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GSRMS Ben Broussard

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Presentation to GSRMS 2013 by LOGA Director of Marketing Ben Broussard on May 1st, 2013

www.loga.la
ben@loga.la

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GSRMS Ben Broussard

  1. 1. State of the Industry:LouisianaWednesday May 1st, 2013Ben BroussardDirector of Marketing & membership DevelopmentLouisiana Oil & Gas Association (LOGA)
  2. 2. LouisianaLouisianaResourcesResourcesTUSCALOOSA MARINE SHALE/TUSCALOOSA MARINE SHALE/EAGLE FORD LA SHALEEAGLE FORD LA SHALEBROWN DENSEBROWN DENSEULTRA DEEP FRONTIERULTRA DEEP FRONTIERHAYNESVILLE SHALEHAYNESVILLE SHALECOTTON VALLEYCOTTON VALLEYGULF OF MEXICOGULF OF MEXICO
  3. 3. Average Annual US Rig Count1949 - 20133974625
  4. 4. North LA - 40North LA - 40
  5. 5. 4040
  6. 6. Average North LA Rig ActivityAverage North LA Rig Activity2000 - 20122000 - 2012
  7. 7. HaynesvilleShale#1 Producing Natural Gas Field in US$14 Billion Est. Economic Impact in 2012$14 Billion Est. Economic Impact in 201260,000 Plus Jobs Supported by Shale in 201260,000 Plus Jobs Supported by Shale in 20121,700 Plus Producing Wells1,700 Plus Producing Wells2,207 Units as of 12/15/112,207 Units as of 12/15/11
  8. 8. Since October 2008, almost 2,200 wells haveSince October 2008, almost 2,200 wells havebeen completed in the Haynesvillebeen completed in the Haynesville
  9. 9. The big winnersThe big winners•PetrochemicalIndustry•Industrial•Consumers•Power Generation
  10. 10. Revolutionary Impacton LA Manufacturing•Statewide Impacts:•More than $26.7 billion in economic output over a nine-year period (2011-2019)•A cumulative increase of some 193,069 job-years•$9.4 billion increase in wages over a nine-yearconstruction period.•Regional Impacts:•Over $20 Billion in output•143,000 in job-years•$6.5 billion in wages
  11. 11. BrownDenseCompanies in The Dense-Devon-Southwestern EnergyPredominately North East PlayVery early stages of developmentdepths rage from 8,000’ to 11,000’
  12. 12. Tuscaloosa MarineShale / Eagle Ford LA
  13. 13. Tuscaloosa Marine Shale - 1
  14. 14. South LA Land - 19
  15. 15. Average Annual South LA LandAverage Annual South LA LandRig Activity 2000 - 2011Rig Activity 2000 - 2011
  16. 16. South LA Land - 19
  17. 17. Ultra-DeepFrontier 25,000’ -35,000’Middle/Lower Miocene - Wilcox - Frio -Tuscaloosa -Davy Jones
  18. 18. Inland Waters - 24
  19. 19. Average Annual Inland WaterAverage Annual Inland WaterDrilling Activity 2000 - 2013Drilling Activity 2000 - 2013
  20. 20. Gulf of Mexico - 45May 7, 2013
  21. 21. Prior MacondoPrior MacondoAverage Gulf of Mexico RigAverage Gulf of Mexico RigActivityActivity2000 - 20132000 - 2013
  22. 22. Gulf of MexicoGulf of Mexico
  23. 23. PermittingPermitting
  24. 24. PermittingPermitting
  25. 25. RIGS TORIGS TOREEFSREEFS
  26. 26. Squeezing gas from a stone
  27. 27. Hydraulic FracturingHydraulic FracturingHydraulic FracturingHydraulic Fracturing
  28. 28. Hydraulic FracturingFirst commercial “frac” job wasconducted in 1947States regulate hydraulicfracturingMore than 1 million wells hadbeen completed using thismethod by 1988Estimated that nearly 85% ofwills drilled today are completedusing hydraulic fracturingMultiple federally funded studieshave shown that there is no riskassociated with hydraulicfracturing
  29. 29. Water
  30. 30. Percentage of Water Used by Sectors
  31. 31. Governor JindalIncome TaxRepealGovernor JindalIncome TaxRepeal• Corporate Income Tax• Corporate Franchise Tax• Personal Income TaxREPEAL
  32. 32. Revenue NeutralThe Devil is in thedetailsCorporate Income TaxPersonal Income Tax Sales TaxExemptions$2.92 Billion Eliminate/Change468 ExemptionOil/Gas 23Increase Sales TaxRepeal
  33. 33. US to Export LNG
  34. 34. http://videos.loga.la
  35. 35. www.loga.la

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