Forecasting an excellent 2001, Houston-based Ocean Energy outlined its latest forecast Thursday, and announced it has completed the acquisition of Texoil Inc., which is expected to greatly impact 2001 operations.
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Ocean Energy Updates Production Forecast
Forecasting an excellent 2001, Houston-based Ocean Energyoutlined its latest forecast Thursday, and announced it hascompleted the acquisition of Texoil Inc., which is expected togreatly impact 2001 operations.
Study Forecasts a Larger, More Diversified Demand Scenario
In a new study forecasting gas supply and demand over the next15 years, GRI said demand will reach 32.7 Tcf by 2015, but theindustry will have to adapt to changing consumption patterns inorder to take advantage. The results of the report, titled “GRIBaseline Projection of U.S. Energy Supply and Demand to 2015, 2000Edition,” were released last week at the National Press Club.
GRI Study: Bullish Despite Changing Landscape
In a new study forecasting gas supply and demand over the next15 years, GRI said demand will reach 32.7 Tcf by 2015, but theindustry will have to adapt to changing consumption patterns inorder to take advantage. The results of the report, titled “GRIBaseline Projection of U.S. Energy Supply and Demand to 2015, 2000Edition,” were released Tuesday at the National Press Club.
NPC Study Predicts 32% Gas Demand Increase
Members of the National Petroleum Council (NPC) overwhelminglyapproved a report last week by its natural gas committeeforecasting a 32% increase in gas demand over the next decade, andsaying the nation could get that gas for 40 to 50 cents less ifproducers are allowed to access currently restricted areas.
NPC Vows to Act on Gas Report Findings
Members of the National Petroleum Council (NPC) overwhelminglyapproved a report yesterday by its natural gas committeeforecasting a 32% increase in gas demand over the next decade.Titled “Meeting the Challenges of the Nation’s Growing Natural GasDemand,” the study will be used as a platform for member companiesto lobby for increased access to protected producing areas, morecomprehensive research and development projects and increasedfunding.
EIA Sees Slow Increase for Natural Gas Prices
The Energy Information Administration (EIA) in its Annual EnergyOutlook 1999 released Tuesday is forecasting only a gradual 0.8%average annual rise in natural gas wellhead prices through 2020.Prices will go from $2.23/Mcf in 1997 to $2.68 in 23 years later.