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About
National Fuel Gas Co. engages in the development of oil and gas properties. It operates through the following segments: Exploration and Production; Pipeline and Storage; Gathering; Utility and Energy Marketing. The Exploration and Production segments operations are carried out by Seneca Resources Corp., 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 of the United States. The Pipeline and Storage segments operations are carried out by National Fuel Gas Supply Corp., which provides interstate natural gas transportation and storage services. The Gathering segments operations are carried out by National Fuel Gas Midstream Corp., which builds, owns and operates natural gas processing and pipeline gathering facilities in the Appalachian region. The Utility segments operations are carried out by National Fuel Gas Distribution Corp., which sells natural gas or provides natural gas transportation services. The Energy Marketing segments operations are carried out by National Fuel Resources, Inc., which markets natural gas to industrial, wholesale, commercial, public authority and residential customers. The company was founded on December 8, 1902 and is headquartered in Williamsville, NY. | |||
Description
National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States. As of September 30, 2016, it had proved developed and undeveloped reserves of 29,009 thousand barrels of oil and 1,674,575 million cubic feet of natural gas. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system extending from Southwestern Pennsylvania to the New York-Canadian border, and eastward to Ellisburg and Leidy, Pennsylvania; and owns and operates 27 underground natural gas storage fields, as well as 4 other underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial customers, and power producers in New York State; and owns and operates the Empire Pipeline, a 249-mile integrated pipeline system. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region. The Utility segment sells natural gas or provides natural gas transportation services to approximately 742,235 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The Energy Marketing segment markets natural gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and northwestern Pennsylvania. As of September 30, 2016, the company also owned approximately 93,000 acres of timber property; and managed an approximately 3,000 additional acres of timber cutting rights. National Fuel Gas Company was founded in 1902 and is based in Williamsville, New York. |