LOGA Industry Report - Fall 2008 - (Page 44)

RIG COUNT 2008 North Louisiana – Land South Louisiana – Inland Water South Louisiana – Land South Louisiana – Offshore Total Louisiana Total United States June 6 58 24 25 53 160 1866 June 13 57 23 25 57 162 1901 June 20 67 21 26 58 172 1906 June 27 76 20 30 52 178 1913 June Average 65 22 27 55 168 1902 Jan 2007 53 19 46 68 185 1714 PETROLEUM FACTS AT A GLANCE U.S. petroleum imports (crude & products) in June 2008: 13,399,000 barrels per day (June 2007: 13,501,000 b/d). [API] Total imports in June 2008 as a percentage of total domestic petroleum deliveries: 65.5 percent (June 2007: 65.1 percent). [API] Persian Gulf petroleum imports in April 2008 as a percentage of total imports: 20.2 percent (April 2007: 17.4 percent). [DOE] Average price for a barrel of OPEC crude oil for the week ending July 4, 2008: $137.18. [DOE] Average U.S. reﬁner acquisition cost in May 2008 for a barrel of crude oil: $118.14. [DOE] U.S. crude oil production in June 2008: 5,128,000 b/d (of which 680,000 b/d was Alaskan) (June 2007: 5,138,000 b/d). U.S. natural gas liquids production in June 2008: 1,849,000 b/d (June 2007: 1,775,000 b/d). [API] U.S. marketed natural gas production in April 2008: 58.5 billion cubic feet per day (April 2007: 54.5 billion cf/d). [DOE] U.S. deliveries from primary storage of motor gasoline in June 2008: 9,203,000 b/d (June 2007: 9,510,000). [API] U.S. deliveries from primary storage of distillate fuel oil (home heating and diesel) in June 2008: 4,269,000 b/d (June 2007: 4,130,000 b/d). [API] Total petroleum products delivered to the domestic market in June 2008: 20,446,000 b/d (June 2007: 20,737,000 b/d). [API] Average active rotary drilling rigs in the U.S. as of July 11, 2008: 1,922 (all-time high of 4,530 announced 12/28/81; record low of 488 announced 4/23/99). (2007 average: 1,768) [Baker Hughes Inc., Houston] JOHN CHANCE L A N D S U RV E Y S , I N C . Our Mission: "To conduct a proﬁtable exploration program with integrity utilizing technical rigor, ﬁnancial and environmental prudence." Contact Us: Guy Ellison, Jr., Managing Member energyguy@kittyhawkenergy.com Dan Bloomer, Exploration Manager dbloomer@kittyhawkenergy.com Greg Ellison, Engineer/Manager greg@kittyhawkenergy.com Well Location Surveys Base Maps State Lease Nominations Unitization Pipeline Surveys Regulatory Permitting & Ecological Services Hazard Surveys Acoustic Imaging Services 200 Dulles Drive, Lafayette, LA 70506 (337) 237-1300 www.jclsurvey.com P.O. Box 52026, Lafayette, LA 70505 Ph: 337.232.7572 Fax: 337.233.3743 877.237.HAWK www.kittyhawkenergy.com William Dunbar, PLS Land Division Russell Walters Finding Vice President of Regulatory/Ecological Services Brad Segura Acoustic Imaging 392697_KittyHawk.indd INDUSTRY REPORT | FALL 2008 | LOGA 1 44 7/24/08 8:51:06 AM http://www.jclsurvey.com http://www.kittyhawkenergy.com

Table of Contents Feed for the Digital Edition of LOGA Industry Report - Fall 2008

LOGA Industry Report - Fall 2008 Contents Chairman's Corner President's Perspective Commissioner's Comments From the Pipeline... Supreme Court Upholds Act 312 LOGA Challenges Commission's Ad Valorem Tax Rules The Haynesville Shale - Waiting for the Gas to Come In 2008 Legislative Recap Gulf Coast Prospect Expo 2008 2nd Annual LAGCOE Open Golf Tournament Conservationist by Trade Katrina Relief Fund Update DNR Intent Natural Gas Production Surges: A Free Market At Work IPAA Washington Report Legal Updates New Members Index to Advertisers

LOGA Industry Report - Fall 2008

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