Potential Natural Gas Resource Research Articles

Potential Resources of Natural Gas in United States--Case History of Potential Gas Committee: ABSTRACT

Since the early 1960s the Potential Gas Committee (PGC) has been preparing periodic estimates of potential resources of natural gas in the United States. The committee operates independently from any other group, either industry or government, and its published estimates represent the consensus of the working members who are organized into committees, one for each major producing area of the United States. Over the years, many different people have participated. The total U.S. natural gas resource consists of cumulative past production plus present proved reserves plus undiscovered potential resources. The work of the PGC involves the estimation of the potential resources only. With time the various components of the total recoverable resource should reflect a gradual shi t from the potential category through proved reserves into production. Indeed, as the cumulative production in the United States has increased and the proved reserves have gradually decreased in recent years, the potential estimated independently by the PGC has changed gradually and the estimate of the total recoverable resource has remained remarkably consistent. Within individual areas the estimate of the undiscovered potential has shifted rather markedly, but the overall picture for the entire country has varied within close limits. Variations in the estimate of potential for the individual areas can be attributed to the progress of exploration and the exploration philosophy of the members of the committee. End_of_Article - Last_Page 478------------