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North American Natural Gas Markets

North American Natural Gas Markets. April 10th 2010 J. Cameron Bailey CFA President and Chief Executive Officer. Historical Decline Rates. US Production Declining by 30 - 35% per annum. US Natural Gas Production – Gas Drilling Activity. Source: EIA.

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North American Natural Gas Markets

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  1. North American Natural Gas Markets April 10th 2010 J. Cameron Bailey CFA President and Chief Executive Officer

  2. Historical Decline Rates US Production Declining by 30 - 35% per annum

  3. US Natural Gas Production – Gas Drilling Activity Acquire and Exploit Source: EIA

  4. US Natural Gas Directed Rig Count – Future Supply? Source: Baker Hughes

  5. US Natural Gas Production – Declining? USProduction Source: Bentek

  6. US Production - Declining When? Source: Bentek Acquire and Exploit

  7. Understanding the Natural Gas Investment Cycle Concept Land Acquisition Permits Rig Count – Baker Hughes Rig Count Completions Pipeline Construction & Tie-in Production – Daily Estimates Six Month Delay? Acquire and Exploit

  8. Delayed Production Response – Natural Gas Drilling Activity in Texas Source: Railroad Commission of Texas

  9. Texas - Natural Gas Production - Declining Source: Railroad Commission of Texas

  10. Canadian Gas Drilling Rig Count – Future Supply? Lowest levels witnessed in 10 years Acquire and Exploit Source: Baker Hughes

  11. Canadian Gas Production - Declining Canadian gas production is declining leaving less for exports to the US Acquire and Exploit Source: NEB

  12. Canadian Gas Export to the United States Source: Bentek

  13. LNG – Higher Prices = Supply Acquire and Exploit Source: Bentek

  14. US Natural Gas Production Model - Prediction Acquire and Exploit

  15. US Production Forecast – 959 Gas Rigs

  16. US Production Forecast – 959 Gas Rigs

  17. Total US Natural Gas Demand – Recession? Source: Bentek 2010

  18. Recession and Demand? – Industrial Demand Acquire and Exploit Source: Bentek 2010

  19. Recession and Demand? – Power Demand Power Demand continues to be strong. Acquire and Exploit Source: Bentek 2009

  20. Natural Gas Inventories – Awash in Gas ? Acquire and Exploit Source: EIA

  21. Change in Natural Gas Inventory – Supply/Demand Balance Acquire and Exploit Source: EIA

  22. Drilling Rig Efficiency – Improving? No Change in Drilling Times Acquire and Exploit

  23. Production Forecast - Assumptions Acquire and Exploit

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