National Fuel Gas (NFG) Reports Acquisition of Shell's (RDS-A) Integrated Upstream & Midstream Assets in Pennsylvania
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall St set to gain on tech rebound, Middle East in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Axsome Therapeutics (AXSM) PT Raised to $380 at Jefferies
National Fuel to Acquire Shell’s Integrated Upstream and Midstream Assets in Pennsylvania
May 4, 2020 4:16 PM EDTOpportunistic Acquisition with Contiguous Footprint and Highly Synergistic Operations Advances National Fuel's Long-Term, Returns-Focused Integrated Strategy within Appalachia
WILLIAMSVILLE, N.Y., May 04, 2020 (GLOBE NEWSWIRE) --
STRATEGIC RATIONALE
Unique acquisition opportunity builds upon Companys diversified, integrated business model, with upstream and midstream assets that are geographically contiguous and highly synergistic to existing Tioga County, Pa. operations, and firm transportation capacity on the Companys Empire Pipeline systemAcquisition is accretive to free cash flow (funds from operations less capital expenditures), and to earnings per share, with capital expenditure guidance for fiscal 2020... More