Rick Wilson APPEA CSG Powerpoint Presentation

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Energy Forum
Armidale:
Natural gas
from coal
Rick Wilkinson
17 Aug 2012
Australia: abundant gas reserves
CSG is the fastest growing source of energy in Eastern Australia
New South Wales CSG
2,872 PJ
Conventional Gas
7,375PJ
Australian CSG Production
1996 to 2011
250
200
Queensland CSG
39,453 PJ
PJ pa
150
100
50
0
1996 1998 2000 2002 2004 2006 2008 2010
Qld
East Australia 2P reserves = 49,655 PJ
Source: EnergyQuest, February 2012
NSW
Global Perspective: Gas reserves and prices
Unconventional gas has had a major impact on the US gas industry
3
Key 2011 CSG statistics by state
NSW
Queensland
Number of CSG wells
249
3,261
Water produced in 2011 (GL)
0.2
15.8
Water monitoring bores
60
626
Signed land access
agreements
112
2,459
Formal disputes of access
agreements
0
0
Employees
(Direct and Contracted)
249
11,864
Community engagement
events
177
366
Community contributions
$305,000
$52,781,000
Source: APPEA member companies
4
More than just finding resources…
Communities
Government
•
•
•
•
Economic growth
Risk management
Regulation
Mandate
and re-election
Shareholders
•
•
•
•
Value capture
Risk management
Capital allocation
Superannuation
CSG Industry
• Change management
• Prosperity and sustainability
• Improved infrastructure
Landholders
• Overlapping interests
• Water security
• Value capture
Activists
• Stop fossil fuels
• Occupy Wall Street
• Increase funding
CSG and the land
CSG
Then
Lauren field in the Surat Basin was developed the way it was, during the drought years, in a
manner that fitted both the landholder and the CSG company at the time.
CSG
Now
The Berwyndale field in the Surat Basin has been developed more recently, and
demonstrates how CSG proponents work closely with landholders to optimise the layout of
infrastructure to minimise the impact on their farm productivity.
Core hole site and rehabilitation
Well site at Brawboy, Gunnedah Basin, NSW
A Case Study: Wells and Agriculture
Area
(‘000 sq Km)
Gross Farm Product*
Petroleum Wells
($Bn)
Qld
NSW
Texas
1,731
802
696
9.1
8.3
9.7
7,000
249
218,556
*Source: ABS 1367.0 State and Terr Stat Indicators for 2009/10; 2009 Texas Agriculture Statistics, USDA
Water Utilisation: The Great Artesian Basin
GAB Total Storage:
64,900,000 GL
Water Volume (Gigalitres pa)
881
616
91
2011 Actual = 16 GL
Source: GAB Coordinating Committee (2010) http://www.gabcc.org.au ; CSG industry 30 yr ave
Beneficial use of produced water
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