1 ooga oilpatch snapshot
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OilpatchSnapshot
Oil&GasBusinessDevelopmentSeminar
October9,2012
OhioOil&GasIndustryIndustryinOhiofor152years
275,774oilandgaswellsdrilled64,378wellsinproduc?on
Produc?on
CrudeOil
20114,852,964barrels
Total
1,141,380,706barrels
NaturalGas
201173,289,838mcf
Total
8,593,388,085mcf
Produc?onnumberses?matedbasedonavailabledata,compiledbyOOGA,oilreserve,gasreserveandtheDepartmentofEnergy
2011WellsDrilledbyCounty
AsofSept.2,2012354UKcaWells
PermiMed
97UKcaWellsDrilled27WellsinProducKon
≥20wells <20wells
460totalwells
WhatdoesShalemeantoOhio’s
Economy?
2010
• $988millioningrossstateproduct• $1.7billionstatewideoutputorsales
2011‐2014• Oilandgasproducersareprojectedtoreinvestover$34billioninexplorationanddevelopment,midstream,royaltyandleaseexpenditures.• Couldgenerateapproximately$12.3billiontothegrossstateproductandhaveastatewideoutputorsalesof$23billion. • Distribute$1.6billioninroyaltypayments
OhioOil&GasEnergyEducaKon
Programwww.oogeep.org
EconomicImpactStudy
ReleasedSeptember2011
It’s not the strongest of the species that survives, not the most intelligent, but the
ones most responsive to change – Charles Darwin
Access(Lease)Road
Predrilling Supply Chain
Source:MarcellusShaleEducaKonandTrainingCenter©MSETC,2012
• Construc?on• Aggregates• Surveying• Fencing• EquipmentRental• Environmental• Engineering
Upto2months
Timeframe
PictureprovidedbyChesapeake
Derrick
Drilling & Well Construction
• Trucks• Equipmentrental• Water• Security
• Fuel• Aggregates• Maintenance/repairparts• Housing/hospitality
Timeframe2‐4months
PictureprovidedbyChesapeake
Comple?onSupplyChain
• Water,WaterandmoreWater• Meters/monitoring• Refining• Productsales• SiteRestora?on• Pipeline• Weldingsupply• Compressors• ROWWorkTimeframe
Comple?onwork:2monthsupProduc?on:upto60Years
PictureprovidedbyChesapeake
Shale–GrowingImpact
11
Opportunity Considerations
Expor?ng Financing Logis?cs Geographicloca?on Teaming RegulatoryandPolicyupdates Fillingvoidswherebusinessesleavetoserviceindustry HumanResourcesissues
12
SupportServices Officereloca?on Reloca?onofworkers Childcare/educa?on Medical Entertainment Food Retail Communica?ons TemporaryEmployees
BusinessDevelopmentSeminarGoals
• Overviewofhowtheindustryprocurementprocessworks
• Opportuni?eswithinthesupplychain
• Toolstobuildabusinessplantoentertheoilandgasindustry– Safetyexpecta?ons– Insurancerequirements– Contracts– Marke?ngideas
OhioOilandGasAssocia?on
Mission:Toprotect,promote,fosterandadvancethecommon
interestsofthoseengagedinallaspectsoftheoilandgasproduc?onindustry
TheAssocia?onadvocatesfortheindustrybeforetheOhioGeneralAssembly,UnitedStatesCongress,stateandfederal
agenciesandthegeneralpublic.
OhioOilandGasAssocia?on
OOGAcontributestomembersbusinessandprofessionalgrowthbyofferingawiderangeofservices,programs,productsandmoneysavingopportuni?es.Ac?vi?esarefocusedinfourareas:• Advocacyonastateandna?onallevel• Informa?onsharingthroughmonthlynewsleeer,website,
emailalertsandreportservices• Educa?onalopportuni?esthroughindustryspecifictraining
andinforma?onsharingseminars• Economicalprogramstoensurecompliancewithstateand
federalregula?ons.
OhioOilandGasAssocia?on
KristyHawthorneDirectorofMembership
ServicesandSmallBusinessDevelopment
TheOhioOil&GasAssocia?on(OOGA)isatradeassocia?onwithover2,900membersinvolvedintheexplora?on,
produc?onanddevelopmentofcrudeoilandnaturalgasresourceswithintheStateofOhio.
[email protected]‐587‐0444
www.ooga.org