National Fuel Gas May Divest Canadian Unit

National Fuel Gas Company announced late Thursday that its Exploration and Production unit, Seneca Resources Corporation ("Seneca") has initiated a process to explore the sale of Seneca's wholly owned subsidiary, Seneca Energy Canada Inc. ("SECI").

Seneca has retained Scotia Waterous as its exclusive financial advisor to assist in this process. All questions regarding the SECI properties and the purchase opportunity should be directed to Scotia Waterous.

National Fuel is an integrated energy company with $3.8 billion in assets comprised of the following five operating segments: Utility, Pipeline and Storage, Exploration and Production, Energy Marketing, and Timber.