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LOGA | AADE Lafayette | 1.16.17

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Presentation by Louisiana Oil & Gas Association Marketing Director Ben Broussard to AADE Lafayette Chapter meeting. Speaker contact ben@loga.la

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LOGA | AADE Lafayette | 1.16.17

  1. 1. Renewable RefineryGains NaturalGasLiquids CrudeOil Million Barrels 0 2.25 4.5 6.75 9 8.9 3.3 1.1 1.1 U.S. Supply
  2. 2. MillionBarrels/Day 0 12.5 25 37.5 50 US CHINA EUROPE S.AMERICA ESTOFWORLD 42 7 15 11 19 World Demand 95 Million Barrels Per Day
  3. 3. this never made sense OPEC & Russia $35 $70 $105 $140 Qatar Kuw ait Angola UAE Saudia Arabia Iraq Venezuela Libya Algeria Nigeria Ecuador Iran Russia $104 $140 $121$124$124 $116 $112 $120 $98$98$95 $70 $60
  4. 4. OPEC Production 38 Million bpd $31 / BBL $1.2 B OPEC Production 36 Million bpd $70 / BBL $2.5 B Cut 2 Million bpd Saudi economical nonsense
  5. 5. $0 $40 $80 $120 $160 1/1/707/1/711/1/737/1/741/1/767/1/771/1/797/1/801/1/827/1/831/1/857/1/861/1/887/1/891/1/917/1/921/1/947/1/951/1/977/1/981/1/007/1/011/1/037/1/041/1/067/1/071/1/097/1/101/1/127/1/131/1/15 We Have Been Here BeforeCrude Oil Annual Average Price 1970-2015 (Adjusted for Inflation) Oil Embargo Iranian Revolution Crash of 86 Iraq Invaded Kuwait Southeast Asia Economic Downturn Invasion of Iraq Peak Oil Mania Saudis War for Market Share
  6. 6. 2000 2002 2004 2006 2008 2010 2012 2014 Current 53 35 82 969998 70 54 147 64 58 50 38 28 2323 27 3.4 1.9 4 333 44 13 6 7 9 6 5 3 444 4 3 5 6 9 7 6 13 4 4 3 3 3 4 1.9 3.4 Oil & Gas Prices No Longer Dependent on Each Other Oil Natural Gas
  7. 7. NATURAL GAS
  8. 8. SABINE PASS
  9. 9. LNG Projects in Louisiana 14 total projects announced $89B announced investment from 9 companies Current Construction: Cameron LNG Received Federal Nod: Lake Charles LNG Magnolia LNG Cameron LNG Extension awaiting feds: Calcasieu Pass Plaquemines LNG G2 LNG Driftwood LNG
  10. 10. louisiana drilling
  11. 11. Louisiana Average Rigs 1968 - 2016 125 250 375 500 68 72 76 80 84 88 92 96 00 04 08 12 16 487 126 88 192 46 Lowest month ever recorded 9/1992 76 rigs
  12. 12. Louisiana Rig Count Sept 1992 (Lowest Recorded Week) Current North La 10 23 South La Land 22 4 Inland Water 9 1 Offshore 35 22 TOTAL 76 50 Baker Hughes
  13. 13. Legal Climate Continues to Plague Louisianas Industry Cameron Parish
 11 Suits | 113 Companies & 195 defendants jefferson Parish
 7 Suits | 42 Companies & 74 defendants Plaquemines Parish
 21 Suits | 42 Companies & 74 defendants 400+ Legacy Lawsuits
  14. 14. industry job losses 6,500 jobs lost in Acadiana
 20,000 jobs lost in Louisiana 60,000 jobs lost in Texas *440,131 jobs lost worldwide
  15. 15. 2017 Operator CapEx forecast 7% -Graves & CO.
  16. 16. 80 85 90 95 100 Q1 2012 Q3 2012 Q1 2013 Q3 2013 Q1 2014 Q3 2014 Q1 2015 Q3 2015 Q1 2016 Q3 2016 Q1 2017 Q3 2017 Q1 2018 Q3 2018 They want what we have World Production World Consumption EIA 2017
  17. 17. Governor John Bel Edwards
  18. 18. State Budget Turmoil FY 2016 July 1, 2015 - June 30, 2016 FY 2017 July 1, 2016 - June 30, 2017 $300 Million $2.0 Billion
  19. 19. BIG TAX INCREASES ON INDUSTRY Rule Change Prior to session 4/1/16 - 6/30/16 7/1/16 - 6/30/18 Labor, materials, services & supplies for drilling rigs 0% 5% 3% Repairs in LA for property shipped out of state 0% 4% 2% Repairs & maintenance of manufacturing equipment 4% 5% 3% Rental & lease of certain oilfield property for re-rent 0% 5% 3%
  20. 20. THREE SESSIONS?! CONFUSion
  21. 21. CURRENT YEAR | 2017 taxes
  22. 22. “The Trump administration could address concerns with the proposed offshore Air Quality Rule and the financial assurances and bonding NTL, and even expedite a new five year program…” -
  23. 23. GOOD NEWS OPEC Cuts / Prices PETROCHEMICAL sector FEDERAL EXPORT BAN LIFTED
  24. 24. Ben Broussard Director of Marketing Louisiana Oil & Gas Association ben@loga.la

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