Post on 14-Aug-2015
Oil and Gas Leasing Oil and Gas Leasing Oil and Gas Leasing Oil and Gas Leasing Florida StateFlorida State--owned Waters owned Waters
Gulf Gulf of of Mexico:Mexico:Gulf Gulf of of Mexico:Mexico:A BriefingA Briefinggg
October 5, 2009
Geographic OrientationGeographic Orientation
Western Planning
Area
Central Planning
Area
Eastern Planning
AArea Area Area
Gulf of Mexico Gulf of Mexico -- Minerals Management Service Planning AreasMinerals Management Service Planning Areas
Federal/State BoundaryAtlantic Ocean
(3 Geographic Miles)
Smackover Trend
(3 Geographic Miles)(3 Nautical Miles)
Onshore Oil Trends
Federal/State BoundaryGulf of Mexico
(3 Marine Leagues)(9 Nautical Miles)
(10.36 Statute Miles)
Sunniland TrendTrend
Gulf of Mexico Production and RevenueGulf of Mexico Production and Revenue
Offshore Oil Development SequenceOffshore Oil Development SequenceOffshore Oil Development SequenceOffshore Oil Development Sequence
Geographical representation of locations for the 1,196 proved fields in the Gulf of Mexico. The bar heights in the figure are proportional to total proved reserves (barrel of oil equivalent) for each proved field by decade.
Source: OCS Report, MMS 2009-022, Estimated Oil and Gas Reserves
4 000 000 000$100 00
Historic Petroleum Production and Pricing:Onshore and State-owned Waters for Gulf of Mexico States
3,600,000,000
4,000,000,000
$90.00
$100.00
s p
er
Barr
el) Crude Oil
Texas
Louisiana
2,800,000,000
3,200,000,000
$70.00
$80.00
chase
rs (
Do
llars
Alabama
Mississippi
Florida
(BO
E)
2,000,000,000
2,400,000,000
$50.00
$60.00
ce b
y F
irst
Pu
rc
um
Pro
du
ctio
n
1,600,000,000
2,000,000,000
$40.00
$50.00
Acq
uis
itio
n P
ri
tew
ide P
etr
ole
u
800,000,000
1,200,000,000
$20.00
$30.00
de O
il W
ell
head
Sta
t
0
400,000,000
$-
$10.00
U.S
. C
rud
Crude Oil Data Source: Energy Information Administration - http://www.eia.doe.gov/Production Data for Individual States reported from Publicly Available Sources.
1930 1940 1950 1960 1970 1980 1990 2000
Summary of Actual Production and Revenues in StateSummary of Actual Production and Revenues in State--owned Watersowned Watersyy
Alabama Texas Louisiana Florida Mississippi
Supporting
State Waters(nautical miles) 3 NM 9 NM 3 NM 9 NM 3 NM
Coastline(statute miles) 50 miles 370 miles 450 miles 750 miles
(gulf-side) 30 milesInformation (statute miles) (gulf-side)
Start/Peak of Production in State-ownedWaters
1980s / 1990s 1950s / 1980s 1950s / 1980s n/a n/a
Production -Cumulative
Crude Oil Production in State-ownedWaters (bbl)
528,000 36,000,000 2,000,000,000 n/a n/a
Natural Gas Production in Production in State-ownedWaters (BOE)
560,000,000 727,000,000 2,163,000,000 n/a n/a
Direct Revenues from State-ownedWaters
$2.97 billion Undifferentiated Undifferentiated None None
Revenue -Cumulative
Waters
Direct Revenues from Federal OCS 8g Disbursements
$274 million $810 million $1.14 billion $2.4 million $25 million
Production and Revenue Data for Individual States reported from Publicly Available Sources.
Cumulative State Production for Onshore and StateCumulative State Production for Onshore and State--owned owned Waters Areas and Hypothetical Market ValuesWaters Areas and Hypothetical Market ValuesWaters Areas and Hypothetical Market ValuesWaters Areas and Hypothetical Market Values
Alabama1944 through 2008
Texas1932 through 2008
Louisiana1945 through 2008
Florida1943 through 2008
Mississippic.1951 through 2008
Historic Production for Onshore and
Crude Oil Production (bbl) 691,675,990 56,742,303,000 15,882,674,421 603,744,743 2,137,644,810
in State-owned Waters
Natural Gas Production (mcf) 8,745,520,020 416,218,251,641 150,361,591,360 638,865,674 10,635,730,038
Historic Production of Crude Oil at $70/bbl
$48.4 Billion $4.0 Trillion $1.1 Trillion $42.3 Billion $149.6 Billion
Value of Historic
Production at Today’s
Historic Production of Natural Gas at $5/mcf
$43.7 Billion $2.0 Trillion $0.7 Trillion $3.2 Billion $53.2 Billiono y
Market Prices
Summary of the Value of Historic $92.1 Billion $6.0 Trillion $1.8 Trillion $45.5 Billion $202.8 BillionProduction
Production Data for Individual States reported from Publicly Available Sources.Value Projections based on 2009 Pricing.
Overview of Development and ProductionOverview of Development and Production
JackJack--up drilling rig six miles off Dauphin Island, up drilling rig six miles off Dauphin Island, Alabama (Alabama (1991)1991)p g g p ,p g g p , (( ))
Aerial-view from Dauphin Island, AlabamaNatural Gas Production Platforms
Fort Morgan Peninsula, Alabama
South of Mobile BaySeptember 2009
Dauphin Island,Dauphin Island, Alabama
Ground-level View from Dauphin Island, AlabamaNatural Gas Production Platforms
South of Mobile Bay - September 2009
Fort Morgan Peninsula, Alabama
Natural Gas Production Platform4.5 Nautical Miles
Natural Gas Production Platform7.2 Nautical Miles
Natural Gas Production Platform2.6 Nautical Miles
Alabama
View to the Southeast from Eastern End of Dauphin Island, Alabama
End of PresentationEnd of Presentation