Gas Wells in PA Up; Revenue to Towns Down

Gas Wells in PA Up; Revenue to Towns Down

While the number of natural gas wells in Pennsylvania increased by 26% to 5,500 this year, revenues from fees to municipalities are down.  The culprit? The low price of natural gas.  But in rosier news, gas prices have increased 50% to almost $4.00 from about $2.00 last August.

http://www.foxbusiness.com/news/2013/04/04/natural-gas-futures-climb-after-eia-reports-inventory-draw/

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About cberl

Chris Berl is President and CEO of Restroom Direct and Managing Director of Bavada.com. Both companies specialize in the sales of commercial restroom accessories and hand dryers. Chris is also a Director at Hoyt Royalty which is a family run enterprise managing mineral rights in the Marcellus Shale region of Pennsylvania.