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IPAA Oil & Gas Producing Industry in Your State - Energy in Depth

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Lake<br />

Porter<br />

LaPorte<br />

Starke<br />

St. Joseph<br />

Marshall<br />

Elkhart<br />

Kosciusko<br />

LaGrange<br />

Noble<br />

Steuben<br />

DeKalb<br />

INDIANA<br />

Newton<br />

Jasper Pulaski<br />

White<br />

Fulton<br />

Cass Miami<br />

Whitley<br />

Allen<br />

Wabash Hunt<strong>in</strong>gton<br />

Wells Adams<br />

Counties with oil and/or gas production<br />

Benton<br />

Tippecanoe<br />

Warren<br />

Founta<strong>in</strong><br />

Montgomery<br />

Vermillion<br />

Parke<br />

Putnam<br />

Vigo<br />

Clay<br />

Owen<br />

Sullivan<br />

Greene<br />

Knox Daviess Mart<strong>in</strong><br />

Pike Dubois<br />

Gibson<br />

Carroll<br />

Cl<strong>in</strong>ton<br />

Boone<br />

Hendricks<br />

Morgan<br />

Howard<br />

Tipton<br />

Hamilton<br />

Marion<br />

Shelby<br />

Johnson<br />

Grant<br />

Blackford<br />

Delaware<br />

Madison<br />

Hancock<br />

Henry<br />

Rush<br />

Decatur<br />

Brown Bartholomew<br />

Monroe<br />

Ripley<br />

Jenn<strong>in</strong>gs<br />

Jackson<br />

Lawrence<br />

Jefferson<br />

Scott<br />

Wash<strong>in</strong>gton<br />

Orange<br />

Clark<br />

Floyd<br />

Crawford<br />

Harrison<br />

Jay<br />

Randolph<br />

Wayne<br />

Fayette Union<br />

Frankl<strong>in</strong><br />

Dearborn<br />

Ohio<br />

Switzerland<br />

VanderburghWarrick<br />

Posey<br />

Spencer<br />

Perry<br />

Background Information<br />

Counties<br />

Number of counties 92<br />

With oil and/or gas production 16<br />

First year of production<br />

Crude oil 1889<br />

Natural gas 1885<br />

Year and amount of peak production<br />

Crude oil — 12,833 thous. bbls. 1953<br />

Natural gas — 3,401 MMcf 2004<br />

Deepest produc<strong>in</strong>g well (ft.)<br />

Crude oil<br />

Natural gas<br />

NA<br />

NA<br />

Year and depth of deepest well drilled (ft.)<br />

1998 8,429<br />

Cumulative number of total wells drilled<br />

as of 12/31/06 (exclud<strong>in</strong>g service wells)<br />

<strong>Oil</strong> wells 6,312 36%<br />

<strong>Gas</strong> wells 1,144 6%<br />

Dry holes 10,274 58%<br />

Total 17,730 100%<br />

Value of <strong>Oil</strong> and <strong>Gas</strong><br />

Average wellhead price<br />

(2006)<br />

Crude oil ($/bbl.) $ 59.31<br />

Natural gas ($Mcf) $ 6.01<br />

Wellhead value of production<br />

(2006, <strong>in</strong> thous. $)<br />

Crude oil $102,666<br />

Natural gas $ 17,555<br />

Total $ 120,221<br />

Average natural gas price<br />

(2006, $/Mcf)<br />

Residential consumers $ 13.07<br />

Commercial consumers $ 1.55<br />

Industrial consumers $ 9.38<br />

Electric utilities $ 7.63<br />

City Gate $ 8.31<br />

Severance taxes paid $1,215<br />

(2006, <strong>in</strong> thous. $)<br />

Cumulative crude oil wellhead value<br />

as of 12/31/06 (thous. $) $3,549,726<br />

INDIANA<br />

Cumulative production & new reserves<br />

as of 12/31/06<br />

Crude NGL Natural<br />

<strong>Oil</strong> (mill. bbls.) Total <strong>Gas</strong> (Bcf)<br />

Reserves 552 NA 552 NA<br />

Production 546 NA 546 NA<br />

44 AMERICA’S INDEPENDENT COMPILED BY <strong>IPAA</strong> FEBRUARY 2009

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