Saturday December 25, 2004

Peak Gas, Canada ... ?

Is Canadian gas peaking? From the tables (below), it looks like they're drilling thousands of new wells but production is staying flat!

Canadian Natural Gas Wells Completed 2004*

Month     Wells Completed   % Change Same
                              Month 2003
January       1,659              107%
February        665                8%
March         1,192               20%
April         1,511               55%
May           1,258               63%
June            998               23%


Canadian Natural Gas Production 2004*

Month    Production (bcf)   % Change Same
                              Month 2003
January        536                -1%
February       489                 2%
March          505                -3%
April          495                 2%
May            490                 3%
June           458                 1%


* Source: Natural Resources Canada

From a recent article on FSO by Bill Powers :
http://www.financialsense.com/editorials/powers/2004/1222.html

(2004-12-25 11:30:34 SGT) [Energy] Permalink

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