Abstract
Abstract The natural gas industry has had a unique and exciting growth record since the inception of the high pressure long distance pipelines in the early 1930's. From a very limited requirement for natural gas in 1930 the total United States market has grown steadily, until in 1966 we produced and consumed slightly less than eighteen trillion cubic feet of gas. But is this the end? Is it true, as some have speculated, that the majority of the future energy requirements in this country will be satisfied not by natural gas but by nuclear energy, electricity, solar energy or other presently unknown sources of potential energy? The Future Requirements Committee, a group made up of transmission and distribution company executives, believes otherwise. They have predicted that by 1975 the energy market in the United States will require 25.5 trillion cubic feet of natural gas per year, and by 1990 this requirement will increase to 36.0 trillion cubic feet per year. In cumulative figures this means that from the end of 1967 through 1990 the natural gas industry must discover and produce over 625 trillion cubic feet of natural gas if it is to serve this total requirement. With the very large marketing area of the inter and intra-state transmission pipelines presently taking gas from the Permian Basin and the interest of other major pipelines in Permian Basin gas reserves it might appear that the market potential of deep Delaware Basin reserves is rather academic. Perhaps the real question should be, can the Deep Delaware Basin supply all of the gas reserves which will be demanded of it?
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call