John P. McGinnis Named Senior Vice President of Seneca Resources.HOUSTON -- Seneca Resources Corporation ("Seneca"), the Exploration and Production subsidiary of National Fuel Gas Company (NYSE NYSE See: New York Stock Exchange : NFG NFG No Freaking Good (polite form) NFG Nefteyugansk (Russia) NFG New Found Glory (band from Coral Springs, Florida) NFG Neighborhood Funders Group ), announced today that John P. McGinnis has been named Senior Vice President, Exploration and Development. "We are pleased to welcome John to the Company," said David F. Smith, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of National Fuel Gas Company. "Adding John to our management team at Seneca further underscores our commitment to develop and extract value from our Appalachian holdings. Like Matt Cabell, Seneca's recently-named President, John possesses technical expertise and industry experience that will strongly contribute to our Appalachian growth plan," Smith added. McGinnis has 22 years experience in oil and gas exploration, including his most recent position as General Manager, Exploration and Production (Eastern U.S.) for Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. , where he was responsible for leading the business unit's strategy to explore for reserves in Appalachia and other Eastern U.S. regions. "John's extensive experience will help Seneca to achieve the long-term objectives of increasing reserves and reducing finding costs," said Matt Cabell, President of Seneca.* "In particular, John will help to execute a comprehensive growth plan for our Appalachian properties, while also providing day-to-day oversight of the overall exploration program.* Barry McMahan will continue in his current role as Senior Vice President, Production and Operations, helping Seneca to maintain our position as an efficient low-cost producer."* Prior to his employment at Dominion Resources, McGinnis was Vice President of Exploration for Nuevo Energy and Division Explorationist for Amerada Hess Corporation The Hess Corporation (NYSE: HES) is an integrated oil company based in New York City. The company changed its name from Amerada Hess as of May 8, 2006. The company explores, produces, transports, and refines oil. . He holds a PhD in Marine Geology marine geology or geologic oceanography Scientific discipline concerned with all geologic aspects of the continental shelves and slopes and the ocean basins. Marine geology originally focused on marine sedimentation and the interpretation of bottom samples. and Geophysics from Columbia University's Lamont-Doherty Earth Observatory Lamont-Doherty Earth Observatory (LDEO) is a world-class research institution specializing in the Earth sciences and is part of Columbia University. The current director of Lamont is G. Michael Purdy. and both a Masters degree and a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Geophysics from Purdue University Purdue University (pərdy `, -d `), main campus at West Lafayette, Ind. . McGinnis and his wife, Lana,
reside in Houston, Texas, with their two children.
National Fuel Gas Company is an integrated energy company with $3.8 billion in assets comprising five principal operating segments: Utility, Pipeline and Storage, Exploration and Production, Energy Marketing, and Timber. Additional information about the Company is available at www.nationalfuelgas.com or through its investor information service at 1-800-334-2188. * Certain statements contained herein, including those which are designated with an asterisk ("*") and those which use words such as "anticipates," "estimates," "expects," "intends," "plans," "predicts," "projects," and similar expressions, are "forward-looking statements" as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: changes in laws and regulations to which the Company is subject, including changes in tax, environmental, safety and employment laws and regulations; changes in economic conditions, including economic disruptions caused by terrorist activities, acts of war Tom Clancy's Op-Center: Acts of War is a technothriller by Jeff Rovin Plot introduction The mobile Regional Operations Center (ROC) in Turkey investigates a dam blown up by Kurdish terrorists. or major accidents; changes in the availability and/or price of natural gas or oil; significant changes from expectations in actual capital expenditures and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and unanticipated project delays or changes in project costs or plans; the nature and projected profitability of pending and potential projects and other investments; occurrences affecting the Company's ability to obtain funds from operations Funds From Operations (FFO) Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. or from issuances of debt or equity securities to finance needed capital expenditures and other investments, including any downgrades in the Company's credit ratings; uncertainty of oil and gas reserve estimates; ability to successfully identify and finance acquisitions or other investments and ability to operate and integrate existing and any subsequently acquired business or properties; ability to successfully identify, drill for and produce economically viable natural gas and oil reserves; significant changes from expectations in the Company's actual production levels for natural gas or oil; or significant changes in the Company's relationship with its employees or contractors and the potential adverse effects if labor disputes, grievances or shortages were to occur. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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