Natural Gas The Natural Choice Now. Presented by: Jim Hackett Chairman & CEO
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Transcript of Natural Gas The Natural Choice Now. Presented by: Jim Hackett Chairman & CEO
Natural GasThe Natural Choice Now.Presented by:
Jim HackettChairman & CEOAnadarko Petroleum Corporation
Chairman, ANGA
ANGA Member Companies
DOMESTIC
Rise of the Shale Plays
Haynesville
Fayetteville
New Albany
Floyd-Neal
Marcellus/Devonian/Utica
WoodfordBarnett-Woodford
Eagle Ford / Pearsall
Barnett
Lewis
Cody
Mulky
Bakken
Antrim
Baxter-Mancos
MowryGammon
Mancos
Pierre
ABUNDANT
Total Potential Natural Gas Resources(trillion cubic feet)
Source: Potential Gas Committee Report, June 2009
*From 1990-2006, traditional resources include shale gas, which was not broken out separately by the PGC until 2008.
A New Age of Nat Gas Abundance
Potential Shale Gas ResourcesPotential Traditional Resources*Proved Reserves
Growing Role for Shale GasNorth American Dry Gas Productive Capacity
(BCF per Day)
Source: IHS CERA, Fueling the Future, 2010
Shale
Tight Sands
Coalbed Methane
Conventional
Associated
Fracture Stimulation
• Groundwater often found 50 – 600 feetGroundwater often found 50 – 600 feet
• Average shale gas well is >7,500 feetAverage shale gas well is >7,500 feet─ 1 ½ miles below the Earth’s surface1 ½ miles below the Earth’s surface
─ 1 ½ times deeper than the deepest part of the 1 ½ times deeper than the deepest part of the Grand CanyonGrand Canyon
─ More than 25 football fields laid out goal post More than 25 football fields laid out goal post to goal postto goal post
• Groundwater is protected by:Groundwater is protected by:─ A properly designed well is most effectiveA properly designed well is most effective
─ Subsurface fluid properties Subsurface fluid properties
─ Casing and cement provide Casing and cement provide
multiple barriersmultiple barriers
FRACTURE STIMULATION WATER USE VS. OTHER ENERGY TECHNOLOGIES
Energy Resource Range of Gallons of Water Used per MMBtu of Energy Produced
Deep Shale Natural Gas 0.60 - 5.8
Nuclear (uranium ready to use in a power plant) 8 - 14
Conventional Oil 8 - 20
Synfuel- Coal Gasification 11 - 26
Coal (ready to use in a power plant) 13 - 32
Oil Shale 22 - 56
Tar Sands 27 - 68
Synfuel- Fisher Tropsch (from coal) 41 - 60
Enhanced Oil Recovery (EOR) 21 - 2,500
Fuel Ethanol (from corn) 2,510 - 29,100
Biodiesel (from soy) 14,000 - 75,000
Source: The Groundwater Protection Council and the U.S. Department of Energy
JOBS
2.8 MILLION2008 Total Employment
2.8 MILLION2008 Total Employment
$385 BILLION2008 Total Value Added
$385 BILLION2008 Total Value Added
$181 BILLION2008 Total Labor Income
$181 BILLION2008 Total Labor Income
Natural Gas Employment(Average Annual Workers)
Direct Indirect Induced
Source: IHS Global Insight, 2009
2.8 Million American Jobs
POWERGENERATION
Today’s Electricity Mix
Source: EIA, 2009 Annual Energy Review
45% coal
23% natural gas
20% nuclear
7% hydropower
4% other renewablewind, biomass, geothermal and solar
1% other non-renewable
Ready Now
24 % Utilized
72% Utilized
397 GW
313 GW
Utilization of Electric Generation Capability(net generation as a percentage of net summer capacity)
Source: EIA, 2008 Electric Power Annual
CLEANER
Clean Energy
Natural Gas Coal
Carbon Dioxide 117,000 208,000
Carbon Monoxide 40 208
Nitrogen Oxides 92 457
Sulfur Dioxide 1 2,591
Particulates 7 2,744
Mercury 0 0.016
Natural Gas = Fewer Emissions(Pounds per Billion BTU of Energy Input)
Source: EIA, Natural Gas Issues and Trends, 1998
Meeting Clean Air Goals
EPA Non-Attainment Areas – June 2010
Source: EPA, Green Book, June 15, 2010
Utilities Going With Natural Gas
“Power plant developer will use natural gas instead of coal…”
Las Vegas Sun, 3/22/2010
“Power plant developer will use natural gas instead of coal…”
Las Vegas Sun, 3/22/2010
“Natural Gas Should Be Key In Energy Planning…”
San Antonio Express-News, 6/2/2010
“Natural Gas Should Be Key In Energy Planning…”
San Antonio Express-News, 6/2/2010
“Calpine Approved for 600MW Natural Gas-Fired Plant”
Power-Gen Worldwide, 2/4/2010
“Calpine Approved for 600MW Natural Gas-Fired Plant”
Power-Gen Worldwide, 2/4/2010
“Move to Natural Gas Helps Clear the Air…”
Denver Post, 4/4/2010
“Move to Natural Gas Helps Clear the Air…”
Denver Post, 4/4/2010
“Tennessee Valley to Build Natural Gas Power Plant”
Associated Press, 6/4/2009
“Tennessee Valley to Build Natural Gas Power Plant”
Associated Press, 6/4/2009
“Natural Gas-Fired Power Plant to be Built in Central PA”
WITF News, 2/22/2010
“Natural Gas-Fired Power Plant to be Built in Central PA”
WITF News, 2/22/2010
“Traverse City Light & Power Scraps Plan for Biomass Plant, Opts for Gas.”
Bloomberg, 6/28/2010
“Traverse City Light & Power Scraps Plan for Biomass Plant, Opts for Gas.”
Bloomberg, 6/28/2010
“N.C. Regulators Approve Plan to Build Natural Gas-Fueled Power Generation”
WWAY News, 6/9/2010
“N.C. Regulators Approve Plan to Build Natural Gas-Fueled Power Generation”
WWAY News, 6/9/2010
“Natural Gas is Good for Texas and the Environment”
Corpus Christi Caller-Times, 7/2/2010
“Natural Gas is Good for Texas and the Environment”
Corpus Christi Caller-Times, 7/2/2010
“Renewables Need Helping Hand From Gas”San Diego Union-Tribune, 5/23/2010
“Renewables Need Helping Hand From Gas”San Diego Union-Tribune, 5/23/2010
TRANSPORTATION
The Opportunity: Heavy-Duty Vehicles
Miles Traveled(average per year)
Fuel Economy(average mpg)
Fuel Consumed(average gallons per year)
Heavy-Duty Vehicles Vans, Pickups & SUVs Passenger Cars
Source: EIA Annual Energy Review 2009
Making a Difference
Converting just one heavy-duty waste truckfrom diesel to natural gas …
… offers the emissions reduction equivalent of taking 325 cars off the road.
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