Association of New Mexico Annual Meeting August 3, 2016 New Mexico - - PowerPoint PPT Presentation

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Association of New Mexico Annual Meeting August 3, 2016 New Mexico - - PowerPoint PPT Presentation

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BLM BLM New Mexico August 3, 2016 IPANM Annual Meeting Independent Petroleum Association of New Mexico Annual Meeting August 3, 2016 New Mexico BLM New Mexico August 3, 2016 IPANM Annual Meeting BLM-NM Onshore Oil and Gas

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SLIDE 1

Independent Petroleum Association of New Mexico

Annual Meeting August 3, 2016

New Mexico

BLM

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 2

BLM-NM Onshore Oil and Gas Management Program Overview

BLM has:

  • 245 million acres of land
  • 700 million acres of

subsurface estate

  • Nearly 1/3 of the nation’s

mineral estate

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 3

BLM-NM Onshore Oil and Gas Management Program Overview

BLM-NM has:

  • One of the largest oil

and gas programs in the Bureau

  • Over 45 million acres of

mineral estate

  • Over 2 million acres of

Native American (Indian) mineral estate

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 4

BLM-NM Onshore Oil and Gas Management Program Overview

Onshore oil production on federal lands (2014) Onshore gas production on federal lands (2014)

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

Source: Office of Natural Resources Revenue. It does not include Indian lands.

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SLIDE 5

NM Oil and Gas Lease Statistics

(July 18, 2016)

Footnotes:

1 Socorro has no producing leases, but about 70,000 acres of

leases are committed to the Cottonwood Canyon CO2 Unit and are currently held by the unit

2 About 82% of leases and leased acres are in producing status

Office Leases Producing Leases Leased Acres Producing Leased Acres Carlsbad 4,366 3,573 1,899,934.030 1,574,142.17 Farmington 2,545 2,336 1,831,996.974 1,681,452.184 Las Cruces 54 4 59,927.38 5,793.31 Rio Puerco 44 23 46,191.07 26,605.56 Roswell 892 562 590,840 398,307.44 Socorro1 52 82,795.42 Taos 115 113 83,436.83 82,239.97 Totals2 8068 6611 4,595,121.704 3,768,540.630 BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 6

Region Number

  • f

Sales* Bonus Bid Percent of Overall Bonus Bids Received CO 2 $10,222,673 22.1370% ES 3 $1,710 0.0036% MT/DK 2 $145,614 0.3153% NV 3 $31,028 0.0672% NM 2 $28,586,361 61.9031% UT 2 $330,546 0.7158% WY 2 $6,861,288 14.8580% Total 16 $46,179,220 100.00%

FY 2016 Lease Sale Proceeds

July 18, 2016

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 7

100 200 300 400 500 600 700 800 900 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016*

Permian Basin San Juan Basin

Oil and Gas Prices Drop Price of Natural Gas Falls Major Natural Gas Infill Drilling Program

In 2012, Oil Price rises; Bone Springs Play heats up; Start of Mancos-Gallup Horizontal Well Development in San Juan Basin

Approved APDs, FY 2007-2016 (*through July 18, 2016)

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 8

200 400 600 800 1000 1200 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016*

CFO RFO FFO RPFO

Approved APDs by Field Office FY 2007-2016, YTD (July 18, 2016)

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 9

APD Statistics for FY 2016, YTD (as of July 18, 2016)

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 10

Average APD Approval Times (*as of July 18, 2016)

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

20 40 60 80 100 120 140 160 180

Total Days Total Operator Days Total BLM Days

Carlsbad Roswell Farmington

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SLIDE 11

Disbursements to State of New Mexico

FY 2007-2014

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

$0.00 $100,000,000.00 $200,000,000.00 $300,000,000.00 $400,000,000.00 $500,000,000.00 $600,000,000.00 $700,000,000.00 2007 2008 2009 2010 2011 2012 2013 2014 2015

Disbursement

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SLIDE 12

Partnerships

  • Permian Basin

programmatic agreement

  • Implementation

2012 Sec. Potash Order

  • Shut-in well policy

development

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 13

Current BLM Initiatives

Hydraulic Fracturing (HF) Rule

  • June 21, 2016 – U.S. District

Court in Wyoming struck down HF rule. BLM will appeal at the 10th Circuit

simmonsandfletcher.com

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 14

Current BLM Initiatives

Venting and Flaring Proposed Rule

  • Comment period closed

April 22, 2016

  • Received 330,000

comments

Status

  • Comment review and

technical changes

  • Publish Fall 2016

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 15

Current BLM Initiatives

Onshore Orders 3, 4, and 5

  • Onshore Order 3: Site

Security

  • Onshore Order 4: Oil

Measurement

  • Onshore Order 5: Gas

Measurement

Status

  • Preparing final rules
  • Publish late summer 2016

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 16

Current BLM Initiatives

Onshore Order 1: Approval of Operations

  • Electronic filing of

NOS/APDs via AFMSS2

Status

  • Proposed rule published July 28th
  • https://federalregister.gov/a/2016
  • 17400
  • Comments accepted until August

29th

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 17

Current BLM Initiatives

AFMSS2 APD/NOS Module

Status

  • Implemented AFMSS 2 in

BLM NM

  • Staggered start
  • Full implementation by
  • Oct. 2016

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 18

Current BLM Initiatives

Shut-in Well Policy

  • Concerns temporary

abandonment procedures and shut in well requirements

  • One consistent policy
  • Guidance to field offices

and operators Status

  • Field Offices currently

reviewing

  • Finalize in early August

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 19

RMP Updates

Carlsbad Resource Management Plan (RMP) Revision

  • September 2016 - 90-day public comment period begins
  • January 2017 - Public comment analysis and revisions
  • Winter 2017-2018 - Proposed RMP and ROD published

Farmington RMP-A: Mancos-Gallup Amendment

  • Draft document expected in 2017

Tri-County RMP: Supplemental Draft EIS

  • Summer 2017 – Publish Supplemental Draft EIS

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting

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SLIDE 20

Questions? stions?

BLM – New Mexico

August 3, 2016 – IPANM Annual Meeting