I. EXPLORATORY/DRILLING/PRODUCING WELLS #

Transcription

1 UNITED STATES PETROLEUM STATISTICS INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA

2 IndEx TABLE I. EXPLORATORY/DRILLING/PRODUCING WELLS # Horizontal Rig Percentage...1 Exploratory Wells...1 Capital & Exploration Spending...16 Footage Drilled...2 New-Field Wildcat Wells...1 Producing Wells...3 Rotary Rigs...2 Upstream Firm Count...3 Marginal Wells...4 Well Completions...1,2 II. CRUDE OIL & PETROLEUM PRODUCTS Demand...8 Exports...8 Imports...9,10 Prices...13,14 Production...4,7 Reserves...5,6 Revenues...15 Marginal Oil Well Production...4 III. NATURAL GAS & NGLs Consumption...11 Exports...11 Imports...11 Prices...12,13 Production...7,11 Reserves...5,6 Supply...11 Marginal Natural Gas Well Production...4 IV.ENERGY, ECONOMICS & FINANCIAL DATA Onshore Lease Statistics...17 Employment...18 Energy / GDP Ratio...8 Energy Shares...7,8 Capital & Exploration Spending...16 Gross Domestic Product...19 Oil Import Costs...19 Price / Production Indices...17,19 Prices...12,13,14 Energy Trade Balance & Royalty Revenues...16 Wellhead Revenues...15 Severance & Production Taxes...15 Wages...16

3 1. ExPloratIon activity Horizontal Rig Share* (%) Exploratory Wells Drilled Oil Gas Dry Success % New-Field Wildcat Wells ,465 3, , ,024 3, , ,956 3, , ,113 3, , ,590 2, , ,157 1, , ,341 2, , ,052 1,733 3, , ,282 2, , ,297 2, , ,671 1,350 3, , ,141 1,462 4, , ,456 1,547 4, , ,794 1,582 5, , ,345 1,715 4, , ,206 1,055 2, , ,105 1,066 2, , , , , ,031 2, , , ,274 *Based on year rotary rig data (does not include directional) 2. drilling Rotary Rigs Active Well Completions Oil Gas Dry Excl. Service Footage Drilled (Mill. Ft.) ,001 9,739 5,515 22, ,248 8,082 4,814 21, ,836 9,027 4,890 22, ,206 11,498 5,874 28, ,682 11,639 4,761 24, ,805 12,027 3,550 20, ,090 17,051 4,146 29, ,156 8,888 22,072 4,598 35, ,775 17,342 3,754 27, ,032 8,129 20,722 3,982 32, ,192 8,789 24,186 4,082 37, ,381 10,779 28,590 4,653 44, ,649 13,385 32,838 5,206 51, ,769 13,371 32,719 4,981 51, ,880 16,633 32,246 5,423 54, ,086 11,190 18,088 3,525 32, ,541 15,753 16,696 4,162 36, ,875 19,468 13,220 4,081 36, ,919 26,713 10,256 4,462 41, ,761 25,632 7,514 3,805 36,

4 3. firms & ProdUcInG wells Upstream Firm Count* Crude Oil Producing Wells % of Natural Gas Producing Wells % of Producing Wells 1994 N/A 581, , , N/A 574, , , N/A 574, , , N/A 573, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,016, , , , ,013, , , , ,028, N/A 560, , ,043, N/A 579, , ,066,743 *Includes extraction, drilling, support activities and geophysical activity 4. marginal wells No. Oil Wells Oil Production (Thous. b/d) Percent of U.S. Oil Wells No. Natural Gas Wells Natural Gas Production (Mmcf/d) Percent of U.S. Gas Wells , , ,924 1,443, , , ,409 1,275, , , ,440 1,308, , , ,519 1,394, , , ,230 1,563, , , ,655 1,742, , , ,684 1,818, , , ,012 1,987, , , ,539 2,100, , , ,418 2,236, , , ,919 2,395, , , ,948 2,565, , , ,999 2,731, , , ,667 2,849, , , ,204 3,057, , , ,991 3,000, , , ,257 3,088, , , ,084 2,989, , , ,837 2,956, N/A N/A N/A N/A N/A N/A

5 5. new reserves added Crude Oil Liquid Hydrocarbons (Mill. Bbls.) NGL Natural Gas (Tcf) Crude Oil Reserves Per New Oil Well (Bbls.) Nat. Gas Reserves Per New Gas Well (MMcf) , , ,535 2, ,107 1,020 3, ,456 2, ,839 1,274 3, ,126 2, ,667 1,013 3, ,998 1, ,354 1, ,683 1,278 3, ,377 1, ,160 1,361 3, ,996 1, , , ,576 1, , , ,849 1, , , ,211 1, ,299 1,296 2, , ,119 1,025 3, ,586 1, ,118 1, , ,036 1,502 3, ,270 1, (524) (31,504) ,312 1,429 3, ,979 1, ,352 1,997 6, ,265 3, ,111 1,800 6, ,533 4, ,839* N/A N/A (26.1) 256,018 (2,549) 2013 N/A N/A N/A N/A N/A N/A *Includes lease condensate. NGL reserves no longer provided post Wet Gas (vs. Dry) used in ProvEd reserves As of Dec. 31st Crude Oil Liquid Hydrocarbons (Mill. Bbls.) NGL Liquid Natural Gas (Tcf) Reserve/Production Ratio Crude Oil Liquid Natural Gas ,457 7,170 29, ,351 7,399 29, ,017 7,823 29, ,546 7,973 30, ,034 7,524 28, ,765 7,906 29, ,045 8,345 30, ,446 7,993 30, ,677 7,994 30, ,891 7,459 29, ,371 7,928 29, ,757 8,165 29, ,972 8,472 29, ,317 9,143 30, ,121 9,275 28, ,682 8,557 29, ,267 9,809 33, ,544 10,825 37, ,403* N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A *Includes lease condensate. NGL reserves no longer provided post Wet Gas (vs. Dry) used in 2012.

6 7. PEtrolEUm ProdUctIon Crude Oil NGL (Thous. b/d) Production Average Crude Oil Per Well (b/d) % of U.S. Energy Production Petroleum Natural Gas ,662 1,727 8, ,560 1,762 8, ,465 1,830 8, ,452 1,817 8, ,252 1,759 8, ,881 1,850 7, ,822 1,911 7, ,801 1,868 7, ,744 1,880 7, ,649 1,719 7, ,441 1,809 7, ,181 1,717 6, ,088 1,739 6, ,077 1,783 6, ,000 1,784 6, ,353 1,910 7, ,471 2,074 7, ,652 2,216 7, ,495 2,408 8, ,451 2,556 10, PEtrolEUm consumption Domestic Petroleum Demand (Thous. b/d) Export Petroleum % of U.S. Energy Consumption Natural Gas Energy/GDP Ratio (Thous. Btu Per 2009$) , , , , , , ,620 1,003 19, , , , , ,701 1,040 20, , , , , ,034 1,027 21, ,731 1,048 21, ,802 1,165 21, ,687 1,317 22, ,680 1,433 22, ,498 1,802 21, ,771 2,024 20, ,180 2,353 21, ,882 2,986 21, ,490 3,205 21, ,887 3,594 22,

7 9. PEtrolEUm supply Crude Oil Imports Refined Products (excl. SPR) (Thous. b/d) Other Supply Supply Imports as % of Demand ,063 1,933 8,996 1,275 18, ,230 1,605 8,835 1,517 18, ,508 1,970 9,478 1,517 19, ,225 1,937 10,162 1,192 19, ,706 2,002 10,708 1,143 19, ,731 2,121 10,852 1,876 20, ,071 2,388 11,459 1,549 20, ,328 2,543 11,871 1,079 20, ,140 2,390 11,530 1,591 20, ,665 2,599 12,264 1,429 21, ,088 3,057 13,145 1,384 21, ,126 3,588 13,714 1,355 21, ,118 3,589 13,707 1,470 22, ,031 3,437 13,468 1,785 22, ,783 3,132 12,915 1,601 21, ,013 2,678 11,691 1,841 20, ,213 2,580 11,793 2,195 21, ,935 2,501 11,436 2,564 21, ,527 2,071 10,598 2,203 21, ,719 2,075 9,794 2,688 22, PEtrolEUm ImPorts by origin OPEC Sources Arab OPEC & Iran Persian Gulf Thous. b/d % Imports Thous. b/d % Imports Thous. b/d % Imports Thous. b/d (incl. SPR) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,794

8 11. natural Gas Marketed Production (Wet) Dry Gas Production Imports Exports Supply Consumption (Bcf) ,710 18,821 2, ,205 21, ,506 18,599 2, ,927 22, ,812 18,854 2, ,668 22, ,866 18,902 2, ,694 22, ,961 19,024 3, ,310 22, ,805 18,832 3, ,166 22, ,198 19,182 3, ,261 23, ,570 19,616 3, ,076 22, ,885 18,928 4, ,193 23, ,974 19,099 3, ,249 22, ,517 18,591 4, ,407 22, ,927 18,051 4, ,745 22, ,410 18,504 4, ,347 21, ,196 19,266 4, ,059 23, ,112 20,159 3, ,580 23, ,648 20,624 3,751 1,072 27,297 22, ,382 21,316 3,741 1,137 28,515 24, ,036 22,902 3,469 1,506 29,405 24, ,308 24,058 3,138 1,619 29,977 25, ,616 24,282 2,883 1,572 30,760 26, natural Gas PrIcEs Current $ Wellhead Constant 2009$ City Gate ($/Mcf) Residential Commercial End Use Industrial Utilities N/A N/A

9 13. oil & composite PrIcEs Crude Wellhead Refiner Acquisition Cost Oil/Gas Composite Current $ Constant 2009$ U.S. Import ($/Bbl.) Current $ Constant 2009$ * 48.47* *CityGate price used in 2013 for natural gas 14. PEtrolEUm ProdUct PrIcEs Wholesale Prices Composite Gasoline Kerosene Distillate (#2) Resid. Fuel Average 4 Products Retail Gasoline Excl. Taxes Incl. Taxes ($/Gal.) ($/Bbl.) ($/Gal.)

10 15. wellhead revenues & taxes Crude Oil Wellhead Revenues (Mill. $) % of Natural Gas % of Severance and Production Taxes Paid (Mill. $) , , ,537 3, , , ,240 3, , , ,672 3, , , ,665 3, , , ,929 2, , , ,774 2, , , ,265 4, , , ,523 5, , , ,854 3, , , ,299 5, , , ,787 6, , , ,818 7, , , ,881 9, , , ,494 10, , , ,356 18, , , ,547 11, , , ,461 10, , , ,431 13, , , ,395 16, ,056 N/A N/A* N/A N/A N/A *Wellhead natural gas price no longer available 16. trade & financial statistics Energy Trade Balance & Royalties Trade (billions) Royalties (billions) Public Co. Capital & Exploration Spending (Mill. $) Majors Non-Majors Wages ($/Hour) Oil & Gas All Mfg (47,480) 2,949 30,745 19,130 49, (48,751) 2,639 34,226 19,627 53, (65,905) 3,723 38,768 22,773 61, (65,595) 4,264 38,355 33,574 71, (47,072) 3,364 39,992 29,299 69, (65,923) 3,278 31,668 18,612 50, (122,188) 5,245 34,884 25,082 59, (109,429) 7,721 27,944 41,664 69, (104,207) 4,621 25,985 31,834 57, (139,530) 5,971 24,653 31,103 55, (188,018) 6,548 27,792 39,596 67, (263,235) 8,031 34,160 51,786 85, (297,789) 10,029 49,264 67, , (323,262) 9,414 49,322 76, , (415,810) 12,594 59, , , (217,203) 6,834 55,216 67, , (274,357) 6,596 58,388 81, , (324,850) 9,413 72, , , (287,828) 9,054 67, , , (232,077) 9,678 N/A N/A N/A

11 17. lease statistics & E&P IndIcEs New BLM Leases Issued Onshore Lease Statistics Federal Acres Producing Federal APDs Approved Producer Price Index Crude Price Index 1982=100 Oil Machinery Index ,159 10,584,811 2, ,528 10,698,690 1, ,375 10,514,920 1, ,182 10,482,046 2, ,105 10,796,550 2, ,075 10,718,687 1, ,900 10,758,751 3, ,289 11,421,865 3, ,384 11,413,541 3, ,022 11,537,130 3, ,699 11,671,414 6, ,514 12,529,618 4, ,746 12,267,612 6, ,499 11,629,625 7, ,416 14,543,425 6, ,072 12,842,209 4, ,308 12,205,416 4, ,188 12,316,233 4, ,729 12,512,974 4, ,468 12,617,743 3, oil & Gas EmPloYmEnt Extraction Refining Transportation Wholesale Retail Industry (Thous.) , , , , , , , , , , , , , , , , , , , ,122.6

12 19. GEnEral EconomIc data Cost of Oil Imports Gross Domestic Product Current $ Constant 2009$ Price Deflator Consumer Price Index Industrial Production Index (Bill. $) 2009= = = , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,163,2 15, , , PEaK YEar milestones Upstream Firm Count ,721 (from 1998) Horizontal Rig Share % Rotary Rigs Active ,970 Exploratory Wells Drilled ,573 Oil Wells Drilled ,887 Gas Wells Drilled ,838 Dry Holes Drilled ,953 Wells Drilled ,090 Producing Oil Wells ,626 Producing Gas Wells ,534 New BLM Leases Issued ,234 (from 1988) Crude Oil Production ,637 Thous. b/d Oil and Gas Mineral Revenues Billion $ Petroleum Imports ,714 Thous. b/d Petroleum Demand ,802 Thous. b/d Natural Gas Production ,616 Bcf* Natural Gas Consumption ,037 Bcf* Natural Gas Exports ,619 Bcf Oil Wellhead Price 2013 $95.99 per Bbl. Gas Wellhead Price 2008 $7.97 per Mcf Industry Employment Mill. *based on preliminary estimated data

13 sources: 1. Upstream Firms: U.S. Census - Statistics of U.S. Businesses (includes Oil & Gas Extraction, Drilling, Support Activities & Geophysical Surveying); Wells: IHS & EIA 2. Rotary Rigs: Baker Hughes; Wells & Footage: IHS & EIA 3. Horizontal Rig Percentage: Baker Hughes Rotary Rig Data; Producing Wells: EIA & World Oil 4. Marginal Wells: IHS EIA EIA & IPAA 14. Wholesale & Retail Prices: EIA 15. Wellhead Value: EIA; Severance Taxes: IPAA Survey 16. Energy Trade Balance - EIA; Mineral Revenues: Office of Natural Resources Revenue; Spending: Oil & Gas Journal 17. Onshore Lease Statistics: Department of Interior, Bureau of Land Management; Other Indices: Dept. of Commerce 18. Bureau of Labor Statistics (BLS) data from NAIC codes post Refining includes lubricants, greases, etc. Transportation includes pipeline construction & wholesale includes oilfield machinery. For peak employment milestones, 1981 used different data methodology (SIC). 19. Department of Commerce, BLS and Federal Reserve notes: A. Crude oil production and imports include lease condensate. Other petroleum supply includes refinery processing gain and other hydrocarbons. B. Producing wells and reserves are shown as of December 31st each year. C edition replaced various obsolete data categories on Tables 1, 3, 16 and 17. D. Imports for the Strategic Petroleum Reserve are included only in Table #10, Imports by Origin. E. Marketed natural gas (wet) includes natural gas liquids. natural gas supply includes withdrawals from storage and supplemental gaseous fuels. F. All GDP statistics are in 2009 chain weighted dollars, unless noted otherwise. G. Employment numbers include oilfield machinery (in Wholesale) post-1997 & pipeline construction post-2001 (in Transportation). NAIC codes used post H. Energy trade includes coal and electricity. Royalty revenues include oil, natural gas and NGLs as available.

14 InformatIon on IPaa EconomIc reports The Independent Petroleum Association of America is the national association representing the 6,000 independent crude oil and natural gas explorers/producers in the United States. Organized in 1929, IPAA acts as the primary spokesman for the independent oil and natural gas industry before all departments and agencies of the federal government and the public. IPAA provides a full range of services including statistical and economic analysis, government relations, and communications. You can also access these industry statistics online at: In addition to United states Petroleum statistics (Annually), IPAA offers the following publications as part of its Economic Reports package: the oil & natural Gas Producing Industry in Your state (Annually) IPaa Playbook (updated annually) surveys - Profile of Independent Producer International Primer & International surveys (First Edition & Supplements) IPAA Members may receive all the Economic Reports on a regular basis by paying $100 per year. Non-members of IPAA may subscribe to the reports by paying $500 per year. To subscribe or inquire about any of IPAA s Economic Reports, contact: Independent Petroleum association of america Frederick J. Lawrence Information Services Department th Street, N.W., Ste. 300 Washington, D.C flawrence@ipaa.org Phone Fax