Recoverable

The Alberta Energy and Utilities Board (AEUB) and Canada’s National Energy Board (NEB) have increased their estimate of the total recoverable conventional natural gas resource in Alberta to 223 Tcf, or up about 7% from the NEB’s estimate in 2004 and 12% more than the last estimate by the AEUB, according to a new joint report by the agencies.

The Alberta Energy and Utilities Board (AEUB) and Canada’s National Energy Board (NEB) have increased their estimate of the total recoverable conventional natural gas resource in Alberta to 223 Tcf, or up about 7% from the NEB’s estimate in 2004 and 12% more than the last estimate by the AEUB, according to a new joint report by the agencies.

A new U.S. Geological Survey (USGS) assessment estimates that there is about 37.5 Tcf of undiscovered but technically recoverable natural gas resources, 478 million bbl of natural gas liquids and 4 billion bbl of oil in the central part of the Alaska North Slope and the adjacent state offshore area.

A new U.S. Geological Survey (USGS) assessment estimates that there is about 37.5 Tcf of undiscovered but technically recoverable natural gas resources, 478 million bbl of natural gas liquids and 4 billion bbl of oil in the central part of the Alaska North Slope and the adjacent state offshore area.

The experts disagree on how much recoverable gas there is in the Rocky Mountains, but economists, E&P and pipeline executives working in the area do agree it is “under explored and under exploited,” with extremely complex geology requiring new technologies that are continuously under development, as well as increased land access and investment in infrastructure.

The experts disagree on how much recoverable gas there is in the Rocky Mountains, but economists and E&P and pipeline executives working in the area do agree it is “under explored and under exploited,” with extremely complex geology requiring new technologies that are continuously under development, as well as increased land access and investment in infrastructure.

The Michigan Public Service Commission (MPSC) has approved an amended gas cost recovery (GCR) plan for Michigan Consolidated Gas Co. (Mich Con), reducing the recoverable amount for 2002 by more than $26 million, and criticizing the company’s policy of decreasing low cost storage reserves to serve customers in 2001 and signing higher fixed priced contracts for 2002.

The Michigan Public Service Commission (MPSC) has approved an amended gas cost recovery (GCR) plan for Michigan Consolidated Gas Co. (Mich Con), reducing the recoverable amount for 2002 by more than $26 million, and criticizing the company’s policy of decreasing low cost storage reserves to serve customers in 2001 and signing higher fixed priced contracts for 2002.

Marathon Oil Co. and Unocal Corp. reported a significant natural gas discovery of about 90 Bcf of gross proven recoverable gas reserves on the Ninilchik Prospect on the Kenai Peninsula, approximately 35 miles south of Kenai, AK. Marathon is operator of the well and the 25,000-acre prospect with a 60% working interest, while Unocal Alaska holds the remaining 40%.