James A. Beck to Retire from Seneca Resources
June 08 2006 - 6:00PM
Business Wire
National Fuel Gas Company (NYSE: NFG) ("National Fuel") announced
today that, effective July 1, 2006, James A. Beck will retire as
President of Seneca Resources Corporation ("Seneca"), the
Exploration and Production segment of National Fuel. A search for
his replacement is underway, during which Barry L. McMahan, Senior
Vice President of Seneca, will oversee Seneca's day-to-day
operations. McMahan, who has more than 29 years experience in oil
and gas production and management, joined Seneca in 1988 and was
named Senior Vice President in 2001. "We are grateful to Jim for
his long and dedicated service to Seneca and the role he's played
in developing this important element of our business," said David
F. Smith, President and Chief Operating Officer of National Fuel.
Beck joined National Fuel in 1989 as Manager of Operations for
Seneca's California production, following 20 years of experience in
the petroleum industry throughout the United States and
internationally. He was named Executive Vice President of Seneca in
1995 and President in 1996. Seneca Resources explores for, develops
and purchases natural gas and oil reserves in California, the
Appalachian region, the Gulf Coast region of Texas, Louisiana and
Alabama, and the western provinces of Canada. Seneca's exploration
emphasis is centered on drilling for new reserves in Canada and the
Gulf of Mexico, while development drilling continues to expand in
the Appalachian region and in California. Smith added, "The
dynamics of the energy marketplace make this an exciting time to be
in the exploration and production arena, and Seneca remains a
fundamental component of National Fuel's integrated structure."
National Fuel is an integrated energy company with $3.9 billion in
assets comprised of the following five operating segments: Utility,
Pipeline and Storage, Exploration and Production, Energy Marketing,
and Timber. Additional information about National Fuel is available
at http://www.nationalfuelgas.com or through its investor
information service at 1-800-334-2188.
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