energy producing states coalition meeting austin, texas december 2, 2012

Energy Producing States Coalition MeetingAustin, Texas

December 2, 2012

Chairman Barry T. SmithermanRailroad Commission of Texas

www.rrc.state.tx.uswww.smithermantx.com

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Canada Persian Gulf Mexico Venezuela Russia Nigeria

2,992,000

2,244,000

1,000,833 919,000

449,667 420,833

2012 Daily Petroleum ImportsSix-Month Averages

Total Petroleum Products BPD

Net Im-

ports45%U.S. Petro-

leum55%

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The Permian Basin

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The Barnett Shale

The Barnett Shale has generated $65.4 billion in economic activity and created more than 100,200 jobs since 2001.

1993 1995 1997 1999 2001 2003 2005 2007 2009 20110

500

1,000

1,500

2,000

2,500

11 14 20 26 28 34 41 79135

221304

380

503

716

1,104

1,612

1,7731,848

2,004

1,121

Newark, East (Barnett Shale) Gas Well Gas Production1993 through July 2012

BC

F 11.9 TCF Gas Since 1993!

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Eagle Ford Shale

• Texas has over 1,200 pipeline operators• There are over 366,274 miles of pipeline in Texas• Natural gas pipelines run through all 254 counties in Texas

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Picture source: API

The world will require 53% more energy in 2035 than in 2008 in order to sustain modest economic growth. Approximately 80% will still be fossil fuels!

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How much do we close the Gap?

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Can the U.S. Achieve Energy Independence By 2020?

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QUESTIONS?

barry.smitherman@rrc.state.tx.us

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