Natural Gas: A Conventional Fuel as an Unconventional Answer

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Anadarko CEO Jim Hackett spoke to students at Southern Methodist University about how our nation’s low-carbon future and economy rests on abundant, clean, American natural gas. His speech is part of …

Anadarko CEO Jim Hackett spoke to students at Southern Methodist University about how our nation’s low-carbon future and economy rests on abundant, clean, American natural gas. His speech is part of the prestigious Frank Pitts Lecture Series at the Maguire Energy Institute.

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  • 1. A Conventional Fuel as an Unconventional Answer Jim Hackett – Chairman, President and CEO January 14, 2010
  • 2. ENERGY FOR AMERICA Abundant Domestic Clean Affordable Jobs January 14, 2010 2
  • 3. NATURAL GAS: AN ABUNDANT RESOURCE TOTAL POTENTIAL RESOURCES (VALUES, TCF) 2,074.1 COALBED GAS RESOURCES TCF OF FUTURE TRADITIONAL GAS RESOURCES NAT GAS SUPPLY SHALE GAS (615.9 TCF) 58% INCREASE IN THE PAST 4 YEARS 1,836.4 Tcf INCREASE IN THE PAST 4 YEARS 237.7 Tcf PROVED RESERVES POTENTIAL GAS COMMITTEE REPORT, JUNE 2009 January 14, 2010 3
  • 4. UNCONVENTIONAL GAS: A GAME CHANGER UNCONVENTIONAL INCLUDES NATURAL GAS FROM SHALE FORMATIONS, COAL SEAMS AND TIGHT SAND TCF / YEAR January 14, 2010 4
  • 5. ENERGY FOR AMERICA Abundant Domestic Clean Affordable Jobs January 14, 2010 5
  • 6. NATURAL GAS PRODUCING STATES 32 OF 50 STATES HAVE PRODUCTION 85% SUPPLY FROM U.S. 97% SUPPLY FROM NO. AMERICA U.S. ENERGY INFORMATION ADMINISTRATION January 14, 2010 6
  • 7. SHALE PLAYS IN NORTH AMERICA Horn River Montney Deep Basin Colorado Group Bakken Cody Utica Gammon Mowry Antrim Baxter/Mancos Baxter/Mancos Niobrara Niobrara Marcellus/Ohio/Huron Marcellus/Ohio/Huron Mancos Mancos New Mulky Albany Lewis Pierre Woodford Fayetteville Fayetteville Barnett/Woodford Floyd-Neal Haynesville Haynesville Barnett Eagleford/Pearsall January 14, 2010 7
  • 8. ENERGY FOR AMERICA Abundant Domestic Clean Affordable Jobs January 14, 2010 8
  • 9. NATURAL GAS IS CLEANER VIABLE WIND / SOLAR NATURAL GAS RENEWABLE ENERGY MIX January 14, 2010 9
  • 10. NATURAL GAS IS CLEANER TYPICAL EMISSIONS FOR COAL-FIRED, OIL-FIRED, AND NATURAL GAS GENERATING PLANTS (POUNDS PER MEGAWATT-HOUR) U.S. ENERGY INFORMATION ADMINISTRATION, “NATURAL GAS ISSUES AND TRENDS,” 1998. COMPUTED USING EIA DATE BASED ON THE FOLLOWING CONDITIONS: A. COMBINED CYCLE (GAS/STEAM TURBINE PLANT) HEAT RATE OF 6,500 BTU/KW-HOUR (THERMAL EFFICIENCY=52.2%) B. SIMPLE CYCLE (GAS TURBINE PLANT) HEAT RATE OF 9,750 BTU/KW-HOUR (THERMAL EFFICIENCY=35.0%) January 14, 2010 10
  • 11. WE NEED MORE NATURAL GAS VEHICLES (NGVs) January 14, 2010 11
  • 12. THE NGV OPPORTUNITY The transportation sector accounts for 30% of U.S. CO2 emissions. Converting one heavy-duty truck from diesel to natural gas is the pollution-reduction equivalent of removing 325 cars from the road. There are more than 10 million NGVs worldwide, with only about 120,000 in the U.S. – ranking us 12th in the world. January 14, 2010 12
  • 13. ENERGY FOR AMERICA Abundant Domestic Clean Affordable Jobs January 14, 2010 13
  • 14. REDUCING VOLATILITY THROUGH GREATER SUPPLY NO SPIKE FROM IKE PRICE SPIKE FROM PRICE SPIKE KATRINA & RITA January 14, 2010 14
  • 15. ENERGY FOR AMERICA Abundant Domestic Clean Affordable Jobs January 14, 2010 15
  • 16. NATURAL GAS STRENGTHENS THE U.S. ECONOMY 2.8 MILLION 2008 TOTAL EMPLOYMENT 2.6 MILLION 2007 TOTAL EMPLOYMENT 2.4 MILLION 2006 TOTAL EMPLOYMENT January 14, 2010 16
  • 17. WE NEED YOU INVOLVED January 14, 2010 17
  • 18. WE NEED A DIVERSIFIED ENERGY PORTFOLIO PRIMARY ENERGY CONSUMPTION BY SOURCE & SECTOR, 2008 (Quadrillion Btu) SUPPLY SOURCES 37.1 23.8 22.5 7.3 8.5 PETROLEUM NATURAL GAS COAL RENEWABLE ENERGY NUCLEAR (Including hydro ~5%) % OF SOURCE % OF SECTOR DEMAND SECTORS 27.8 20.6 10.8 40.1 TRANSPORTATION INDUSTRIAL RESIDENTIAL ELECTRIC & COMMERCIAL POWER ENERGY INFORMATION ADMINISTRATION, ANNUAL ENERGY REVIEW, 2008 January 14, 2010 18
  • 19. WE NEED CLEANER ELECTRICITY GENERATION 1.6 Total 4,157 Billion kWh Electric Utility Plants 60.2% Independent Power Producers and Combined Heat & Power Plants 39.8% January 14, 2010 19
  • 20. WE NEED TO SWITCH TODAY 22.8% 68.5% January 14, 2010 20
  • 21. WE NEED CONSTRUCTIVE LEGISLATION 32 GOVERNORS 64 SENATORS 324 MEMBERS OF CONGRESS U.S. ENERGY INFORMATION ADMINISTRATION January 14, 2010 21
  • 22. A Conventional Fuel as an Unconventional Answer for Climate Change and National Security January 14, 2010