US natural gas resource level repeats record

By OGJ editors
HOUSTON, Apr. 28
-- The US has an undiscovered natural gas resource potential of 1,898 tcf—the highest level in the 46-year history of the Potential Gas Committee, PGC said.

The 2010 biennial assessment is 61 tcf higher than the previous record yearend 2008 figure.

US gas reserves and estimates of undiscovered resources continue to grow due to the emergence and advancement of key technologies that are able to unlock gas production from sources such as shale formations, said PGC and the American Gas Association.

When the PGC’s results are combined with the US Department of Energy’s latest available determination of dry gas proved reserves, which were 273 tcf at the end of 2009, the US has a total available future supply of 2,170 tcf, or 89 tcf more than the previous evaluation.

The PGC’s end-2010 assessment of 1,898 tcf includes 1,739 tcf of gas attributable to “traditional” reservoirs (conventional, tight sands and carbonates, and shales) and 159 tcf in coalbed reservoirs.

John B. Curtis, professor at the Colorado School of Mines and director of the Potential Gas Agency, said, “The PGC’s yearend 2010 assessment reaffirms the committee’s conviction that abundant, recoverable natural gas resources exist within our borders, both onshore and offshore, and in all types of reservoirs—from conventional, tight and shales, to coals.”

The 1,739 tcf traditional resource is distributed as 537 tcf of probable gas in existing fields, 688 tcf of possible gas in new fields, and 518 tcf of speculative gas in frontier areas. The 159 tcf coalbed resource is distributed as 13 tcf of probable gas in existing fields, 48 tcf of possible gas in new fields, and 96 tcf of speculative gas in frontier areas.

The 1,898 tcf assessment included 687 tcf of shale gas, up from 616 tcf of shale gas at the end of 2008, PGC said.

Geographically, the PGC tallied 506 tcf of traditional gas in and off the Gulf Coast, 354 tcf in Atlantic states, 344 tcf in the Rocky Mountains, 272 tcf in the Midcontinent, 54 tcf in Pacific states, and 22 tcf in North Central states. It divided the coalbed gas 52 tcf in the Rockies, 17 tcf in Atlantic, 12 tcf in North Central, 8 tcf in Midcontinent, and 3 tcf each in Gulf Coast and Pacific.

Related Articles

Lone Star begins construction on third Mont Belvieu frac unit

11/06/2014 Lone Star NGL LLC, a joint venture of Energy Transfer Partners LP (70%) and Regency Energy Partners LP (30%), both of Dallas, has begun constructio...

AMP acquires Costar Midstream for $470 million

10/15/2014 American Midstream Partners LP (AMP), Denver, has acquired Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for $470 ...

Exterran joins Woodford Express to build Oklahoma gas plant

10/14/2014 Exterran Holdings, Houston, will join Woodford Express LLC, a subsidiary of Xplorer Midstream LLC, Oklahoma City, to build a 210-MMcfd natural gas ...

EIA: US industrial gas demand to rise 4% in 2015

10/03/2014 Relatively low prices of natural gas have contributed to steady increases in US industrial gas consumption since 2009, especially as a feedstock fo...

Bill Barrett to divest Powder River, Piceance properties

09/16/2014 Bill Barrett Corp., Denver, reported that it has agreed with several undisclosed buyers to sell the majority of its Powder River basin acreage and ...

AAPG ICE: Turkey sees early shale oil development

09/15/2014 Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940. While Texas’ oil hi...

AAPG ICE: ExxonMobil outlines international approach to unconventional development

09/15/2014 Global energy demand is expected to increase 35% to 2040, translating to 120 billion boe/year, or nearly 350 million boe/d, stated Rocky Becker, vi...

WRI: Shale oil, gas face tight competition for water

09/03/2014 Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic f...

Canadian firms plan BC gas plant, target LNG export

08/19/2014 AltaGas Ltd. and Painted Pony Petroleum Ltd., both of Calgary, have agreed to develop processing and marketing of natural gas and NGLs for Painted ...

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected