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

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mmboed 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 bcfed www.woodmac.com Oil and Natural Gas Production Impacts by Policy • Opening access to areas which are currently closed to development has the largest incremental impact on production between 2012 and 2030 • Wood Mackenzie estimates these new access areas could add up to 6.7 mmboed by 2030 • Regulations which permit timely development of GoM and the U.S. onshore would add a further 3.7 mmboed by 2030 • Total incremental production could increase by 10.4 mmboed by 2030 12 10 8 6 4 2 Potential U.S. Production Impact Onshore Regulatory GoM Permitting Increased Access 60 50 40 30 20 10 0 0 Total Production: Development Policy Case less Current Path Case © Wood Mackenzie 31 Delivering commercial insight
Jobs 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 www.woodmac.com Employment Impacts by Policy • Opening access to new areas for oil and natural gas development could add 690,000 jobs by 2030, approximately half of the total potential jobs added • Wood Mackenzie estimates that a more favourable policy to develop pipelines from the Canadian oil sands to the U.S. would add over 270,000 U.S. jobs by 2030 1,600,000 1,400,000 1,200,000 1,000,000 Potential Total Job Impact Oil Sands Pipelines, e.g. Keystone XL Onshore Regulatory GoM Permitting Increased Access • <strong>The</strong>se jobs are primarily a result of U.S. services and the production of capital and intermediate goods exported to Canada for the development of the oil sands 800,000 600,000 400,000 • <strong>The</strong> impact on jobs from the GoM and onshore regions is more immediate as companies are already active in these regions with portfolios of opportunities to develop 200,000 0 Total Employment: Development Policy Case less Current Path Case © Wood Mackenzie 32 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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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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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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Bibliography [1] Gai, H., Walz, G.,
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THERE’S MORE WHERE THIS CAME FROM
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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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