IFO: Natural Gas Production Increased 14.2% In 2018, Largest Increase Since 2014
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On March 5, the Independent Fiscal Office released its latest update on natural gas production in Pennsylvania reporting a 14.2 percent increase in 2018 over 2017, the largest year-over-year increase in production since 2014. Pennsylvania produced 6,115.1 billion cubic feet of natural gas in 2018. In 2017, production was 5,354.3 billion cubic feet. Four counties-- Susquehanna, Washington, Greene and Bradford--comprised two-thirds of statewide production. In the fourth quarter of 2018 there were 8,606 producing horizontal wells, a 10.6 percent increase over the year prior, and total producing wells increased by 9.9 percent in 2018 over 2017. Click Here for a copy of the report. [Note: The Act 13 drilling impact fee that supports a variety of local and state program is a per well fee, it is not based on natural gas production like a severance tax.] NewsClips: Do PA Landowners Retain Mineral Rights When Selling Land To State? PA Marcellus Gas To Power Electric Plant In Puerto Rico Related Stories: [Posted: March 5, 2019] |
3/11/2019 |
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