Economic Impacts o fthe Shale Revolution in North America. Mark Nelson OGIF Xian, P. R. China September 25 th, 2013

Size: px
Start display at page:

Download "Economic Impacts o fthe Shale Revolution in North America. Mark Nelson OGIF Xian, P. R. China September 25 th, 2013"

Transcription

1 Economic Impacts o fthe Shale Revolution in North America Mark Nelson OGIF Xian, P. R. China September 25 th, 2013

2 Cautionary Statement The following presentation includes forward looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results. Actual outcomes and results may differ materially from what is expressed or forecast in such forward looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict such as oil and gas prices; refining and marketing margins; operational hazards and drilling risks; potential failure to achieve, and potential delays in achieving expected reserves or production levels from existing and future oil and gas development projects; unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; international monetary conditions and exchange controls; potential liability for remedial actions under existing or future environmental regulations or from pending or future litigation; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions, as well as changes in tax, environmental and other laws applicable to ConocoPhillips business and other economic, business, competitive and/or regulatory factors affecting ConocoPhillips business generally as set forth in ConocoPhillips filings with the Securities and Exchange Commission (SEC). Use of non GAAP financial information This presentation may include non GAAP financial measures, which help facilitate comparison of company operating performance across periods and with peer companies. Any non GAAP measures included herein will be accompanied by a reconciliation to the nearest corresponding GAAP measure in an appendix. Cautionary Note to U.S. Investors The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We use the term "resource" in this presentation that the SEC s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10 K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website. 2

3 Economic Impacts of Shale Revolution in North America Today s Discussion Overview of the current North American shale developments Supply and demand impacts of shale gas on the gas market Implications of the new supply and demand balance on US economy Eagle Ford shale development and impacts on local economy Positive environmental impacts of shale developments Investment conditions that supported shale developments Conclusion: Shale gas revolution will provide significant benefit to the US economy for decades to come, and could provide similar benefits for the Chinese economy. 3

4 North American Shale Gas Plays 4 Source: U.S. Energy Information Administration Geographic diversity across the continent

5 Shale Gas Development in North America Shale gas has generated a rapid impact with long term future potential Shale Gas Production (Bcfd) North American Production (Bcfd) Eagle Ford Montney, Horn River Marcellus U.S. & Canada Demand Haynesville Fayetteville 60 Shale Production 8 4 Woodford Barnett Non Shale Production Source: Wood McKenzie % 20% 43% 52% 54% Shale % of Production 5

6 Shale Revolution and its Effect on the Economy Shale revolution in North America has had dramatic effect on the economy Lowered energy and feedstock costs Increased oil and gas investment and employment Multipliers of economic activity from that employment A re industrialization of the US Low cost energy with supply abundance Lower cost petrochemical feedstock Significant impacts to local economies Environmental benefits of gas utilization 6

7 Shale Gas Supply Demand Impacts in North America Lower prices and expanded gas supply Improved US competitiveness Lower input costs for manufacturing A tipping point in regards to costs/risk? A re shoring of jobs to the US? Rebalancing toward oil development improves overall economic returns for shale development New drilling equilibrium Price ($US/mscf) Source: EIA Natural Gas Market Demand vs Price $7.33 $ Quantity (Bcfd) Number of Rigs Gas Rigs American Chemistry Council S 1 S Market demand Oil Rigs Source: Baker Hughes 7

8 Key Areas of Impact to the National Economy Employment impacts Direct: Employment in shale gas production activities Indirect: Supported by purchases of supply chain Induced: Supported by the spending of those employed Significant revenues for federal, state and local tax bases Taxes from shale production Taxes on employment, sales taxes, etc Lower costs for manufacturing 8

9 Unconventional Resource Impact to Employment Employment in Unconventional Value Chain Number of workers Upstream 1,750,000 2,990,000 3,500,000 Midstream/Downstream 324,000 74,000 57,000 Petro Chemicals 53, , ,000 Totals 2,127,000 3,341,000 3,876,000 Induced 47% Direct 22% Source: IHS Indirect 31% 9

10 Tax Revenue Generation from Shale Developments Millions USD Activity Upstream Energy 63, , ,300 1,436,300 Midstream/ Downstream 9,800 2,200 1,700 63,100 Petro Chemicals 1,700 10,400 12, ,200 Total Government Revenue Private Lease Payments 74, , ,400 1,614, ,100 11,700 90% of all tax revenues generate from the upstream oil and gas production Tax revenue benefits split ~50%/50% between federal and state/local entities Income taxes, sales and severance taxes, royalties, etc Source: IHS 10

11 Shale Gas Impacts on Petrochem Industry in US 11 Creating competitive advantage for US manufacturers for decades Lower cost energy/electricity supplies Low cost ethane feed stock Reliable supplies at reasonable pricing Thru Mar 2013, 100 new petrochemical investments announced Over $70 B investment 1.2 million job years of employment thru 2020 Export focused projects Source: American Chemistry Council Report Million barrels per day Cents per gallon 2.6 NGL Production Growth Mt. Belvieu Prices Propane Ethane

12 12 Local Economic Benefits of Eagle Ford Development 2012 $46 Billion in economic impact (green counties) Oil and gas production Mid and downstream investments 86,000 full time jobs $3.3 Billion in salaries $3.0 Billion in royalties $800 MM in local taxes $1.1 Billion in state taxes $250 MM in sales tax increases Housing, schools hospitals, universities Additional benefits for surrounding six counties (orange) 30,000 full time jobs $250 MM in state revenues University of Texas San Antonio Institute for Economic Development

13 ConocoPhillips Activities in Eagle Ford Focus on condensate window Operating 11 rigs (industry ~200) Leader in drilling efficiency Shift to pad drilling Integrated operations center provides real time field surveillance Eagle Ford Spud to Rig Release (Days per 10,000 ft) COP s Base and Development Production Mboepd (net) Base Production Development Production Source: ConocoPhillips 13

14 Polling Results: Perceptions of the Oil and Gas Industry The community recognizes the benefit of oil and gas industry presence. 70% 60% 50% 40% 30% 20% 10% 0% Karnes City, TX Kenedy, TX Eagle Ford Polling Project July 19,

15 Polling Results: Perceptions of the Oil and Gas Industry 70% 60% 50% Does the oil and gas industry bring value to your community? 93% Karnes City, TX Kenedy, TX 40% 30% 20% 10% 0% Completely Agree Agree Neutral Disagree Completely Disagree 93% of our sample either Agreed or Completely Agreed that the oil and gas industry brings value to their communities. When asked how the industry brings value, we received multiple responses. The larger the word, the more it was mentioned in the response. 15

16 Environmental Benefits of Shale Gas Revolution Gas fired power generation provides Clean Energy for Crowded Places Clean burning Half the greenhouse gas emissions of coal Small acreage and water footprint Can site closer to demand Combined cycle gas powered plants use less water than coal fired or nuclear plants No solids disposal issues A 10% decrease in the cost of electrical power in the U.S. for average consumer Fuel Source Kg CO 2 per MWh Biomass 1358 Coal 1022 Oil 760 Natural Gas 516 Renewables 0 Source: California State Polytechnic University 16

17 U.S. Shale Gas Helped Reduce CO 2 Emissions Electricity generation (TWh/yr) Renewables Natural Gas +21% CO 2 emissions from fossil fuel electricity generation (Million MT) 6,500 6, Coal 5,500 1% 2 Nuclear, Hydro, Other 5, , Gas displacement of coal has been key driver in reducing CO 2 emissions Source: U.S. Department for Energy, Short Term Energy Outlook, May 2013.

18 Investment Conditions that Support Shale Development Access to technical and geologic data Lower barriers to access to shale resources Timely government approvals for such access Terms that are appropriate for characteristics of shale development More transparent access to infrastructure (pipelines) and market Balanced regulations; economics and environmental stewardship 18

19 Looking to the Future Shale is the great energy story of 21 st century Economic benefits nationally and locally are transformational Direct: Employment, output, and taxes Indirect: Supported by supply chain purchases Induced: Supported by the spending of those employed Economic competitiveness for industries from lower cost, stable supplies of gas Environmental benefits to society from greater utilization of gas in energy mix

20 20 Thank You

Low Price Environment and the Impact on Unconventional Resource Developments

Low Price Environment and the Impact on Unconventional Resource Developments Low Price Environment and the Impact on Unconventional Resource Developments Mark Nelson Vice President Commercial & Communications ConocoPhillips China October 16, 2015 Cautionary Statement The following

More information

Medium-Term Global Oil Outlook

Medium-Term Global Oil Outlook Medium-Term Global Oil Outlook Fifth IEA OPEC Symposium on Energy Outlooks Session Two: Industry Views Remarks by Marianne Kah Chief Economist Cautionary Statement The following presentation includes forward-looking

More information

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,

More information

Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska. Remarks by Marianne Kah Chief Economist

Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska. Remarks by Marianne Kah Chief Economist Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska Remarks by Marianne Kah Chief Economist Cautionary Statement The following presentation includes forward-looking statements.

More information

3Q15 Conference Call. Oct. 29, 2015

3Q15 Conference Call. Oct. 29, 2015 3Q15 Conference Call Oct. 29, 2015 Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings,

More information

4Q14 Conference Call. Jan. 29, 2015

4Q14 Conference Call. Jan. 29, 2015 4Q14 Conference Call Jan. 29, 2015 Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings,

More information

1Q16 Conference Call. April 28, 2016

1Q16 Conference Call. April 28, 2016 1Q16 Conference Call April 28, 2016 Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings,

More information

Decommissioning and P&A in the Future

Decommissioning and P&A in the Future Decommissioning and P&A in the Future Tim Croucher Decommissioning and Abandonment Manager ConocoPhillips Norway Cautionary Statement The following presentation includes forward-looking statements. These

More information

SOUTHWESTERN ENERGY HIGHLIGHTS STRATEGIC INITIATIVES AND PLANS FOR 2016

SOUTHWESTERN ENERGY HIGHLIGHTS STRATEGIC INITIATIVES AND PLANS FOR 2016 NEWS RELEASE SOUTHWESTERN ENERGY HIGHLIGHTS STRATEGIC INITIATIVES AND PLANS FOR 2016 Houston, Texas February 25, 2016... Southwestern Energy Company (NYSE: SWN) today provided an update on its strategic

More information

1Q14 CONFERENCE CALL. Jeff Sheets, EVP, Finance & CFO Matt Fox, EVP, Exploration & Production. May 1, 2014

1Q14 CONFERENCE CALL. Jeff Sheets, EVP, Finance & CFO Matt Fox, EVP, Exploration & Production. May 1, 2014 1Q14 CONFERENCE CALL Jeff Sheets, EVP, Finance & CFO Matt Fox, EVP, Exploration & Production May 1, 2014 Cautionary Statement The following presentation includes forward-looking statements. These statements

More information

Dominion Expanding to Meet the Needs of the Marcellus and Utica Shales

Dominion Expanding to Meet the Needs of the Marcellus and Utica Shales Dominion Expanding to Meet the Needs of the Marcellus and Utica Shales 2012 INGAA Foundation Spring Meeting April 11 13, 2012 Josh Eakle Gas Business Development Dominion Transmission, Inc. Important Note

More information

Upstream Developments Generate Growing Hydrocarbon Gas Liquids Supply! Alan Farquharson, SVP - Reservoir Engineering & Economics!

Upstream Developments Generate Growing Hydrocarbon Gas Liquids Supply! Alan Farquharson, SVP - Reservoir Engineering & Economics! Upstream Developments Generate Growing Hydrocarbon Gas Liquids Supply! Alan Farquharson, SVP - Reservoir Engineering & Economics! June 16, 2015 Forward-Looking Statements Certain statements and information

More information

Suzanne Minter. Manager, Oil and Gas Consulting BENTEK Energy. Natural Gas Outlook

Suzanne Minter. Manager, Oil and Gas Consulting BENTEK Energy. Natural Gas Outlook Suzanne Minter Manager, Oil and Gas Consulting BENTEK Energy Natural Gas Outlook North American Natural Gas The Fertilizer Institute November, 2014 2013 Platts, McGraw Hill Financial. All rights reserved.

More information

Outlook for Oil and Natural Gas Markets

Outlook for Oil and Natural Gas Markets Outlook for Oil and Natural Gas Markets Helen Currie, PhD Senior Economist Legislative Finance Committee State of New Mexico 09-July-2014 Farmington, New Mexico Cautionary Statement The following presentation

More information

Well productivity in the top shale gas plays has largely stalled

Well productivity in the top shale gas plays has largely stalled Four of the top seven U.S. shale gas plays have peaked The top seven shale gas plays account for 88% of current production and 88% of the EIA s forecast of cumulative production through 2040. But four

More information

Propane Sources. Prepared For The: ICF International. Michael Sloan

Propane Sources. Prepared For The: ICF International. Michael Sloan ICF INTERNATIONAL Propane Supply Sources and Trends Prepared For The: National Propane Gas Association (NPGA) August 2012 ICF International 9300 Lee Highway Fairfax, VA, 22031 Contact Information: Michael

More information

Turning Brownfields into Clean Energy. Today s Discussion

Turning Brownfields into Clean Energy. Today s Discussion Turning Brownfields into Clean Energy NOVEMBER 18, 2009 Today s Discussion Chesapeake Energy: Who are we? Barnett Shale overview What lead us to purchase Brownfields? Making a positive impact in Fort Worth

More information

Gas/NGL Developments from Western Canada to the US Midwest

Gas/NGL Developments from Western Canada to the US Midwest Gas/NGL Developments from Western Canada to the US Midwest Purvin & Gertz International LPG Seminar March 7, 2012 Tim Stauft, President Aux Sable Canada About Alliance/Aux Sable Alliance is a 1.6 bcf/d

More information

North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future

North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future Updated Supply Demand Outlook Background Executive Summary June 28, 2011 Sufficient midstream natural gas infrastructure,

More information

Join Together With Demand:

Join Together With Demand: A RBN Energy Drill Down Report Copyright 2015 RBN Energy Join Together With Demand: The Who and How of Marcellus/Utica Midstream MarkWest Processing and Fractionation Plants 1. Introduction RBN Pipeline

More information

2015 SRI FIELD TRIP TO CANADA. ROYAL DUTCH SHELL September 15, 2015

2015 SRI FIELD TRIP TO CANADA. ROYAL DUTCH SHELL September 15, 2015 2015 SRI FIELD TRIP TO CANADA ROYAL DUTCH SHELL September 15, 2015 1 DEFINITIONS AND CAUTIONARY NOTE The New Lens Scenarios referred to in this presentation are part of an ongoing process used in Shell

More information

Jefferies 2015 Global Energy Conference. Torgrim Reitan, EVP Development and Production USA

Jefferies 2015 Global Energy Conference. Torgrim Reitan, EVP Development and Production USA Jefferies 2015 Global Energy Conference Torgrim Reitan, EVP Development and Production USA November 11, 2015 Statoil Key Facts EQUITY PRODUCTION 1.927 million barrels of oil equivalent per day in 2014

More information

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014 Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North

More information

Western Canada Business Unit. Closing the Gap- the Journey to Integrated Operations Excellence

Western Canada Business Unit. Closing the Gap- the Journey to Integrated Operations Excellence Western Canada Business Unit Closing the Gap- the Journey to Integrated Operations Excellence Cautionary Statement The following presentation includes forward-looking statements. These statements relate

More information

COMPANY UPDATE FIRST QUARTER 2016 RESULTS

COMPANY UPDATE FIRST QUARTER 2016 RESULTS COMPANY UPDATE FIRST QUARTER 2016 RESULTS ROYAL DUTCH SHELL 4 MAY 2016 Copyright of Royal Dutch Shell plc May 4, 2016 1 SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC 2 DEFINITIONS & CAUTIONARY

More information

GeoResources, Inc. Reports First Quarter Financial and Operational Results

GeoResources, Inc. Reports First Quarter Financial and Operational Results GeoResources, Inc. Reports First Quarter Financial and Operational Results Reports First Quarter Adjusted Net Income of $11.5 Million or $0.44 Per Share and Adjusted EBITDAX of $30.4 Million Houston, Texas,

More information

Implications of Abundant Natural Gas

Implications of Abundant Natural Gas Implications of Abundant Natural Gas JAE EDMONDS AND HAEWON MCJEON APRIL 2013 May 29, 2013 1 Background May 29, 2013 2 The natural gas revolution The application of technologies for accessing unconventional

More information

14 th U.S. China Oil & Gas Industry Forum

14 th U.S. China Oil & Gas Industry Forum 14 th U.S. China Oil & Gas Industry Forum Shaolin Li PetroChina International (America) Inc. 1 Outline U.S. Energy Industry Changes and Trends U.S. LNG Export Outlook and Policy Issues China Natural Gas

More information

Oil and Gas U.S. Industry Outlook

Oil and Gas U.S. Industry Outlook Oil and Gas U.S. Industry Outlook VERSION 01 YEAR 13 OUTLOOK: Positive fundamentals & outlook www.eulerhermes.us Key points WTI Crude is expected to continue to converge to Brent crude prices, narrowing

More information

Platts 3 rd Annual Midstream Development & Management Conference - Houston, Texas

Platts 3 rd Annual Midstream Development & Management Conference - Houston, Texas Platts 3 rd Annual Midstream Development & Management Conference - Houston, Texas Rodney L. Waller Senior Vice President May 21, 2010 Platts 3 rd Annual Midstream Development & Management Conference l

More information

Operational Review and Outlook

Operational Review and Outlook TD Newcrest Oil Sands Conference Calgary July 2009 Operational Review and Outlook Paul M. Boechler Chief Financial Officer Trading Information Strategy Flint s Markets and Geographic Footprint Business

More information

Monitoring of the Ekofisk field with 4D seismic data from a permanently installed seafloor system. Per Gunnar Folstad, ConocoPhillips

Monitoring of the Ekofisk field with 4D seismic data from a permanently installed seafloor system. Per Gunnar Folstad, ConocoPhillips Monitoring of the Ekofisk field with 4D seismic data from a permanently installed seafloor system Per Gunnar Folstad, ConocoPhillips april 28, 2016 Cau$onary Statement The following presentabon includes forward-

More information

first quarter 2016 earnings conference call and webcast

first quarter 2016 earnings conference call and webcast first quarter 2016 earnings conference call and webcast Pat Yarrington Vice President and Chief Financial Officer Joe Geagea Executive Vice President, Technology, Projects and Services Frank Mount General

More information

NEWS RELEASE. - Page 1 -

NEWS RELEASE. - Page 1 - NEWS RELEASE SOUTHWESTERN ENERGY ANNOUNCES SECOND QUARTER 2016 RESULTS, IMPROVED GUIDANCE, OUTCOMES OF FINANCIAL STRENGTHENING EFFORTS AND RESUMPTION OF DRILLING AND COMPLETION ACTIVITY Houston, Texas

More information

LI LI, CFA BERKELEY RESEARCH GROUP, LLC 1800 M Street NW, 2 nd Floor Washington, DC Direct:

LI LI, CFA BERKELEY RESEARCH GROUP, LLC 1800 M Street NW, 2 nd Floor Washington, DC Direct: Curriculum Vitae LI LI, CFA BERKELEY RESEARCH GROUP, LLC 1800 M Street NW, 2 nd Floor Washington, DC 20036 Direct: 202.747.5066 lili@thinkbrg.com SUMMARY Li Li provides expertise in gas, liquefied natural

More information

U.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator

U.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase

More information

Nordea Asset Management. Our Approach on Climate Change

Nordea Asset Management. Our Approach on Climate Change Nordea Asset Management Our Approach on Climate Change Introduction Scientific fact base The Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report concludes that Climate change and

More information

Trends in the oil and gas markets

Trends in the oil and gas markets Trends in the oil and gas markets Danske Markets oil and gas seminar Oslo, 12.06.12 Ottar Skagen, Statoil CFO Macroeconomics and Market Analysis Oil prices on a rollercoaster since the mid 2000s Source:

More information

Spectra Energy Reports First Quarter 2012 Results

Spectra Energy Reports First Quarter 2012 Results Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 4, 2012 Spectra Energy Reports First Quarter 2012 Results Reported net income from

More information

Oil & Gas Market Outlook. 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016

Oil & Gas Market Outlook. 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016 Oil & Gas Market Outlook 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016 Challenging Market Environment Concerns that global economic growth will slow and reduce global oil and natural

More information

Shale Gas A Game Changer

Shale Gas A Game Changer Shale Gas A Game Changer CWC World LNG Series: America Summit, Hilde Nafstad, President, Statoil Natural Gas LLC March 17, 2010 Forward looking statements This Operating and Financial Review contains certain

More information

SPINDLETOP OIL & GAS CO.

SPINDLETOP OIL & GAS CO. FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED MARCH

More information

Energy Industry. Valuing the great shale play

Energy Industry. Valuing the great shale play Energy Industry Valuing the great shale play Once considered an unconventional resource, shale gas today is viewed by many as an important component of the domestic energy portfolio. If your company is

More information

Third LAC Tax Policy Forum

Third LAC Tax Policy Forum Third LAC Tax Policy Forum Cooperative Compliance - a business perspective Wilbert Huijbens; Tax Manager; Shell International BV Montevideo, Uruguay; DEFINITIONS AND CAUTIONARY NOTE Resources: Our use

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 For Columbia University New York, NY By Adam Sieminski U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Key results from (AEO215)

More information

Shale Gas: Its Not Just in North America Anymore

Shale Gas: Its Not Just in North America Anymore Shale Gas: Its Not Just in North America Anymore John Veil 410-212-0950 john@veilenvironmental.com www.veilenvironmental.com GWPC Annual Forum Atlanta, GA September 25-28, 2011 Topics for Discussion Importance

More information

Enable Midstream Partners, LP

Enable Midstream Partners, LP Enable Midstream Partners, LP NAPTP 2015 MLP Investor Conference May 20, 2015 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking

More information

A Guide to Competition and Regulatory Policy During Interesting Times

A Guide to Competition and Regulatory Policy During Interesting Times Appendix Figures for the White Paper: Allocating Investment Risk in Today s Uncertain Electric Industry: A Guide to Competition and Regulatory Policy During Interesting Times Susan Tierney Analysis Group

More information

An Outlook for Natural Gas. Laszlo Varro Head of Gas, Coal and Power

An Outlook for Natural Gas. Laszlo Varro Head of Gas, Coal and Power An Outlook for Natural Gas Laszlo Varro Head of Gas, Coal and Power The march of gas is not new The ratio of global gas and oil production 0.7 0.6 0.5 Non conventional gas Qatar 0.4 0.3 0.2 Liberalization

More information

Third Quarter 2015 Swift Energy Company November 5, 2015

Third Quarter 2015 Swift Energy Company November 5, 2015 Third Quarter 2015 Swift Energy Company November 5, 2015 Forward Looking Statements The material included herein which is not historical fact constitutes forward-looking statements within the meaning of

More information

The Role of Natural Gas in Texas and America CEA Meeting August 24 th, 2010

The Role of Natural Gas in Texas and America CEA Meeting August 24 th, 2010 The Role of Natural Gas in Texas and America CEA Meeting August 24 th, 2010 About ANGA Our Mission America's Natural Gas Alliance exists to promote the economic, environmental and national security benefits

More information

Challenges and Opportunities for Small Businesses Engaged in Energy Development and Energy Intensive Manufacturing

Challenges and Opportunities for Small Businesses Engaged in Energy Development and Energy Intensive Manufacturing Statement of Toby Mack, EEIA President, Before the U.S Senate Committee on Small Business and Entrepreneurship July 14, 2015 Challenges and Opportunities for Small Businesses Engaged in Energy Development

More information

Displacement of Coal with Natural Gas to Generate Electricity

Displacement of Coal with Natural Gas to Generate Electricity Displacement of Coal with Natural Gas to Generate Electricity The American Coalition for Clean Coal Electricity (ACCCE) supports a balanced energy strategy that will ensure affordable and reliable energy,

More information

American Electric Technologies Inc

American Electric Technologies Inc SECURITIES & EXCHANGE COMMISSION EDGAR FILING American Electric Technologies Inc Form: 8-K Date Filed: 2015-11-16 Corporate Issuer CIK: 1043186 Copyright 2015, Issuer Direct Corporation. All Right Reserved.

More information

Investments in Private Energy Partnerships

Investments in Private Energy Partnerships Investments in Private Partnerships August 2010 Private energy partnership investments offer a meaningful addition to a diversified private equity or real asset portfolio. Over the past 20 years, private

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

North America Midstream Infrastructure through 2035: Leaning Into the Headwinds

North America Midstream Infrastructure through 2035: Leaning Into the Headwinds North America Midstream Infrastructure through 2035: Leaning Into the Headwinds Prepared by ICF International for The INGAA Foundation, Inc. Detailed Study Methodology and Results INGAA Foundation Final

More information

Sunoco Logistics Partners L.P. Second Quarter 2015 Earnings Conference Call August 6, 2015

Sunoco Logistics Partners L.P. Second Quarter 2015 Earnings Conference Call August 6, 2015 Sunoco Logistics Partners L.P. Second Quarter 2015 Earnings Conference Call August 6, 2015 Forward-Looking Statements You should review this slide presentation in conjunction with the second quarter 2015

More information

Spectra Energy Reports Fourth Quarter and Year-End 2011 Results

Spectra Energy Reports Fourth Quarter and Year-End 2011 Results Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: February 2, 2012 Spectra Energy Reports Fourth Quarter and Year-End 2011 Results Company

More information

Upstream Matters! 2015 Update

Upstream Matters! 2015 Update MMBOE MMBOE BEG/CEE, Research Snapshot, March 216 1 Upstream Matters! 215 Update To better understand upstream economics in the U.S., we benchmark a sample of producers with large domestic positions. Our

More information

Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum.

Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum. Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum. Today, I am going to discuss Wood Mackenzie s view about the opportunities

More information

Battle for Henry Hub

Battle for Henry Hub Copyright 2014 RBN Energy and BTU Analytics Battle for Henry Hub Natural Gas Oversupply - Ominous Implications for Henry Hub Pricing Figure 1 - The Battle An onslaught of surplus natural gas supply is

More information

(713) 627-5353 (713) 627-4747 (24-hour media line) (713) 627-4600. Date: May 3, 2013

(713) 627-5353 (713) 627-4747 (24-hour media line) (713) 627-4600. Date: May 3, 2013 Media: Analysts: Caitlin Currie (713) 627-5353 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 3, 2013 Spectra Energy Reports First Quarter 2013 Results Reported net income

More information

Tuesday, March 5, 2013 Houston, TX. 9:00 10:10 a.m. KEYNOTE ADDRESS: HYDROCARBON HAT TRICK HOW SHALE IS IMPACTING THE ECONOMY

Tuesday, March 5, 2013 Houston, TX. 9:00 10:10 a.m. KEYNOTE ADDRESS: HYDROCARBON HAT TRICK HOW SHALE IS IMPACTING THE ECONOMY Tuesday, March 5, 2013 Houston, TX 9:00 10:10 a.m. KEYNOTE ADDRESS: HYDROCARBON HAT TRICK HOW SHALE IS IMPACTING THE ECONOMY Presented by Jesse Thompson Business Economist Federal Reserve Bank of Dallas,

More information

Drilling Productivity Report

Drilling Productivity Report Independent Statistics & Analysis U.S. Energy Information Administration e 216 For key tight oil and shale gas regions Bakken Marcellus Utica Niobrara Permian Haynesville Eagle Ford The seven regions analyzed

More information

SWIFT ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS

SWIFT ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS 17001 NORTHCHASE DR., SUITE 100, HOUSTON, TEXAS 77060 SWIFT ENERGY COMPANY COMPANY CONTACT: Doug Atkinson Manager Investor Relations (281) 874-2700, (800) 777-2412 FOR IMMEDIATE RELEASE SWIFT ENERGY ANNOUNCES

More information

Casper Wind Power Project Using Our Land Wisely

Casper Wind Power Project Using Our Land Wisely Casper Wind Power Project Using Our Land Wisely Chevron Global Power Company The solutions are not either/or. It s not a choice between more drilling or more efficiency. It s not a choice between coal

More information

World Energy Outlook London, 12 November

World Energy Outlook London, 12 November World Energy Outlook 2013 London, 12 November The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles: importers are becoming exporters

More information

Global Oil & Gas Suite

Global Oil & Gas Suite IHS ENERGY Global Oil & Gas Suite Comprehensive analysis and insight on upstream opportunities, risk, infrastructure dynamics, and downstream markets Global Oil & Gas Suite Make optimal decisions about

More information

BIOX ANNOUNCES 2016 FIRST QUARTER RESULTS

BIOX ANNOUNCES 2016 FIRST QUARTER RESULTS PRESS RELEASE TSX symbol: BX BIOX ANNOUNCES 2016 FIRST QUARTER RESULTS TORONTO, February 4, 2016 - BIOX Corporation (BIOX) (TSX: BX), a renewable energy company that designs, builds, owns and operates

More information

Energy Value Chains. What is a Value Chain?

Energy Value Chains. What is a Value Chain? Energy s Overview of Fundamentals Center for Energy Economics, UT-Austin. No reproduction, distribution or attribution without permission. 1 What is a? The process of linking specific functions from input

More information

Canadian Oil Sands. Enhancing America s Energy Security

Canadian Oil Sands. Enhancing America s Energy Security Canadian Oil Sands Enhancing America s Energy Security May 2011 The importance of Canada s oil sands stems from the value of oil to our economy and energy security. Global demand for energy continues to

More information

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007 Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses July 2007 Introduction California and other western states are actively pursuing a variety of

More information

Some micro- and macro-economics of offshore wind*

Some micro- and macro-economics of offshore wind* Some micro- and macro-economics of offshore wind* EPSRC SUPERGEN Wind Energy Hub University of Strathclyde May 2016 Fraser of Allander Institute Energy Modelling Team Fraser of Allander Institute Department

More information

Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments

Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments January 2015 Corporate Scope 2 accounting has traditionally been relatively straight forward. Common

More information

IAMU Natural Gas Pricing Impact to the Iowa Electric Power Generator 10/2/13 Jim Borowicz Key Energy Services, LLC

IAMU Natural Gas Pricing Impact to the Iowa Electric Power Generator 10/2/13 Jim Borowicz Key Energy Services, LLC IAMU Natural Gas Pricing Impact to the Iowa Electric Power Generator 10/2/13 Jim Borowicz Key Energy Services, LLC Natural Gas Pricing Supply Transportation Capacity How Natural Gas is Priced Futures Contract

More information

Energy BUSINESS PLAN 2015 18 ACCOUNTABILITY STATEMENT THE MINISTRY LINK TO GOVERNMENT OF ALBERTA STRATEGIC DIRECTION

Energy BUSINESS PLAN 2015 18 ACCOUNTABILITY STATEMENT THE MINISTRY LINK TO GOVERNMENT OF ALBERTA STRATEGIC DIRECTION Energy BUSINESS PLAN 205 8 ACCOUNTABILITY STATEMENT This business plan was prepared under my direction, taking into consideration the government s policy decisions as of October 5, 205. original signed

More information

Local government fiscal impacts of oil and gas development

Local government fiscal impacts of oil and gas development Shale Public Finance Local government fiscal impacts of oil and gas development Richard Newell, Gendell Professor of Energy and Environmental Economics, Nicholas School of the Environment Daniel Raimi,

More information

Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources. Total System Levelized Cost Based on EIA LCOE

Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources. Total System Levelized Cost Based on EIA LCOE Comparison of CO 2 Abatement Costs in the United States for Various Low and No Carbon Resources Every year the Energy Information Administration (EIA) publishes its Annual Energy Outlook (AEO). In the

More information

Mexican Oil & Gas industry Investment opportunities post reform

Mexican Oil & Gas industry Investment opportunities post reform Mexican Oil & Gas industry Investment opportunities post reform Eagle Ford Consortium Meeting January 29th 2014 Texas A&M International University Student Center Ballroom Laredo, Texas Antonio Juárez January

More information

NATion and north carolina

NATion and north carolina Energy Challenges for the NATion and north carolina NOIA s mission is to secure reliable access to the nation s valuable offshore energy resources in order that they may be developed, produced and supplied

More information

Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB

Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB www.superiorplus.com Forward-Looking Statements and Information This presentation is for information purposes only and is not intended

More information

China s growing energy demand: some international implications

China s growing energy demand: some international implications China s growing energy demand: some international implications Dr David Robinson Senior Research Fellow OIES 17 October 2013 NOG Stockholm 1 Outline Introduction China s energy demand v. policy objectives

More information

Carbon Credits: An Opportunity for Forest Landowners. Hughes Simpson Texas Forest Service

Carbon Credits: An Opportunity for Forest Landowners. Hughes Simpson Texas Forest Service Carbon Credits: An Opportunity for Forest Landowners Hughes Simpson Texas Forest Service Carbon and Greenhouse Gases How can we mitigate Carbon / GHGs? Reduce emissions Stop burning fossil fuels Improve

More information

Waste Management Announces Fourth Quarter and Full Year 2007 Earnings. Increases Earnings per Diluted Share by 32.6% in Fourth Quarter of 2007

Waste Management Announces Fourth Quarter and Full Year 2007 Earnings. Increases Earnings per Diluted Share by 32.6% in Fourth Quarter of 2007 For Further Information: Waste Management, Inc. Analysts: Greg Nikkel - 713.265.1358 Media: Lynn Brown - 713.394.5093 Web site: http://www.wm.com Waste Management Announces Fourth Quarter and Full Year

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

Hydropower as an integrated part of the aluminium business

Hydropower as an integrated part of the aluminium business Hydropower as an integrated part of the aluminium business Arvid Moss, Executive Vice President and Head of Energy and Corporate Business Development January 17, 2013 Hydro s new platform 01 (2) Hydro

More information

Second-Quarter 2014 Earnings Conference Call. August 6, 2014

Second-Quarter 2014 Earnings Conference Call. August 6, 2014 Second-Quarter 2014 Earnings Conference Call August 6, 2014 Investor Notices Safe Harbor Some of the information provided in this presentation includes forward-looking statements as defined by the Securities

More information

Greening Fossil Fuels

Greening Fossil Fuels Greening Fossil Fuels Joan F. Brennecke University of Notre Dame American Chemical Society Summer School on Green Chemistry and Sustainable Energy July 23, 2013 Outline World energy demand Role of fossil

More information

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives SaskPower CCS Global Consortium Bringing Boundary Dam to the World Mike Monea, President Carbon Capture and Storage Initiatives 1 Purpose of Today A. CCS around the world B. What SaskPower is doing C.

More information

Main Street. Economic information. By Jason P. Brown, Economist, and Andres Kodaka, Research Associate

Main Street. Economic information. By Jason P. Brown, Economist, and Andres Kodaka, Research Associate THE Main Street ECONOMIST: ECONOMIST Economic information Agricultural for the and Cornhusker Rural Analysis State S e Issue p t e m b2, e r 214 2 1 Feed de er ra al l RR e es se er rv ve e BBa an nk k

More information

Exploring for high-value barrels. Tim Dodson, Executive Vice President Exploration, Statoil Swedbank Nordic Energy Summit 19 March 2015

Exploring for high-value barrels. Tim Dodson, Executive Vice President Exploration, Statoil Swedbank Nordic Energy Summit 19 March 2015 Exploring for high-value barrels Tim Dodson, Executive Vice President Exploration, Statoil Swedbank Nordic Energy Summit 19 March 2015 Forward looking statements This presentation contains certain forward-looking

More information

Wood Pellets for Power and Heat. Gordon Murray, Executive Director

Wood Pellets for Power and Heat. Gordon Murray, Executive Director Wood Pellets for Power and Heat Gordon Murray, Executive Director Bioenergy overview Carbon cycle What are wood pellets and how are they made? Pellets for power Pellets for heat The wood pellet industry

More information

MANAGING HSSE. shell.com/standards shell.com/safety. 2 Managing HSSE. HSSE & SP Control Framework

MANAGING HSSE. shell.com/standards shell.com/safety. 2 Managing HSSE. HSSE & SP Control Framework Managing HSSE 1 HSSE in shell People who work for Shell drive nearly 1.5 billion kilometres a year to deliver fuel and other products. They build new plants in extreme conditions, work on remote offshore

More information

Energy Productivity & Pricing

Energy Productivity & Pricing Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and

More information

Process safety in Shell

Process safety in Shell Process safety in Shell 1 Process safety in Shell Our assets are safe and we know it Given the nature of the risks involved, ensuring the safety and integrity of our assets is paramount to Shell. For us,

More information

Sinopec Corp. Announces FY2010 Interim Results

Sinopec Corp. Announces FY2010 Interim Results Sinopec Corp. Announces FY2010 Interim Results Beijing, People s Republic of China (PRC) 22 August, 2010 China Petroleum & Chemical Corporation ( Sinopec Corp. or the Company ) (CH: 600028; HKEX: 386;

More information

Crude Oil and LNG Exports

Crude Oil and LNG Exports Crude Oil and LNG Exports Yale Alumni in Energy Conference April 2015 Claudia Duncan Crude Oil Export Policy - History 1920: Mineral Leasing Act Endows federal government with authority to manage exploration

More information

China Clean Energy Announces Third Quarter 2011 Financial Results

China Clean Energy Announces Third Quarter 2011 Financial Results China Clean Energy Inc. ccontact: China Clean Energy Inc. William Chen, CFO Email: william.chen@chinacleanenergyinc.com Website: http://www.chinacleanenergyinc.com CCG Investor Relations Inc. David Rudnick,

More information

CONE Midstream Partners LP. 1Q 2016 Earnings May 5, 2016

CONE Midstream Partners LP. 1Q 2016 Earnings May 5, 2016 CONE Midstream Partners LP 1Q 2016 Earnings May 5, 2016 Disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements

More information