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Ohio Chamber of Commerce February 13, 2018 Richard Simmers, Chief - PowerPoint PPT Presentation

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Ohio Chamber of Commerce February 13, 2018 Richard Simmers, Chief Division of Oil and Gas Resources Management Ohio Department of Natural Resources Overview Horizontal Shale Activity 2,748 Total Permits 2,246 Wells Drilled 1,801 Wells

  1. Ohio Chamber of Commerce February 13, 2018 Richard Simmers, Chief Division of Oil and Gas Resources Management Ohio Department of Natural Resources

  2. Overview

  3. Horizontal Shale Activity 2,748 Total Permits 2,246 Wells Drilled 1,801 Wells Producing Horizontal Permitting Activity

  4. Horizontal Well Permits Issued by Year 3500 331 3000 Number of Permits 282 2500 514 2000 854 1500 1000 665 500 449 113 0 2011 2012 2013 2014 2015 2016 2017 Source: ODNR Division of Oil & Gas Methodology: Hrz Permit Issue Date

  5. Drilling Activity

  6. Cumulative Drilled Horizontal Wells 2500 291 2000 Drilled Horizontal Wells 340 1500 370 1000 541 500 399 201 31 0 2011 2012 2013 2014 2015 2016 2017 Source: ODNR Division of Oil & Gas Methodology: TD Date

  7. Horizontal Shale Rigs 70 60 Number of Horiziontal Rigs 50 40 30 20 10 0 2013 2014 2015 2016 2017 Source: ODNR Division of Oil & Gas

  8. Horizontal Shale Rigs 70 60 Number of Horiziontal Rigs 50 40 30 20 10 0 2013 2014 2015 2016 2017 Source: ODNR Division of Oil & Gas

  9. Horizontal Shale Rigs in Ohio Source: U.S. Energy Information Administration

  10. Horizontal Shale Rigs in Ohio – WTI Price Comparison Price per Barrel $100.00 $120.00 $20.00 $40.00 $60.00 $80.00 $- Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 U.S. Energy Information Administration Spot Prices Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Hrz Rigs WTI Crude May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan - 17 Feb - 17 Mar - 17 17-Apr 17-May 17-Jun 17-Jul 17-Aug 17-Sep 17-Oct 0 10 20 30 40 50 60 Number of Horizontal Rigs

  11. Horizontal Shale Rigs in Ohio – NYMEX Price Comparison Dollars per Million BTU 0 1 2 3 4 5 6 7 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 U.S. Energy Information Administration Spot Prices Jan-16 Mar-16 May-16 Hrz Rigs NYMEX Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 0 10 20 30 40 50 60 Number of Horizontal Rigs

  12. Production Update

  13. Cumulative Producing Horizontal Wells 2000 1800 Number of Producing Wells 241 1600 302 1400 1200 435 1000 800 433 600 400 311 200 9 77 0 2011 2012 2013 2014 2015 2016 2017 Source: ODNR Division of Oil & Gas Methodology: Qtr of First Production

  14. Shale Oil Production 7,000,000 6,000,000 5,000,000 Barrels 4,000,000 3,000,000 2,000,000 1,000,000 - 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr Qtr 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 Source: ODNR Division of Oil & Gas

  15. Shale Natural Gas Production (Billion Cubic Feet) 450,000,000 400,000,000 350,000,000 MCF (1,000 FT 3 ) 300,000,000 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr qtr Qtr 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 Source: ODNR Division of Oil & Gas

  16. Ohio Conventional Wells vs. Horizontal Wells U.S. Energy Information Administration Consumption Estimates

  17. Ohio Production vs. Ohio Consumption (MCF) Total Gas Production Total Consumption MCF 1,600,000,000 1,400,000,000 1,200,000,000 1,000,000,000 800,000,000 600,000,000 400,000,000 200,000,000 - 2011 2012 2013 2014 2015 2016 U.S. Energy Information Administration Consumption Estimates

  18. Natural Gas Pipelines Construction on natural gas interstate pipelines continued in 2017, as well as regional supply and gathering pipelines ShaleGasReporter U.S. Energy Information Administration Map Image

  19. Natural Gas Pipelines and Infrastructure • Construction on natural gas interstate pipelines continued in 2017, as well as regional supply and gathering pipelines • Development continues on natural gas processing facilities ShaleGasReporter U.S. Energy Information Administration Map Image

  20. Natural Gas Fired Power Plants Ten natural gas fueled power plants are in development across the state County Project Megawatts Status Lucas Oregon 960 Operational Carroll Carroll 742 Operational Trumbull Lordstown 940 Under Construction Warren Middletown 540 Under Construction Trumbull Trumbull 940 Approved Columbiana Southfield 1105 Approved Guernsey Guernsey 1100 Approved Monroe Hannibal Point 485 Approved Lucas Oregon 2 955 Approved Harrison Harrison 1050 Under Review 8,817 megawatts Ohio Power Siting Board, updated 2.8.2018

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