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Seneca Resources Announces Plan to Convert Marcellus Drilling Rigs to Natural Gas

Paul Quintaro , Benzinga Staff Writer
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Seneca Resources Corporation ("Seneca"), the wholly-owned exploration and production subsidiary of National Fuel Gas Company (NYSE: NFG) ("National Fuel" or the "Company") today announced plans to complete the conversion of two of its Pennsylvania drilling rigs to cleaner-burning natural gas, displacing the diesel fuel currently used to power equipment at the well site. These will be the first dedicated 100 percent liquefied natural gas (LNG)-fueled drilling rigs operating in the Marcellus Shale within Pennsylvania.

The first rig was converted earlier this month in Lycoming County. The conversion of a second rig should be completed in early November. Seneca will also deploy a third rig that will run on both diesel and natural gas during this fiscal year.

Posted-In: News Commodities Markets

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