Swan City Rotary Club October 19, 2016

Slides:

Advertisements

Similar presentations

Canadas Natural Resources – Now and for the Future 1 North American Shale Gas Revolution Presentation to APEC By Dan Cowan – Petroleum Resources Branch,

Advertisements

“Exemplary Environmental Emergency Management through Leadership, Organization, Team Work, and Shared Responsibility.” Good morning - acknowledge Sara.

EIA Outlook for U.S. Heating Fuels State Heating Oil and Propane Program Conference North Falmouth, Massachusetts Laurie Falter Industry Economist Energy.

Ministry of Jobs, Tourism and Skills Training Labour Market and Immigration Division Natural Resources Labour Market Outlook for BC January 26, 2015.

U.S. Energy Information Administration Independent Statistics & Analysis The U.S. Natural Gas and Shale Production Outlook for North American.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for U.S. shale oil and gas IAEE/AEA Meeting January 4, 2014.

British Columbia Economic Outlook Carol Frketich, BC Regional Economist.

James M. Kendell Energy Information Administration The Aspen Institute June 28, 2008 Aspen, Colorado Global Gas Outlook.

ENERGIZING AMERICA: THE ROLE OF OIL AND NATURAL GAS IN AMERICA’S ENERGY FUTURE Rayola Dougher API Senior Economic Advisor,

U.S. Energy Information Administration Independent Statistics & Analysis International Energy Outlook 2014 For Columbia University Center on.

U.S. Energy Information Administration Independent Statistics & Analysis The U.S. Oil and Natural Gas Production Outlook for PRG Energy Outlook.

WORLD OIL AND NORTH AMERICAN NATURAL GAS OUTLOOK November 2006.

WORLD ENERGY INVESTMENT OUTLOOK

Natural Gas Outlook National Association of State Energy Officials State Heating Oil and Propane Conference August 30, 2004 William Trapmann Energy Information.

U.S. Energy Information Administration Independent Statistics & Analysis US Extractive Industry Overview: Oil, Gas, and Coal United States.

U.S. Energy Information Administration Independent Statistics & Analysis Lower oil prices and the energy outlook For Alaska Oil & Gas Association.

Liquefied Natural Gas Development in B.C. Steve Carr – Deputy Minister Ministry of Natural Gas Development – British Columbia September 10, nd LNG.

1.  Welcome and introductions ◦ News from members 10:00-10:30  Northwest Gas Association 2011 Outlook 10:30-11:00  What has happened since last meeting.

© 2008 ICF International. All rights reserved. New York Gas Market Overview Based on NYSERDA Case 1 (n0908) March 2009 Contacts: Kevin R. Petak (

International Energy Outlook 2010 With Projections to 2035.

Alberta’s Energy Resource Potential Alberta Department of Energy Government of Alberta September 2013.

Wai Sherman Wang Haifeng Williams Liz. Problem Definition Canada is insecure in terms of economy and supply because of dependency on foreign energy imports.

Canada’s Energy Futures 2011: Shifting Trends Preview of Key Results & Comparison with Past Projections Abha Bhargava Matthew Hansen Bryce VanSluys 30.

Energy Information Administration Official Energy Statistics from the U.S. Government Annual Energy Outlook 2008 Energy Information Administration December.

Relevant Independent Objective 1 Exports of LNG and LPG’s Why Now? Canadian Energy Research Institute Peter Howard Canadian Energy Research.

2012 NORTHEAST BRITISH COLOMBIA COMMUNITY COAL AND ENERGY FORUM Ann Marie Hann President, Coal Association of Canada OCTOBER 11, 2012.

© OECD/IEA Mtoe Other renewables Hydro Nuclear Biomass Gas.

LNG North American Summit 2008 Houston, Texas June 19, 2008 James M. Kendell Energy Information Administration U.S. Natural Gas.

Natural Gas Update: EIA NARUC Winter Meeting Barbara Mariner-Volpe, Energy Information Administration February 23, 2003.

The Northeast Natural Gas Market in 2030 LNG EXPRESS CONFERENCE Boston, Massachusetts September 21, 2006 William Trapmann Natural Gas Analysis Team Leader.

U.S. Energy Information Administration Independent Statistics & Analysis Lower oil prices and the energy outlook May 2015 Ottawa, Canada By.

1 Office of the Chief Economist Global economic growth The outlook for the Australian resources sector Mark Cully APPEA Tax and Commercial Conference 29.

IOGCC 2003 Outlook for Natural Gas & Petroleum Guy Caruso Administrator Energy Information Administration IOGCC Conference Williamsburg, Virginia May 19,

Natural Gas and Energy Reform Legislation Steve Crout Managing Director, Government Affairs American Gas Association.

U.S. Energy Information Administration Independent Statistics & Analysis Annual Energy Outlook 2015 United States Energy Association USEA Executive.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. For American.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. for FLAME.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for coal and electricity for National Coal Council November.

CSG/ERC 44 th Annual Meeting Springfield, MA Douglas MacIntyre, Senior Oil Market Analyst Petroleum Division U.S. Energy Information Administration August.

Oil & Gas Industry – An opportunity for “Make in India”

Visit Us: Pipeline Lifecycle Discussion Series.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. For Joint.

Understanding the Impacts of Incremental Gas Supply on the Flow Dynamics Across the North American Grid Canadian Institute Vancouver, BC November 20, 2006.

U.S. Energy Information Administration Independent Statistics & Analysis International Energy Outlook 2016 For Center for Strategic and International.

1 An Overview of Canada’s Natural Gas Supply – Past, Present and Future George Eynon, P.Geol. CERI - Vice President James A. Baker III Institute.

1 Rail Road Water Air Pipeline. Photo Album by Joni WHAT IS THE NCDC A federal non-profit society representing 55 Members across northern Alberta, British.

U.S. Energy Information Administration Independent Statistics & Analysis North American Energy Markets for Energy Mexico 2016 January 26, 2016|

Conferenceboard.ca Marie-Christine Bernard Associate Director, Provincial and Territorial Forecast Service, The Conference Board of Canada November 17,

U.S. Ambassador’s Speakers Series Rio de Janeiro 10 March 2016 Geopolitics of Energy: Where do we go from here? Edward C. Chow Senior Fellow.

1 The Outlook for Energy includes Exxon Mobil Corporation’s internal estimates and forecasts of energy demand, supply, and trends through 2040 based upon.

ГММ -1( а ) Li Jianfei. By 2040, the world and, in particular, countries which have large and technologically advanced economies – such as the USA,

Alberta's Economic Outlook Catherine Rothrock A/Chief Economist November 6, 2015.

Challenges and Opportunities for Natural Gas: Lessons From This Winter Stan Horton Chairman & CEO Enron Gas Pipeline Group Natural Gas Roundtable Washington,

Continuing Challenges in the Oil and Gas Sector

2016 Northwest Gas Market Outlook

Grande Prairie Economic & Housing Market Review & Forecast

Petroleum sector in Turkey Petroleum Engineering 2017

Primary energy and energy intensity Energy consumption growth.

Ian F.H.Scott Manager, Northern Canada & Pipelines June 21, 2002

Canada’s Western Provinces

Pierre Alvarez, President Canadian Association of Petroleum Producers

Trends in Fossil Fuel Consumption

Natural Gas World Presentation T

30th USAEE/IAEE North American Conference

Canada Land and People.

Markets NOW 2015 January History rhymes Mark Twain (Tom Sawyer)

Energy Fact Sleuths.

The Outlook for Energy and Natural Gas Markets

Jacqui Yang Billy Chen Marcus Li Nicholas Glavas

Presentation transcript:

Swan City Rotary Club October 19, 2016

Canadian Association of Petroleum Producers Represents large and small producer member companies Members explore for, develop and produce natural gas, natural gas liquids, crude oil, and oil sands throughout Canada Produce about 85 per cent of Canada’s natural gas and crude oil Associate members provide a wide range of services that support the upstream crude oil and natural gas industry

Crude Oil and Natural Gas prices Crude Oil Prices (WTI NYMEX) $US per barrel Natural Gas Prices (AECO Daily Spot Price) $Cdn/mcf

Capital Investment in Canada’s Oil and Natural Gas Industry Source: Statistics Canada

Industry Capital Spending Cdn $billions Oil & Gas Investment Spending: 2014: $81 billion 2015F: $48 billion 2016F: $31 billion Northern Canada 2014 2015F 2016F $0.1 $0.5 $0.2 Oil Sands 2014 2015F 2016F $34 $23 $17 Western Canada 2014 2015F 2016F $42 $21 $11 East Coast Offshore 2014 2015F 2016F $5.3 $3.3 $2.5 ’14 ’15E ’16F AB $27 $14 $8.1 BC $7 $3.5 $1.5 SK $7 $3 $1.7 MN $0.8 $0.5 $0.3

Total Wells Drilled in Western Canada Yr/yr Reduction in Drilling: 2015 – 49% 2016 - 33% 2014 2015 2016F Alberta 5,961 2,891 1,960 British Columbia 616 515 210 Saskatchewan 3,356 1,617 1,150 Manitoba 455 208 180 2015 = 5,230 2016F = 3,500 Source – CAPP. Based on Rig Release

Total Gas Wells Drilled in Western Canada & AECO 2009 gas connected: 4,180 2010 gas connected: 4,850 2011 gas connected: 6,092 Consistent with CAPP production forecast. Source – CAPP.ca Based on Rig Release

Area Wells Drilled First 9 Months 2014 (Source: boereport.com)

Area Wells Drilled First 9 Months 2015 (Source: boereport.com)

Area Wells Drilled First 9 Months 2016 (Source: boereport.com)

Local Employment: Athabasca-Grande-Prairie-Peace River Region 2016 Average YTD 2014 Average YTD Change % Change Unemployment Rate 7.2% 3.9% 3.2% Employment 181,467 197,433 -15,967 -8.1% Labour Force 195,433 205,500 -10,067 -4.9%

What is needed for a turnaround? Higher prices Lower cost structure Policies that aid competitiveness New infrastructure to move energy products

Economic Context: Our biggest client is our biggest competitor

New Market Opportunities for W. Canadian Gas Liard Horn River Cordova Embayment Montney Duverney Area of Oil Sands Deposit NGTL Growing Oil Sands Demand Westcoast PNG (Capacity approx: 110 MMcfd) Pacific Trail: Proposed (Kitimat LNG) Coastal GasLink: Proposed (LNG Canada) Prince Rupert Gas Trans: Proposed (Pacific Northwest LNG) Westcoast Connector: Proposed (Prince Rupert LNG) Potential LNG Export Demand Declining Traditional Market Demand

Canada’s future energy infrastructure needs

Global Primary Energy Demand Ongoing reliance on fossil fuels (share of energy consumption): 2013: 81% 2040: 75% Source: International Energy Agency – New Policies Scenario World Energy Outlook 2011

Gas Trade Balance by Region Source: ExxonMobil – 2015 Outlook for Energy

Canada Marketable Natural Gas Resources – Trillion cubic feet Canada has almost 1,100 tcf remaining natural gas resources

Join Canada’s Energy Citizens! energycitizens.ca