Pennsylvania Continues to Lead the Way in Natural Gas Production

According to the U.S. Energy Information Administration (“EIA”), Pennsylvania has seen the biggest gain in U.S. natural gas production and production is expected to continue to rise.

The EIA’s Natural Gas Annual indicates that the marketed production of natural gas reached more than 4.8 million cubic feet in 2015, an increase from 4.2 million cubic feet the previous year. By the end of 2015, Pennsylvania had more than 68,000 producing gas wells, up by nearly a thousand from 2014.

There has been record natural gas production levels for five straight years, despite current low natural gas prices.

Click here to read the entire Pittsburgh Business Times article.

 

 

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U.S. Natural Gas Production – The Good News Is…..

The Marcellus Shale and Pennsylvania led the way in U.S. natural gas production in 2015. According to the U.S. Energy Information Administration, Pennsylvania had record daily average figures last year with 79 billion cubic feet produced per day – up five percent from the year prior. Pennsylvania was the second highest gas producing state with Ohio and West Virginia coming in closely behind.

Unfortunately, the state’s 2015 growth was less than the growth reported in 2014 over 2013. Drops in natural gas prices and cutbacks in rigs and employment led to a decrease in growth in the Marcellus and everywhere else. Some positive news – overall production is trending upward.

Click here to read the entire Pittsburgh Business Times article.