Assessing the 21st Century Realities for Global Oil and Gas Denver, CO August 15, 2017 Thomas A. Petrie, CFA Petrie Partners, Chairman
Topics Todays 21st Century Realities U.S. Oil Sector Strengths & Opportunities Gas Supply Advantage A Transformed Natural Gas Outlook U.S. A Probable Top 3 LNG Supplier Concluding Observations 1
Todays 21st Century Realities Sampling of Recent Headlines Oil Demand Proves A Slippery Stat 2
Todays 21st Century Realities The 2011 Arab Spring Skipped Summer and Morphed Into Winter Tunisia Iraq Iran Kuwait Algeria Libya Egypt Qatar Saudi Arabia UAE Mauritania Mali Niger Sudan Chad Three failed…
Todays 21st Century Realities Evolving Power Triangles Russia Turkey Iran China New view to Historical view: To US and West Saudi Arabia east India 4 These realignments dwarf the experiences of the second half of…
U.S. Oil Sector Strengths & Opportunities U.S. Legacy Infrastructure for Oil Exports Bakken Eastern Canada Puget Sound, WA Barge Transports Cushing, OK DJ Basin Europe San Francisco, CA SCOOP/STACK Los Angeles,…
U.S. Oil Sector Strengths & Opportunities U.S. Oil Production by Type in New Policies Scenario Thanksgiving Surprise of 14 12 Peak Concerns re: Peak Oil 10 8 Light Tight Oil MMBopd Other Unconventional Oil NGLS 6…
Gas Supply Advantage 30 Marcellus 25 Haynesville Woodford 20 Fayetteville Barnett Bcf / Day 15 10 5 0 2000 2005 2010 2015 2020 2025 2030 Source: The Future of Natural Gas, An Interdisciplinary MIT Study, page 35.…
Gas Supply Advantage Daily Feed Gas Flow to Sabine Pass 2.5 2.0 Tbtu / Day 1.5 Marcellus / Utica Cove Point 1.0 0.5 0.0 Jan-2016 Apr-2016 Jul-2016 Oct-2016 Jan-2017 Woodford Fayetteville Shale Plays Basins To CA…
A Transformed Natural Gas Outlook LNG Import Projections Pacific Basin Forecast Atlantic Basin Forecast Future growth from newer markets as traditional import markets mature LNG will play a growing role in Europe as domestic production…
A Transformed Natural Gas Outlook New LNG supply poles emerging in US Gulf Coast, Qatar and Australia QATAR US GULF COAST 2019 supply: 2019 supply: 81 mtpa 65 mtpa AUSTRALIA 2019 supply: 87 mtpa Source: HIS and Tellurian…
U.S. A Probable Top 3 LNG Supplier LNG demand expected to grow significantly from 2015 to 2030 Supply-demand gap projected to open shortly after 2020 as trade grows and existing production declines in certain regions 42 new LNG trains…
Concluding Observations Following Oil Lessons That are Time and Cycle Tested A new oil world is unfolding as on the margin, the U.S. is on the verge of becoming a key driver in the global oil supply equation The demonstrated…
Loading...
