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

More documents

Recommendations

Info

Economic Impacts of Oil and Gas Development on BLM Lands in Wyoming Source: EIA 2010b, 2010c Figure 1. Trends in Oil and Gas Production in Wyoming 1980–2009. WELLS According to the Wyoming Oil and Gas Conservation Commission (WYOCC), there were approximately 39,570 producing wells in Wyoming in 2009 (WYOCC 2010). <strong>The</strong>se wells produced 51.3 million barrels of crude oil and 2,359,248 MMcf of natural gas (EIA 2010a). Wyoming oil and gas development occurs primarily in seven geologic basins: Big Horn Basin, Denver-Cheyenne, Greater Green River, Laramie, Overthrust Belt, Powder River Basin, and Wind River Basin (Wyoming Heritage Foundation 2008). <strong>The</strong> largest percentage of oil and gas development occurs in the Powder River Basin (primarily in Campbell County) and the Greater Green River Basin (primarily in Sublette and Sweetwater counties) where the Pinedale and Jonah natural gas fields are located. <strong>The</strong> distribution of producing oil and gas wells in Wyoming is illustrated in Figure 2. 2
Economic Impacts of Oil and Gas Development on BLM Lands in Wyoming Figure 2. Producing Wells in Wyoming in 2010. Twenty of the state’s 23 counties produce crude oil and natural gas. In 2009, Campbell County was the largest producing county with 13,470 producing wells and 7.5 million barrels of oil (14.6 percent of the state total) and 142,183 MMcf of natural gas (5.6 percent of the state total). Sublette County was the second largest producing county with 4,209 producing wells and 7.9 million barrels of oil (15.5 percent of the state total) and 1,194,249 MMcf of natural gas (47.0 percent of the state total) (WYOCC 2010). ECONOMIC CONTRIBUTIONS AND JOBS Two primary activities are associated with the oil and gas industry: development and production. Development activities consist of drilling, completing, and recompleting wells. <strong>The</strong> drilling and completion processes generally take a few months. Recompletion activities involve stimulating or reactivating wells after they have been producing for a period of time. <strong>The</strong> act of removing the oil and/or gas from geologic formations is called extraction or production (Wyoming Heritage Foundation 2008). <strong>The</strong> development of a single well in Wyoming requires an initial expenditure by the operator and employees to drill and complete the well. It was estimated that operators in the Pinedale Anticline natural gas field spend approximately $5.5 million (inflated to 2010 $s) for each well developed (BLM 2008). In the Pinedale Anticline Environmental Impact Statement (EIS), the IMPLAN economic model was used to estimate the economic impact of the operators’ spending. It was estimated that direct expenditures on well development 3
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 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
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 and 246:
www.woodmac.com Tax Scenario - Base
Page 247 and 248:
www.woodmac.com Tax Scenarios - Pro
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:
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 271 and 272:
Page 273 and 274:
Page 275 and 276:
Page 277 and 278:
Page 279 and 280:
Page 281 and 282:
Page 283 and 284:
Page 285 and 286:
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299 and 300:
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
Page 307 and 308: ISOLATING POTENTIAL FLOW ZONES DURI
Page 325 and 326: Annex B (informative) Well Planning
Page 341 and 342: Annex D 1 (normative) Process Summa
Page 347 and 348: Bibliography [1] Gai, H., Walz, G.,
Page 349: ISOLATING POTENTIAL FLOW ZONES DURI
Page 352: THERE’S MORE WHERE THIS CAME FROM
Page 355 and 356: Economic Impacts of Oil and Gas Dev
Page 357: Economic Impacts of Oil and Gas Dev
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 ...

Create successful ePaper yourself

Delete template?

Save as template?