San Joaquin Valley’s Energy Independence

Jobs for Local Residents, Increased Revenues for Local

Governments

Opportunity for Energy Independence

“The fossil fuel deposits in

California are incredible.”

Governor Jerry Brown

For the first time in nearlytwo decades, as a nationwe are importing lessforeign oil than we’re producing here at home – and using less overall.

The time is now for a new strategy:

California Energy Production Today

Safe oil production has been occurring in CA for decades

CA is 3rd largest oil producer in US at 580,000 barrels per day

75% of CA oil is produced in the SJV, 70% in Kern County

Approx. 40% of oil used in California is produced here, import rest

Benefits of Oil Production in SJV

TODAY:

52,271 jobs and $4.08 billion in annual income

$23.6 billion in business sales $365 million in sales taxes; $386 million in

property taxes Kern County’s petroleum industry

contributes 20% of the county’s GDP

More Opportunity Exists . . .

15.4 billion barrels of oil trapped in the pores of shale rocks in the San Joaquin Valley

1750 square mile area represents 2/3rds of U.S. shale resources

. . . With Additional Benefits

If the San Joaquin Valley Can Unlock the Monterey Shale Reserves in the Future:

Up to 195,000 new jobs $22 billion in personal income gains $6.7 billion in additional revenue for state

and local governments, giving Boards of Supervisors opportunity to provide enhanced services to public

Local Land Use Policies Can Support Energy Development SB 4 (2013) enacted strictest regulations in

nation:o Statewide CEQA reviewo Independent scientific studyo New permitting processo Neighbor notificationso Disclosureso Well integrity testing before & aftero Groundwater monitoring

Policymakers can ensure local land use policies allow for responsible energy development

Draw from SB 4 information for updates to general plans

Questions?

Thank you!

Nick Ortiz, WSPA

nortiz@wspa.org