Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (7271)	4/17/2000 7:27:00 PM
From: Tomas	Read Replies (1) \| Respond to of 24905

Western Canada is Gas Resource of the Future CHICAGO, Apr 17 (energy24.com) - The U.S. gas industry is heading toward a demand of 33 trillion cubic feet by 2015, and the Western Canadian Sedimentary Basin (WCSB) promises to be one of the most bountiful sources of future production, with totals projected to surpass 8 trillion cubic feet, the Gas Research Institute (GRI) says. A study by GRI, ?Gas Resources of the Western Canadian Sedimentary Basin: Implication For Future Activity and Production,? says that the basin has proved to hold a large amount of gas reserves, especially at below 10,000 feet. WCSB, centered around the Alberta region, extends from the Williston Basin in central Canada just north of the U.S. border, to Ft. Liard in southern Northwest Territories and the Foothills area of northern British Columbia. Out of 5,800 billion cubic feet of gas produced in the basin in 1998, 45 percent was from 0-5,000 feet depth; 41 percent between 5,000-10,000 feet; and 14 percent below 10,000 feet. GRI emphasised that the WCSB has a ?very large volume of strata below 10,000 feet and large areas with strata below 15,000 feet.? The WCSB has substantially increased its gas production from 3.6 trillion cubic feet in 1990 to 5.8 trillion cubic feet in 1998, with a projection of more than 8 trillion cubic feet in the next 15 years, GRI noted. Last year, there were 6,345 natural gas wells completed in the basin, a 38 percent increase from the previous year. More than 8,200 gas wells are expected to be completed this year. New pool assessments are the key to future gas production in the WCSB area, the GRI study said. Based on the pool discovery history, GRI estimates 166 million cubic feet of new pool assessment in the area. The 40-year historical growth curve of gas in the WCSB area, based upon existing pools, is 5.1 percent, which yields a reserve appreciation potential of 31.4 trillion cubic feet of total gas, representing 18 percent of proved gas ultimate recovery.