Thursday, May 31, 2018

IFO: Natural Gas Production Grows 9.9%, Producing Wells Up 9.1% In First Quarter

The Independent Fiscal Office Thursday reported natural gas production in Pennsylvania grew by 9.9 percent in the first quarter of 2018 to 1,441.2 billion cubic feet compared to the same time period in 2017.
The increase is driven by horizontal Shale wells, which accounts for nearly all production.  All the production growth in the first quarter was from wells drilled in 2016-17
There were 7,913 producing horizontal wells in the first quarter, a 9.8 percent increase over the prior year. Total producing wells in the first quarter increased by 9.1 percent compared to the prior year.
Four counties account for two-thirds of statewide natural gas production-- Susquehanna, Washington, Bradford and Greene.
Non-producing wells also increased, with horizontal (5.7 percent) and vertical (1.2 percent) wells both showing gains.
Click Here for a copy of the report.
The Act 13 drilling impact fee collected by the Commonwealth is based on a per well fee, not natural gas production.

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