National Fuel Gas Sells Gulf Properties for $70M

Mar. 10, 2011 11:26AM PST

Business Week reports that on Wednesday, National Fuel Gas Co’s Seneca Resources unit intends to sell its Gulf of Mexico oil and natural gas-producing properties for $70 million.

The market news is quoted as saying:

Natural Fuel Gas Chairman and CEO David F. Smith said Seneca’s exploration and development has been increasingly focused in Appalachia and California in recent years.

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