Yesterday the Pennsylvania Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for October through December 2019 (full copy below). It shows natgas production in PA rose 7.6% compared to the same period last year–to yet another new all-time high of 1,774.5 billion cubic feet (Bcf) of natural gas. Put another way, that’s nearly 1.8 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 14 consecutive quarters (3.5 years running).
Yesterday the Pennsylvania Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for October through December 2019 (full copy below). It shows natgas production in PA rose 7.6% compared to the same period last year–to yet another new all-time high of 1,774.5 billion cubic feet (Bcf) of natural gas. Put another way, that’s nearly 1.8 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 14 consecutive quarters (3.5 years running).