Oil and Gas Association

sprocketflipOil and Offshore

Nov 8, 2013 (3 years and 9 months ago)

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Louisiana Department of Natural Resources



Louisiana Mid
-
Continent

Oil and Gas Association


“Perspective on Energy Issues”


DNR Secretary Scott A. Angelle

January 26, 2012

1

Oil and Gas prices decoupling

2

Price Dynamics Changing Faster

Historic Pricing Ratio: Oil vs Natural Gas

3

Shale Plays in Lower 48 States

4

U.S. Energy Sources in 2011

5

6

Domestic Gas Production/Consumption

Trillion Cubic Feet Per Year

Gap Filled with Imports

Oil vs Gas in U.S. Drilling

7

8

One Week of Natural Gas Prices

Petrochemicals on the way down in 2008
-
2009

9

Ga. Gulf cuts 100 at La. plant

The Advocate June 6, 2009

Dow trimming La. jobs

260 laid off around area

The Advocate January 31, 2009

50 face layoffs at

BR offices

Albemarle Corp. starts

Restructuring

The Advocate January 30, 2009

Before Wednesday's announcement by
Dow, the Louisiana Chemical Association
anticipated losing about 1,000 chemical
jobs in the next year…

The Advocate December 11, 2008


Port of New Orleans expansion after
chemical exports jumped 34 percent in
2010



Dow investing $4 billion in Gulf Coast
ethane cracker near Gulf Coast by 2017,
will reopen another in Louisiana, and
build two propylene plants



Methanex

of Canada has announced it
will move production facilities from Chile
to Louisiana



Occidental Chemical, Chevron Phillips
Chemical, and Formosa Plastics Corp.
have indicated interest in Gulf Coast


10

Shale Natural Gas Has Brought on
Mississippi River Renaissance

Gas
-
to
-
Liquids Opportunity


Sasol proposed Gas
-
To
-
Liquids plant in Calcasieu Parish



Potential $10
-
billion direct investment and 800
-
plus direct jobs
that are associated with it



Designed to produce highway
-
grade diesel fuel



Sasol has stated economics work at 20
-
to
-
1 oil
-
gas price ratio



Already began expansion of petrochemical facility in the area

11

Northwest

Southwest
Global Expressway

12

Cheniere Energy Partners has initiated a project to
transform its Sabine Pass LNG Terminal into a

bi
-
directional facility.


Text Body in White 12
-
20 pt Aerial Font (bold)

Sabine Pass LNG Terminal

Updated: 04/01/2011 AD

Cheniere
Energy
Partners, L.P.
(“Cheniere
Partners”),
under its
subsidiary
Sabine Pass
Liquefaction,
LLC (“Sabine
Pass”), has
initiated a
project to
include
liquefaction
services at
the Sabine
Pass LNG
receiving
terminal in
Cameron
Parish,
Louisiana.


A
dding
liquefaction
capabilities
would
transform the
Sabine Pass
terminal into
a bi
-
directional
facility
capable of
liquefying and
exporting
natural gas in
addition to
importing and
regasifying
foreign
-
sourced
LNG.


13

1.7 tcf

.78 tcf


Louisiana total



2.49 tcf
from
19,845

wells



2011 Natural Gas Production

Haynesville accounts for

9 percent
of state gas wells

and

68 percent

of state gas
production

Haynesville only



1.7 tcf
from
1,805

wells


U.S. total



23 tcf
from
480,000+
wells



30 percent

of U.S. natural gas
production now comes from
shale wells

14

15

2008

2009

2010

2011

2012

68

89

134

97

66

2008

2009

2010

2011

2012

49

24

31

40

44

2008

2009

2010

2011

2012

53

38

26

27

38

Three Louisianas


Five Years

Snapshots of rig activity trends

Louisiana Rig Counts 2008
-

2011

16

OCS
Moratorium

Louisiana’s New Energy Map

17

Davy Jones Discovery


2 wells drilled, awaiting
completion equipment


First production could
come in 2012


McMoran’s investment
has drawn interest in
area from other
exploration companies


McMoran Exploration is developing major discovery in about 20 feet
of water, 10 miles south of Vermilion Parish


Ultra
-
deep prospect


drilled more than 30,000 feet under sea floor
(more than 5 miles)


May be 200 feet thick


estimates of 2 tcf to 6 tcf of natural gas,
potentially one of the largest finds in the Gulf


18

OCS Activity Improving


But Not There Yet

19

OCS
Moratorium

Pre
-
Moratorium Rig Activity Level

20

Crude Oil/Condensate Production 2011

Million Barrels a Day

21

GEST Related Meetings/Phone Calls


Date

Meeting
/Call

Location

Notes

1

18
-
Jun
-
10

Call

MMS & Stakeholder Conference call

2

22
-
Jun
-
10

Call

MMS & Stakeholder Conference call

3

24
-
Jun
-
10

Call

MMS and stakeholder conference call

4

25
-
Jun
-
10

Call

MMS and Stakeholder Conference Call

5

29
-
Jun
-
10

Call

MMS & Stakeholder Conference Call

6

1
-
Jul
-
10

Call

MMS and Stakeholder Conference Call

7

6
-
Jul
-
10

Meeting

BTR

Meeting with Lori Leblanc

8

6
-
Jul
-
10

Call

MMS and Stakeholder Conference Call

9

8
-
Jul
-
10

Call

MMS & Stakeholder Conference Call

10

13
-
Jul
-
10

Call

Conference call RE: Strategy for Recovery for Oil
& Gas Industry

11

21
-
Jul
-
10

Call

BOEM Conference Call

12

23
-
Jul
-
10

Call

Conference call on Shallow Water Drilling

13

28
-
Jul
-
10

Call

Conference call with Shallow and Deep water
drillers

14

29
-
Jul
-
10

Call

BOEM Conference Call

15

2
-
Aug
-
10

Call

Lori Leblanc Conference Call

16

4
-
Aug
-
10

Meeting

New Orleans

Meeting with Lori Leblanc/Others RE: Workshop

17

12
-
Aug
-
10

Workshop

Lafayette

Offshore Drilling Regulatory

18

31
-
Aug
-
10

Call

Bromwich precall

19

1
-
Sep
-
10

Call

Conference call with Lori Leblanc

20

8
-
Sep
-
10

Workshop

Lafayette

Event at the Lite Center

21

13
-
Sep
-
10

22

13
-
Sep
-
10

Call

Industry Conference Call

23

22
-
Sep
-
10

Workshop

New Orleans

Offshore Drilling Regulatory Workshop

24

13
-
Oct
-
10

Call

Conference Call with Shallow Water Drillers

25

19
-
Oct
-
10

Call

Call with Lori Leblanc, Sandi Fury, Warren
Williams, Kalil Ackal and Jim Noe

26

3
-
Nov
-
10

Meeting

Baton Rouge

Meeting with Lori Leblanc

27

12
-
Nov
-
10

Call

Conference Call with Shallow Water Drillers

28

1
-
Dec
-
10

Call

Conference call with GEST group

29

2
-
Dec
-
10

Call

Return to Work Coalition Conference Call

30

7
-
Dec
-
10

Call

Conference call with Lori Leblanc

Date

Meeting
/Call

Location

Notes

31

20
-
Dec
-
10

Call

Conference call with Lori Leblanc

32

7
-
Jan
-
11

Call

Conference call with Back to work Coalition

33

12
-
Jan
-
11

Meeting

DC

Meeting with “Back to work Coalition”

34

12
-
Jan
-
11

Meeting

DC

Meeting with Director Bromwich and Back to Work Coalition

35

14
-
Jan
-
11

Call

Conference call with Back to work Coalition

36

20
-
Jan
-
11

Call

Conference call White Paper, “Should to Must”




-
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-


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-
Mar
-


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Small Group IndusWry 䍯nf敲敮c攠䍡ll

43

14
-
Mar
-
11

Call

Large Industry Conference Call

44

24
-
Mar
-
11

Meeting

New
Orleans

GEST & Back to work Coalition meeting

45

1
-
Apr
-
11

Call

Conference call with Back to work Coalition

46

15
-
Apr
-
11

Call

Conference call with Back to work Coalition

47

11
-
May
-
11

Call

Conference call with Lori Leblanc & GEST Members

48

1
-
Jun
-
11

Call

Conference call with Lori Leblanc

49

3
-
Jun
-
11

Call

Conference call with Back to Work Coalition (Small Grp)

50

7
-
Jun
-
11

Call

Conference call with Back to Work Coalition

51

10
-
Jun
-
11

Call

Conference call with Lori Leblanc

52

16
-
Jun
-
11

Call

Conference call with Lori Leblanc & Bill Townsley (Shell)

53

29
-
Jun
-
11

Call

Conference call with Lori Leblanc & Others

54

8
-
Jul
-
11

Call

Conference call with Lori Leblanc & Ted

55

15
-
Jul
-
11

Call

Conference call with Back to Work Coalition (Small Grp)

56

1
-
Aug
-
11

Call

Conference call with Back to Work Coalition

57

30
-
Aug
-
11

Workshop

BOEMRE Workshop

58

12
-
Sep
-
11

Call

Conference call with Lori Leblanc

59

15
-
Sep
-
11

Meeting

BOEMRE Reorganization Meeting

60

15
-
Sep
-
11

Meeting

Meeting with Back to Work Coalition and Director Bromwich

61

3
-
Oct
-
11

Call

Conference Call with Back to Work Coalition

62

18
-
Oct
-
11

Call

Conference Call with Lori Leblanc & Others

Date

Meeting
/Call

Location

Notes

63

20
-
Oct
-
11

Call

Conference Call with Lori Leblanc
& Back to Work Coalition

64

26
-
Oct
-
11

Call

Conference call with Back to Work
Coalition

65

28
-
Oct
-
11

Call

Conference call with Steve Feldgus
& Back to work Coalition

66

23
-
Nov
-
11

Call

Conference call with Lori Leblanc

67

30
-
Nov
-
11

Meeting

Houston

GEST Stakeholders Meeting

22

Deepwater Plan and First APD Approval:

EPs and DOCDs

92
170
119
171
121
213
192
43
107
203
191
199
219
219
182
187
190
176
232
204
231
203
204
73
158
76
122
62
133
126
238
248
98
51
173
146
100
273
126
92
300
288
288
173
110
167
43
115
289
191
352
227
21
100
283
120
122
60
62
120
58
86
89
56
23
52
40
47
46
25
21
46
27
28
43
41
31
29
29
30
31
28
28
30
58
31
55
65
17
46
35
33
50
35
42
51
29
24
74
29
30
76
47
48
36
30
51
51
54
30
51
71
53
36
162
29
26
62
29
110
55
34
30
42
42
26
29
50
29
27
0
100
200
300
400
500
600
Shell GB 427
Shell MC 348
Statoil AC 810
BHP GC 738
BHP GC 653
Cobalt GC 858
Hess GC 507
Nexen GC 872
Hess GC 69
Nexen GC 327
Nexen GC 504
Chevron WR 142
Nexen GC 460
Nexen GC 549
Chevron GB 973
Chevron WR 758
Unocal WR 634
Statoil WR 925
LLOG MC 431
Newfield MC 390
Shell MC 935
Cobalt GB 958
Newfield MC 524
Shell MC 762
Apache AT 76
Statoil GC 404
Deepgulf GB 506
Anadarko WR 793
Apache ST 318
Repsol KC 642
ENI WR 719
Chevron KC 736
Apache GC 861
Statoil KC 698
Petrobras WR 206
LLOG MC 300
ENI MC 772
Marathon MC 993
Shell AC 857
Shell WR 95
Woodside GC 451
Anadarko GC 904
Woodside AT 187
BHP AT 574
Shell MC 984
LLOG MC 503
Marathon WR 578
Chevron WR 29
BP KC 292
Chevron GC 640
Woodside GC 451
LLOG MC 705
Shell GB 427
Apache GC 823
Anadarko LL 400
ATP MC 710
BHP GC 609
Anadarko KC 875
Shell MC 762
Noble MC 699
Exxon KC 919
Anadarko EB 645
Newfield VK 1002
Shell WR 507
LLOG MC 301
Days
DW Plan & First APD Approval Trend: EPs & DOCDs
Plans: Operator submission to "Deemed Submitted"
Plans: "Deemed Submitted" to Final Action (Approval)
APD Submittal (Post Plan Approval) to APD Approval
5 Plan Average Approval Time
Deepwater plans with EA. Adjusted reference date to 10/12/2010. *APDs targeting HC only.
Based on Coalition data QC as of 1/1/2012
May
June
July
Aug
Sept
Oct
March
Nov
Dec