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Rick Wilkinson 17 Aug 2012 Energy Forum Armidale: Natural gas from coal.

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Presentation on theme: "Rick Wilkinson 17 Aug 2012 Energy Forum Armidale: Natural gas from coal."— Presentation transcript:

1 Rick Wilkinson 17 Aug 2012 Energy Forum Armidale: Natural gas from coal

2 Australia: abundant gas reserves Source: EnergyQuest, February 2012 CSG is the fastest growing source of energy in Eastern Australia East Australia 2P reserves = 49,655 PJ Queensland CSG 39,453 PJ Conventional Gas 7,375PJ New South Wales CSG 2,872 PJ

3 Global Perspective: Gas reserves and prices 3 Unconventional gas has had a major impact on the US gas industry

4 Key 2011 CSG statistics by state 4 NSWQueensland Number of CSG wells2493,261 Water produced in 2011 (GL)0.215.8 Water monitoring bores60626 Signed land access agreements 1122,459 Formal disputes of access agreements 00 Employees (Direct and Contracted) 24911,864 Community engagement events 177366 Community contributions$305,000$52,781,000 Source: APPEA member companies

5 More than just finding resources… CSG Industry ShareholdersLandholders Activists GovernmentCommunities Stop fossil fuels Occupy Wall Street Increase funding Overlapping interests Water security Value capture Risk management Capital allocation Superannuation Economic growth Risk management Regulation Mandate and re-election Change management Prosperity and sustainability Improved infrastructure

6 CSG and the land CSG Then CSG Now The Berwyndale field in the Surat Basin has been developed more recently, and demonstrates how CSG proponents work closely with landholders to optimise the layout of infrastructure to minimise the impact on their farm productivity. Lauren field in the Surat Basin was developed the way it was, during the drought years, in a manner that fitted both the landholder and the CSG company at the time.

7 Well site at Brawboy, Gunnedah Basin, NSW Core hole site and rehabilitation

8 QldNSWTexas Area (‘000 sq Km)1,731802696 Gross Farm Product* ($Bn) 9.18.39.7 Petroleum Wells7,000 249 218,556 A Case Study: Wells and Agriculture *Source: ABS 1367.0 State and Terr Stat Indicators for 2009/10; 2009 Texas Agriculture Statistics, USDA

9 Water Utilisation: The Great Artesian Basin Water Volume (Gigalitres pa) 881 616 91 Source: GAB Coordinating Committee (2010) http://www.gabcc.org.au ; CSG industry 30 yr avehttp://www.gabcc.org.au GAB Total Storage: 64,900,000 GL 2011 Actual = 16 GL

10 Beneficial use of produced water


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