Shaun Polczer, Calgary Herald
Published: Tuesday, June 17, 2008
The amount of natural gas in shale could breathe new life into North American supplies, offsetting declines and decreasing the need to import costly liquefied natural gas from offshore, EnCana Corp.'s CEO said Monday.
Speaking at the Canadian Association of Petroleum Producers' annual investment symposium, Randy Eresman announced two shale discoveries in B.C. and Louisiana that he said could provide the company with major new sources of production in the order of two billion cubic feet per day.
Eresman said shale discoveries have "reversed the situation of decline" in North American gas supplies after similar announcements by Forest Oil, Apache Corp. and EOG Resources in recent months.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment