The IFO reported 101 new shale gas wells were spud [drilled] in the first quarter, the fewest new wells drilled than in the last three quarters of 2025.
The average Pennsylvania hub price for natural gas was $5.22, an increase of $1.53-- 41.5%-- from a year ago.
"The first quarter price was heavily impacted by January ($9.99), as prices surged in response to Winter Storm Fern in January.
"Due to the regional impact of the storm, the average Pennsylvania spot price exceeded the Henry Hub (national benchmark) by more than $2.00 for the month of January.
"For February and March, the average Pennsylvania spot price was $2.83, a decrease of $0.79 (-21.9%) from the same two months of the prior year.
"Preliminary data show that natural gas spot prices continued that steep decline into 2026 Q2."
"Spot prices will not reflect contemporaneous prices paid by businesses and consumers.
"EIA data show that the average price of natural gas sold to Pennsylvania residential and commercial consumers in 2026 Q1 increased by 12% from the prior year."
Click Here for a copy of the report.
[Posted: June 2, 2026] PA Environment Digest
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