National Fuels invests $500 million in Pennsylvania deal

National Fuel Gas Company said that it has entered into a purchase and sale agreement to acquire upstream and midstream gathering assets in Tioga County, Pennsylvania from a subsidiary of Royal Dutch Shell.

Wlliamsville-based National Fuel will pay $541 million for some 200,000 net acres in north central part of the state and just south of Steuben and Chemung counties along New York’s Sputhern Tier. Closing adjustments will put the final price at closer to $500 million, the company said. The deal…


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