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Petroleum Industry Overview

Petroleum Industry Overview. Estimated U.S. Energy Consumption By Fuel Group - 2003. Consumption (Quadrillion BTU). Petroleum …………. 39.0 Natural Gas ………. 23.0 Coal .…………………. 22.7 Nuclear ……………… 8.0

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Petroleum Industry Overview

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  1. Petroleum Industry Overview

  2. Estimated U.S. Energy Consumption By Fuel Group - 2003 Consumption (Quadrillion BTU) • Petroleum …………. 39.0 • Natural Gas ………. 23.0 • Coal .…………………. 22.7 • Nuclear……………… 8.0 • Renewable ………... 6.1 • Total …………….. 98.8 Source: Energy Information Administration

  3. U.S. Petroleum Demand(Millions of barrels per day) Source: Energy Information Administration

  4. U.S. Net Reliance on Oil Imports (Net imports as a % of total U.S. petroleum supply) Source: Energy Information Administration

  5. Estimated Petroleum Consumption by End Use - 1997 Other nonfuel uses 4% Petrochemicals 11% Other 4% Heating & electrical generation 7% Industrial fuel 8% Personal vehicle travel 34% Water transport 3% Air transport 8% Other land transport 21% Source: American Petroleum Institute

  6. U.S. Gasoline Consumption (Billions of gallons) Source: Federal Highway Administration

  7. Everyday Products Made from Chemicals Derived from Petroleum panty hose perfume antihistamines crayons deodorants glue lipstick umbrellas food preservatives golf balls balloons dentures dyes fertilizer candles aspirin insecticides house paint ink antiseptics bandages photographs roofing shingles nylon rope shampoo toothpaste

  8. Petroleum Industry • Industry segments • “Upstream” • “Downstream”

  9. Petroleum Industry • “Upstream” • Exploration • Production

  10. Petroleum Industry • “Downstream” • Refining • Transportation • Marketing

  11. Crude Oil Refining Capacity, U.S. Number of Refineries Source: Energy Information Administration

  12. Crude Oil Refining Capacity, U.S. Refining Capacity Number of Refineries * Crude oil distillation capacity (millions of barrels/day) Source: Energy Information Administration

  13. By Industry Sector By Media Total U.S. Petroleum Industry Environmental Expenditures1994-2003: $88 billion Source: American Petroleum Institute

  14. NATURAL GASOLINE Hypothetical Refinery LIGHT NAPHTHA NAPHTHA HYDRO-TREATER ISOMERATE ISOMERIZATION UNIT CRUDE UNIT HEAVY NAPHTHA NAPHTHA HYDRO-TREATER REFORMATE CATALYTIC REFORMER BENZENE, TUOLENE, XYLENE PETROCHEMICAL PLANT KEROSENE JET FUEL CRUDE OIL DISTILLATE HYDRO-TREATER DISTILLATE DIESEL FUEL #1 FUEL OIL GAS/OIL REFORMATE CATALYTIC REFORMER HYDROCRACKER FUEL GAS LIGHT CYCLE OIL, DISTILLATE VACUUM GAS/OIL ALKYLATE ALKYLATION UNIT CAT CRACKER MTBE UNIT “RESID” OIL MTBE VACUUM DISTILLATION UNIT FCC GASOLINE GAS/OIL LIGHT CYCLE OIL VACUUM “RESID” COKE COKERS GAS/OIL #6 FUEL OIL ROSE UNIT ASPHALT NOTE: GASOLINE COMPONENT

  15. Average Yield from a Barrel of Crude Oil Gallons • Gasoline …………………………... 19.7 • Distillate Fuel Oil ……………… 9.7 • Jet Fuel ……………………………. 4.3 • Residual Fuel Oil ……………… 1.9 • Asphalt & Road Oil …………... 1.4 • Petrochemical Feedstocks… 1.1 • Lubricants ………………………... 0.5 • Kerosene ………………………….. 0.2 • Other ………………………………... 6.1 • Total ……………………………. 44.6 1 Barrel = 42 Gallons Note: Based on average yields for U.S. refineries in 2000. Of the total, 2.6 gallons represent “processing gain.” Source: American Petroleum Institute

  16. Pipeline Marine Barge Tanker Rail Truck Transportation

  17. Petroleum Products Carriedin Domestic Transportation - 2003 Ton-Miles (In Billions) • Pipelines ………… 305.7 • Water Carriers … 146.0 • Motor Carriers … 31.9 • Railroads ………… 19.3 • Total …………….. 502.9 Source: Association of Oil Pipe Lines

  18. Pipelines • Proprietary • Common carrier

  19. Pipelines • Proprietary • Common carrier • Gas • Liquids • Crude • Products

  20. Colonial Pipeline Company

  21. Product Terminals • Classifications of bulk petroleum terminals: • Transshipment • Truck loading

  22. Product Terminals • To be a registered bulk petroleum terminal with the IRS, a facility must … • Minimum 50,000 bbls. of storage capacity • Be able to receive by: • Pipeline, • Barge, or • Rail • Be able to load trucks (loading “rack”)

  23. Refiners Importers Brokers & traders Wholesalers Jobbers Distributors Retailers Petroleum Marketers

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