects to increase production from its assets in Appalachia by around 7% this year.

Low commodity prices should dampen any particularly aggressive growth plans among gas-focused producers in 2024. According to an annual report, the National Fuel Gas subsidiary expects total production from operations in the Marcellus and Utica shale to increase from 372 to 400 Bcfe, or an average of around 1.1 Bcfe/d in 2024, thanks to a reduction of about 25% in exploration and production capital expenditures

year over year.
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