Acquiring Shell assets last year boosts Seneca’s natural gas production
Tuesday, May 18, 2021
Acquiring Royal Dutch Shell’s Pennsylvania assets last year has helped drive significant growth in Seneca Resources Co. LLC’s natural gas production, according to Natural Gas Intelligence.
The company reported fiscal second-quarter 2021 production increased 43% year-over-year to 85.2 Bcfe.
The bulk of Seneca’s production gain came from the Eastern Development Area, which includes assets it acquired from Shell in Tioga County.
Net production increased by 21.2 Bcf year over year to 50.2 Bcf in the Eastern Development Area. Volumes from Seneca’s Western Development Area in northwest Pennsylvania increased 4.6 Bcf to 31.3 Bcf over the same time.
Learn more: Natural Gas Intelligence > Seneca reports big jump in natural gas production from new Pennsylvania assets
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What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.