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/