"A picture is worth a thousand words"
The changing face of Canada's E&P Industry.
Graph shows an amazing 302 companies have disappeared from the E&P sector of Canada's Oil Industry since 1990, the pace of M&A and the type of companies that made the acquisition has enormous implications for the future strength of this industry. Detailed reviews of Canada's changing oil and gas industry are available through Geo-Help Inc. Find out more by contacting Dave Russum
Canada's future natural gas production
Graph shows a prediction of Canada's future gas production.
***Update (Feb 2003) This graph assumes production from Deep Panuke in 2006 and from the MacKenzie Delta in 2008. The timing of both these projects are now in doubt.
Current production is dominated by Alberta. I have studied all alternative areas and unconventional gas for future gas production and am unable to find sufficient alternative resources that are likely to be developed in a reasonable timeframe. Therefore, I expect production for the forseeable future to continue to be dominated by Alberta.
In Alberta, we are not drilling enough gas wells to sustain current production or pursuing enough exploration opportunites to increase reserves.
Note: For this graph I have assumed Alberta's gas production declines at 5% annually. This is a substantially higher decline rate than has been forecasted by most experts, the actual decline will depend on the quality, quantity and type of wells industry drills in the future together with the level of demand for gas. The challenge for all of us is to ensure that this prediction is not fulfilled!
Geo-Help has developed a comprehensive look at Canada's natural gas supply and demand. Other graphs of interest are available on the subscriber side of this website. Contact Dave Russum for more information.