michal pelzig
TRANSCRIPT
ESG Risks and Opportunities:Marcellus Shale Gas Study
TBLI Conference Europe 2010
12 November, 2010
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Hess Corporation Profile (2009)
Sales and other operating revenue USD 2.96 bnNet income USD 0.74 bnCapital and exploratory expenditures USD 3.25 bnTotal assets USD 2.95 bnTotal net hydrocarbons produced 408,000 BOE/DRefined petroleum product sales 473,000 BOE/D
2009 Operating Highlights
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Enterprise Risk Factors
• Commodity price
• Technical
• Oil & Gas reserves and discounted future net cash flow
• Political
• Environmental
• Climate Change (2009)
• Competitive
• Catastrophic
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U.S. Shale Gas Basins in the Lower 48 States
Source: US EIA
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Source: US EIA, Lippman Consulting (2010 estimated)
Shale Gas Production by Basin, 2000-2010
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Rapid Marcellus Development
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Drilling Permits Issued (through August, 2010)
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Information Resources
http://live.psu.edu/story/49699#rssMarcellus_shalePennsylvania State University Marcellus Center for Outreach and Research
FRACTRACKER http://www.fractracker.org/p/about-us.htmlUniversity of Pittsburgh Graduate School of Public Health
Center for Healthy Environments and Communities (CHEC)
Foundation for Pennsylvania Watersheds
Heinz Endowments
Backup Slides
Climate Change – Regulatory/Emissions Risk
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GHG Emissions Profile: Stationary Sources
Net Equity Greenhouse Gas Emissions (CO2e)
44
39
35
0
2
4
6
8
10
12
2008 2009 2013
Mill
ion
Tonn
es C
O2e
Mill
ion
Tonn
es C
O2e
/100
0 BO
E
M&R Operated E&P JDA JVSonaHess JV HOVENSA JV Non-operated E&PSamara Nafta Normalized GHG
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GHG Regulatory Risk Profile
Refinery
E&P Production
Gas Plant
EU ETS, Norway carbon taxes
US EPA GHG Reporting RuleEPA GHG Reporting Rule Coverage (Stationary Sources)
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Climate Change Physical Risk Profile
Refinery
E&P Production
Gas Plant
Terminals
Marketing