Future of crude oil and natural gas productionInteresting article on projected increase/decrease in crude/natural gas production.
Not so 'rosy" future for Peyto unless we get pipelines built:
"CERI foresees a much darker future for natural gas than oil, with rising production from shale gas wells in the U.S. replacing western Canadian gas in its traditional markets of Eastern Canada, the eastern U.S. and, eventually, mid-continent U.S. Gas production will fall from current levels of about 16.5 billion cubic feet per day to about 15.4 bcf/d over the next two decades unless LNG export facilities are built to send gas to new markets overseas, Fogwill said.
About 14 liquefied natural gas processing facilities have been proposed for the West Coast but none are being built as yet. CERI calculates that two LNG terminals would add about five billion cf/d to demand for gas mainly from Alberta and B.C.
The picture for natural gas could get even worse if oilsands producers succeed in their goal of reducing the amount of gas they burn to create steam to produce bitumen, Fogwill said."
Link: https://globalnews.ca/news/4283815/canada-oil-production-forecast/