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

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www.woodmac.com Development Policy Case – Assumptions (continued) • In developing the “Development Policy Case” Wood Mackenzie has made the following assumptions: • Onshore U.S. • Development of onshore plays as per company plans. Includes tight oil, shale gas and tight gas plays • Leasing and permitting rates do not significantly hinder current company plans • No restrictions of shale development in New York state • Gulf of Mexico • Leasing of deep water acreage returns to pre-Moratorium rates • Exploration activity recovers to pre-Moratorium drilling rates, approximately 40 wildcat wells per year • Alaska • Resources offshore Alaska and NPRA are developed • Access is allowed in current and previously restricted areas • Atlantic Coast – Production begins 2019 • Pacific Coast – Production begins 2019 • Eastern Gulf of Mexico – Production begins 2016 • ANWR – Production begins 2017 • Portions of the Rocky Mountains – Production begins 2012 © Wood Mackenzie 13 Delivering commercial insight
30°N 45°N 15°N 45°N 30°N 15°N www.woodmac.com New Resource Areas – Development Policy Case 135°W 120°W 105°W 90°W 75°W 60°W TMX • Under the Development Policy Case, it is assumed that a number of new Federal areas become open for exploration drilling and field development. <strong>The</strong>se are: Enbridge Northern Gate way Northern Leg Pacific OCS Washington / Oregon TMX Expansion Edmonton Hardisty Rockies Region CANADA New York State • Pacific, Atlantic, Eastern GoM, portions of the Rockies, ANWR, NPRA and the Chukchi Sea • Also Wood Mackenzie has assumed that New York lifts its drilling moratorium Northern California Central California Southern California Keystone UNITED STATES OF AMERICA Cushing Mid- Atlantic North Atlantic • Under this case, the permit and regulatory policies encourage the development of currently permitted onshore areas • Permit and regulatory policies allow for relatively faster development of the Gulf of Mexico Alaska Planning Areas MEXICO Western Gulf Central Gulf Eastern Gulf South Atlantic Straits of Florida Atlantic OCS • Canadian oil sands pipelines into the U.S. are fully developed (e.g., Keystone XL) Chukchi Beaufort NPRA CANADA Alaska ANWR km 0 250 500 1,000 120°W 105°W 90°W 75°W Source: Wood Mackenzie © Wood Mackenzie 14 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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18 API GUIDANCE DOCUMENT HF2 fractu
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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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2010 PUBLICATIONS ORDER FORM Effect
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Product No. GHF301
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www.woodmac.com Project Background
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www.woodmac.com Key Results ACCESS
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www.woodmac.com Scope of Study - Ac
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www.woodmac.com Methodology Access
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www.woodmac.com Methodology Access
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www.woodmac.com Access Scenario - E
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www.woodmac.com 2 Increased Tax Sce
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www.woodmac.com Methodology - Tax S
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www.woodmac.com Results Taxes Scena
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www.woodmac.com Tax Scenarios - Est
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www.woodmac.com Tax Scenarios - Gov
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www.woodmac.com Access Scenario - R
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www.woodmac.com Access Scenario - L
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www.woodmac.com Tax Scenario - Base
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www.woodmac.com Tax Scenarios - Pro
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www.woodmac.com Access Scenario - E
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www.woodmac.com Access Scenario - V
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www.woodmac.com Tax Scenario - Esti
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Tax Scenario - Estimated Impacts on
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www.woodmac.com Wood Mackenzie Disc
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Isolating Potential Flow Zones Duri
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Contents 1 Scope . . . . . . . . .
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Isolating Potential Flow Zones Duri
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ISOLATING POTENTIAL FLOW ZONES DURI
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Annex B (informative) Well Planning
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Page 417 and 418: www.woodmac.com Projected Results b
Page 427 and 428: www.woodmac.com Tax Assumptions •
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Mr. Erik Milito - The House Committee on Natural Resources ...

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