Documente Academic
Documente Profesional
Documente Cultură
Offshore
Offshore Technology
Technology Conference
Conference 2004
2004
Houston,
Houston, Texas
Texas
May
May 4,
4, 2004
2004
Presented
Presented By:
By:
Matthew
Matthew R.
R. Simmons
Simmons
For Too Long Natural Gas Was
The Ugly Duckling
Natural Gas:
Could not be transported
Could explode
Was priced as waste
Was flared or stranded
Was considered scarce
“miracle sources”. 45
bcf/d
– Lady Fern / Sable Island 35
– Coal-bed methane
– Section 29 tight sand gas 20
1990 1994 1998 2002
– Deepwater gas
December/January 2000-2001:
$10 gas became gas crisis.
Investment Bankers
to the
nergy
Industry