Changes to EIA Oil and Gas Production Programs: Expanded EIA-914 Trade Associations Briefing July 1, 2014 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
Expanded EIA-914 proposal Current oil and gas production data is necessary to address questions about the very rapid changes occurring in quantity and quality of domestic output Collect monthly data on oil and natural gas production…
States covered by EIA-914 since 2005 natural gas only - Trade Associations Briefing July 1, 2014 3
EIA-914 expansion will provide more timely monthly oil and gas production data The proposed revision to the EIA-914 survey will expand natural gas production and add monthly oil production State reporting of oil and gas production…
State lags vary, but some tend to be large Over the past 26 months, final crude oil production for the 19 states and the Gulf of Mexico was reported, on average, more than 9 months after the end of a month Over the same period,…
EIA-914 expansion: Final monthly Texas oil production typically increases about 40 percent from the volume initially reported thousand barrels per day 2,500 Final reported value 2,000 1,500 Initial reported value (3 months after…
State tax agency production typically are volatile regardless of the state thousand barrels per day 40 35 30 25 Michigan 20 15 Kentucky 10 5 0 Sources: Michigan, Department of Treasury; Kentucky, Revenue Cabinet Trade…
The volatility of Michigans production data depends on the source thousand barrels per day 40 35 30 Dept. of 25 Environmental Quality 20 15 Dept. of Treasury 10 5 0 Sources: Michigan Department of Environmental…
Colorado natural gas production now exceeds two of the original EIA-914 states, and Pennsylvania production exceeds five billion cubic feet per year 9,000 8,000 7,000 Texas Pennsylvania 6,000 Louisiana Oklahoma 5,000 Wyoming Colorado…
After a long decline, crude oil production grew dramatically in the last few years million barrels per year 1,000 Texas 900 800 700 Federal Offshore Gulf of Mexico 600 Alaska 500 400 North Dakota 300 California 200…
EIA-914 expansion will add 20 states/areas to oil and 14 states to current coverage of natural gas Lower 48 states expanded survey coverage: gas: 92% oil: 89% Trade Associations Briefing July 1, 2014 11
EIA-914 expansion will add crude oil and lease condensate Well Production Wells (Gas Stream and Oil) Full Wellstreams C. Crude Oil and Lease Condensate Lease Separators Water A. Gross Withdrawals of Natural Gas Injected on…
Summing up the value of an expanded EIA-914 Improves knowledge of an important industry development Timeliness Transparency Coverage (more states) Reduces estimation errors in EIA statistical models Informs upstream…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/aeo Short-Term Energy Outlook www.eia.gov/steo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…
Supplemental slides Trade Associations Briefing July 1, 2014 15
States in current States in Proposed EIA EIA914 914 expansion Alabama Alaska state agencies state agencies Arizona Arkansas California Colorado Federal Gulf of Mexico Federal Pacific Offshore Florida Illinois Indiana…
Statistical issues Cognitive Testing Sample Automation New Monthly Sampling Process Two cutoff samples per state: oil and gas Each state has a production cutoff rate for oil and one for gas Design criteria to determine cutoff…
National Gateway Overview Provide a repository for all publicly available oil and gas well-level data - no central repository for state level data exists Joint state-federal collaboration - EIA does not collect well-level data…
Current Gateway Partners RBDMS states States in Gateway Trade Associations Briefing July 1, 2014 19
Benefits of National Gateway Detailed dataset for analysis and forecasting Improve analysis and mapping of emerging plays and technology Improve collaboration with states (commercial databases EIA uses are developed from state…
Loading...
