Wednesday, November 21, 2007

Canadian Natural Gas Reserves Up in 2007

Western Canada's natural gas reserves have not gone into decline yet, according to the Canadian Association of Petroleum Producers' (CAPP) latest estimate.

The group's annual tally shows Canada's natural gas reserves as of Dec. 31 last year increased marginally to 58.2 trillion cubic feet, with additions replacing about 104% of 2006 production.

In fact, Canada's natural gas reserves have remained relatively flat for the past seven years, despite rising production.

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