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

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www.woodmac.com Contents 1 2 Increased Access Scenario: Scope, Methodology and Results Increased Tax Scenario: Scope, Methodology and Results 3 Appendix © Wood Mackenzie 5 Delivering commercial insight
www.woodmac.com Scope of Study – Access Scenario • <strong>The</strong> study considered the following federal areas currently off-limits: • Eastern Gulf of Mexico • Rocky Mountains * • Atlantic OCS • Pacific OCS • Alaska National Wildlife Refuge (ANWR) – 1002 Area • To estimate the potential economic benefits of opening up new access, a development scenario was created for each region including field size distributions and schedules for leasing, exploration, and development. Leasing in all areas was assumed to start in 2012. See appendix for additional details • Production and economic forecasts were created using Wood Mackenzie’s proprietary economic modeling software (GEM) • Production models were based on analog fields in the Gulf of Mexico and Alaska. Rocky Mountain models were based on existing Wood Mackenzie play models * <strong>The</strong> Rocky Mountains resource considered here was deemed effectively “no access” by the Department of Interior’s updated “EPCA” assessment. For explanation of this assessment and treatment here, see the first two citations in References © Wood Mackenzie 6 Delivering commercial insight
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Testimony House <s
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oost domestic production by four mi
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astonishing, with an estimated 17,0
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industry’s development costs thro
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Environmental Protection for Onshor
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Environmental Protection for Onshor
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ENVIRONMENTAL PROTECTION FOR ONSHOR
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Hydraulic Fracturing Operations—
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Special Notes API publications nece
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Contents 1 Scope . . . . . . . . .
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Hydraulic Fracturing Operations—W
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HYDRAULIC FRACTURING OPERATIONS—W
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Bibliography [1] Interstate Oil and
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2009 Publications Order Form Effect
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1220 L Street, NW Washington, DC 20
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Contents January 2012 EXECUTIVE SUM
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January 2012 EMPLOYMENT, GOVERNMENT
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January 2012 These
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January 2012 Figure 1: Natural Gas
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1.1 New Federal Drilling Leases Iss
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1.2 Permits to Drill: Down 39% Janu
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1.3 New Wells Drilled on Federal La
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January 2012 2 ADVERSE FEDERAL LAND
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January 2012 3 Economic Projections
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3.1 Overview of Baseline and Altern
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January 2012 TABLE 3 - NET (Alterna
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3.3 January 2012 Increased Producti
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January 2012 The n
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January 2012 Figure 17: Total Emplo
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January 2012 Table 9 shows what the
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January 2012 4 CONCLUSION T
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January 2012 5 APPENDIX: Data and M
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TABLE 11 - Baseline and Alternative
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5.3 Employment January 2012 Employm
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5.4 State Severance and Ad Valorem
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Natural Gas Production, billion cub
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Number of Wells Started (Spud) on F
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Net (Alternative Minus Baseline) Ja
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Net (Alternative Minus Baseline) Ja
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Federal royalties of production of
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Imports from Rest of the World 38%
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Water Management Associated with Hy
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Special Notes API publications nece
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Contents Executive Summary . . . .
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considerations). A hierarchy of pot
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2 API GUIDANCE DOCUMENT HF2 2.8 flo
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4 API GUIDANCE DOCUMENT HF2 2.30 so
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6 API GUIDANCE DOCUMENT HF2 As deve
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8 API GUIDANCE DOCUMENT HF2 Typical
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12 API GUIDANCE DOCUMENT HF2 seques
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16 API GUIDANCE DOCUMENT HF2 6.2.2
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Page 219 and 220: www.woodmac.com Project Background
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ISOLATING POTENTIAL FLOW ZONES DURI
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Annex B (informative) Well Planning
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Annex D 1 (normative) Process Summa
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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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Administration energy strategy is n
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2012 Administration raises the min
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www.woodmac.com Study Background AP
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Jobs 2010 2011 2012 2013 2014 2015
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www.woodmac.com Key State Results (
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www.woodmac.com Case Development
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www.woodmac.com Current Path Case -
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www.woodmac.com Development Policy
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30°N 45°N 15°N 45°N 30°N 15°N
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www.woodmac.com Scenario Modeling
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www.woodmac.com Methodology - Emplo
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Methodology - Employment Estimation
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www.woodmac.com Gulf of Mexico and
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mmboed 2010 2011 2012 2013 2014 201
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Jobs 2012 2013 2014 2015 2016 2017
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$Billion per year 2012 2013 2014 20
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Jobs 2012 2013 2014 2015 2016 2017
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$Billion 2012 2013 2014 2015 2016 2
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Jobs 2012 2013 2014 2015 2016 2017
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Jobs 2012 2013 2014 2015 2016 2017
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www.woodmac.com Contents 1 2 Scenar
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Development Policy Case - Annual Jo
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www.woodmac.com Projected Results b
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www.woodmac.com Tax Assumptions •
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www.woodmac.com Wood Mackenzie Disc
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