U.S. gas resource base decline seen in 1998

PGC's gas resource base decline seen in 1998 [98,784 bytes] The Potential Gas Committee has estimated that the U.S. natural gas resource base has slipped to 1,205 tcf, or a 63-year supply at current production rates. PGC estimated the yearend 1998 gas resource at 1,038 tcf, excluding proved reserves but including 896 tcf attributable to traditional reservoirs and 141 tcf in coalbed methane reservoirs. It said that, compared with yearend 1996, traditional resources decreased 2.7%, and the coalbed methane resource declined by 3.4%. However, according to PGC estimates, future U.S. gas supplies in- creased during the 1990s. The total gas resource base i...

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