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Louisiana

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Louisianas Working Coastline – PowerPoint PPT presentation

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Title: Louisiana


1
LouisianasWorking Coastline
Coastal Protection Restoration Financing
Corporation Board Meeting Wednesday, July 30, 2008
2
WE CAN HAVE IT ALL!
3
Our Core Functions
  • Managing State-Owned Mineral Assets
  • Office of Mineral Resources
  • Regulating Oil, Gas, and Coal
  • Office of Conservation
  • Environmental Restoration of Coastal Louisiana
  • Office of Coastal Restoration and Management

4
Louisianas Master Plan
The Louisianas Comprehensive Master Plan was
unanimously approval by the Coastal Protection
and Restoration Authority and the Louisiana
Legislature.
5
Master Plan Receives National Award
National Association of Environmental
Professionals
6
Annual Oil Natural Gas Prices Louisiana Light
Sweet Crude Henry Hub
Oil - 14.21 Gas - 2.05
Oil - 128.46 Gas - 9.27
2008-2009 Budget Projection 84.23 /
barrel 9.07 / mcf
7
Oil Natural Gas PricesLast 12 Months Average
Prices
8
A Closer Look Worldwide Production Demand
Demand 85.4 Production - 84.6
9
U.S. Production Demand1998-2007
Demand - 20.7 ( 24 of world) Production - 8.5
(10 of world)
10
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11
Refineries Processing Facilities
  • Louisiana Has
  • 19 operating refineries
  • 17 of U.S. refining capacity at 2.97 million
    barrels per day of refinery throughput
  • 2nd largest refinery in the U.S. - Exxon Baton
    Rouge at the capacity of 503,000 barrels per day
  • 7 world scale refineries of over 200,000 barrels
    per day each of refining capacity
  • 11.3 of U.S. Crude Oil imports come through the
    Louisiana Offshore Oil Port (LOOP)

12
Pipelines
Intrastate Mileage Interstate Mileage
Hazardous Liquid Trans. 4,840 12,173
Natural Gas Transmission 6,461 23,035
Natural Gas Distribution 39,001
13
Outer Continental Shelf (Louisiana)
  • LA OCS territory is the most extensively
    developed and mature OCS territory in the U.S.
  • Produces approximately 85.7 of the 17.2 billion
    barrels of crude oil and condensate, and 81.0 of
    the 165 TCF of natural gas extracted from all
    federal OCS territories from the beginning of
    time through the end of 2007.
  • Currently, LA OCS territory produces 22.2 of the
    oil and 10.5 of the natural gas produced in
    theentire U.S., and 89.4 of the oil and 73.5
    of the natural gas produced in the Gulf of Mexico
    OCS

14
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15
Lease Sale 181
16
Statistics
Energy
Energy Production Including OCS
Energy Production Excluding OCS
4th in crude oil 5th in natural gas 8th in
total energy (2005)
  • 1st in OCS crude oil
  • 1st in OCS natural gas
  • 1st OCS revenue generated for federal government
  • 1st in foreign oil import volume

Refining and Petrochemicals
1st in natural gas processing capacity 2nd in
petroleum refining capacity 2nd in primary
petrochemical production
17
Where Do We Rank? 1st Crude Oil Production

18
Where Do We Rank? 2nd Natural Gas Production

19
Historical Look at Production Gulf of Mexico
Hurricanes Katrina Rita
20
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21
Average Royalty Comparison Louisiana vs. Federal
OCS Leases
22
Louisiana Historical Mineral Income Selected
Years
Fiscal Year Bonuses Rent Royalties Oil and Gas Severance Taxes Total Mineral Income
2007-2008 61,175,021 29,820,735 693,034,893 965,847,187 1,749,877,836
2003-04 23,036,042 11,038,338 366,148,710 488,454,819 888,677,909
1998-99 18,502,389 22,539,018 150,525,097 231,420,273 422,986,776
Based upon information published by the
Department of Revenue, 97.63 of total severance
taxes are attributable to oil and gas. Oil and
gas severance taxes in this table were estimated
using this percentage.Note The above figures
represent State General Fund revenues and are net
of royalties and severance taxes distributed to
the parishes.Source ISIS (state accounting
system)
23
Mineral IncomeFiscal Year 2007 2008
TOTAL 1,749,877,836
24
Oil Severance Tax Rates
25
Natural Gas Severance Tax Rates
Varies
26
Oil Gas Severance Tax by Parish Fiscal Year
06-07
Total 885,402,494
3
27
Oil Gas State Royalty by ParishFiscal Year
06-07
Total 519,528,610
28
Petroleum Helicopters, Inc. Boothville, LA
29
Shell Mars Platform
Before
After
30
Tank Battery - Cameron, LA
31
Venice, LA
32
Henry Hub Erath, LA
33
Non-Traditional Resources
  • A Changing Energy Environment

34
Liquefied Natural Gas
  • LNG is simply natural gas in liquid form. It is
    the same natural gas that more than 64 million
    U.S. homeowners use every day.
  • Natural gas is converted to LNG by cooling it to
    -260 degrees F, at which point it becomes a
    liquid.
  • This process reduces its volume by a factor of
    more than 600.
  • The U.S. Department of Energy estimates that by
    2030 LNG will need to make up 16 of the U.S.
    natural gas supply, up from 2.8 in 2005.

35
LNG Facilities
36
Coal Seam Natural Gas Activity
  • 45 coal seam natural gas wells currently
    producing
  • Southwestern Energy Production Company is the
    leading company

37
  • Lignite Production in Louisiana Compared to Total
    U.S. Coal Production
  • 3,972,715 tons (ranked 19th out of 26 states)
  • 4,143,997 tons (ranked 18th out of 26 states)
  • 3,322,942 tons

Dolet Hills Lignite Mine Electric dragline
300 ft. boom
Pickup Truck
85 yd. bucket
38
Haynesville ShaleHype or the Real Deal?
39
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40
CARBON EMISSIONSLieberman Warner Bill (S.3036)
  • Federal program to reduce the United States
    greenhouse gas emissions substantially enough
    between 2007 2050 to prevent the catastrophic
    impacts of global climate change
  • Based on a cap and trade system
  • A cap limits emissions from a designated group
    of polluters, such as power plants, to a level
    lower than their current emissions. The emissions
    allowed under the new cap are then divided up
    into individual permitsusually equal to one ton
    of pollutionthat represent the right to emit
    that amount.

41
Louisiana The Red, White, Blue Green State
  • Capturing and disposing of CO2 has come into high
    demand due to the global warming debate.
  • Sequestering CO2 by pumping it into depleted oil
    and gas reservoirs is the most cost effective
    option.
  • Develop an environmental industry of CO2
    sequestering in underground storage reservoirs
    and Louisiana is ideally situated to serve the
    nations energy needs.
  • Utilize the available and economic source of CO2
    to allow for the injection recovery processes to
    develop old oil and gas fields.
  • Estimates show that 15.7 billion barrels of oil
    lie stranded in Louisiana oil fields 5.9 billion
    barrels may be recoverable using CO2 injection
    techniques.

42
Example of CO2 In Practice
Denbury Resources CO2 Activity According to
Denbury Resources, the companys tertiary CO2
operations in southwest Mississippi has produced
has over 12,000 barrels per day in the fourth
quarter of 2007, an increase of 31 over the
fourth quarter of 2006. Additionally, the
initial stages for a tertiary project has begun
for the Lockhart Crossing Field in Louisiana.
SOURCE DENBURY RESOURCES INC.
43
Louisiana is Taking the Lead
  • 2008 Regular Session
  • House Bill 1117 (Act 315) Signed by the Governor
  • Provides for the storage of CO2 in depleted
    reservoirs
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