IFO: PA Natural Gas Production Hits New All-Time High in 1Q19

Last week the PA Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for Jan-Mar 2019 (full copy below). It shows natgas production rose 14.7% compared to the same period last year--to yet another new all-time high. However, compared with 4Q18, the increase was a modest three-tenths of one percent--essentially flat. Is this the beginning of the end when production fails to continue rising?

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