Escolar Documentos
Profissional Documentos
Cultura Documentos
February 5, 2010
Resource Triangle
Increased operating challenges
Conventional
resources
Improved technology
Shale Gas
Gas hydrates
1
Canadian Natural Gas Resources
Conventional and New Sources
Additional Non-Conventional
Natural Gas Resources
Northern Canada, 116 Tcf
British Columbia (in place):
CBM ~ 100 tcf
Tight >300 tcf
Shale >250 tcf
W C S B C o n v e n t io n a l Gas
Resources REMAINING, Alberta (in place):
146 Tcf
CBM ~ 500 tcf
2
Unconventional Natural Gas Basins
• Technology has
unlocked vast
supplies of shale
gas across North
America
• Robust supply
outlook for
unconventional gas
• Game changing for
the natural gas
industry
• Reserves
• Economics
• Location
• Technology
• US shale gas is
close to market
Source: TransCanada
3
Key Characteristics of Canadian/US Shales
Source: TransCanada
4
Horizontal Well with Multi-stage Fracturing
Source: Encana
Multi-stage Fracturing
5
Shale Gas Production Outlook – Canada & US
Source: TransCanada
25
20
15
Billion cubic feet/day
Mackenzie/Beaufort Sea
Coalbed Methane
Conventional Gas
0
2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2011 2 0 1 2 2013 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2020
Sources: CAPP
6
North American Natural Gas Pipelines and
2009 Exports to the US (bcf/day)
Alaska
Alaska Natural
Natural
Gas
Gas Pipeline
Pipeline Mackenzie
Mackenzie Valley
Valley
Pipeline
Pipeline
TransCanada
Alberta
Westcoast (NGTL)
A NG/
Pacific NW TransCanada Transmission
Foothills
1.5 bcf/d Alliance Mainline
Northwest Northeast
2.6 bcf/d M&NE
Foothills
PGT Great TQ&M
Northwest Northern
Lakes
Border
Central IroquoisPNGTS
PG&E Kern 3.7 bcf/d t or CNG
River Trailblazer V ec Algonquin
California A NR
1.1 bcf/d NGPL Panhandle
Transwestern Texas
SoCal A NR
El Paso NGPL Eastern
Transcontinental
El Paso
18
Natural gas prices
deregulated in 1985
15
12 Canadian Demand
billion cubic feet per day
6
Exports to U.S.
3
0
1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009
7
Canadian and US Natural Gas Prices
16
14
12
10
US$/MMBtu
4 September 2009
was the lowest price
2 since August 2002
AECO NYMEX
0
Jul'05
Jul'06
Jul'07
Jul'08
Jan'06
Jan'07
Jan'08
Jan'09
Jul '09
Jan'05
Jan '10
Source: CAPP Natural Gas Report