OPEC
Shale Law Weekly Review – March 9, 2020
Production and Operation: Pennsylvania Quarterly Natural Gas Report Shows Continued Increase in Production
On February 26, 2020, the Pennsylvania Independent Fiscal Office released the Natural Gas Production Report for the fourth quarter of 2019. While the report shows an overall increase in production from the fourth quarter in 2018, the 7.6 percent increase equates to the “lowest growth rate in over two years.” More specific data shows that all of the growth comes from wells that were spudded in 2018. The number of horizontal wells increased by 8.3 percent in the last year, and horizontal production increased by 26.8 percent in […]
