MMS ups Gulf of Mexico deep gas reserves estimate

12/01/2003
The US Minerals Management Service increased its estimate of "technically recoverable" deep natural gas reserves on the Outer Continental Shelf of the Gulf of Mexico to 15-55 tcf from previous estimates of 5-20 tcf, based on new data from wells drilled below 15,000 ft in the last 2-3 years and reinterpretation of previous data."When you look at the two top [comparable estimate] numbers, we're talking about a 175% increase in resource. We think that is very, very significant," said MMS Director Johnnie Burton at a Nov. 19 press conference in Houston. Click here to enlarge imageDeep shelf gas production has increased "by an estimated 137 bcf in the last 2 years alone," while the produc...
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