Pennsylvania – update through April 2021

Natural gas production in Pennsylvania fell by 1% in April, to 20.3 Bcf/d (hz. wells only).  Only 160 new horizontal wells were completed through April this year, versus 180 and 206 in the same period in 2020 & 2019, respectively.

Pennsylvania – update through March 2021

Natural gas production in Pennsylvania was flat in March at 20.6 Bcf/d (hz. wells only, after revisions). Year over year growth was just over 1 Bcf/d. With only 126 new horizontal wells completed through March, completion activity is at a decade low.

Pennsylvania – update through February 2021

Natural gas production in Pennsylvania was flat in February (after upcoming revisions), at about 20.8 Bcf/d (hz. wells only), after setting a record in January. In the first 2 months of the year, only 84 horizontal wells began producing.

Pennsylvania – update through January 2021

Natural gas production in Pennsylvania set a fresh record in January, at 20.8 Bcf/d (hz. wells only), despite that only 39 new horizontal wells came online.

Pennsylvania – update through December 2020

Pennsylvania has been setting natural gas output records every year for over a decade, and 2020 was no exception; a fresh record was recorded in December at 20.6 Bcf/d. This was done despite a decade-low in the number of well completions (561 in 2020, vs. 713 in 2019).

Pennsylvania – update through November 2020

Pennsylvanian natural gas production jumped in November (as it often does) and set a new record at almost exactly 20 Bcf/d. The previous high was a year earlier in November 2019 at 19.6 Bcf/d. As is visualized almost half of this output in November was produced from wells that came online in the past 2 years.

Pennsylvania – update through September 2020

Natural gas production came in at about 19.5 Bcf/d in August (after upcoming revisions), almost touching the high in November last year. Only 382 horizontal wells were brought online this year through August, the lowest number in a decade.

Pennsylvania – update through August 2020

Natural gas production came in at about 19.5 Bcf/d in August (after upcoming revisions), almost touching the high in November last year. Only 382 horizontal wells were brought online this year through August, the lowest number in a decade.

Pennsylvania – update through July 2020

Natural gas production jumped almost 1 Bcf/d higher in July to 19.2 Bcf/d, nearing the record set in November last year  (19.6 Bcf/d). Prices also started to recover in July, from the ultra-low level in June ($1.63/Mcf). Almost 60 wells came online, vs. just 32 in the month before.

Pennsylvania – update through June 2020

Natural gas production fell by 0.4 Bcf/d in June to 18.4 Bcf/d, after a slightly larger drop in the month before. Year-over-year growth was just 0.15 Bcf/d. Natural gas prices hit a record low in June of just $1.63 per Mcf, the lowest so far in the 21st century. Only 32 new wells were brought online in June, compared with 56 a year earlier.