Are The U.S. Gas Markets Headed Fob Ei Disaster?
Raymond James Energy Group Wayne Andrews
RAYMOND JAMES
& ASSOCIATES, INC. Member New York Stock Exchange/S1PC
Raymond James Energy Group (800) 945-6275 October 2002
Wayne-AndrewsgRaymondJames.com
Key highlights include:
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Natural Gas Supply Concerns:
- Declining production rates of U.S. gas supply.
- Challenges in reversing the downward production trends without increased drilling and technological advancements.
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Production Data:
- Statistics showing year-over-year reductions in gas production during the early 2000s.
- Analysis of drilling rig efficiency and their impact on maintaining production levels.
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Technological Impact:
- Advances in technology have improved reserve discovery and recovery rates but face diminishing returns in complex and deeper reserves.
- Examples of successful gas field discoveries using new technologies.
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Future Outlook:
- Discussions on whether the natural gas resource base is fixed or dynamic.
- Projections highlighting the role of innovation in sustaining and growing production.
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Economic and Environmental Factors:
- The necessity of increased investment in R&D to convert challenging reserves into economic supply.
- Balancing affordability and sustainability of gas prices with rising demand and production complexities.
The document also includes references to industry presentations and research publications by experts, such as Vello A. Kuuskraa, discussing unconventional gas resources and their implications.
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