PA Environment Daily
FEBRUARY 26, 2024
On February 26, the Independent Fiscal Office reported 2023 Pennsylvania natural gas production was up 1.0% over 2022, thanks to a 4.5% increase in the fourth quarter, but production is still below 2021 numbers. Low natural gas prices throughout the year were driven by high inventory levels and mild weather.
Union of Concerned Scientists
DECEMBER 5, 2022
Reliance on fossil natural gas and the slow adoption of renewable energy contributed to electricity bills in New England in the first nine months of 2022 that are $5 billion higher than the prior year. The graphs show very similar patterns, because higher gas prices drive higher electricity prices.
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PA Environment Daily
MARCH 13, 2024
On March 13, 2024, the US Energy Information Administration posted an article describing how winter storms disrupt US natural gas production. Over the last four winters, winter storms Uri (February 2021), Elliott (December 2022), and most recently, Heather (January 2024) interrupted weekly U.S.
PA Environment Daily
MAY 31, 2023
On May 31, the Independent Fiscal Office released its first quarter 2023 report on unconventional shale gas production in Pennsylvania showing quarterly production is down 118 billion cubic feet since the fourth quarter peak in 2021. When exports of LNG natural gas were in demand by Europe, prices spiked there and in Pennsylvania.
PA Environment Daily
MARCH 2, 2023
On March 2, the Independent Fiscal Office issued a report on fourth quarter 2022 natural gas production in Pennsylvania showing a 1.6% decline in production from 2021 and a 5.1% decrease from the fourth quarter of 2021. Although the IFO reported the average price of natural gas increased 82.5%
PA Environment Daily
DECEMBER 5, 2022
On December 5, the Independent Fiscal Office reported third quarter natural gas production in Pennsylvania declined by 0.8% over 2021, the third consecutive quarter in which production did not increase year-over-year. There were 158 new horizontal wells spud (drilled) in the third quarter of 2022. from the prior year.
Environment + Energy Leader
MAY 11, 2023
Samsung Heavy Industries is on a roll, having netted roughly $12 billion in sales in 2021 and $9.4 billion in 2022 — the same goal for 2023. Asia and Europe are thirsty for the liquefied natural gas its ships carry, mainly because their domestic manufacturers are paying high prices for natural gas.
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