1 / 17

Center for Energy Studies

Center for Energy Studies. Deepwater Moratorium: Overview of Impacts for Louisiana (June 25 , 2010). David E. Dismukes Center for Energy Studies. Deepwater Horizon Oil Spill. Center for Energy Studies. GOM Offshore Oil and Gas – Economic Overview.

titus
Download Presentation

Center for Energy Studies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Center for Energy Studies Deepwater Moratorium: Overview of Impacts for Louisiana (June 25, 2010) David E. Dismukes Center for Energy Studies

  2. Deepwater Horizon Oil Spill Center for Energy Studies GOM Offshore Oil and Gas – Economic Overview • In 2008, over 420 MMBblsof oil and 2.4 Tcfof natural gas were produced in the Gulf of Mexico OCS. • Employs over 200,000 workers in the Gulf Coast region. Over 100,000 workers associated with offshore activities. • Contributes almost $100 billion to Gulf Coast states’ GDP. • GOM accounts for 30percent of total U.S. crude oil production. • Deepwater areas produced 76 percent of all GOM crude oil production in 2007. Note: Gulf Coast states include Louisiana, Texas, Mississippi and Alabama Source: Bureau of Economic Analysis, US Department of Commerce; Energy Information Administration, U.S. Department of Energy; and Baker Hughes.

  3. Deepwater Horizon Oil Spill Center for Energy Studies GOM OCS Deepwater Wells Active deepwater wells are down relative to the earlier part of the decade, but still make considerable contributions to OCS production levels. Number of Wells Source: Minerals Management Service, U.S. Department of the Interior.

  4. Deepwater Horizon Oil Spill Center for Energy Studies GOM OCS Deepwater Crude Oil Production The significant increase in deepwater crude oil production has been a major new source of domestic crude oil supply. Oil Production (MMBbl) Source: Minerals Management Service, U.S. Department of the Interior.

  5. Deepwater Horizon Oil Spill Center for Energy Studies GOM OCS Deepwater Natural Gas Production Deepwater natural gas production has remained relative constant in recent years, despite the overall GOM gas production plummet in 2002. Gas Production (Bcf) Source: Minerals Management Service, U.S. Department of the Interior.

  6. Deepwater Horizon Oil Spill Center for Energy Studies U.S. Offshore Capital Expenditures The federal OCS, and its deepwater regions, account for a large share of the increasing capital investments for major oil companies. Source: Energy Information Administration, U.S. Department of Energy.

  7. Deepwater Horizon Oil Spill Center for Energy Studies U.S. Crude Oil Production Forecast Deepwater production is forecast to increase by almost 20 percent between 2010 and 2030. Projection Potential moratorium-created production risk Crude Oil Production (MMBbls per day

  8. Deepwater Horizon Oil Spill Center for Energy Studies Gulf of Mexico Offshore Rig Forecast – Moratorium Impact Forecasted activity Apr-20: Accident Moratorium-created reductions in activity Sources: Dept. of Interior, Energy Information Administration, Baker Hughes, CME Group (NYMEX)

  9. Deepwater Horizon Oil Spill Center for Energy Studies Moratorium Impacted Rigs Impacted rigs anticipated to operate in very close proximity to Louisiana ports and support services.

  10. Deepwater Horizon Oil Spill Center for Energy Studies Gulf Coast Oil and Gas Employment – All Activities

  11. Deepwater Horizon Oil Spill Center for Energy Studies Gulf Coast Oil and Gas Employment - Production

  12. Deepwater Horizon Oil Spill Center for Energy Studies Gulf Coast Oil and Gas Employment - Drilling

  13. Deepwater Horizon Oil Spill Center for Energy Studies Gulf Coast Oil and Gas Employment – Support

  14. Deepwater Horizon Oil Spill Center for Energy Studies Potential Moratorium Impacts – Louisiana Only

  15. Deepwater Horizon Oil Spill Center for Energy Studies Potential Moratorium Impacts – Louisiana Only

  16. Deepwater Horizon Oil Spill Center for Energy Studies Potential Moratorium Impacts – Louisiana Only While allocation of total impacts across parishes may not appear large, the total employment impacts, on a share of total oil and gas employment basis, could be very large for many individual parishes.

  17. Deepwater Horizon Oil Spill Center for Energy Studies Questions, Comments, & Discussion dismukes@lsu.edu Center for Energy Studies www.enrg.lsu.edu

More Related