Luncheon – November 3, 2000

Title: Gas in the United States and the World in the 21st Century

Speaker: Dr. M. Ray Tomasson

Date: November 3, 2000

Publication: The Outcrop, November 2000, p. 4

Until recently, gas has been the energy stepchild in much of the world. It is still an under-appreciated commodity globally, principally because it cannot be moved inter-continentally with the same ease and economy as oil. We will examine how that will change.

The United States can be seen as an early energy analog for the rest of the world. We will examine the United States and world resource base with emphasis on gas and describe what is known and what is projected for both gas and oil.

Many predictions have been made historically. How good are we at predicting our oil and gas resource base in the United States and in the world? We will look at this subject through the eyes of an explorationist, and we will examine resource base predictions for the world, the United States and the Rocky Mountain province.

Are we running out of gas? How mature is the United States in terms of conventional and unconventional gas and oil? The case will be made that at this particular time we do not have a shrinking gas resource base but instead have an expanding gas resource base. Of the seven giant fields currently being developed in the Rockies in the last seven years, all had been previously “discovered” but not fully recognized. In every case technical ingenuity has made the difference, and will continue to make a difference as far as we can see into the future.

Finally, we will look at the 21st century and will discuss various general scenarios that may occur.