Pennsylvania’s unconventional natural gas producers continued to curtail volumes in the second quarter as the state reported only the second sequential production decline in more than three years.
Unconventional natural gas production was 1.717 Tcf in 2Q2020, down from 1.766 Tcf in 1Q2020, when the state also reported a quarter/quarter production decline, according to data released by the Pennsylvania Independent Fiscal Office (IFO). Second quarter volumes grew by only 2.8% year/year, the lowest growth rate in more than three years.
Producers have made price-related curtailments since the beginning of the year as they’ve grappled with low natural gas demand in the United States and across the world.
Listen to the latest episode of our newest podcast NGI’s Hub and...