For the Q2 fiscal quarter
that ended March 31, Seneca
Resources produced 499 MMcf/d,
up 1% sequentially and 8% YOY.
The company also produced 1,100
bo/d. Production came in below
expectations because of operational
curtailments, the impact of continued
testing to optimize Utica D&C design
in Seneca’s western development
area and, to a lesser extent, D&C
delays at Tract 007 in the company’s
eastern development area. Seneca
lowered its 2019 guidance 5% to
562-589......
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