Yesterday the PA Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for Jul-Sep 2018 (full copy below). It shows natgas production rose an amazing 18.5% compared to the same period last year. The report also shows the number of producing wells is up 10.4% from last year. Total natural gas production volume was 1,567.5 billion cubic feet (Bcf), and the number of producing wells in 3Q18 was 8,917 (of which 8,431 were shale wells). The biggest news is that once again 3Q18 saw the highest quarterly production of natural gas in the state–ever. This is the eighth quarter in a row there has been an increase in production. Two-thirds of the state’s natural gas production consistently comes from four counties: Susquehanna, Washington, Greene and Bradford.
