Unconventional natural gas production in Pennsylvania increased 14.2% in 2018 year/year, exceeding 6 Tcf for the first time and notching the largest annual increase since 2014, according to the state’s Independent Fiscal Office (IFO).
Articles from Ifo
Newly released data from the Pennsylvania Independent Fiscal Office (IFO) projects that unconventional natural gas production in the state is on track to hit 6 Tcf in 2018 after volumes jumped significantly year/year in the third quarter.
Natural gas production in Pennsylvania reached another high during the first quarter, when volumes hit 1.441 Tcf, up about 10% from the 1.312 Tcf produced in 1Q2017, according to the state’s Independent Fiscal Office (IFO).
Unless shale drilling activity increases meaningfully or natural gas prices spike, Pennsylvania’s 2016 impact fee collections from producers could again decline, the state’s Independent Fiscal Office (IFO) said in a report.