AGA: U.S. GAS RESERVE ADDITIONS SHOW A DECLINE

05/17/1993
The American Gas Association reports U.S. gas reserves additions amounted to 70-86% of production in 1992. Mike Baly, AGA president, said although the level was less than the 90% reserve replacement average of the past 10 years, the total was strong considering fluctuating rig counts and low gas well completion levels. AGA said 71% of 1992 reserve additions were from gas discoveries and extensions, while only 29% came from revisions of estimates for existing fields. Total proved reserve additions may amount to 12-14.8 tcf. The U.S. had 167 tcf of proved gas reserves in 1991. The Department of Energy estimates total gas...
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