Pennsylvania’s natural gas production declined by 5.1% in the final quarter of 2022, the largest year/year decline since monthly production data began,
The good news for gas buyers is that weekly prices worked another 18 cents lower to $3.72 according to the NGI Weekly Spot Gas National Average for the week ended July 25. The bad news is that for unhedged physical market longs the pace of weekly declines is accelerating. For the week ended July 18 the market fell 11 cents to a national average of $3.90.
Unconventional natural gas production in Pennsylvania declined again in the second quarter, according to the state’s Independent Fiscal Office (IFO). The