IFO: PA Natural Gas Production Hits New All-Time High in 2Q19

Yesterday the PA Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for April through June 2019 (full copy below). It shows natgas production rose 14.5% compared to the same period last year--to yet another new all-time high of 1,667 billion cubic feet (Bcf) of natural gas. Put another way, that's 1.7 TRILLION cubic feet of gas produced over a three-month period. There has now been an unbroken chain of quarter-over-quarter increases in horizontal shale gas production in PA for twelve consecutive quarters (three years running).

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