The New Economics of Oil and Gas: Implications for Texas and the - - PowerPoint PPT Presentation

▶
the new economics of oil and gas implications for texas
SMART_READER_LITE
LIVE PREVIEW

The New Economics of Oil and Gas: Implications for Texas and the - - PowerPoint PPT Presentation

Jan 15, 2023 303 likes •730 views

The New Economics of Oil and Gas: Implications for Texas and the U.S. Presentation to the DFW Turnaround Management Association Bernard L. Weinstein, Ph.D. Associate Director, Maguire Energy Institute Cox School of Business Southern Methodist

slide-1
SLIDE 1

The New Economics of Oil and Gas: Implications for Texas and the U.S.

Presentation to the DFW Turnaround Management Association Bernard L. Weinstein, Ph.D. Associate Director, Maguire Energy Institute Cox School of Business Southern Methodist University Dallas, Texas February 18, 2016

slide-2
SLIDE 2

BOOM IN THE OIL PATCH

slide-3
SLIDE 3

BIRD’S EYE VIEW OF A FRAC SITE IN THE PERMIAN BASIN

slide-4
SLIDE 4
slide-5
SLIDE 5
slide-6
SLIDE 6
slide-7
SLIDE 7

GROWTH IN OIL PRODUCTION: US v. OPEC

slide-8
SLIDE 8
slide-9
SLIDE 9

BATTLE OF THE SHEIKS VS. SHALE: WHO WILL BLINK FIRST?

slide-10
SLIDE 10
slide-11
SLIDE 11
slide-12
SLIDE 12
slide-13
SLIDE 13

WHAT DO WE MEAN BY “BREAKEVEN?”

Source: Wood Mackenzie

slide-14
SLIDE 14

HOW LOW CAN IT GO?

slide-15
SLIDE 15
slide-16
SLIDE 16

$400 billion of deferred E&P projects worldwide

slide-17
SLIDE 17

MANUFACTURING OUTPUT IS FALLING. WHY?

slide-18
SLIDE 18
slide-19
SLIDE 19

350,000 Announced Layoffs and Counting: Is This the New Normal?

slide-20
SLIDE 20

36 filings in 2015 LAYOFFS AND BANKRUPTCIES

slide-21
SLIDE 21
slide-22
SLIDE 22
slide-23
SLIDE 23

20,000 40,000 60,000 80,000 100,000 120,000 TX ND CA NM AK CO OK WY LA KS 1 2 3 4 5 6 7 8 9 10

Crude Oil Production, thousand barrels, August 2015

Crude Oil Production, thousand barrels

slide-24
SLIDE 24

500 1000 1500 2000 2500 3000 3500 4000 $0 $20 $40 $60 $80 $100 $120 $140 $160 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

June 2014 March 2015

Texas Oil Production and Prices Since 2000

Texas Daily Oil Production in 1000s of Barrels Price of Oil in $2015 Poil Qoil

slide-25
SLIDE 25

A PICTURE THAT SPEAKS FOR ITSELF

slide-26
SLIDE 26

IDLED OFFSHORE DRILLING RIGS-GULF OF MEXICO

slide-27
SLIDE 27

“Oil Slump Hits Houston Home Market”

Wall St. Journal, January 19, 2016

slide-28
SLIDE 28

IS CHEAP GAS GOOD FOR AMERICA?

slide-29
SLIDE 29

THE TRUCKING INDUSTRY IS ON A ROLL

slide-30
SLIDE 30
slide-31
SLIDE 31

Freight Loadings Forecast

400 450 500 550 600 650 700 750 800 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Millions of Loads Originated

U.S. Truck Loadings Originated

  • Expect 2006 levels to be exceeded in 2016

Source: FTR Trucking Update Report

2006 Peak

slide-32
SLIDE 32

2015 WAS A RECORD YEAR FOR AUTO SALES

slide-33
SLIDE 33
slide-34
SLIDE 34

AIRLINES EARNING RECORD PROFITS

$22B

slide-35
SLIDE 35

IS THIS WHERE WE’RE HEADING?

slide-36
SLIDE 36

UNCERTAINTY #1: IS THE CHINESE ECONOMY IMPLODING?

slide-37
SLIDE 37
slide-38
SLIDE 38

CAN IRAN REALLY BOOST PRODUCTION BY ONE MILLION BBD IN A YEAR?

UNCERTAINTY #2

slide-39
SLIDE 39
slide-40
SLIDE 40

OIL PRICES AND INVESTMENT: A 65-YEAR PERSPECTIVE

slide-41
SLIDE 41