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

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www.woodmac.com References • ICF International, 2008, “Strengthening Our Economy: <strong>The</strong> Untapped U.S. Oil and Gas Resources,” http://www.api.org/aboutoilgas/upload/Access_Study_Final_Report_12_8_08.pdf • U.S. Department of Interior, 2008, “Inventory of Onshore Federal Oil and Natural Gas Resources and Restrictions to <strong>The</strong>ir Development,” http://www.blm.gov/wo/st/en/prog/energy/oil_and_gas/EPCA_III.html • Minerals Management Service, 2006, Report to Congress: Comprehensive Inventory of U.S. OCS Oil and Natural Gas Resources,” http://www.boemre.gov/revaldiv/RedNatAssessment.htm • Price Water<strong>House</strong> and Coopers, 2009, “<strong>The</strong> Economic Impacts of the Oil and Natural Gas Industry on the U.S. Economy: Employment, Labor Income and Value Added,” http://www.api.org/Newsroom/upload/Industry_Economic_Contributions_Report.pdf © Wood Mackenzie 39 Delivering commercial insight
www.woodmac.com Wood Mackenzie Disclaimer • Except for existing proprietary computer programs and materials, all reports, drawings, drafts, data, models and other documents developed hereunder, and the right to copyright such reports, drawings, drafts, data and other documents, shall be the sole property of API. API may use such materials in any manner in which API, in its sole discretion, deems fit and proper, including submission to governmental agencies, use in litigation, or use in other proceedings before governmental bodies. Wood Mackenzie will not use the aforementioned items or other material developed therefrom, or release the content or findings of the work performed hereunder to parties outside API without prior review and written approval from API, unless they are in the public domain or are otherwise publicly released by API. Wood Mackenzie agrees to preserve the confidentiality of information received on behalf of API, furnished by API or prepared for API hereunder. • This report has been prepared by Wood Mackenzie for API. <strong>The</strong> report is intended for use by API and API may use such material in any manner in which API, in its sole discretion, deems fit and proper, including submission to governmental agencies, use in litigation, or use in other proceedings before governmental bodies. • <strong>The</strong> information upon which this report is based comes from our own experience, knowledge and databases. <strong>The</strong> opinions expressed in this report are those of Wood Mackenzie. <strong>The</strong>y have been arrived at following careful consideration and enquiry consistent with standard industry practices but we do not guarantee their fairness, completeness or accuracy. All results and observations are based on information available at the time of this report. To the extent that additional information becomes available or the factors upon which our analysis is based change, our conclusions could be subsequently affected. Wood Mackenzie does not accept any liability for your reliance upon them. © Wood Mackenzie 40 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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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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10 API GUIDANCE DOCUMENT HF2 — St
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12 API GUIDANCE DOCUMENT HF2 seques
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14 API GUIDANCE DOCUMENT HF2 6.2.1
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18 API GUIDANCE DOCUMENT HF2 fractu
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20 API GUIDANCE DOCUMENT HF2 — av
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22 API GUIDANCE DOCUMENT HF2 <stron
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Bibliography [1] American Petroleum
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26 API GUIDANCE DOCUMENT HF2 [32] H
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THERE’S MORE WHERE THIS CAME FROM
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Practices for Mitigating Surface Im
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Contents Executive Summary . . . .
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proactive in communicating to, and
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Practices for Mitigating Surface Im
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PRACTICES FOR MITIGATING SURFACE IM
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Page 219 and 220: www.woodmac.com Project Background
Page 221 and 222: www.woodmac.com Key Results ACCESS
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Page 225 and 226: www.woodmac.com Methodology Access
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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 Methodology - Emplo
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Methodology - Employment Estimation
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www.woodmac.com Gulf of Mexico and
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www.woodmac.com Contents 1 2 Scenar
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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 Tax Assumptions •
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www.woodmac.com Wood Mackenzie Disc
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