1 Energy Crisis and Solutions for California Oilfield Producers Gas Supply and Demand and Future Outlook Presented by William J. Keese, Chairman California.

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Presentation transcript:

1 Energy Crisis and Solutions for California Oilfield Producers Gas Supply and Demand and Future Outlook Presented by William J. Keese, Chairman California Energy Commission March 15, 2001

Petroleum Technology Transfer Center March 15, Overview zCurrent California conditions zNatural gas fundamentals zWrap up

Petroleum Technology Transfer Center March 15, st Century has Hit California With a Bang zHigh gasoline prices zHigh electric prices zHigh natural gas prices

Petroleum Technology Transfer Center March 15, Natural Gas Prices

Petroleum Technology Transfer Center March 15, U.S. Gas Prices and Drilling Rigs

Petroleum Technology Transfer Center March 15, Power Plants in California

Petroleum Technology Transfer Center March 15, California Natural Gas Demand by Sector MMcfd

Petroleum Technology Transfer Center March 15, California Natural Gas Supply: Production Region Shares

Petroleum Technology Transfer Center March 15, California Natural Gas Production z2000 Proved Reserves - Onshore and Offshore yEstimated 3.46 Trillion cubic feet xEstimated 2000 reserve/production ratio: 10.3 years

Petroleum Technology Transfer Center March 15, California Oil and Natural Gas Production Activity zWell Activity y1,752 drilled for production and injection y1,379 completed wells capable of production y125 wells redrilled to side-track or deepen y1,307 plugged and abandoned wells no longer available for production or injection

Petroleum Technology Transfer Center March 15, Forecasted California Natural Gas Demand MMcfd

Petroleum Technology Transfer Center March 15, California Natural Gas Supply: Production Region Shares

Petroleum Technology Transfer Center March 15,

Petroleum Technology Transfer Center March 15, Interstate Pipeline Capacity to California

Petroleum Technology Transfer Center March 15, New Interstate Pipelines and Expansions to California zKern River Expansion x2002: 125 MMcfd, additional expansion expected zPG&E - GTN Expansion x2003: 200 MMcfd zQuestar Southern Trails Pipeline xLate 2001: 90 MMcfd zEl Paso’s All American Pipeline Conversion xPlanning stage: 100 MMcfd zNorth Baja Pipeline x2003: 500 MMcfd

Petroleum Technology Transfer Center March 15, Liquefied Natural Gas Potential yNot yet a viable option for California yCurrent imports on the East Coast xOperating Terminals Distrigas’ Everett, MA LNG complex MMcfd CMS Trunkline LNG Co., Lake Charles, LA MMcfd xScheduled to reopen in next months Williams Gas Pipeline, Cove Point, MD -1,000 MMcfd Southern LNG’s Elba Island, GA complex -330 MMcfd yPotential in Mexico xEl Paso and Phillips Petroleum are in preliminary talks to bring LNG from Australia to the West Coast in 2005

Petroleum Technology Transfer Center March 15, Issues for TEOR Production zHigh natural gas price xToo costly to produce steam for injection zExcess water from not producing steam xWater has to be cleaned and disposed zHigh electricity prices xElectric pumping of oil is costly zNew wells in Kern County now need CEQA review zResult: Higher barriers or costs to production

Petroleum Technology Transfer Center March 15, Opportunities for Producers zMarginal wells yWells not producing in past five years will not have the Division of Oil, Gas and Geothermal assessment for 10 years zOrphan wells yProducers can test an orphan well for 90 days xFirm can decline ownership of well within 90 days without liability concerns xFirm can take ownership after 90 days and accept liability

Petroleum Technology Transfer Center March 15, Opportunities for Producers zExplore the 'Stripper Well Consortium' program to obtain funding for specific well improvement projects in the range of $50K - $150$. zCEC joint venture to assist small California oil and gas producers yAimed to reduce electricity consumption and lower field operational cost

Petroleum Technology Transfer Center March 15,