National Fuel Gas Company (NFG)’s Seneca Resources and Evolution Well Services announces Strategic Alignment

National Fuel Gas Company (NYSE:NFG) is one of the 10 Best AI Power Grid Stocks to Buy According to Analysts.

On June 22, National Fuel Gas Company (NYSE:NFG)’s exploration and production segment, Seneca Resources and Evolution Well Services, announced a three-year strategic agreement to place Evolution’s electric fracturing technology across Seneca’s Appalachian operations. The companies said the partnership combines Evolution’s patent-protected electric fracturing technology, in-house power generation, and field gas conditioning services with Seneca’s responsibly sourced natural gas.

National Fuel Gas Company (NYSE:NFG)’s Seneca Resources President Justin Loweth said the corporation will use its produced and gathered field gas to power electric fracturing operations, lowering fuel and logistics costs, improving reliability and uptime, and reducing the overall cost of ownership.

National Fuel Gas Company (NFG)’s Seneca Resources and Evolution Well Services announces Strategic Alignment

Source: Pixabay

Evolution Well Services President and CEO Steven W. Anderson said merging the companies’ technologies will simplify operations and prioritize safety, reliability, and efficiency. He commented that the partnership plans to deliver high-performance natural gas completions across Appalachia.

National Fuel Gas Company (NYSE:NFG) is a holding company that engages in the production, gathering, transportation, storage, and distribution of natural gas. It works through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments.

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