energy producing states coalition meeting austin, texas december 2, 2012
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Energy Producing States Coalition Meeting Austin, Texas December 2, 2012. Chairman Barry T. Smitherman Railroad Commission of Texas www.rrc.state.tx.us www.smithermantx.com. The Permian Basin. The Barnett Shale. - PowerPoint PPT PresentationTRANSCRIPT
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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