Dominion Power 2002 Annual Report Download - page 17

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Dominion Exploration & Production
Canada
Proved Reserves (Bcfe): 822
Daily Production (Mmcfe / day): 162
Gulf Coast
Proved Reserves (Bcfe): 765
Daily Production (Mmcfe / day): 222
Gulf of Mexico
Proved Reserves (Bcfe): 1,104
Daily Production (Mmcfe / day): 297
Appalachian, Michigan Basin
Proved Reserves (Bcfe): 1,001
Daily Production (Mmcfe / day): 159
Mid-Continent
Proved Reserves (Bcfe): 564
Daily Production (Mmcfe / day): 110
Permian
Proved Reserves (Bcfe): 1,328
Daily Production (Mmcfe / day): 182
Rocky Mountain / Other
Proved Reserves (Bcfe): 529
Daily Production (Mmcfe / day): 123
Reserves (Bcfe)
As of December 31st 2002:
6,113
Daily Production (Mmcfe / day)
Year-to-date December 31st 2002:
1,255
Dominion Exploration & Production completed
an active drilling year with more than 6.1 trillion
cubic feet equivalent in proved reserves.
15
Dominion ’02 Annual Report
Bullish on Natural Gas We remain bullish on natural gas and expect long-
term demand to settle in around 26 to 27 trillion cubic feet (TCF) by 2010,
compared to current demand of about 22 TCF. We’re pleased that our Dominion
Exploration & Production unit is one of America’s most prominent producers. It
operates active drilling programs in seven major North American basins, including
the Gulf of Mexico, west Texas and Appalachian regions, among others.
We believe that declining production in the lower 48 states will con-
strict supplies and boost gas prices. Unplanned events—nuclear outages, drought,
higher oil prices, colder-than-normal weather—could reduce gas-storage
inventories.