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National Fuel Gas Company reports news about an integrated natural gas business organized around Integrated Upstream and Gathering, Pipeline and Storage, and Utility operations. Its recurring updates cover operating and financial results, earnings calls, quarterly dividend actions, stockholder votes, and capital-structure matters tied to common stock and credit arrangements.
The company’s business disclosures connect Seneca natural gas exploration and development in the Appalachian region with midstream gathering, pipeline transportation and storage assets serving customers in the northeastern United States and Canada, and utility service in western New York and northwestern Pennsylvania.
National Fuel Gas Company (NYSE: NFG) announced the acquisition of upstream and midstream assets in Pennsylvania from SWEPI LP for approximately $541 million, reducing to $500 million post-adjustments. The deal, expected to close on July 31, 2020, aligns with National Fuel's integrated business model, enhancing cash flow and earnings per share. The assets include 710 Bcf of proved reserves and 142 miles of gathering pipelines, forecasted to generate over $125 million in EBITDA. The acquisition will lower operating costs and provides significant hedge positions against commodity price fluctuations.
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