LOWER 48 GAS RESERVES RISING
Lower 48 gas producers added more reserves than they produced in 1990, American Gas Association says. AGA estimates Lower 48 reserve additions of 17.8-21.5 tcf were 105-128% of production, almost a record high. Its preliminary findings show 70% of the reserve additions were from discoveries and extensions and 30% in existing fields. AGA used data from 30 companies with the largest U.S. gas reserves published in annual reports.