IFO: PA NatGas Production, Wells Spud Both Decreased in 3Q

Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for July through September 2023 (full copy below). There were 102 new horizontal wells spud (drilled) in 3Q23, a huge decrease of 56 wells (-35%) compared to 3Q22. However, 3Q’s spud number was up nicely from the 89 drilled in 2Q23. Natural gas production volume was 1,870 billion cubic feet (Bcf) in 3Q23, down 10 Bcf (-0.5%) from 1,880 Bcf produced in 3Q22.
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Last week, Pennsylvania Gov. Josh Shapiro announced that he will appeal a decision by the Commonwealth Court that blocks PA’s entrance into the obscene Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme (see 
The Pennsylvania Department of Environmental Protection (DEP) recently published its 2022 Oil and Gas Annual Report. This is the seventh year in a row the DEP has published the report in an interactive, electronic (i.e., online only) format. Don’t worry; we’ve made the report a convenient PDF for MDN readers. What does the 2022 report show? Permits issued went down, but the number of new wells drilled went up. The big news is that natural gas production has, for the first time, gone down year over year in the Keystone State. It is the first time natural gas production has decreased for a given year in the modern shale era in PA.
We spotted an article appearing on the PBS-backed Allegheny Front website supposedly reporting a story about Pennsylvania lawmakers looking for “best practices” to adopt in regulating the soon-coming hydrogen hub projects the state will see. PA will see some investment in hydrogen from two different hydrogen hub projects led by neighboring states (West Virginia and Delaware). The article wants you to think that PA lawmakers are reviewing and considering various regulations they might use to protect the public in this uncharted new territory of hydrogen energy. The real thrust of the article, however, is to push a leftist narrative that the hydrogen hubs should avoid using natural gas as the feedstock to produce hydrogen.
Last Wednesday, before heading out the door for the Thanksgiving holiday, MDN brought you the sad (but not unsurprising) news that Pennsylvania Gov. Josh Shapiro had decided to appeal a Commonwealth Court decision striking down his predecessor’s attempt to force the state to implement a multi-billion-dollar carbon tax, called the Regional Greenhouse Gas Initiative (see
Glenn O. Hawbaker, Inc.
The dead cat bounce bounced a little higher last week (i.e., the slight bounce a dead cat makes when it hits the ground). The rig count hit a new low for 2023 three weeks ago (see 
Grab the popcorn! It’s fun to sit back and watch the other side eat its own for a change. We’re talking about the civil war that has erupted on the Democrat Left over Pennsylvania Gov. Josh Shapiro’s “bold” agreement signed with CNX Resources to “move the ball forward” on “environmental progress” in PA (see
In July, MDN compared the Pennsylvania Dept. of Environmental Protection to an organized crime mob with its ongoing shakedowns in assessing “fines” on the Mariner East pipeline project (see
It’s sad to see a major university like the University of Pittsburgh (Pitt) publish fake research to fit a political narrative that fracking can be tied to cancer in kids (see
In 2019, when then-Pennsylvania Gov. Tom Wolf announced he would unilaterally force the state to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme aimed at forcing coal- and gas-fired plants out of business, he claimed the tax would only amount to a few dollars per short ton of CO2 (see
Two weeks ago, Pennsylvania Gov. Josh Shapiro (liberal Democrat) launched, with much fanfare,
Last Friday, MDN brought you the news that CNX Resources CEO Nick DeIuliis had signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see