National Fuel Gas
| Company type | Public |
|---|---|
| Industry | Energy |
| Founded | 1902 |
| Headquarters | Williamsville , United States |
Area served | Western New York, Northwestern Pennsylvania, Appalachian Basin |
| Products | Natural gas exploration and production, pipeline and storage, gathering, utility distribution, energy marketing |
| Website | www |
National Fuel Gas Company (NYSE: NFG) operates as a multifaceted energy enterprise, managing assets valued at $6.2 billion distributed among five distinct business units: Exploration and Production (Seneca Resources Company, LLC), Pipeline and Storage (National Fuel Gas Supply Corporation and Empire Pipeline, Inc.), Gathering (National Fuel Gas Midstream Company, LLC), Utility (National Fuel Gas Distribution Corporation), and Energy Marketing (National Fuel Resources, Inc. - NFR). Established in 1902, the company’s main office is located in Williamsville, New York.
The Utility division caters to more than 754,000 customers across western New York and northwestern Pennsylvania by delivering natural gas sales and transportation via a local distribution network. The Pipeline and Storage division manages an extensive system comprising 2,800 miles of interstate pipelines along with 31 underground storage facilities—four of which are jointly owned with unrelated entities—providing both transportation and storage services to affiliated companies and external clients. With headquarters in Houston and additional offices in Pittsburgh, the Exploration and Production segment concentrates on oil and gas extraction in the Appalachian region, primarily focusing on the Marcellus and Utica Shale formations in Pennsylvania. Seneca oversees 1.2 million net prospective acres featuring stacked pay opportunities. The Energy Marketing unit supplies natural gas to a diverse customer base including industrial, commercial, governmental, and residential sectors within New York and Pennsylvania.
In its 2022 Corporate Responsibility Report, National Fuel Gas detailed significant environmental, social, and governance (ESG) initiatives alongside performance outcomes.
History
As one of the pioneering gas utility enterprises in the United States, National Fuel Gas played a crucial role in advancing key technologies. Its engineers identified that depleted underground gas reservoirs could be repurposed for storage, leading to the establishment of the nation's first storage facility at Zoar Field near Buffalo. This facility proved economically advantageous during the 1940s and 1950s by allowing the purchase of lower-cost summer gas from southwestern states to be stored in New York for distribution during peak winter demand.
The company was also a trailblazer in developing a gas-powered generator designed for cathodic protection to safeguard pipelines from corrosion.
In 1975, National Fuel rolled out "Balanced Billing," an innovative payment plan enabling customers to spread their bills over eleven equal monthly payments with any remaining balance settled in the twelfth month—providing payment flexibility uncommon among gas utilities.
Initially based at 10 Lafayette Square, the company moved its headquarters in 2002 to 6363 Main Street in Williamsville, New York.
National Fuel Gas Company is publicly listed on the New York Stock Exchange under the ticker NFG, with its fiscal year concluding on September 30.
Subsidiaries
Among National Fuel’s fully owned subsidiaries are Horizon Energy Development, Inc.; Horizon LFG, Inc.; Leidy Hub, Inc.; Data-Track Account Services, Inc.; Horizon Power, Inc.; Empire Pipeline, Inc.; National Fuel Gas Midstream Company, LLC; and Seneca Resources Company, LLC.
Highland Field Services, LLC (HFS), a subsidiary of Seneca Resources founded in 2015, oversees water treatment and waste management operations for oil and gas activities within the Appalachian Basin. HFS operates several Pennsylvania facilities—including a water treatment plant located in Kane as well as storage sites situated in Cameron and Tioga counties—and administers EPA-permitted injection wells across Pennsylvania and Ohio. Employing a zero liquid discharge system, HFS minimizes freshwater consumption by recycling liquid waste generated during drilling and hydraulic fracturing processes. It stands as the largest produced water management entity within the Appalachian Basin.
In June 2022, Seneca Resources finalized the sale of its California assets after operating there for 35 years.
External links
- Articles with short description
- Energy companies in the United States
- Natural gas providers in the United States
- Corporations headquartered in Buffalo, New York
- Energy firms founded in 1902
- Non-renewable resource enterprises founded in 1902
- Businesses located in New York (state)
- Companies traded on the New York Stock Exchange
- Members of the S&P 400
- Natural gas companies of the United States