It continues to be a banner year for natural gas production in Pennsylvania, going by the latest quarterly production report. Yesterday, the PA Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for Jul-Sep 2017 (full copy below). It shows natgas production rose 4.8% compared to the same period last year. It also shows the number of producing wells is up 9.3% from last year. Total natural gas production volume was 1,326.2 billion cubic feet (Bcf) and the number of producing wells in 3Q17 was 8,073. The biggest news is that 3Q17 saw the highest quarterly production of natural gas in the state–ever. The previous quarterly report had been the highest ever until this report came out (see PA 2Q NatGas Production Report – Another New Record). The #1 county for natgas production in 3Q17 was, as it was was in 2Q17, Susquehanna County. The #1 producing driller in Susquehanna County is Cabot. As we pointed out in our remarks with the last quarterly report, you might say–with some justification–that the success of Cabot’s drilling program in Susquehanna County has translated into huge success for all of Pennsylvania. Let’s dive into the full report…
It continues to be a banner year for natural gas production in Pennsylvania, going by the latest quarterly production report. Yesterday, the PA Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for Jul-Sep 2017 (full copy below). It shows natgas production rose 4.8% compared to the same period last year. It also shows the number of producing wells is up 9.3% from last year. Total natural gas production volume was 1,326.2 billion cubic feet (Bcf) and the number of producing wells in 3Q17 was 8,073. The biggest news is that 3Q17 saw the highest quarterly production of natural gas in the state–ever. The previous quarterly report had been the highest ever until this report came out (see 