IFO: Pennsylvania Natural Gas Production Slips in 2Q21

Yesterday the Pennsylvania Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for April through June 2021 (full copy below). It's sort of a mixed bag with some good and some not-so-good. In 2Q21 the number of wells spud (begun to be drilled) was 120 new shale wells, up from the 113 spud in 2Q20, which was the point when the pandemic began to take hold in a big way. Sadly, gas production slipped in 2Q over the previous quarter, but not by much. It was still the second-highest quarterly production in the state for all time.

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