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Natural gas. A better energy future for Michigan.
Michigan Oil & Gas Producers Education Foundation 1
Overview Why natural gas Job and economic impact for Michigan Hydraulic fracturing Discussion
2
Why Natural Gas?
Abundant, Clean and Affordable
Michigan’s Own
Jobs and Economic Recovery
Electricity Generation
Jobs and Economic Recovery
3
How We Use Natural Gas
4
Did you know…80% of Michigan
homeowners use natural gas to
heat their homes
Michigan Jobs
$2.6 BILLION
Total Labor Income
$5.7 BILLION
Value-Added Economic Output
5
Natural Gas and Oil Production
Employment in Michigan
Source: MOGA, ANGA, API
Energizing Michigan’s economy
$100 million+ in 2012 in state royalty, fee, and tax revenues
More than $150 million in income to 8,000 private Michigan landowners annually
$1.25 billion to state lands, parks, outdoor recreation since1927
$1.8 billion annual MI labor impact $3 billion overall to Michigan’s economy
6
Source: MOGA, API (Pricewaterhousecoopers, 2011)
Hydraulic fracturing
What it is.What it is not.
7
8
Michigan’s approach Proven
Nearly 60 years of experience 12,000 wells in Michigan
Safe Water resources protected No incidences of harm
Regulated State and federal compliance Role model
9
What is shale gas? Locked in deep, dense rock formations
called shale
Vital to our energy needs, self reliance, maintaining affordability
Marcellus, Antrim, Collingwood, Utica, Bakken
10
11
Main area of shale gas production
Typical Vertical
Well
12
Fracturing at Work
13
Groundwater Protection
14
Horizontal Drilling:A Better Way for Deep Shale Gas Development Smaller surface impact
Fewer wells, more clean energy
Less waste
Fewer air emissions
Necessary to produce the energy we need, affordably, responsibly, safely
15
Typical Horizonta
l Well
16
Water Use
Michigan vertical well: approx. 50,000 gallons
Restaurant aquarium
Michigan horizontal well: up to 5 million gallons
Irrigating 8 acres of corn in season
17
Industry and Regulatory Oversight MI DEQ Supervisor or Wells Instruction 1-2011
US EPA
Model Regulatory Framework
Groundwater Protection Council
Interstate Oil and Gas Compact Commission
18
Michigan Disclosure Requirements Regular and ongoing monitoring, reporting
Disclosure and record-keeping on larger-volume hydraulic fracturing activities DEQ website, frack job site, local emergency
responders Includes chemicals
Michigan DEQ on site for well construction, fracturing, waste fluid disposal
For national regulations, visit www.FracFocus.org
19
Thank you!