Ziff Energy, a division of HSB Solomon Associates LLC, today announced the release of its US and Canadian Gas Reserve Replacement for 2013 report that analyses publicly available data for 2013 US and Canadian gas reserve replacement rates, as well as gas reserve life indices for the top 30 producers.
The data utilized represents half of the US gas production and three quarters of Canadian gas production, a reasonable indication for the industry as a whole. The results indicate that more than full reserve replacement in both countries has been achieved, a strong comeback from the negative reserve replacement results in 2012.
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