Volume of natural gas production increasing faster than expected, even with fewer new wells

[tech3149]

2. Absolutely

My limited study of fracking indicates there is a severe drop in output within the first year so there's a better profit to be made by milking the existing wells rather than drilling new. I also understand that there is a lot of sell-off of assets that could only be explained by the realization that there's no future in it.
The only smart move for the state should have been an extraction tax and impact fees. Anything else was a sloppy wet kiss to the extraction indusrty.