Natural gas has eight years left - Discussion Nov. 2

Tuesday, October 31, 2006

At our November 2 meeting of the Madison Peak Oil Group, we'll discuss an article on natural gas procution in Canada, a major natural gas supplier to the U.S.

Statistics from the Canadian Association of Petroleum Producers (CAPP) concerning confirm the peak of natural gas in North America:

Look at the number of wells drilled by year, followed by production for that year:

1997: 4,842 – 15.7 Bcf/d;
1998: 4,991 – 16.1;
1999: 7,018 – 16.6;
2000: 9,078 – 17.1;
2001: 10,757 – 17.4;
2002: 9,061 – 17.4;
2003: 12,951 – 16.9;
2004: 15,126 – 17.0.

The figures show that 15,126 natural gas wells produced only 1.3 billion cubic feet per day more in 2004 than 4,842 produced in 1997.

Fuel analyst David Hughes concluded that North America peaked in terms of conventional natural gas production in 2001–2002.

Read more at The Republic.

The Madison Peak Oil Group will meet for a brown bag lunch and discussion at 12:00 noon in the conference room of RENEW Wisconsin, 222 S. Hamilton, Madison.

The meeting is open to anyone.