NFG
- National Fuel Gas Company
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Overview
Company Summary
National Fuel Gas Company (NFG) is a diversified energy company that operates in the United States. NFG has two primary business segments: Exploration and Production (E&P), and Utility.
In the Exploration and Production segment, NFG engages in the exploration, development, and production of natural gas and crude oil reserves in the Appalachian region. Through its subsidiary, Seneca Resources Corporation, NFG operates drilling rigs and explores potential reserves for extraction. The company's primary focus is on the Marcellus and Utica shale formations, which are known for their vast natural gas resources. NFG utilizes advanced drilling techniques, such as horizontal drilling and hydraulic fracturing, to extract these resources.
The Utility segment of NFG is operated through its subsidiary, National Fuel Gas Distribution Corporation. This division provides natural gas distribution services to residential, commercial, and industrial customers in New York and Pennsylvania. The Utility segment ensures the safe and reliable delivery of natural gas to consumers, maintaining pipelines, meters, and other infrastructure necessary for distribution.
Additionally, NFG has an Energy Marketing segment, through which it sells natural gas to industrial, wholesale, commercial, and public utility customers, while also managing transportation and storage of natural gas.
NFG's diverse operations allow it to capitalize on the entire natural gas value chain, from exploration and production to distribution and marketing. The company's focus on the Appalachian region puts it in a strategic position to benefit from the increasing demand for natural gas in the Northeastern United States.
NFG's goal is to provide clean and reliable energy solutions to meet the needs of its customers, while also ensuring responsible environmental practices throughout its operations.