CANADIAN GAS RESERVES JUMP

Canadian natural gas reserves increased 60% in 1989, but conventional crude oil reserves dropped more than 4%, the Canadian Petroleum Association reports. CPA said conventional crude reserves at the end of 1989 were an estimated 4.7 billion bbl. Synthetic crude reserves increased to 2 billion bbl, due mainly to an increase in capacity at the Syncrude Canada Ltd. plant in northern Alberta. Pentanes plus increased 7% to 866 million bbl. Natural gas reserves were estimated at 96.9 tcf at the end

July 30, 1990

Canadian natural gas reserves increased 60% in 1989, but conventional crude oil reserves dropped more than 4%, the Canadian Petroleum Association reports.

CPA said conventional crude reserves at the end of 1989 were an estimated 4.7 billion bbl. Synthetic crude reserves increased to 2 billion bbl, due mainly to an increase in capacity at the Syncrude Canada Ltd. plant in northern Alberta.

Pentanes plus increased 7% to 866 million bbl.

Natural gas reserves were estimated at 96.9 tcf at the end of 1989.

The annual reserves study said only 54% of conventional crude produced in 1989 was replaced by new reserves.

The increase in gas reserves stemmed from revisions in estimates and aggressive gas exploration in western Canada.