Seneca Resources Company, LLC, the exploration and production segment of National Fuel Gas Company, headquartered in Houston, Texas, explores for, develops, and produces natural gas in the Appalachian Region including the Marcellus and Utica Shales. We have been providing energy and jobs for more than 100 years and remain committed to our corporate guiding principles of safety, environmental stewardship, community, innovation, satisfaction, and transparency.
Seneca Resources operates unconventional shale wells in Appalachia, primarily in the Marcellus and Utica geologic formations that stretch from the Southern Tier of New York state through Pennsylvania, Ohio, and West Virginia. We control more than one million net prospective acres in the Shale Fairway in Pennsylvania. Approximately 65 percent of our holdings are fee acreage, with the mineral rights owned outright by Seneca Resources and no royalty obligation or lease expiration. This industry-leading mineral ownership position greatly improves our production economics compared to other companies active in the basin. The Marcellus and Utica Shales are a significant focus and represent a substantial opportunity given our extensive acreage position.
With more than 100 years of providing reliable energy and local jobs, we have a rich exploration and production history.
A firm principle of Seneca Resources has always been giving back in the communities where our employees live and work.