Encana Corp. has launched a plan to sell its 52,000 net acres of property in the Barnett Shale of North Texas, which currently produce 125 MMcfe/d.
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Canadian Gas Imports Expected to Decline 4% through ’03, But Analysts See ‘Opportunities’
Not only has Canadian natural gas production peaked, but it has been declining at an annualized rate of 5% over the past three months, and gas imports to the United States could be down an estimated 4% (0.5 Bcf/d) through 2003. Still, opportunities exist for exploration and production companies, according to analysts.
July 7, 2003
Canadian Gas Imports Expected to Decline 4% through ’03
Not only has Canadian natural gas production peaked, but it has been declining at an annualized rate of 5% over the past three months, and gas imports to the United States could be down an estimated 4% (0.5 Bcf/d) through 2003, according to a new report by Raymond James’ energy analysts.
July 1, 2003
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