Friday, May 31, 2019

IFO: First Quarter Natural Gas Production Grew 14.7 Percent In Pennsylvania

On May 31, the Independent Fiscal Office released its quarterly report on natural gas production in Pennsylvania which found total production grew 14.7 percent during the first quarter of 2019 to over 1.653 trillion cubic feet, compared to the first quarter in 2018.
The number of producing natural gas wells increased from 7,916 in the first quarter of 2018 to 8,765 in the first quarter this year.  The number of non-producing wells drop slightly. The total number of wells (producing, non-producing) increased 7.7 percent over last year from 10,125 in 2018 to 10,906 so far in  2019.
The top 5 producing counties are Susquehanna, Washington, Greene, Bradford and Lycoming counties.
[Note: In the current debate over the Act 13 drilling impact fee and a proposed natural gas severance tax, proponents of a severance tax note it is based on natural gas production which has been increasing significantly, where the Act 13 fee is a fee on each well.]

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