Landman/Energy Management Colorado Mesa University · • Globally, Oil consumption is projected to...

Landman/Energy ManagementColorado Mesa University

May 2019

Steve Soychak Bio I share to students

All US Energy Consumption in 1 Diagram

Projected Demand of World Energy

•

• Globally, Oil consumption is projected to grow by 17%, Natural Gas by 40%, and Renewables by 72% by 2040.

• Total Energy consumption is projected to go up by 28%.• Renewables go from 13% to 17% of total share.

IEO2018 Reference case world energy consumption by energy sourcequadrillion Btu

Chart1

19901990199019901990

19911991199119911991

19921992199219921992

19931993199319931993

19941994199419941994

19951995199519951995

19961996199619961996

19971997199719971997

19981998199819981998

19991999199919991999

20002000200020002000

20012001200120012001

20022002200220022002

20032003200320032003

20042004200420042004

20052005200520052005

20062006200620062006

20072007200720072007

20082008200820082008

20092009200920092009

20102010201020102010

20112011201120112011

20122012201220122012

20132013201320132013

20142014201420142014

20152015201520152015

20162016201620162016

20172017201720172017

20182018201820182018

20192019201920192019

20202020202020202020

20212021202120212021

20222022202220222022

20232023202320232023

20242024202420242024

20252025202520252025

20262026202620262026

20272027202720272027

20282028202820282028

20292029202920292029

20302030203020302030

20312031203120312031

20322032203220322032

20332033203320332033

20342034203420342034

20352035203520352035

20362036203620362036

20372037203720372037

20382038203820382038

20392039203920392039

20402040204020402040

Projection

History

petroleum and other liquids

coal

natural gas

renewables

nuclear

petroleum and other liquids (including biofuels)

natural gas

coal

nuclear

renewable energy (excluding biofuels)

137.2268

75.2804

89.2496

20.3569

33.8867

138.3765

76.9353

83.569

21.183

34.599

138.9994

77.0316

81.9993

21.2746

35.046

138.7078

78.6578

83.7419

22.0084

36.213

141.513

78.8963

84.3071

22.4059

36.984

143.7058

81.2448

86.8708

23.258

38.6533

147.1652

83.2804

89.1603

24.108

39.3697

150.2873

83.451

88.0229

23.8802

40.017

151.5032

84.1573

86.8534

24.3075

40.1075

154.1974

86.362

89.8622

25.0841

40.396

157.0188

89.7827

96.4539

25.6505

41.0144

158.8698

90.3968

97.7972

26.383

40.8996

159.3791

94.0664

100.5965

26.6718

41.597

162.1624

96.6052

108.7607

26.2954

42.0688

168.1077

100.0492

118.4734

27.2489

44.1598

170.3597

102.3414

126.1836

27.3049

45.8476

172.9051

105.1561

133.1477

27.6712

47.4151

174.154

108.6973

140.1521

27.1598

48.786

171.911

112.2113

142.2466

27.0312

52.6462

172.1366

108.7319

140.3379

26.6417

53.7898

178.0407

118.0624

141.2628

27.3804

58.0579

179.9637

121.3073

149.4857

26.2487

60.3894

183.1528

125.1188

153.8793

24.4758

63.6752

185.5985

127.2447

156.2811

24.6534

67.8103

188.0596

127.4474

154.5159

25.1396

70.5788

190.5802

129.1462

158.0109

26.0035

71.5824

193.7505

129.1169

157.8492

26.5638

73.2356

196.6955

130.1615

160.1293

26.9437

75.5599

199.8618

130.9403

160.8436

27.7506

78.6571

201.2705

131.6009

161.9628

28.2176

81.4585

202.2176

132.171

162.3314

28.5251

84.6972

202.1305

132.6925

162.0658

28.9755

87.0351

202.2778

134.4135

161.6782

29.0427

89.704

203.1111

136.8545

161.7187

29.2785

91.9265

204.1963

139.8415

161.0228

29.6361

93.719

204.7469

142.5376

159.9723

30.8958

95.3357

205.1488

144.2315

158.727

31.6695

98.3495

205.9496

146.0315

157.7424

32.0025

101.4717

206.965

148.2217

157.031

32.354

103.9794

208.1442

150.5231

156.2971

32.9911

106.6237

209.4571

152.9325

156.0063

33.5029

108.73

210.9126

155.3327

156.2132

33.9228

110.7334

212.3972

157.9546

156.1682

34.6559

112.4757

214.1719

160.5552

156.4787

35.1186

114.3721

216.1809

163.6482

156.834

35.3777

116.2303

218.2812

166.7443

157.3273

35.3997

118.3113

220.4983

169.6939

157.9992

35.9099

120.2661

222.6843

172.7719

158.5937

36.3403

122.3841

224.8711

175.731

159.2515

36.9486

124.386

227.1875

178.7776

160.0092

37.3624

126.5058

229.4481

181.6015

160.8822

37.9287

128.7693

Sheet1

Column1petroleum and other liquids (including biofuels)natural gascoalnuclearrenewable energy (excluding biofuels)Source:

1990137.226875.280489.249620.356933.8867TableTable A02_liquids. World total energy consumption by region (liquids); Table A02_natural_gas. World total energy consumption by region (natural gas); Table A02_coal. World total energy consumption by region (coal); Table A02_renewables. World total energy consumption by region (renewables); and Table A02_nuclear. World total energy consumption by region (nuclear)

1991138.376576.935383.56921.18334.599Run(WEPS+ Scenario: tPGDPfix_AEO18_Nov30dbs, Datecode: 180104.155422)

1992138.999477.031681.999321.274635.046

1993138.707878.657883.741922.008436.213

1994141.51378.896384.307122.405936.984

1995143.705881.244886.870823.25838.6533

1996147.165283.280489.160324.10839.3697

1997150.287383.45188.022923.880240.017

1998151.503284.157386.853424.307540.1075

1999154.197486.36289.862225.084140.396

2000157.018889.782796.453925.650541.0144

2001158.869890.396897.797226.38340.8996

2002159.379194.0664100.596526.671841.597

2003162.162496.6052108.760726.295442.0688

2004168.1077100.0492118.473427.248944.1598

2005170.3597102.3414126.183627.304945.8476

2006172.9051105.1561133.147727.671247.4151

2007174.154108.6973140.152127.159848.786

2008171.911112.2113142.246627.031252.6462

2009172.1366108.7319140.337926.641753.7898

2010178.0407118.0624141.262827.380458.0579

2011179.9637121.3073149.485726.248760.3894

2012183.1528125.1188153.879324.475863.6752

2013185.5985127.2447156.281124.653467.8103

2014188.0596127.4474154.515925.139670.5788

2015190.5802129.1462158.010926.003571.5824

2016193.7505129.1169157.849226.563873.2356

2017196.6955130.1615160.129326.943775.5599

2018199.8618130.9403160.843627.750678.6571

2019201.2705131.6009161.962828.217681.4585

2020202.2176132.171162.331428.525184.6972

2021202.1305132.6925162.065828.975587.0351

2022202.2778134.4135161.678229.042789.704

2023203.1111136.8545161.718729.278591.9265

2024204.1963139.8415161.022829.636193.719

2025204.7469142.5376159.972330.895895.3357

2026205.1488144.2315158.72731.669598.3495

2027205.9496146.0315157.742432.0025101.4717

2028206.965148.2217157.03132.354103.9794

2029208.1442150.5231156.297132.9911106.6237

2030209.4571152.9325156.006333.5029108.73

2031210.9126155.3327156.213233.9228110.7334

2032212.3972157.9546156.168234.6559112.4757

2033214.1719160.5552156.478735.1186114.3721

2034216.1809163.6482156.83435.3777116.2303

2035218.2812166.7443157.327335.3997118.3113

2036220.4983169.6939157.999235.9099120.2661

2037222.6843172.7719158.593736.3403122.3841

2038224.8711175.731159.251536.9486124.386

2039227.1875178.7776160.009237.3624126.5058

2040229.4481181.6015160.882237.9287128.7693

0.00745177760.01372816280.00072059560.01521364440.02376491792015-2030

0.00915746690.01733026410.00308234360.01248490160.01705934532030-2040

Projected Production and Demand in the US

• US is projected to continue to import Oil (40%) in the future.• US is projected to export more gas from 1% to 19% of its production by 2040.

This will be done by Liquefaction of Natural Gas (LNG) to -260 degrees F then transporting via insulated vessels.

Piceance Basin in Colorado

USGS Updates Mancos Shale Gas Assessment

USGS Estimates 66 Trillion Cubic Feet of Natural Gas in Colorado Formati

Land Map of US

Of the 2.27 Billion acres of Land from the US, 28% or over 600 million acres is controlled by the Federal Government (mostly in the west). This includes BLM, USFWS, NPS, BIA, USFS, and USACE. White shows mostly private land or 72%.

Past CMU graduates with a concentration in EMGT/Landman

• Many of our students will get positions as a Landman with Brokerage firms, energy companies, pipelines, and utilities.

• Other student grads have gone to work with energy service companies, environmental/regulatory compliance, accounting, finance, marketing/transportation, and field positions in different capacities.–

Map of where most graduates are working

What is a Landman?

• A landman is a trained professional who performs work for energy companies, particularly oil and gas companies and coal companies.

• A landman performs one or more of these functions:– Negotiating for the acquisition or divestiture of mineral

rights.– Negotiating business agreements that provide for the

exploration for and/or development of minerals.– Determining ownership in minerals through the research of

public and private records.– Reviewing the status of title, curing title defects and

otherwise reducing title risk associated with ownership in minerals.

– Managing rights and/or obligations derived from ownership of interests in minerals.

– Unitizing or pooling of interests in minerals.

For whom does a Landman work?

• Oil and gas companies• Pipeline companies• Coal companies• Wind energy companies• For land brokers who provide service to any

of the above• Independent – own business and properties• Advising individuals concerning agreement• Starting salaries for entering Landmen range

from $58K to $74K

Where does a Landman work?

• In offices of companies• In the field talking to land owners• In courthouses reviewing title• Visiting other companies to negotiate

agreements

Other Landman Opportunities

• Management of resources• Line management • Alternative energy fields

Other Energy Management Opportunities

• Servicing energy companies (marketing products and services)

• Environmental and Regulatory Compliance (mitigating impacts from energy development and permitting of energy projects)

• Accounting and Finance (oil&gas accounting, procurement, etc.)

• Marketing/Transportation (sale of Oil&Natural gas, hedging, and midstream/downstream opportunities)

• Program– 4-year program

– Bachelor of Business Administration• Concentration 30 hours

– Landman/Energy Management

• Syllabi available– Alignment of curriculum with AAPL standards

– Also offer a certificate in the program which requires 4 courses or 12 credit hours with another degree.

Energy Management/Landman Curriculum –Freshman and Sophomore Courses

• EMGT 101 –Introduction to basic concepts of energy management. Instructor Steve Soychak

• EMGT 201 – Introduction to basic concepts of land management and practices. Instructor Steve Soychak

•

Energy Management/Landman Curriculum –Required Courses

• EMGT 340 Energy Industry Fundamentals• Provides energy literacy through a survey of the

sources, distribution and uses of energy, including the evolution of energy from wood fires to coal to oil to the current mix of coal, oil, natural gas, nuclear, hydroelectric, wind, geothermal, biomass, solar and ocean currents and tides. Future energy policy, sources, uses and case studies will be discussed as well as alternative energy sources. Instructor Steve Soychak

Climate Change was driving Energy Policiy to reduce CO2 emissions, but Americans do prioritize it differently based on Politics

Svante Arrhenius is one of the Fathers of the Greenhouse Gas Effect

In 1895 to 1900 Arrhenius predicted that the Earth would warm due to increase in CO2 due to primarily to Coal burning. As Arrhenius predicted, both carbon dioxide levels and temperatures increased from 1900–1999. However, carbon dioxide in the atmosphere has increased much more quickly than he expected, but the Earth hasn't warmed as much as he thought it would.

Arrhenius published “By the influence of the increasing percentage of carbonic acid in the atmosphere, we may hope to enjoy ages with more equable and better climates, especially as regards the colder regions of the earth, ages when the earth will bring forth much more abundant crops than at present, for the benefit of rapidly propagating mankind." (p63)

European Electricity Rates versus Installed Wind/Solar per capita (compare to US)

• http://euanmearns.com/green-mythology-and-the-high-price-of-european-electricity/

Also added estimated US and California electricity rates versus Wind/Solar installed per capita.

CaliforniaUS

• http://a.msn.com/00/en-us/AAmFTd5?ocid=se

http://euanmearns.com/green-mythology-and-the-high-price-of-european-electricity/http://a.msn.com/00/en-us/AAmFTd5?ocid=se


• EMGT 350 Energy Development, Transportation, and Markets

• Overview of the energy industry domestic and worldwide. Basic energy industry drilling and production terminology, concepts and terms introduced and utilized throughout the course. Issues surrounding business models, upstream, midstream and downstream discussed in detail. Instructor Steve Soychak


• EMGT 355 Landman Geo-Petroleum Engineering

• Petroleum engineering fundamentals. Properties of reservoir rock, single phase fluid flow through porous media, surface forces, fluid saturation, and completion technology. Evaluation of petroleum reservoir field data. Instructor Steve Soychak


• EMGT 355 Landman Geo-Petroleum Engineering


• EMGT 360 Real Property, Oil and Gas Law

• The body of case law surrounding oil and gas leases and leasehold interests, mineral titles, concurrent ownership and split estates, and governmental regulation of mineral development, including pooling and unitization of oil and gas leases. Instructor Nate Keever

Energy ManagementLandman Curriculum –Required Courses

• EMGT 410 Energy Regulation and Compliance

• The body of law surrounding governmental regulation of mineral development, including environmental liability, diligent and prudent operations, contractual risk allocation, and regulatory case studies. Instructor Steve Soychak

Energy Management/Landman Curriculum – Required Courses

• EMGT 440 Energy Land Practices I• Imparts mastery of the fundamental

concepts and terminology related to real property law. Application of concepts to situations occurring in the energy environment as land is found, purchased and developed for use. Instructor Bryan Hotard.


• EMGT 450 Energy Land Practices II• Imparts mastery of the fundamental

concepts and terminology related to real property law. Application of concepts to situations occurring in the energy environment as land is found, purchased and developed for use. Instructor Bryan Hotard.


• EMGT 494 Energy Senior Seminar• Legal, economic, environmental, and

national security issues surrounding the energy industry. Alternative energy sources and other current issues in energy management. Prerequisite: EMGT 340. Instructor Dave Ludlam

• Strength of program– Proximity to multiple energy sources– Within two hours………

– Piceance Basin (Natural Gas deposit is World Class Asset and Oil Shale Deposit is largest in the world)

– Coal Mining (NW CO and the North Fork Valley)– 5th largest Uranium deposit in US– Solar Power (GJ and Rifle)– Wind Farms (Outside of Walsenburg 5 hours)

• Numerous energy student tours

Advisory Board Members

• Chuck Shear, CPL• Dennis Randleman, CPL• Stephen Smith, Landman/Business owner• Jim Colosky, JD• David Ludlam, WSCOGA• Steve Soychak, Program Director, PE• Dr. Stephen Norman, Head of Business Dept.

CMU Landman/Energy Management was accredited by AAPL in September 2017For Energy Management/Landman

AAPL Accredited Programs

Land and Energy Management Program Energy Management Program

Professional Land Management ProgramEnergy Land Management Program

UndergraduateEnergy Management ProgramMasters of Energy Business

Program

Energy Commerce Program

Energy Land Management Program Energy Management Program Energy Management Program

College of Law

Master of Science: Energy ManagementMaster of Science: Energy Legal Studies

Energy Management Program Professional Land & Resource Management Program

Landman Energy Management Program

CMU EMGT StudentsFeatured in Black HillsE.Connections Newsletter

Friday, Sept. 9, 2016Learning curvesBy John Benton, VP and GM, Black Hills Exploration & Production

Steven Soychak, program director of the Energy Management/Landman program at Colorado Mesa University, and four of his students recently toured one of our Mancos horizontal well-pads near Debeque, Colorado, the Pueblo Airport Generating Station and the Busch Ranch Wind Farm.

“It was truly an eye-opening and educational experience for all of us,” Soychak said. He also said the students gained a much better understanding of each primary source of electricity and how they interact to provide consumers with affordable energy, as Black Hills works towards meeting the Colorado mandate of a 30 percent renewables portfolio by 2020.

The bachelor’s degree in Energy Management/Landman allows Colorado Mesa University to play an integral role in the developing energy industry worldwide. Students will have the opportunity to acquire business knowledge and skills, as well as a basic understanding of geology, engineering, environmental sciences, marketing, energy management and Landman.

This program was initiated in 2007. Today, 56 students are enrolled in the Energy Management/Landman program. The majority of graduates are employed in the oil and gas industry, with some in renewables and utilities. The faculty’s practical and field experience contributes to the students receiving a hands-on education that will help prepare the students for the challenges that lie ahead for the energy industry.

Black Hills employees helping to arrange and coordinate the visit were John Benton, Chris Burke, Kevin Hall, Paul Hanna, Gary Stripling and George Tatar.

900 acre Solar Farm in Pueblo, Colorado, 126 MW produces at about a 27% CF

Power Density results from different power sources in Colorado

Fuel Power Density (W/M^2)Vaclav Smil

Colorado Power Density Findings

Gas 200--2,000 1700-4000Coal 100--1,000 560Solar (concentrating)

4--10

Solar (PV) 4--9 9Wind 0.5--1.5 40Wood 0.5--0.6

Be careful what you ask for when increasing renewables on Public lands (used to be 13 wind turbines provided the same amount

of energy/power as 1 gas well equiv in mid 2000s)

Approximately 16 Gas wells off of I-70 in the Parachute area with less than 2 acres disturbance which produce as much energy as wind power below.

Approximately 200 wind turbines in California outside of Palm Springs

Power Density by Vaclav Smil

Summer Intern Project 2016 (RU 23-5 Drone Flyover) Power Density and Electrical Sources in Colorado(Willow Sanders, Jon Cira, & Brett

Payton)

Reclamation reduces footprint of 40 well pad & road from 13 acres to 5 acres

Comparison of gas well disturbance on 400 acres w/new pad drilling

400 acres with 20 acre surface disturbanceOld Style Rigs

400 acres with 40 well padNew Flex Rig 4S

Black Hills Natural Gas Combined Cycle Power Plantsoutside of Pueblo

Energy Management/Landman Club

• Landman Energy Management Club meets once every month. Some past and upcoming events for the Club.

• Recent Club events were Colorado Oil and Gas Energy Summit past August, NAPE Conference in Houston on February 6th-9th networking with energy companies on Prospects and setting up CMU Energy Management/Landman Booth.

Energy Management/Landman Club

• LEM Club– Recognized Club on campus– Active Club– Meets monthly– Fundraises to allow students to attend industry

events• Trap Shoot• Golf Tournament

– Guest speakers– Recruits new LEM students– Facilitates networking industry events (WSCOGA

annual banquet, NAPE, Beaver Creek)

LEM CLUB OFFICERS

• President – Kelly Smallwood• Vice President – Travis Vineyard• Secretary – Kelsey Pyle/Toni Booth• Treasurer – Clayton Harrison• WSCOGA Rep/Alum – Kasey Emrich• Recruitment Chair – Ryan Smallwood

–Advisor Steve Soychak & Dr. Morgan Bridge

Recent EMGT/Landman Student Events

NAPE Conference, Denver, Oct. 2016 Global Energy Forum, Beaver Creek, Jan. 2017


NAPE Conference, in Houston on February 12th through 15th

CMU Landman/Energy Management Program Hosts:

Thomas Hager Friday, February 23rd at 12-1:30 PM in room 213,

2nd floor of the University Center

Come meet and interact with Oregon resident and renowned author Thomas Hager. Hager has published 11 books and has more than 100 published articles and features in popular media sources. Hager will discuss one of his most popular books: The Alchemy of Air; of which has been nominated for many awards and was named one of the “Best Books of the Year” by Kirkus Reviews.

Admission: LEM Club Students, invited Business faculty, invited Students (Chemistry and Engineering) and invited Chemistry/Engineering faculty. Please note this event is invite only. PIZZA provided for Lunch..


CMU Landman/Energy Management Program Hosts:

Thomas Hager

Friday, February 23rd at 12-1:30 PM in room 213, 2nd floor of the University Center

Come meet and interact with Oregon resident and renowned author Thomas Hager. Hager has published 11 books and has more than 100 published articles and features in popular media sources. Hager will discuss one of his most popular books: The Alchemy of Air; of which has been nominated for many awards and was named one of the “Best Books of the Year” by Kirkus Reviews.

Admission: LEM Club Students, invited Business faculty, invited Students (Chemistry and Engineering) and invited Chemistry/Engineering faculty. Please note this event is invite only. PIZZA provided for Lunch..

LEM Club sponsored Steve Goreham in February & is looking into Judith Curry in Fall2019


Recent AAPL/DAPL meeting in Denver this past June/Oct 2018

Field Trip last year in Parachute ofHelmrich & Payne Flex Rig 4-S

Scholarships Awarded past semester and future for this semester

• AAPL awards (due to accreditation last year)– 2 Scholarships last year and 6 awarded this year.

• 2 Energy Scholar Award (Shear Family)

• Energy Scholar Award (Athletic award WSCOGA)

• Women in Energy Scholar Award.• Increased Scholarships $22,000 to

$44,000 per school year (2 semesters)

Questions?

• Contact Steve Soychak, [email protected], 248-1246, DH 301H

mailto:[email protected]

Landman/Energy Management�Colorado Mesa UniversitySteve Soychak Bio I share to studentsSlide Number 3Projected Demand of World EnergyProjected Production and Demand in the USPiceance Basin in ColoradoLand Map of USPast CMU graduates with a concentration in EMGT/LandmanSlide Number 9What is a Landman?For whom does a Landman work?Where does a Landman work?Other Landman OpportunitiesOther Energy Management OpportunitiesSlide Number 15Energy Management/Landman Curriculum – Freshman and Sophomore CoursesEnergy Management/Landman Curriculum – Required CoursesSlide Number 18Slide Number 19European Electricity Rates versus Installed Wind/Solar per capita (compare to US)Energy Management/Landman Curriculum – Required CoursesEnergy Management/Landman Curriculum – Required CoursesEnergy Management/Landman Curriculum – Required CoursesEnergy Management/Landman Curriculum – Required CoursesEnergy ManagementLandman Curriculum – Required CoursesEnergy Management/Landman Curriculum – Required CoursesEnergy Management/Landman Curriculum – Required Courses Energy Management/Landman Curriculum – Required CoursesSlide Number 29Advisory Board Members AAPL Accredited ProgramsSlide Number 33Slide Number 34 Be careful what you ask for when increasing renewables on Public lands �(used to be 13 wind turbines provided the same amount �of energy/power as 1 gas well equiv in mid 2000s)Summer Intern Project 2016 (RU 23-5 Drone Flyover) �Power Density and Electrical Sources in Colorado(Willow Sanders, Jon Cira, & Brett Payton)Slide Number 38 Energy Management/Landman ClubSlide Number 40LEM CLUB OFFICERSRecent EMGT/Landman Student EventsRecent EMGT/Landman Student EventsSlide Number 44Slide Number 45Slide Number 46Scholarships Awarded past semester and future for this semesterQuestions?

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