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?
