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

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www.woodmac.com Access Areas Resource Assumptions – Development Policy Case • <strong>The</strong> following table details the assumptions Wood Mackenzie used for developing the resource base for each of the new Access areas in the Development Policy Case • <strong>The</strong>se assumptions form the basis of the economic models which generate the production and revenue forecasts • Each discovery for each of the new Access areas has its own cash flow and production profile • Consolidation of each model generates the forecasts for each region * Source: - Wood Mackenzie report January 2011 “ Energy Policy at a Crossroads: An Assessment of the Impacts of Increased Access versus Higher Taxes on U.S. Oil and Natural Gas Production, Government Revenue, and Employment” - ICF International, 2008, “Strengthening Our Economy: <strong>The</strong> Untapped U.S. Oil and Gas Resources” © Wood Mackenzie 21 Delivering commercial insight
www.woodmac.com Gulf of Mexico and Onshore Areas Resource Assumptions – Development Policy Case • In the Development Policy Case, Wood Mackenzie made specific assumptions surrounding development activity in the onshore regions and the Gulf of Mexico • <strong>The</strong>se assumptions have a direct impact on production, jobs, and government revenues • Onshore regions assumptions • Addition of production from any play which becomes economic after removing the well cost of 30 cents/mcf (environmental policy costs) • Increase in activity across all onshore plays of 4% as marginal wells in all regions become economic Gulf of Mexico • Increasing leasing and permit rates back to pre-Macondo levels raises production relative to the Current Path Case Production – Development Policy Case less Current Path Case © Wood Mackenzie 22 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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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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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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Annex D 1 (normative) Process Summa
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Page 415 and 416: Development Policy Case - Annual Jo
Page 417 and 418: www.woodmac.com Projected Results b
Page 427 and 428: www.woodmac.com Tax Assumptions •
Page 429 and 430: www.woodmac.com Wood Mackenzie Disc
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Mr. Erik Milito - The House Committee on Natural Resources ...

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