Mr. Erik Milito - The House Committee on Natural Resources ...

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3.3 January 2012 Increased Production Would Lead to Increased Employment Oil and gas exploration and development is an important part of the regional economy. Freeing up federal lands for that purpose would be a boon to the western states by paving the way for job creation. Expanding the energy productivity of federal lands would drive increased drilling activity—which in turn would mean more jobs. <strong>The</strong>re is a clear relationship between increased permitting and drilling activity, as seen in Figure 14. Figure 14: Relationship Between Permitting and Drilling Activity, 1985–2010* *Western States (Includes Colorado, Montana, New Mexico, North Dakota, Utah and Wyoming) Source: BLM Oil & Gas Statistics (2010) and ICF International Rocky Mountain Forecasts (2011) Based on this type of relationship, we can quantify the effect of the number of new permits issued on the number of new wells started. For instance, returning to the 2007/2008 levels of new permitting would be associated with an increase in drilling activity (Table 5). <strong>The</strong> western states stand to gain an average of 928 new wells drilled a year over the next five years. Colorado and Utah will gain on average over 100 new wells each year, relative to their 2000-2010 average (Table 6). New Mexico and Wyoming will also more than double that gain, averaging 236 and 378 new wells each year, respectively. 24
January 2012 Figure 15: Number of Wells Started During the Year on Federal Lands* *Western States (Includes Colorado, Montana, New Mexico, North Dakota, Utah and Wyoming) Source: Economics International Corp. calculations based on information from BLM Oil & Gas Statistics (2010) and ICF International Rocky Mountain Forecasts (2011) 2010 well numbers and the Alternative and Base scenarios were adjusted using the latest 2010 estimate from the BLM. See page 44 for more detail. TABLE 5 – NET (Alternative Minus Baseline) Number of Wells Started (Spud) on Federal Lands Increase in wells relative to amount associated with baseline number of leases and permits issued Year Colorado Montana New Mexico North Dakota Utah Wyoming Total 2011 70 20 150 30 100 240 610 2012 120 20 220 30 130 360 880 2013 140 40 280 40 160 480 1,140 2014 120 30 280 50 160 430 1,070 2015 120 20 250 40 130 380 940 Average 114 26 236 38 136 378 928 Source: Economics International Corp. calculations based on information from BLM Oil & Gas Statistics (2010) and ICF International Rocky Mountain Forecasts (2011) TABLE 6 – Average Actual Wells Started on Federal Lands 2000-2010 Colorado Montana New Mexico North Dakota Utah Wyoming 282 103 841 66 330 1,640 Source: BLM Oil & Gas Statistics (2010) 25
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industry’s development costs thro
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ENVIRONMENTAL PROTECTION FOR ONSHOR
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Hydraulic Fracturing Operations—
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Contents 1 Scope . . . . . . . . .
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Page 88 and 89: Contents January 2012 EXECUTIVE SUM
Page 90 and 91: January 2012 EMPLOYMENT, GOVERNMENT
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Page 94 and 95: January 2012 Figure 1: Natural Gas
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Bibliography [1] American Petroleum
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THERE’S MORE WHERE THIS CAME FROM
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Practices for Mitigating Surface Im
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proactive in communicating to, and
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2010 PUBLICATIONS ORDER FORM Effect
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Product No. GHF301
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ISOLATING POTENTIAL FLOW ZONES DURI
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Annex B (informative) Well Planning
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Bibliography [1] Gai, H., Walz, G.,
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THERE’S MORE WHERE THIS CAME FROM
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Economic Impacts of Oil and Gas Dev
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Jobs 2010 2011 2012 2013 2014 2015
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30°N 45°N 15°N 45°N 30°N 15°N
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Mr. Erik Milito - The House Committee on Natural Resources ...

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