OGJ Newsletter

02/27/2006
General Interest - Quick TakesWoodMac sees growth in Rockies gas reservesNatural gas reserves in the US Rocky Mountain region are expected to exceed 130 tcf by 2030 if growth continues at the rate indicated by 30 years of statistics, energy consultant Wood Mackenzie Ltd. said.Rocky Mountain volumes currently account for more than 31% of Lower 48 proved gas reserves, WoodMac said in its report.The US Energy Information Administration reported Rocky Mountain proved gas reserves rose to 57.5 tcf at yearend 2004 from 19 tcf in 1977.Of the increase, 90% came from extensions and revisions, predominantly in three states: Wyoming, western New Mexico, and Colorado, WoodMac said, calling the region...
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