Analysis o of Produced a and Imported Crude O Oil in California - - PowerPoint PPT Presentation
Analysis o of Produced a and Imported Crude O Oil in California California Department of Conservation, Division of Oil, Gas, and Geothermal Resources Jason Marshall, Chief Deputy Director, Department of Conservation Bill Bartling, Chief
California Department of Conservation, Division of Oil, Gas, and Geothermal Resources
Jason Marshall, Chief Deputy Director, Department of Conservation Bill Bartling, Chief Deputy Director, Division of Oil, Gas, And Geothermal Resources August 2018
20 40 60 80 100 120 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 1981 1986 1991 1996 2001 2006 2011 2016
Oil Price thousands of barrels Total Oil California Production Oil Price
0% 2% 4% 6% 8% 10% 1980 1985 1990 1995 2000 2005 2010 2015 2020 % change year on year
Total Oil Calfornia Production
$0.00 $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 $70.00 $80.00 $90.00 $100.00 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2012 2013 2014 2015 2016 2017 $ PER BARREL 1000’S OF BBLS PER YEAR
Selected US Production By Year and Price
Texas
Alaska California
Oklahoma Price
PRAC = Proved Reserve Acquisition Cost FDC = Finding and Development Costs RRC = Reserve Replacement Cost Revisions = restating of booked reserves due to low oil prices
10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
BARRELS PER YEAR
California Production by Field by Year
Aliso Canyon Ant Hill Antelope Hills Antelope Hills, North Arroyo Grande Asphalto Bandini Bardsdale Barham Ranch Beer Nose Belgian Anticline Bellevue Bellevue, West Belmont Offshore Belridge, North Belridge, South Beverly Hills Big Mountain Blackwells Corner Brea-Olinda Buena Vista Burrel Cabrillo Canal Canfield Ranch Carneros Creek Cascade Casmalia Castaic Hills Cat Canyon Cheviot Hills Chico-Martinez Cienaga Canyon Coalinga Coles Levee, North Coles Levee, South Comanche Point Coyote, East Cuyama, South Cymric Deer Creek Del Valle Devils Den Edison El Segundo Elk Hills Elwood, South, Offshore Fruitvale Greeley Hasley Canyon Helm Holser Honor Rancho Huntington Beach Hyperion Inglewood Jacalitos Jasmin Kern Front Kern River Kettleman Middle Dome Kettleman North Dome Landslide Las Cienegas Livermore Lompoc Long Beach Long Beach Airport Los Angeles Downtown Los Angeles, East Lost Hills Lost Hills, Northwest Lynch Canyon Mahala McCool Ranch McDonald Anticline McKittrick Midway-Sunset Montalvo, West Montebello Monument Junction Mount Poso Mountain View Newhall-Potrero Newport, West Oak Canyon Oak Park Oakridge Oat Mountain Ojai Olive Orcutt Oxnard Paloma Placerita Playa Del Rey Pleito Poso Creek Pyramid Hills Railroad Gap Raisin City Ramona Richfield Rincon Rio Bravo Rio Viejo Riverdale Rose Rosecrans Rosecrans, South Rosedale Rosedale Ranch Round Mountain Russell Ranch Salt Lake Salt Lake, South San Ardo San Miguelito San Vicente Sansinena Santa Clara Avenue Santa Fe Springs Santa Maria Valley Santa Susana Sargent Saticoy Sawtelle Seal Beach Semitropic Sespe Shafter, North Shiells Canyon South Mountain Stockdale Tapia Tapo Canyon, South Tejon Tejon Hills Tejon, North Temescal Ten Section Timber Canyon Torrance Torrey Canyon Union Avenue Ventura Wayside Canyon West Mountain Wheeler Ridge White Wolf Whittier Wilmington Yowlumne Zaca
20 40 60 80 100 120 140
500 1000 1500 2000 2500 3000 3500 4000 4500 5000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 CA Crude Oil Price ($/Barrel) Wells Noticed, Permitted and Drilled Year Total NOI (Requests to Drill) Drilling Permits Issued Wells Drilled Price of Oil
Relationship of:
Permits Issued
92 623 849 672 745 147 160 41
$0 $20 $40 $60 $80 $100 $120 100 200 300 400 500 600 700 800 900
2011* 2012* 2013* 2014** 2015** 2016 2017 2018 (1st Qtr.)
Price of CA Crude Oil Number of Treatments Year
Well Stim. Treatments Price of Oil
* Statistics from FracFocus. ** Statistics from interim reporting period.
Well Stimulation =
Fracturing
Stimulation