Senate Finance Committee CS SB21 Analysis March 14 2013 Janak Mayer Manager, Upstream PFC Energy

33%, $5/bbl Allowance Base Production

35%, $5/bbl Allowance Base Production

33%, $5/bbl Allowance, 20% GRE (no time limit) $18/bbl New Development, Standalone

35%, $5/bbl Allowance, 20% GRE (no time limit) $18/bbl New Development, Standalone

33%, $5/bbl Allowance, 20% GRE (no time limit) $25/bbl New Development, Standalone

35%, $5/bbl Allowance, 20% GRE (no time limit) $25/bbl New Development, Standalone

33%, $5/bbl Allowance, 20% GRE (no time limit) $18/bbl New Development, Incremental to Incumbent

35%, $5/bbl Allowance, 20% GRE (no time limit) $18/bbl New Development, Incremental to Incumbent

33%, $5/bbl Allowance, 20% GRE (no time limit) $25/bbl New Development, Incremental to Incumbent

35%, $5/bbl Allowance, 20% GRE (no time limit) $25/bbl New Development, Incremental to Incumbent

Government Take Competitiveness - $80/bbl

Government Take Competitiveness - $100/bbl

Government Take Competitiveness - $120/bbl

Government Take Competitiveness - $140/bbl

Government Take Competitiveness

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