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Ohio Oil and Gas Association

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Title: PowerPoint Presentation Author: Wanzhen Cen Last modified by: Mike Created Date: 2/15/2012 2:47:19 PM Document presentation format: On-screen Show (4:3) – PowerPoint PPT presentation

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Title: Ohio Oil and Gas Association


1
  • Ohio Oil and Gas Association
  • Oil and Gas 201

2
What is OOGA?
  • Founded in 1947, the Ohio Oil Gas Association
    strives to serve the broad range of entities
    involved in the Ohio oil and natural gas
    extractive industry.
  • The Ohio Oil Gas Association (OOGA) is a trade
    association with nearly 3,100 members involved in
    all aspects of the exploration, production and
    development of crude oil and natural gas
    resources within the State of Ohio.
  • Voice of the industry in Ohio to media, state and
    local governments and other industries.

3
Ohios Oil and Gas Development History
  • Counties with production
  • 79/88
  • Number of active wells
  • 64,378
  • Number of wells drilled
  • 275,774
  • Oil gas reservoirs have
  • been tested at depths
  • from less than 100 feet to
  • over 13,700 feet

4
Where are we now?
  • Utica Production
  • 1,743 Wells Permitted
  • 1,290 Wells Drilled
  • 718 Wells Producing
  • 46 Rigs Operating
  • 2014 Q3 compared to 2014 Q2
  • Production is up 49
  • Oil is up 540,000 barrels
  • Gas is up 43 billion cubic feet

5
Utica Well Status
6
Top Ten Most Active Utica Producers
  1. Chesapeake Exploration 743
  2. Gulfport Energy Corp 211
  3. Antero Resources 125
  4. American Energy Appalachia 113
  5. Eclipse Resources 92
  6. Hess Ohio Developments 68
  7. CNX Gas 47
  8. PDC Energy 36
  9. XTO Energy 35
  10. R. E. Gas Development 31

7
Top Ten Most Active Utica Counties
  1. Carroll 456
  2. Harrison 322
  3. Belmont 212
  4. Guernsey 168
  5. Noble 146
  6. Monroe 143
  7. Columbiana 117
  8. Jefferson 49
  9. Tuscarawas 19
  10. Washington 17

8
Where are we now?
  • Processing
  • MarkWest - Cadiz I and II and Seneca I and II
  • Ohio Oil Gathering - Black Run
  • Utica East Midstream - Kensington, Harrison Hub,
    Leesville
  • Pennant Midstream - Hickory Bend Processing
  • Blue Racer Midstream - Natrium I and II, Berne,
    Lewis
  • Kinder Morgan - Processing Plant
  • Total investment in eastern Ohio 6.6 Billion

9
Where are we now?
  • Investment
  • Vallourec Steel in Youngstown - 1.05 Billion
  • Carroll County Energy power plant - 800 Million
  • Husky Refinery upgrade - 400 Million
  • Schlumberger facility - 150 Million
  • Halliburton facility - 150 Million
  • Baker Hughes facility - 64 Million
  • Exterran building - 13 Million
  • VEC expansion - 2.5 Million
  • Triad Hunter building - 1.5 Million

10
What Is Up With Low Oil Prices?
  • Dropped to below 50.00 a barrel for first time
    in 5 years.
  • Plentiful Supply
  • Since shale, U.S. is producing the most oil in 30
    years
  • Weakening Demand
  • Slowdown in global economy
  • No Significant Reduction in OPEC Supply
  • Not protecting standard of 100.00 a barrel
  • Strong U.S. Dollar
  • 10 strengthen of dollar

11
Unemployment Numbers
  • Q2 of 2011 (Start of Shale) to Q4 of 2014 (Latest
    Numbers)
  • Morgan County 12.7                           
    6.7
  • Noble County 12.7                            5.7
  • Columbiana County 10.7                           
    4.8
  • Carroll County 10.4                           
    4.5
  • Guernsey County 10.4                           
    5.1
  • Stark County 10.0                            4.5
  • Tuscarawas County 9.1                             
    4.0
  • Washington County 8.3                             
    3.9

12
Major News Headlines
  • Fracking moves US crude output to highest level
    since 1989 - FuelFix
  • NiSource Resurface Roads Near Gas Processing
    Plant - Youngstown Business
  • Oil Boom Helps to Shrink U.S. Trade Deficit by
    22 - Wall Street Journal
  • New 30 million mill will support oil and gas
    industry - Warren Tribune Chronicle
  • The vast environmental and economic benefits of
    fracking - Akron Beacon Journal
  • Study Tax receipts up in shale counties -
    Youngstown Vindicator
  • New 125M pipeline planned in Utica shale play
    Columbus Business First
  • Mineral leases gives big boost to rural towns in
    Ohio New York Times

13
Regulations
  • Federal
  • Clean Water Act
  • Clean Air Act
  • Safe Drinking Water Act
  • State
  • Ohio Department of Natural Resources
  • Senate Bill 165
  • Senate Bill 315
  • House Bill 59
  • Local
  • Road Usage Maintenance Agreements

14
Challenges and Opportunities
  • Roads - RUMA
  • Water - Burning natural gas creates water
  • Air - Burning natural gas is cleaner than coal
  • Methane Green completions
  • Chemical Disclosed on FracFocus and First
    Responders
  • Injection wells Preferred method by US EPA
  • Earthquakes Ongoing review

15
Resources
  • Ohio Oil and Gas Association ooga.org
  • Energy in Depth energyindepth.org
  • Ohio Oil and Gas Energy Education Program
    oogeep.org
  • Ohio Shale Coalition ohiochamber.com
  • Ohio Department of Natural Resources
    ohiodnr.gov
  • Permits
  • Companies operating in Ohio
  • Rigs
  • Pipelines

16
(No Transcript)
17
Questions?
  • Mike Chadsey, Director of Public Relations
  • Ohio Oil and Gas Association
  • mike_at_ooga.org 330-714-1271
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