Latest CSG Industry Snapshot – How has it changed, what does it look like, what is planned?
The latest Underground Water Impact Report (UWIR 2019) was finalised by the Department of Environment and Science and released in November 2019. It provides an important snapshot into the coal seam gas (CSG) industry and the gas companies’ plans for future development. With the recent plummet in oil and gas prices, the figures and planned development for CSG will no doubt change. However the UWIR 2019 still provides useful industry insight. Since 2016, the area of existing and planned CSG production in the Surat cumulative management area (CMA) (which includes the Surat and Bowen Basins) has expanded by about 17%. Currently, there are approximately 6,800 CSG wells within existing production areas. According to UWIR 2019, this is projected to increase…