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Anadarko CEO Jim Hackett spoke to students at Southern Methodist University about how our nation’s low-carbon future and economy rests on abundant, clean, American natural gas. His speech is part of the prestigious Frank Pitts Lecture Series at the Maguire Energy Institute.
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January 14, 2010
A Conventional Fuel as an Unconventional AnswerJim Hackett – Chairman, President and CEO
2January 14, 2010
ENERGY FOR AMERICA
AbundantDomesticCleanAffordableJobs
Abundant
3January 14, 2010
2,074.1TCF OF FUTURENAT GAS SUPPLY
58%INCREASE IN THE PAST 4 YEARS
POTENTIAL GAS COMMITTEE REPORT, JUNE 2009
COALBED GAS RESOURCESTRADITIONAL GAS RESOURCES
SHALE GAS (615.9 TCF)
TOTAL POTENTIAL RESOURCES (VALUES, TCF)
1,836.4 TcfINCREASE INTHE PAST 4 YEARS
237.7 TcfPROVED RESERVES
NATURAL GAS: AN ABUNDANT RESOURCE
4January 14, 2010
TCF
/ YEA
R
UNCONVENTIONALINCLUDES NATURAL GAS FROM SHALE FORMATIONS, COAL SEAMS AND TIGHT SAND
UNCONVENTIONAL GAS: A GAME CHANGER
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ENERGY FOR AMERICA
AbundantDomesticCleanAffordableJobs
Domestic
6January 14, 2010
U.S. ENERGY INFORMATION ADMINISTRATION
32 OF 50STATES HAVE PRODUCTION
85%SUPPLY FROM U.S.
97%SUPPLY FROM NO. AMERICA
NATURAL GAS PRODUCING STATES
7January 14, 2010
Cody
PierreFayettevilleFayetteville
HaynesvilleHaynesville
Eagleford/Pearsall
Horn River
Montney
Deep Basin Colorado Group
Mowry
Gammon
Bakken
Baxter/MancosBaxter/Mancos
MancosMancos
Barnett/Woodford
Barnett
MulkyNew Albany
Antrim
Marcellus/Ohio/HuronMarcellus/Ohio/Huron
Utica
Woodford
Floyd-Neal
NiobraraNiobrara
Lewis
SHALE PLAYS IN NORTH AMERICA
8January 14, 2010
ENERGY FOR AMERICA
AbundantDomesticCleanAffordableJobs
Clean
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NATURAL GASWIND / SOLARVIABLERENEWABLEENERGY MIX
NATURAL GAS IS CLEANER
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TYPICAL EMISSIONS FOR COAL-FIRED, OIL-FIRED, AND NATURAL GAS GENERATING PLANTS (POUNDS PER MEGAWATT-HOUR)
U.S. ENERGY INFORMATION ADMINISTRATION, “NATURAL GAS ISSUES AND TRENDS,” 1998. �COMPUTED USING EIA DATE BASED ON THE FOLLOWING CONDITIONS: �A. COMBINED CYCLE (GAS/STEAM TURBINE PLANT) HEAT RATE OF 6,500 BTU/KW-HOUR (THERMAL EFFICIENCY=52.2%)B. SIMPLE CYCLE (GAS TURBINE PLANT) HEAT RATE OF 9,750 BTU/KW-HOUR (THERMAL EFFICIENCY=35.0%)
NATURAL GAS IS CLEANER
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WE NEED MORE NATURAL GAS VEHICLES (NGVs)
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THE NGV OPPORTUNITY
The transportation sector accounts for 30% of U.S. CO2 emissions.
Converting one heavy-duty truck from diesel to natural gas is the pollution-reduction equivalent of removing 325 cars from the road.
There are more than 10 million NGVs worldwide, with only about 120,000 in the U.S. – ranking us 12th
in the world.
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ENERGY FOR AMERICA
AbundantDomesticCleanAffordableJobsAffordable
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REDUCING VOLATILITY THROUGH GREATER SUPPLY
NO SPIKE FROM IKE
PRICE SPIKEPRICE SPIKE FROMKATRINA & RITA
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ENERGY FOR AMERICA
AbundantDomesticCleanAffordableJobsJobs
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2.8 MILLION2008 TOTALEMPLOYMENT
2.6 MILLION2007 TOTALEMPLOYMENT
2.4 MILLION2006 TOTALEMPLOYMENT
NATURAL GAS STRENGTHENS THE U.S. ECONOMY
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WE NEED YOU INVOLVED
18January 14, 2010
PRIMARY ENERGY CONSUMPTION BY SOURCE & SECTOR, 2008 (Quadrillion Btu)
37.1PETROLEUM
23.8NATURAL GAS
22.5COAL
7.3RENEWABLE ENERGY(Including hydro ~5%)
27.8TRANSPORTATION
20.6INDUSTRIAL
10.8RESIDENTIAL
& COMMERCIAL
40.1ELECTRIC
POWER
8.5NUCLEAR
SUPPLYSOURCES
% OF SOURCE
% OF SECTOR
DEMANDSECTORS
ENERGY INFORMATION ADMINISTRATION, ANNUAL ENERGY REVIEW, 2008
WE NEED A DIVERSIFIED ENERGY PORTFOLIO
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Total 4,157 Billion kWhElectric Utility Plants 60.2%Independent Power Producers and Combined Heat & Power Plants 39.8%
WE NEED CLEANER ELECTRICITY GENERATION
1.6
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22.8% 68.5%
WE NEED TO SWITCH TODAY
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U.S. ENERGY INFORMATION ADMINISTRATION
32GOVERNORS
64SENATORS
324MEMBERS OF CONGRESS
WE NEED CONSTRUCTIVE LEGISLATION
January 14, 2010
A Conventional Fuel as an Unconventional Answer for Climate
Change and National Security