Canadian national gas exporters foresee end of price slump

Journal Article · Mon Jun 08 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5050636

Canadian natural gas producers exporting to the U.S. market see a faint glimmer of light at the end of a long, dark tunnel. Prices hit a 14 year low at the end of 1991 as a persistent glut sparked fierce competition among producers for spot market sales. Crude oil drilling activity topped gas drilling in 1991 for the first time in several years as explorers pulled back in the face of weak prices. This paper reports that the industry's problems have been compounded by a long-running and still unresolved dispute with state regulators over pricing and pipeline access for the California gas market. Despite these negatives, a number of recent industry studies now paint a moderately optimistic scenario of increasing demand and a halt to the steady decline in prices between now and 1995. The Calgary-based Canadian Energy Research Institute (CERI) released a study this spring indicating the gas surplus in western Canada is steadily dissipating.

• OSTI ID: 5050636
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:23; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
CANADA
COMPETITION
DEVELOPED COUNTRIES
DOCUMENT TYPES
DRILLING
ENERGY SOURCES
EXPORTS
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
MARKET
NATURAL GAS
NATURAL GAS INDUSTRY
NORTH AMERICA
PETROLEUM INDUSTRY
PRICES
REVIEWS
SUPPLY AND DEMAND
TRADE
USA
WELL DRILLING