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Canadian Gas - Decline Sets in.

Posted on October 19, 2007

The decline sets in.Canadaprovides a quarter of all the gas produced in Canada and theU.S.. Ninetyeight per cent of Canadian production comes from theWestern Canada Sedimentary Basin (WCSB), and almost all the rest fromAtlantic Canada.Since the year 2000, total Canadian production has beenmaintained at about 480 million cubic metres per day. This hasbeen achieved only by a very considerable increase in the number of wellsdrilled each year. For details, see a posting I wrote in January. It is evident that such increases cannot be continuedindefinitely. Under these circumstances, when d...

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