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.

Pennsylvania – update through May 2020

Natural gas production in this state fell by almost 0.5 Bcf/d in May, a larger decline than is common for this month. Compared with last year, output is still up by 0.6 Bcf/d. At 241, fewer wells came online in the first 5 months of the year than in any such period in the past decade.

Pennsylvania – update through April 2020

Natural gas production remained unchanged at 19.3 Bcf/d in April. Compared with the peak in November (19.7 Bcf/d), production was down by 2%. Only 180 new horizontal wells came online in the first 4 months this year, the lowest number in the past decade.

Pennsylvania – update through March 2020

Natural gas production fell by 1% m-o-m to 19.3 Bcf/d in March, the same level as in January. In the first quarter of this year, 144 wells started production, very much inline with the same period in the previous 3 years.

Pennsylvania – update through February 2020

January gas production was flat m-o-m at 19.3 Bcf/d. Year-over-year growth was 1 Bcf/d, down from 2.5 Bcf/d growth one year earlier. Wells have gotten far more productive in the last decade, as you’ll see in the Well quality tab. However, the rate of improvements has markedly slowed down since 2017.