Pa. natural gas production increases 2.8% in Q2
Friday, August 28, 2020
Natural gas production increased by 2.8% in Pennsylvania during the second quarter of this year, according to data released by the Pennsylvania Independent Fiscal Office.
The slight increase in production is the lowest growth rate in more than three years, according to Kallanish Energy.
Production in the state was 1,717 billion cubic feet in the quarter, which is down from 1,766 billion cubic feet in the first quarter of 2020.
Additionally, a total of 113 wells were spud in Pennsylvania in 2Q 2020, down 31.1% from the 153 wells spud in 1Q 2020. Pennsylvania has a total of 10,056 wells including 9,584 horizontal wells in the Marcellus Shale and other formations.
Learn more: Kallanish Energy > Pennsylvania natural gas production climbs 2.8% in quarter
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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