AGA: U.S. GAS RESERVE ADDITIONAL LAG PRODUCTION

05/04/1992
The American Gas Association estimates 1991 U.S. natural gas reserve additions were only 65-79% of production, compared with a 96% average for 1981-90. Michael Baly, AGA president, said, "This reduction in natural gas 'on the shelf' inventory is a natural response in an industry with surplus deliverability. "This is not a scenario for short term deliverability problems. "Increases in storage, pipeline construction, and greater flexibility throughout the industry will ensure stable, reliable gas service. "The natural gas industry is operating in a less regulated environment, has a huge resource ba...
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