National Fuel Gas Company is a diversified energy company engaged in the exploration, production, gathering, transportation, distribution, and marketing of natural gas and oil. The company was founded in 1902 and is headquartered in Williamsville, New York, USA. National Fuel operates in four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.
In the Exploration and Production segment, National Fuel focuses on the exploration and development of natural gas and oil reserves in the Appalachian region. The company holds significant acreage in the Marcellus and Utica shale formations, which are among the largest natural gas reserves in the United States. National Fuel employs advanced drilling and extraction techniques to unlock these resources.
The Pipeline and Storage segment includes the operation of natural gas pipelines and storage facilities. National Fuel owns and operates an extensive pipeline network that spans across New York and Pennsylvania. These pipelines transport natural gas to various markets, including residential, commercial, and industrial customers, as well as power plants. The storage facilities provide a strategic advantage by enabling the company to store excess natural gas during periods of low demand and release it when demand increases.
The Gathering segment involves the gathering of natural gas from wells and transporting it to processing plants or interstate pipelines. National Fuel's gathering systems connect natural gas production areas to its pipeline network, ensuring the efficient transportation of gas to market.
The Utility segment operates as National Fuel Gas Distribution Corporation, providing natural gas distribution services to residential, commercial, and industrial customers in western New York and northwestern Pennsylvania. The utility segment serves as a regulated business, ensuring reliable natural gas delivery to its customers.
National Fuel Gas Company is listed on the New York Stock Exchange under the ticker symbol "NFG."