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New York Energy Forum – EIA

EIA · Oct 23, 2014 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. New York Energy Forum – EIA – slide 1
    Winter Fuels Outlook For New York Energy Forum October 23, 2014 New York, NY By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis…
  2. New York Energy Forum – EIA – slide 2
    Winter Outlook New York Energy Forum October 23, 2014 2
  3. New York Energy Forum – EIA – slide 3
    Winter 2013-14 compared with winter 2014-15 NOAAs central forecast is for 12% lower winter heating degree days. Natural gas stocks are lower this winter, but production levels are elevated. We anticipate continued congestion in…
  4. New York Energy Forum – EIA – slide 4
    PADD 2 (Midwest) propane inventories are currently above the five-year average PADD 2 propane* inventories million barrels 35 Typical corn harvest dates (Sept 20 Nov 10) 30 28.1 (10/10/14) inventory level 25 20 15 27.3 10 previous…
  5. New York Energy Forum – EIA – slide 5
    U.S. propane production and trade trends U.S. propane and propylene production, imports, and exports million barrels per day 1.8 1.6 1.4 production 1.2 1.0 0.8 0.6 0.4 imports exports 0.2 0.0 2005 2006 2007 2008 2009 2010 2011…
  6. New York Energy Forum – EIA – slide 6
    Natural gas stocks are currently below the five-year average and five-year minimum, but have been climbing steadily billion cubic feet 4,500 history forecast 4,000 3,500 3,000 2,500 2,000 10% warmer Base case 1,500 1,000 10%…
  7. New York Energy Forum – EIA – slide 7
    Key pipelines delivering natural gas into New England have been at or close to capacity on most days since the start of last winter Source: Derived from the Ventyx Energy Velocity Suite. Scheduled volumes based on Algonquin Gas…
  8. New York Energy Forum – EIA – slide 8
    Current forward natural gas prices in Boston, and to a lesser extent New York, indicate the likelihood of constraints again this winter Forward natural gas prices for winter months 2014-15 in selected markets as of early October U.S.…
  9. New York Energy Forum – EIA – slide 9
    Distillate inventories in key regions PADD 1A - New England PADD 1B Mid-Atlantic thousand barrels thousand barrels 12,000 40,000 5-year average 5-year average 10,000 35,000 30,000 8,000 25,000 2014 stock level 6,000 20,000 2014…
  10. New York Energy Forum – EIA – slide 10
    Heating oil sulfur specifications lowered in five states as of July 2014 15 ppm 15 ppm Note: Specifications change on July 1 of the years shown, with the exception of Maine's 15 ppm requirement, which changes on January 1,…
  11. New York Energy Forum – EIA – slide 11
    Coal stocks at electric utilities are at the bottom of the multi-year range U.S. coal stocks million short tons 250 forecast 225 200 175 150 125 100 Historical range (2006-2013) 75 U.S. electric power coal stocks 50 25 0…
  12. New York Energy Forum – EIA – slide 12
    EIA actions to improve winter fuels information More Detailed Weekly Propane Stock Data In addition to weekly PADD- level propane stocks, EIA will publish figures for Kansas (Conway hub), Michigan, Minnesota and Wisconsin, and a…
  13. New York Energy Forum – EIA – slide 13
    Oil and Gas Markets New York Energy Forum October 23, 2014 13
  14. New York Energy Forum – EIA – slide 14
    U.S. is the largest producer of petroleum and natural gas in the world estimated U.S., Russia, and Saudi Arabia petroleum and natural gas production quadrillion Btu million barrels per day of oil equivalent 60.0 30 United States…
  15. New York Energy Forum – EIA – slide 15
    These seven regions accounted for 95% of U.S. oil production growth and all U.S. natural gas production growth from 2011-2013 Source: EIA, Drilling Productivity Report New York Energy Forum October 23, 2014 15
  16. New York Energy Forum – EIA – slide 16
    The U.S. has experienced a rapid increase in natural gas and oil production from shale and other tight resources U.S. tight oil production U.S. dry shale gas production million barrels of oil per day billion cubic feet per day Eagle…
  17. New York Energy Forum – EIA – slide 17
    U.S. shale gas leads growth in total gas production through 2040, when production exceeds 100 billion cubic feet per day U.S. dry natural gas production trillion cubic feet billion cubic feet per day 2012 40 history projections 100…
  18. New York Energy Forum – EIA – slide 18
    Natural gas consumption growth is driven by electric power, industrial, and transportation use U.S. dry gas consumption trillion cubic feet 35.0 history projections 30.0 25.0 11.0 electric power 20.0 8.5 15.0 industrial*…
  19. New York Energy Forum – EIA – slide 19
    U.S. becomes a net exporter of natural gas in the near future U.S. dry natural gas trillion cubic feet per year billion cubic feet per day history 2012 projections 40 100 30 75 Consumption 20 50 Domestic supply 10 25 Net…
  20. New York Energy Forum – EIA – slide 20
    Projected U.S. natural gas trade depends on assumptions regarding resources and future technology advances Reference case High Oil and Gas Resource case billion cubic trillion cubic feet per year trillion cubic feet per year feet per…
  21. New York Energy Forum – EIA – slide 21
    Resource and technology assumptions have major implications for projected U.S. crude oil production beyond the next few years Reference case High Oil and Gas Resource case million barrels per day million barrels per day 2012 14 2012…
  22. New York Energy Forum – EIA – slide 22
    U.S. rail carloads of crude oil and petroleum products exceed 1.5 million b/d in 2014 number of rail carloads per week million barrels per day 18,000 1.8 16,000 1.6 14,000 1.4 12,000 1.2 10,000 1 8,000 0.8 6,000 0.6 4,000 0.4…
  23. New York Energy Forum – EIA – slide 23
    U.S. is already a major net exporter of petroleum products U.S. petroleum product net exports million barrels per day 3 2 2015(e) 1 0 -1 -2 -3 1950 1960 1970 1980 1990 2000 2010 Source: EIA, Annual Energy Outlook 2014…
  24. New York Energy Forum – EIA – slide 24
    Growing U.S. oil production and rising demand in China have together made China the worlds largest net oil importer net imports for China and the United States million barrels per day Aug-14 10 history projections 9 U.S. net imports…
  25. New York Energy Forum – EIA – slide 25
    Most of the growth in production between 2011 and 2015 consists of sweet grades with API gravity of 40 or above U.S. crude oil production by type million barrels of oil per day history forecast 10 9 8 7 6 API 50+ 5 API 40-50…
  26. New York Energy Forum – EIA – slide 26
    Crude oil and associated liquids contain a wide variety of hydrocarbons Source: EIA via Harvey Crude Assay Management System New York Energy Forum October 23, 2014 26
  27. New York Energy Forum – EIA – slide 27
    There are several different distillation processes used in the petroleum industry; they are typically named for their function, not their configuration EIA Refinery Survey Complex Distillation Tower Distillation Complexity…
  28. New York Energy Forum – EIA – slide 28
    Distillation processes and resulting products processed products for domestic use or exportable without license processed finished petroleum products and other condensate processed hydrocarbon liquids EIA Refinery Survey other…
  29. New York Energy Forum – EIA – slide 29
    Areas of uncertainty in the outlook Chinas energy demand growth; particularly in transportation EIA is working with MIT and others to upgrade the structural and macroeconomic determinates of transportation demand in all regions for…
  30. New York Energy Forum – EIA – slide 30
    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…

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