On December 4, the Independent Fiscal Office reported natural gas production in the third quarter increased 18.5 percent over the third quarter of 2017 and year-to-date production increased 12.9 percent.

IFO also reported there was an 8.1 percent growth in the number of producing and non-producing wells so far in 2018 totaling 10,505 wells and a 10.4 percent increase in producing wells in the third quarter.

Since the third quarter of 2016, there has been a 20.7 percent increase in producing wells.

Susquehanna, Washington, Greene, Bradford, Wyoming, Lycoming, Tioga, Butler, Sullivan, Allegheny counties are the top 10 producing counties.

2018 production in the first three quarters totaled 4,471.5 billion cubic feet (compared to 3,961.6 bcf in 2017) -- horizontal 4,465 bcf (3,953 bcf in 2017) and vertical 6.4 bcf (7.6 bcf in 2017). 

Third quarter production was 1,570.1 billion cubic feet compared to 1,325.3 bcf in 2017.  Horizontal production was 1,567.5 bcf in 2018 and 1,323 bcf in 2017.  Vertical production was 2.6 bcf in 2018 and 2.3 bcf in 2017.

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[Posted: Dec. 4, 2018]

12/10/2018