Enron sees major increases in U. S. gas supply, demand
- Enron Corp., Houston, TX (US)
Enron Corp., Houston, in an extensive study of U.S. natural-gas supply and demand through the year 2000, has found that the U.S. gas-resource base is 1,200 tcf. Despite current weaknesses in natural-gas prices, demand growth will be strong although affected by oil-price assumptions. This paper reports on highlights in the areas of reserves and production which include gains in both categories in the Rockies/Wyoming, San Juan basin, and Norphlet trends (offshore Alabama). The Midcontinent/Hugoton area exhibits reserve declines in a period of flat production. In the U.S. Gulf Coast (USGC) offshore, both production and reserves decline over the forecast period. These projections are derived from a base-case price of $4.07/MMBTU by 2000. U.S. gas production exhibits a production decline in a low oil-price case from 19 to 16.4 tcf by 2000, if prices are 30% below the base case, that is, $2.93/MMBTU. Gains in commercial gas use are strong under either scenario of a base oil price of $29.80 in 1990 dollars in the year 2000 or a low oil price of $20.50 in 1990 dollars in 2000. Demand for natural gas for power generation grows as much as 1.5 tcf by 2000 in the Enron base case and by 300 bcf by 2000 in the low crude-oil price case.
- OSTI ID:
- 5569160
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:40; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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020700 -- Petroleum-- Economics
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03 NATURAL GAS
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29 ENERGY PLANNING, POLICY, AND ECONOMY
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DEVELOPED COUNTRIES
ENERGY SOURCES
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
NATURAL GAS
NATURAL GAS INDUSTRY
NORTH AMERICA
OFFSHORE OPERATIONS
PETROLEUM
POWER GENERATION
PRICES
RESERVES
RESOURCES
SUPPLY AND DEMAND
US GULF COAST
USA