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Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA

EIA · Mar 9, 2013 · 28 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. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 1
    Status and outlook for shale gas and tight oil development in the U.S. for The Energy Council March 09, 2013 Washington, DC by Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics &…
  2. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 2
    EIAs mission and main functions Independent Statistical and Analytical agency within the U.S. Department of Energy EIA collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking,…
  3. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 3
    U.S. Shale Gas Adam Sieminski, Energy Council March 09, 2013 3
  4. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 4
    An average well in shale gas and other continuous resource plays can also have steep decline curves, which require continued drilling to grow production million cubic feet per year 2,000 Cumulative production = EUR Haynesville 100%…
  5. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 5
    For example: Oil production by monthly vintage of wells in the Williston Basin Source: DrillingInfo history through August 2012, EIA Short-Term Energy Outlook, February 2013 forecast Adam Sieminski, Energy Council March 09, 2013 5
  6. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 6
    Domestic production of shale gas has grown dramatically over the past few years shale gas production (dry) billion cubic feet per day 30 Rest of US Bakken (ND) 25 Eagle Ford (TX) Marcellus (PA and WV) 20 Haynesville (LA and TX) 15…
  7. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 7
    Shale gas leads growth in total gas production through 2040 U.S. dry natural gas production trillion cubic feet History 2011 Projections 35 30 25 Shale gas 20 15 Non-associated offshore Tight gas 10 Alaska Coalbed methane…
  8. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 8
    Natural gas consumption is quite dispersed, with electric power, industrial, and transportation use driving future demand growth U.S. dry gas consumption trillion cubic feet History Projections 35 *Includes combined heat-and-power and…
  9. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 9
    Growth of natural gas in transportation led by heavy duty trucks (LNG) and gas to liquids (diesel) marine and rail to come U.S. natural gas consumption quadrillion Btu History 2011 Projections 3.0 2.5 28% 2.0 Gas to liquids 1.5…
  10. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 10
    Total natural gas exports nearly quadruple by 2040 in the AEO2013 Reference case U.S. natural gas exports trillion cubic feet 6 5 4 Exports to Mexico 3 Exports to Canada 2 Lower 48 LNG exports 1 Alaska LNG exports 0…
  11. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 11
    Domestic natural gas production grows faster than consumption and the U.S. becomes a net exporter of natural gas around 2020 U.S. dry gas trillion cubic feet History 2011 Projections 35 30 25 Consumption 20 Domestic supply 15 10…
  12. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 12
    U.S. Tight Oil Adam Sieminski, Energy Council March 09, 2013 12
  13. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 13
    Domestic production of tight oil has grown dramatically over the past few years tight oil production for select plays million barrels per day 2.2 Eagle Ford 2.0 Bakken 1.8 Granite Wash 1.6 Bonespring 1.4 Monterey 1.2 Woodford 1.0…
  14. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 14
    U.S. tight oil production leads a growth in domestic production of 2.6 million barrels per day between 2008 and 2019 U.S. crude oil production million barrels per day History 2011 Projections 8 STEO Feb. 2013 U.S. crude oil…
  15. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 15
    U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades annual U.S. net exports of total petroleum products, 1949 2011 million barrels per day 4 3 net product 2 exporter exports 1 0 -1 net…
  16. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 16
    U.S. dependence on imported liquids depends on both supply and demand U.S. liquid fuel supply million barrels per day History 2005 2011 Projections 25 20 Consumption 15 37% 60% 45% Net imports 10 Domestic supply 5 0…
  17. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 17
    Light-duty vehicle liquids consumption is lower primarily due to more stringent CAFE standards light-duty vehicle liquids consumption million barrels per day 10 AEO2012 8 AEO2013 6 4 2 0 2010 2015 2020 2025 2030 2035…
  18. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 18
    Global tight oil production comparisons IEO2013 DRAFT BP Energy Outlook 2030 12 million barrels per day 10 Australia China Russia Argentina 8 Mexico Canada United States 6 4 2 0 2000 2010 2020 2030 Source:…
  19. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 19
    EIA Data & the Importance of Cooperation with the States Adam Sieminski, Energy Council March 09, 2013 19
  20. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 20
    Groundwater Protection Council (GWPC) The Ground Water Protection Council (GWPC) consists of state ground water regulatory agencies (spun out of the IOGCC) The purpose is to promote and ensure the use of best management practices…
  21. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 21
    Risked Based Data Management System (RBDMS) More than 22 regulatory agencies use the RBDMS data management system for tracking oil, gas, injection well and water protection activities Since 1992, development of RBDMS software…
  22. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 22
    Oil and gas wells drilled in 2012 and RBDMS partners Currently talking to TX, CA, LA, and WV Adam Sieminski, Energy Council March 09, 2013 22
  23. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 23
    Objectives of EIA-GWPC partnership Increase public availability of timely, accurate, and comprehensive U.S. oil and gas production data Continually strive to meet emerging data needs such as current need for shale production data…
  24. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 24
    EIA GWPC/RBDMS Working Together to Improve Oil/Gas Data Availability and Quality Phase 1: Central data repository consisting of the latest available data from each RBDMS state pilot project, proof of concept for 4 states underway now…
  25. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 25
    Annual natural gas well starts and natural gas production in Pennsylvania wells started billion cubic feet per day 3,500 7.0 3,000 6.0 2,500 5.0 2,000 4.0 1,500 3.0 1,000 2.0 500 1.0 0 0.0 2005 2006 2007 2008 2009 2010…
  26. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 26
    North Dakotas oil/gas information model ND Dept of Mineral Resources provides timely, complete and reliable oil and gas data and information Data collection streamlined and automated electronic only advanced edit procedures applied…
  27. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 27
    Why EIA matters to you Data from all states in one location: comparisons/rankings/maps Data-mining to routine monthly data retrievals Context and perspective: short and longer term outlooks Webinars, workshops, conferences Energy…
  28. Status and outlook for shale gas and tight oil development in the US for The Energy Council – EIA – slide 28
    For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/forecasts/aeo Short-Term Energy Outlook www.eia.gov/forecasts/steo International Energy Outlook…

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