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

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www.woodmac.com Results Access Scenario - Production Impacts • Through increased access 1.4 mmboe/d could be brought on stream* by 2020 (850 mb/d liquids and 3 bcf/d natural gas) • Potential production gains are estimated at 4.0 mmboe/d by 2025 (2.8 mmbl/d liquids and 6.6 bcf/d natural gas) • For context, 2010 total US production is 8 mmb/d of liquids and 61 bcfd of natural gas. This equates to a total of 18.8 mmboed '000 boe/d Total Potential U.S. Production Impacts of Increased Access Total Production 7000 6000 5000 Pacific 4000 EGOM Atlantic 3000 ANWR 2000 Rockies 1000 0 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 * See appendix for fields development plan © Wood Mackenzie 11 Delivering commercial insight
www.woodmac.com Access Scenario – Employment Impacts • Job creation is projected to be approximately 50K direct jobs and 120K indirect jobs by 2014 • Approximately130K direct jobs and 330K indirect jobs by 2020. • Approximately150K direct jobs and 380K indirect jobs* by 2025. • Estimated Upstream jobs by sector: • Leasing & Seismic – 9,000 by 2020 • Exploration Drilling – 42,000 by 2020 • Appraisal Drilling – 5,000 by 2020 • Construction – 64,000 by 2020 • Operations – 12,000 by 2020 • Indirect Jobs estimated at 2.5 per direct job based upon PWC and ICF Analysis (see references) Thousands of Jobs Potential Employment Impacts of Increased Access 200 180 Direct jobs 160 140 120 100 80 60 40 20 0 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 *Indirect jobs are those which are created in other industries to support the oil and gas sector as well as jobs resulting from spending of income earned either directly or indirectly from oil and natural gas industry spending © Wood Mackenzie 12 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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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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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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Development Policy Case - Annual Jo
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www.woodmac.com Tax Assumptions •
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www.woodmac.com Wood Mackenzie Disc
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Mr. Erik Milito - The House Committee on Natural Resources ...

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