Seneca Resources Selects EMK3 for Risk Management and Oil & Gas Marketing

Seneca Resources selects EMK3, citing a perfect fit

DALLAS and HOUSTON, Sept. 8 2004 – EMK3 announced today that Seneca Resources, a subsidiary of National Fuels Gas Company, has selected the EMK3 Suite to manage its oil and gas marketing and risk management functions. “Seneca’s business drivers for seeking a new risk management and marketing system are consistent with other companies that have built their industry leading positions with innovation and forward thinking,” said Gary Wittsche, president of EMK3. “EMK3 will enable Seneca to remain ahead of the curve in their competitive market. We are pleased to count Seneca Resources in our growing family of industry innovators, and look forward to many years of continued success.”

Rosie Corpus, of Seneca’s gulf coast marketing said, “After a long and careful search, EMK3 was the clear choice to help us manage Seneca’s physical and financial marketing responsibilities We spoke with several potential providers, and found that EMK3 really understood the business functions specific to an exploration and production company.” Clare Wegenhoft, also of Seneca’s marketing department added, “EMK3’s functionality is a perfect fit for us, the other systems we looked at were not built specifically with the producer in mind. With EMK3, we will have all the functional capabilities we need, plus great analysis and reporting tools.”

Seneca is implementing the entire suite of EMK3 applications, including risk management and fully integrated functionality to support crude oil, natural gas, and natural gas liquids marketing and transportation activities. The implementation includes the Gulf Coast division and will be expanded to include the East Coast and West Coast divisions in the near future. The EMK3 system interface with production, land and accounting systems will enable executives, accounting personnel, and operations personnel to have exceptional tools for analysis and reporting.

Barry McMahan, senior vice-president of Seneca Resources said, “We needed to make a change. Our marketing group was bogged down in administration due to our existing manual processes, and with the Sarbanes-Oxley requirements just around the corner, we had to replace our spreadsheet-based system. With this implementation, we will not only greatly increase our efficiency, but also solve our internal control concerns in this area. I look forward to completing our implementation, so we can change our focus from administration to generating revenue.”

About EMK3
EMK3 (www.emk3.com) is the only supplier of solutions, built from the ground up, designed specifically for the oil & gas producer’s marketing organization. EMK3 provides innovative technology solutions to producer’s enabling them to implement internal control’s to comply with Sarbanes-Oxley requirements, while enabling revenue enhancement and cost reduction. The EMK3 Suite of applications are web-based, and provide fully integrated functionality for crude oil, natural gas, natural gas liquids including; hedging, 3rd party purchasing, market data, bid analysis, deal capture, contract management, credit management, partner and platform balancing, pipeline balancing, nominations, invoicing, reconciliation, analysis, reporting, as well as revenue accrual. EMK3 headquarters’ is located in Corpus Christi, TX, with locations in Dallas, TX and Houston, TX.

About Seneca Resources
Seneca Resources Corporation (www.srcx.com) explores for, develops and purchases natural gas and oil reserves in the Gulf Coast Region of Texas and Louisiana, the Appalachian Region, the Rocky Mountain Region, California and the western provinces of Canada. Seneca Resources is headquartered in Houston, Texas, and is a subsidiary of National Fuel Gas Company based in Williamsville, New York.

Contact:
Terry Coulter
972-267-3653
tcoulter @ emk3.com