ERCB: LOW PRICE WON'T TAP GAS RESOURCE
Alberta has a huge natural gas resource, but much of it will stay in the ground unless prices increase substantially, says the province's Energy Resources Conservation Board. Imperial Oil Ltd. earlier sounded much the same kind of warning on Alberta crude oil (OGJ, June 8, p. 97). In a detailed study, ERCB said an additional 136 tcf of gas could be found in Alberta. That potential is 20% up from previous estimates. It would more than double existing reserves of 59 tcf.