AGA sees full replacement of gas reserves

The American Gas Association reports U.S. additions to proved gas reserves during 1997 are expected to be 96- 120% of production. Chris McGill, AGA gas supply and statistics director, said, "This indication of strong 1997 reserves replacement comes at a time when long-term natural gas growth is expected to reach 30 tcf by 2015. "To meet the requirements of robust growth in gas markets, annual additions to gas reserves through drilling must also remain strong, balancing new sources of natural gas with domestic production each year. "Based on an analysis of the top 30 natural gas reserve holders, AGA estimates that 1997 natural gas reserve additions, which include new disco...

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