Profiling supply

Chris McGill of the AGA conducted a study entitled Preliminary Finds Concerning 1994 Natural Gas Reserves. The study estimates that natural gas reserve addition in the US will be between 105% and 137% of production for 1994. With 38% of US proved reserves and 52% of 1993 production, the Gulf Coast a...

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Bibliographic Details
Published inAmerican Gas Vol. 77; no. 5; p. 36
Main Author Bernhardt, Todd
Format Trade Publication Article
LanguageEnglish
Published Arlington American Gas Association 01.06.1995
Subjects
Coalbed methane
Forecasts
Gas industry
Natural gas exploration
Natural gas reserves
Natural gas supply
Oil reserves
Petroleum industry
Polls & surveys
United States > US
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Summary:Chris McGill of the AGA conducted a study entitled Preliminary Finds Concerning 1994 Natural Gas Reserves. The study estimates that natural gas reserve addition in the US will be between 105% and 137% of production for 1994. With 38% of US proved reserves and 52% of 1993 production, the Gulf Coast and Gulf of Mexico remain the pre-eminent natural gas-producing regions in the US. In 1993, fifty-six percent of all extensions to existing fields and an eye-opening 91% of all new-field gas discoveries in the US were in the state and federal waters of the Gulf of Mexico and the onshore portions of the Gulf, primarily Texas and Louisiana. This trend should continue well into the future, according to McGill. More deepwater projects are planned due to improved platform technology and geologists believe the areas hold almost 200 trillion cubic feet of gas. The mid-continent and Rocky Mountain areas of the country also hold significant E&P potential, adds McGill. Details of other regions of the US are discussed.
ISSN:1043-0652