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

More documents

Recommendations

Info

www.woodmac.com Access & Tax Scenarios - Model Assumptions • All models included the following assumptions: • Federal royalty rates modelled at 12.5% • Federal Income Tax modelled at 35% i.e. current fiscal conditions • Wood Mackenzie’s commodity price forecast was used. All oil priced at WTI, gas priced at Henry Hub (HH) WTI ($/bbl) 120 100 80 60 40 Wood Mackenzie Oil & Gas Nominal Prices 12 10 8 6 4 Henry Hub ($/mcf) 20 WTI 2 HH 0 0 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 © Wood Mackenzie 29 Delivering commercial insight
www.woodmac.com Tax Scenarios – Projected Employment Impacts • Increased taxes will make a number of currently economic fields un-economic, putting them at risk. At its peak in 2014, this could result in 50,000 direct job losses • Using a multiplier of 2.5 indirect jobs per direct job based upon ICF and PWC studies implies that nearly 170 K total jobs put at risk in 2014 Direct Job Losses Potential Job Losses due to Increased Taxes 0 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 -20,000 -40,000 -60,000 -80,000 -100,000 -120,000 -140,000 -160,000 -180,000 Indirect Incremental Job Losses Total Incremental Job Lossses Direct Incremental Job Losses © Wood Mackenzie 30 Delivering commercial insight
Page 1 and 2:
Testimony House <s
Page 3 and 4:
oost domestic production by four mi
Page 5 and 6:
astonishing, with an estimated 17,0
Page 7 and 8:
industry’s development costs thro
Page 9 and 10:
Environmental Protection for Onshor
Page 11 and 12:
Environmental Protection for Onshor
Page 13 and 14:
ENVIRONMENTAL PROTECTION FOR ONSHOR
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51:
Hydraulic Fracturing Operations—
Page 54 and 55:
Special Notes API publications nece
Page 57 and 58:
Contents 1 Scope . . . . . . . . .
Page 59 and 60:
Hydraulic Fracturing Operations—W
Page 61 and 62:
HYDRAULIC FRACTURING OPERATIONS—W
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Bibliography [1] Interstate Oil and
Page 83 and 84:
2009 Publications Order Form Effect
Page 86 and 87:
1220 L Street, NW Washington, DC 20
Page 88 and 89:
Contents January 2012 EXECUTIVE SUM
Page 90 and 91:
January 2012 EMPLOYMENT, GOVERNMENT
Page 92 and 93:
January 2012 These
Page 94 and 95:
January 2012 Figure 1: Natural Gas
Page 96 and 97:
1.1 New Federal Drilling Leases Iss
Page 98 and 99:
1.2 Permits to Drill: Down 39% Janu
Page 100 and 101:
1.3 New Wells Drilled on Federal La
Page 102 and 103:
January 2012 2 ADVERSE FEDERAL LAND
Page 104 and 105:
January 2012 3 Economic Projections
Page 106 and 107:
3.1 Overview of Baseline and Altern
Page 108 and 109:
January 2012 TABLE 3 - NET (Alterna
Page 110 and 111:
3.3 January 2012 Increased Producti
Page 112 and 113:
January 2012 The n
Page 114 and 115:
January 2012 Figure 17: Total Emplo
Page 116 and 117:
January 2012 Table 9 shows what the
Page 118 and 119:
January 2012 4 CONCLUSION T
Page 120 and 121:
January 2012 5 APPENDIX: Data and M
Page 122 and 123:
TABLE 11 - Baseline and Alternative
Page 124 and 125:
5.3 Employment January 2012 Employm
Page 126 and 127:
5.4 State Severance and Ad Valorem
Page 128 and 129:
Natural Gas Production, billion cub
Page 130 and 131:
Number of Wells Started (Spud) on F
Page 132 and 133:
Net (Alternative Minus Baseline) Ja
Page 134 and 135:
Net (Alternative Minus Baseline) Ja
Page 136 and 137:
Federal royalties of production of
Page 138 and 139:
Imports from Rest of the World 38%
Page 144:
Water Management Associated with Hy
Page 147 and 148:
Page 150:
Contents Executive Summary . . . .
Page 153 and 154:
considerations). A hierarchy of pot
Page 155 and 156:
2 API GUIDANCE DOCUMENT HF2 2.8 flo
Page 157 and 158:
4 API GUIDANCE DOCUMENT HF2 2.30 so
Page 159 and 160:
6 API GUIDANCE DOCUMENT HF2 As deve
Page 161 and 162:
8 API GUIDANCE DOCUMENT HF2 Typical
Page 163 and 164:
10 API GUIDANCE DOCUMENT HF2 — St
Page 165 and 166:
12 API GUIDANCE DOCUMENT HF2 seques
Page 167 and 168:
14 API GUIDANCE DOCUMENT HF2 6.2.1
Page 169 and 170:
16 API GUIDANCE DOCUMENT HF2 6.2.2
Page 171 and 172:
18 API GUIDANCE DOCUMENT HF2 fractu
Page 173 and 174:
20 API GUIDANCE DOCUMENT HF2 — av
Page 175 and 176:
22 API GUIDANCE DOCUMENT HF2 <stron
Page 177 and 178:
Bibliography [1] American Petroleum
Page 179 and 180:
26 API GUIDANCE DOCUMENT HF2 [32] H
Page 181:
THERE’S MORE WHERE THIS CAME FROM
Page 184:
Practices for Mitigating Surface Im
Page 187 and 188:
Page 190:
Contents Executive Summary . . . .
Page 193 and 194:
proactive in communicating to, and
Page 196 and 197: Practices for Mitigating Surface Im
Page 198 and 199: PRACTICES FOR MITIGATING SURFACE IM
Page 214 and 215: 2010 PUBLICATIONS ORDER FORM Effect
Page 217 and 218: Product No. GHF301
Page 219 and 220: www.woodmac.com Project Background
Page 221 and 222: www.woodmac.com Key Results ACCESS
Page 223 and 224: www.woodmac.com Scope of Study - Ac
Page 225 and 226: www.woodmac.com Methodology Access
Page 227 and 228: www.woodmac.com Methodology Access
Page 229 and 230: www.woodmac.com Access Scenario - E
Page 231 and 232: www.woodmac.com 2 Increased Tax Sce
Page 233 and 234: www.woodmac.com Methodology - Tax S
Page 235 and 236: www.woodmac.com Results Taxes Scena
Page 237 and 238: www.woodmac.com Tax Scenarios - Est
Page 239 and 240: www.woodmac.com Tax Scenarios - Gov
Page 241 and 242: www.woodmac.com Access Scenario - R
Page 243 and 244: www.woodmac.com Access Scenario - L
Page 245: www.woodmac.com Tax Scenario - Base
Page 249 and 250: www.woodmac.com Access Scenario - E
Page 251 and 252: www.woodmac.com Access Scenario - V
Page 253 and 254: www.woodmac.com Tax Scenario - Esti
Page 255 and 256: Tax Scenario - Estimated Impacts on
Page 257 and 258: www.woodmac.com Wood Mackenzie Disc
Page 259: Isolating Potential Flow Zones Duri
Page 262 and 263: Special Notes API publications nece
Page 265 and 266: Contents 1 Scope . . . . . . . . .
Page 267 and 268: Isolating Potential Flow Zones Duri
Page 269 and 270: ISOLATING POTENTIAL FLOW ZONES DURI
Page 297 and 298:
ISOLATING POTENTIAL FLOW ZONES DURI
Page 299 and 300:
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
Page 307 and 308:
Page 309 and 310:
Page 311 and 312:
Page 313 and 314:
Page 315 and 316:
Page 317 and 318:
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
Annex B (informative) Well Planning
Page 327 and 328:
Page 329 and 330:
Page 331 and 332:
Page 333 and 334:
Page 335 and 336:
Page 337 and 338:
Page 339 and 340:
Page 341 and 342:
Annex D 1 (normative) Process Summa
Page 343 and 344:
Page 345 and 346:
Page 347 and 348:
Bibliography [1] Gai, H., Walz, G.,
Page 349:
Page 352:
THERE’S MORE WHERE THIS CAME FROM
Page 355 and 356:
Economic Impacts of Oil and Gas Dev
Page 357 and 358:
Page 359 and 360:
Page 361 and 362:
Page 363 and 364:
Page 365 and 366:
Page 367 and 368:
Page 369 and 370:
Page 371 and 372:
Administration energy strategy is n
Page 373 and 374:
2012 Administration raises the min
Page 375 and 376:
www.woodmac.com Study Background AP
Page 377 and 378:
Jobs 2010 2011 2012 2013 2014 2015
Page 379 and 380:
www.woodmac.com Key State Results (
Page 381 and 382:
www.woodmac.com Case Development
Page 383 and 384:
www.woodmac.com Current Path Case -
Page 385 and 386:
www.woodmac.com Development Policy
Page 387 and 388:
30°N 45°N 15°N 45°N 30°N 15°N
Page 389 and 390:
www.woodmac.com Scenario Modeling
Page 391 and 392:
www.woodmac.com Methodology - Emplo
Page 393 and 394:
Methodology - Employment Estimation
Page 395 and 396:
www.woodmac.com Gulf of Mexico and
Page 397 and 398:
www.woodmac.com Contents 1 2 Scenar
Page 399 and 400:
mmboed 2010 2011 2012 2013 2014 201
Page 401 and 402:
Jobs 2012 2013 2014 2015 2016 2017
Page 403 and 404:
$Billion per year 2012 2013 2014 20
Page 405 and 406:
Jobs 2012 2013 2014 2015 2016 2017
Page 407 and 408:
$Billion 2012 2013 2014 2015 2016 2
Page 409 and 410:
Jobs 2012 2013 2014 2015 2016 2017
Page 411 and 412:
Jobs 2012 2013 2014 2015 2016 2017
Page 413 and 414:
www.woodmac.com Contents 1 2 Scenar
Page 415 and 416:
Development Policy Case - Annual Jo
Page 417 and 418:
www.woodmac.com Projected Results b
Page 419 and 420:
Page 421 and 422:
Page 423 and 424:
Page 425 and 426:
Page 427 and 428:
www.woodmac.com Tax Assumptions •
Page 429 and 430:
www.woodmac.com Wood Mackenzie Disc
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?