For fifth year in a row, proved gas reserves rise in 2003: US EIA
Washington (Platts)--22Sep2004
Proved reserves of gas increased for the fifth year in a row in 2003, the US Energy Information Administration reported Wednesday. In its advance summary of the 2003 oil, gas and gas liquids reserve report, EIA noted that US reserves increased by 1% last year. The lion's share of total discoveries were attributed to extensions of existing conventional and unconventional gas fields, it said, adding that reserve additions replaced 111% of 2003 gas production. US gas production remained almost level in 2003 as declines in the US Gulf of Mexico and New Mexico were offset by production increases in the Rocky Mountain states and Texas, said the report, noting that those increases were "driven by continuing development of unconventional gas fields" in tight sands, shales and coalbeds. Significant reserves were added in the Powder River and Green River basins in Wyoming, as well as in the Wattenberg Field and San Juan Basin in Colorado and New Mexico, EIA said.
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