MMS ups Gulf of Mexico deep gas reserves estimate

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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