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

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Jobs 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 mmboed $Billion / year 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 2026 2025 2027 2026 2028 2027 2029 2028 2030 2029 2030 bcfed www.woodmac.com Development Policy Case Projected Regional Impacts* - Alaska • Alaska new development production could reach over 1.6 mmboed by 2030, with up to $22 billion of government revenue, and over 120,000 jobs being created • Creating access to new federal areas and more efficient regulatory policies have the biggest impact on the future development of Alaska’s oil and gas industry • ANWR provides the main growth opportunity in Alaska, supplemented by development of the Chukchi and NPRA 1.8 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 NPRA & Chukchi ANWR Alaska Production 10.0 8.0 6.0 4.0 2.0 • Wood Mackenzie has assumed that the State of Alaska and the Federal Government will share royalties from these areas 0.0 All production from Federal lands 0.0 Alaska Job Creation 25 Annual Government Revenue - Alaska 140,000 120,000 100,000 NPRA & Chukchi ANWR 20 15 Lease Sales Federal Royalty State Royalty Federal Taxes 80,000 60,000 10 40,000 20,000 5 0 0 * Relative to the Current Path Case OCS and Federal BLM Royalties split with state © Wood Mackenzie 35 Delivering commercial insight
Jobs 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 $Billion / year mmboed 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 2025 2026 2026 2027 2027 2028 2028 2029 2029 2030 2030 bcfed Development Policy Case Projected Regional Impacts* – Gulf of Mexico www.woodmac.com • Gulf of Mexico production could reach 3.1 mmboed by 2030, with up to $33 billion of government revenue, and 290,000 jobs being created as a result • <strong>The</strong> opening of currently off-limits areas off the coast of Florida to exploration and development has the largest potential impact on the Gulf of Mexico’s oil and gas industry 3.5 3.0 2.5 2.0 Louisiana Texas Florida GoM Production 18.0 16.0 14.0 12.0 10.0 • Up to 100,000 new Florida jobs could be created by 2016 1.5 1.0 8.0 6.0 • More timely and efficient permitting for the offshore can increase production, government revenue, and jobs from Gulf of Mexico oil and natural gas development 0.5 0.0 All production from Federal lands 4.0 2.0 0.0 GoM Jobs Creation 35 Annual Government Revenue - GoM 350,000 300,000 250,000 Lousiana Texas Florida 30 25 Lease Sales Federal Royalty State Royalty Federal Tax 200,000 20 150,000 15 100,000 10 50,000 5 0 0 * Relative to the Current Path Case GoM royalties 100% Federal allocation © Wood Mackenzie 36 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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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 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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Economic Impacts of Oil and Gas Dev
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Mr. Erik Milito - The House Committee on Natural Resources ...

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