Prices, regs keys to meeting U.S. gas demand

North American basins have huge remaining natural gas potential, but questions remain whether economics and the regulatory climate will allow deliverability to meet projected U.S. gas demand. That was the message delivered by several speakers at a recent Canadian Energy Research Institute (CERI) gas outlook conference in Calgary. The same issue was the focus of a recent Ziff Energy seminar in Houston (see related story, this page). Deliverability shortfall Joe Foster, chairman of the National Petroleum Council and CEO of Newfield Exploration Co., Houston, is confident the industry will rise to the challenge of meeting projected U.S. demand of 30 tcf/year in 2010 (Fig. 1 [...

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