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On February 26, the Independent Fiscal Office reported 2023 Pennsylvania natural gas production was up 1.0% over 2022, thanks to a 4.5% increase in the fourth quarter, but production is still below 2021 numbers.
Total annual production was 7,520 billion cubic feet in 2023; 7,441 billion cubic feet in 2022; 7,563 billion cubic feet in 2021; 7,077 billion cubic feet in 2020; and 6,816 billion cubic feet in 2019.
The number of new wells drilled-- 421 in 2023-- was the fewest drilled in year in the last decade.
The average Pennsylvania spot price for natural gas was $1.69, a decrease of $2.85 (-62.8%) from the prior year. The average price for the full year was $1.68, a decline of $3.89 (-69.9%) from the prior year.
Low natural gas prices throughout the year were driven by high inventory levels and mild weather.
Click Here for a copy of the report.
PA Oil & Gas Industry Public Notice Dashboards:
-- PA Oil & Gas Weekly Compliance Dashboard - Feb. 24 to March 1 - 11 More Abandoned Conventional Wells; Field Of Leaking Wells; Voluntary Plugging; No Cleanup Progress In Reno Spill [PaEN]
-- Latest DEP Inspection Shows No Progress By Petro Erie In Cleaning Up The Conventional Oil Well Wastewater Spill That Contaminated The Village Of Reno’s Water Supply In Venango County 6 Months Ago [PaEN]
-- DEP: Clay-Like Material Polluting Marsh Creek Is Not Bentonite From Mariner East Pipeline Construction, But Naturally Occuring; Sunoco Cleanup Operation Finished [PaEN]
-- PA Oil & Gas Industrial Facilities: Permit Notices/Opportunities To Comment - March 2 [PaEN]
-- 40 Individuals File Appeals, Most Handwritten, Of DEP’s Permit For Catalyst Energy Oil & Gas Wastewater Injection Well In McKean County [PaEN]
-- EPA Appeals Board Allows Protect PT, Three Rivers Waterkeeper Appeal Of Penneco Oil & Gas Wastewater Injection Well Permit In Allegheny County To Move Forward [PaEN]
-- Incomplete Application For CNX Midstream Slickville Fracking Wastewater, Natural Gas Pipelines Project In Westmoreland County Withdrawn By DEP [PaEN]
-- DEP Posted 64 Pages Of Permit-Related Notices In March 2 PA Bulletin [PaEN]
Related Articles This Week - Gas:
-- DEP: Oil & Gas Regulatory Program Will Be In The Red By Fall; All Sectors Greenhouse Gas Reduction Program No Go; Update On Permitting Reform [PaEN]
-- PA Utility Law Project March 15 Webinar On Impacts Of LNG Gas Exports On Energy Costs For Pennsylvania Families; LNG Export Capacity To Double, Even With Permit Pause [PaEN]
-- Bloomberg: Gov. Shapiro Calls On Biden To Keep Pause On Permits For New LNG Gas Export Facilities Short [PaEN]
-- PA Environmental Groups: New PUC Rules, DEP Guidance Victory For Increased Safety In Pipeline Construction And Operation [PaEN]
-- Chemstream Chemical Maker Agrees To Disclose Information About Its Proprietary Chemicals Used In Natural Gas Drilling [PaEN]
-- IFO Reports 2023 PA Natural Gas Production Up 1.0% Over 2022, Thanks To Strong Q4 Production; Fewest New Wells Drilled In Last Decade [PaEN]
NewsClips:
-- Spotlight PA: Federal Money Supercharged PA’s Plugging Of Dangerous Conventional Oil & Gas Wells, But Critics Want More Oversight
-- Guest Essay: The Conventional Oil And Gas Industry Isn't Taking Responsibility For Their Wells - By Rep. Greg Vitali, Majority Chair, House Environmental Committee [PaEN]
-- Q/A With House Environmental Committee Majority Chair Greg Vitali
-- Q/A With Senate Environmental Committee Majority Chair Gene Yaw
-- WESA: Republican US Senate Candidate Says Less Red Tape, More Natural Gas Are Key To PA’s Economic Future
-- Q&A With Michael Huwar, Peoples Gas - ‘Regulatory And Legislative Efforts Must Support The Natural Gas Industry’
-- The Allegheny Front - Reid Frazier: Permit Application For CNX Pipeline Project In Westmoreland County Withdrawn, Lacked Wildlife Permits
-- PA Business Report: Chemstream Announces Radical Transparency Fracking Chemical Compliance Initiative
-- TribLive: Murrysville Officials OK Olympus Energy Project For 2 Fracking Water Pipelines, 2 Natural Gas Pipelines In Westmoreland
-- MCall: Gas Leak Reported In Hellertown, Northampton County Prompting Evacuations
-- PUC Reminder Of Opportunities To Comment On Proposed 18.7% Peoples Natural Gas Rate Increase
-- Pittsburgh Business Times: Panel: Washington County State Of The Economy Explores Impacts Of ARCH2 Hydrogen Projects
-- Reuters: European Union Receives Bids For Nearly 3 Times The Volume Of Gas They Need
-- Bloomberg: Qatar Has Eyes On More Long-Term Deals As It Bets Big On LNG Gas
-- Financial Times: Oil And Gas Industry Profits Triple Under Biden, Even As Industry Decries Him
[Posted: February 26, 2024]
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