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Natural Gas The Natural Choice Now. Presented by: Jim Hackett Chairman & CEO Anadarko Petroleum Corporation Chairman, ANGA. ANGA Member Companies. DOMESTIC. Rise of the Shale Plays. Cody. Bakken. Gammon. Mowry. Antrim. Baxter-Mancos. Marcellus/ Devonian/Utica. Mancos. Pierre.
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Natural Gas The Natural Choice Now. Presented by: Jim Hackett Chairman & CEO Anadarko Petroleum Corporation Chairman, ANGA
Rise of the Shale Plays Cody Bakken Gammon Mowry Antrim Baxter-Mancos Marcellus/ Devonian/Utica Mancos Pierre Mulky New Albany Lewis Fayetteville Woodford Barnett- Woodford Floyd-Neal Barnett Haynesville Eagle Ford / Pearsall
A New Age of Nat Gas Abundance Potential Shale Gas Resources Potential Traditional Resources* Proved Reserves 100+ YEARS Supply Here in the US 58% Increase 2004-2008 Total Potential Natural Gas Resources (trillion cubic feet) 2,074TCF Estimated Future Supply *From 1990-2006, traditional resources include shale gas, which was not broken out separately by the PGC until 2008. Source: Potential Gas Committee Report, June 2009
Growing Role for Shale Gas North American Dry Gas Productive Capacity (BCF per Day) Shale Tight Sands Coalbed Methane Conventional Associated Source: IHS CERA, Fueling the Future, 2010
Fracture Stimulation Groundwater often found 50 – 600 feet Average shale gas well is >7,500 feet 1 ½ miles below the Earth’s surface 1 ½ times deeper than the deepest part of the Grand Canyon More than 25 football fields laid out goal post to goal post Groundwater is protected by: A properly designed well is most effective Subsurface fluid properties Casing and cement provide multiple barriers
FRACTURE STIMULATION WATER USE VS. OTHER ENERGY TECHNOLOGIES Source: The Groundwater Protection Council and the U.S. Department of Energy
2.8 Million American Jobs Natural Gas Employment (Average Annual Workers) 2.8 MILLION 2008 Total Employment $385 BILLION 2008 Total Value Added $181 BILLION 2008 Total Labor Income Direct Indirect Induced Source: IHS Global Insight, 2009
POWER GENERATION
Today’s Electricity Mix 1%other non-renewable 4%other renewable wind, biomass, geothermal and solar 7%hydropower 20%nuclear 45%coal 23%natural gas Source: EIA, 2009 Annual Energy Review
Ready Now Utilization of Electric Generation Capability (net generation as a percentage of net summer capacity) 397 GW 313 GW 72% Utilized 24 % Utilized Source: EIA, 2008 Electric Power Annual
Clean Energy Natural Gas = Fewer Emissions (Pounds per Billion BTU of Energy Input) Source: EIA, Natural Gas Issues and Trends, 1998
Meeting Clean Air Goals EPA Non-Attainment Areas – June 2010 Source: EPA, Green Book, June 15, 2010
Utilities Going With Natural Gas “Natural Gas-Fired Power Plant to be Built in Central PA” WITF News, 2/22/2010 “Power plant developer will use natural gas instead of coal…” Las Vegas Sun, 3/22/2010 “Traverse City Light & Power Scraps Plan for Biomass Plant, Opts for Gas.” Bloomberg, 6/28/2010 “Calpine Approved for 600MW Natural Gas-Fired Plant” Power-Gen Worldwide, 2/4/2010 “Tennessee Valley to Build Natural Gas Power Plant” Associated Press, 6/4/2009 “Natural Gas Should Be Key In Energy Planning…” San Antonio Express-News, 6/2/2010 “N.C. Regulators Approve Plan to Build Natural Gas-Fueled Power Generation” WWAY News, 6/9/2010 “Natural Gas is Good for Texas and the Environment” Corpus Christi Caller-Times, 7/2/2010 “Renewables Need Helping Hand From Gas” San Diego Union-Tribune, 5/23/2010 “Move to Natural Gas Helps Clear the Air…” Denver Post, 4/4/2010
The Opportunity: Heavy-Duty Vehicles Miles Traveled (average per year) Fuel Economy (average mpg) Fuel Consumed (average gallons per year) Heavy-Duty Vehicles Vans, Pickups & SUVs Passenger Cars Source: EIA Annual Energy Review 2009
Making a Difference Converting just one heavy-duty waste truck from diesel to natural gas … … offers the emissions reduction equivalent of taking 325 cars off the road.
