OGJ Newsletter

04/11/2005
General Interest—Quick TakesAGA: Gas reserves additions exceed outputEstimates of US natural gas reserves for yearend 2004 are expected to exceed 190 tcf for the first time since 1986, yet producers still are "running in place" to keep up with demand, the American Gas Association said.In its Preliminary Findings Concerning 2004 Natural Gas Reserves, AGA said US producers added 24.1-32.7 tcf last year while producing 18.8 tcf.The study calculated US reserves addition and production estimates from financial reports from 30 publicly traded companies that hold large gas reserves.More than 23,000 gas wells were completed in the US last year, a record. Of 2004 gas production, the 30 holde...
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