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Economic Impact

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Economic Impact

Caricato da

Corey Paul

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Beauchamp's presentation

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Attribution Non-Commercial (BY-NC)
Scarica in formato PDF, TXT o leggi online su Scribd
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ECONOMIC IMPACT

OF THE

PERMIAN BASIN

ECONOMIC IMPACT OF THE PERMIAN BASIN

Investment

Versus

Consumption

Investment Versus Consumption

Natural Gas Production Comparison in Texas

Natural Gas Production Comparison in Texas
Natural Gas Production Comparison in Texas

Crude Oil Production Comparison in Texas

Crude Oil Production Comparison in Texas
Crude Oil Production Comparison in Texas

Drilling Permits Issued Comparison in Texas

10000 9000 8000 7000 6000 Barnett Shale 5000 Eagle Ford Shale Permian Basin 4000 3000
10000
9000
8000
7000
6000
Barnett Shale
5000
Eagle Ford Shale
Permian Basin
4000
3000
2000
1000
0
2005
2006
2007
2008
2009
2010
2011
Shale 5000 Eagle Ford Shale Permian Basin 4000 3000 2000 1000 0 2005 2006 2007 2008

Undiscovered Oil & Gas Resources

Undiscovered Oil & Gas Resources
Undiscovered Oil & Gas Resources

Permian Basin Region 58 or 59 Counties in Texas 1,226,432 Population

(2010 US Census) 1,258,988 (July 2012 Estimate)
(2010 US Census)
1,258,988
(July 2012 Estimate)

IN 2011

• $56.2 Billion in Gross Sales

• $18.47 Billion in Sales subject to Sales Tax

• $1,152,969,642.38 in Sales Tax for the State

• $1,304,798,532 in Severance Tax for the State

• $954, 493,272 for Permanent University Fund

• $316,619, 223 for the Permanent School Fund

$3.7 Billion in Revenue for the State of Texas

• Sales and Severance Taxes

• Permanent University and School Funds

Severance Taxes • Permanent University and School Funds Local Ad Valorem $142.6 billion worth of market

Local Ad Valorem $142.6 billion worth of market value ad valorem property $115 billion in taxable ad valorem property $464 million in county revenue from ad valorem revenues.

ad valorem property $115 billion in taxable ad valorem property $464 million in county revenue from
From 2011 to 2012 SEVERANCE TAXES · Annual Severance Taxes generated in the Permian Basin

From 2011 to 2012

SEVERANCE TAXES

· Annual Severance Taxes generated in the Permian Basin increased over $200 million

· The Permian Basin generated 42% of all Severance Taxes generated in Texas for those 2 years

2011

$1,304,798,532

2012

$1,515,444,799
42% of all Severance Taxes generated in Texas for those 2 years 2011 $1,304,798,532 2012 $1,515,444,799

ECONOMIC GROWTH-GROSS SALES

Permian Basin

$60,000,000,000 $50,000,000,000 $40,000,000,000 $30,000,000,000 $20,000,000,000 $10,000,000,000 $0 02 Gross Sales
$60,000,000,000
$50,000,000,000
$40,000,000,000
$30,000,000,000
$20,000,000,000
$10,000,000,000
$0
02 Gross Sales
06 Gross Sales
11 Gross Sales
02 Gross Sales
06 Gross Sales
11 Gross Sales
Permian Basin
$27,873,223,914
$44,837,276,687
$56,201,924,516
Sales 06 Gross Sales 11 Gross Sales Permian Basin $27,873,223,914 $44,837,276,687 $56,201,924,516 Permian Basin

Permian Basin

STATE SALES AND USE TAXES

Permian Basin

$20,000,000,000 $18,000,000,000 $16,000,000,000 $14,000,000,000 $12,000,000,000 $10,000,000,000 $8,000,000,000
$20,000,000,000
$18,000,000,000
$16,000,000,000
$14,000,000,000
$12,000,000,000
$10,000,000,000
$8,000,000,000
$6,000,000,000
$4,000,000,000
$2,000,000,000
$0
02 Taxable
06 Taxable
11 Taxable
02 Taxable
06 Taxable
11 Taxable
Permian Basin
$8,828,568,735
$13,478,262,017
$18,447,514,278
Basin $8,828,568,735 $13,478,262,017 $18,447,514,278 Permian Basin Sales Taxes Paid to the State (6.25%)
Basin $8,828,568,735 $13,478,262,017 $18,447,514,278 Permian Basin Sales Taxes Paid to the State (6.25%)

Permian Basin

Sales Taxes Paid to the State (6.25%) increased over $300 million annually over the last 5 years

AD VALOREM VALUES 160,000,000,000 140,000,000,000 120,000,000,000 100,000,000,000 80,000,000,000 Market Value
AD VALOREM VALUES
160,000,000,000
140,000,000,000
120,000,000,000
100,000,000,000
80,000,000,000
Market Value
Taxable Value
60,000,000,000
40,000,000,000
20,000,000,000
0
2003
2007
2011
2003
2007
2011
Market Value
65,328,988,933
109,561,755,586
142,687,586,546
Taxable Value
54,547,038,735
91,062,883,571
115,072,822,884

AD VALOREM VALUES

County Ad Valorem Levy

500,000,000 450,000,000 400,000,000 350,000,000 300,000,000 250,000,000 200,000,000 150,000,000 100,000,000
500,000,000
450,000,000
400,000,000
350,000,000
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
2003
2007
2011
2003
2007
2011
County Ad Valorem Levy
264,637,210
368,270,627
464,108,998
2003 2007 2011 2003 2007 2011 County Ad Valorem Levy 264,637,210 368,270,627 464,108,998 County Ad Valorem

County Ad Valorem Levy

4.00%

3.50%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

POPULATION

% Increase

2.50% 2.00% 1.50% 1.00% 0.50% 0.00% POPULATION % Increase Permian Basin State of Texas % Increase

Permian Basin

State of Texas

% Increase

% Increase Permian Basin State of Texas % Increase PERMIAN BASIN 2.65% STATE OF TEXAS 3.6%

PERMIAN BASIN

2.65%

STATE OF TEXAS

3.6%

ECTOR/MIDLAND CO.

16%

 

2010 Census

2012 Estimate

Permian Basin

1,226,432

1,258,988

State of Texas

25,145,561

26,059,203
2010 Census 2012 Estimate Permian Basin 1,226,432 1,258,988 State of Texas 25,145,561 26,059,203

USGS Assessment of Undiscovered Oil & Gas Resources

60000

50000

40000

30000

20000

10000

0

Gas (BCFG)

Resources 60000 50000 40000 30000 20000 10000 0 Gas (BCFG) Barnett Eagle Ford Permian Shale Shale

Barnett

Eagle Ford

Permian

Shale

Shale

Basin

NGL (MMBNGL)

2500

2000

1500

1000

500

0

Shale Basin NGL (MMBNGL) 2500 2000 1500 1000 500 0 Barnett Eagle Ford Permian Shale Shale

Barnett

Eagle Ford

Permian

Shale

Shale

Basin

Barnett Eagle Ford Permian Shale Shale Basin Barnett Shale Eagle Ford Shale Permian Basin 1400 1200

Barnett Shale

Eagle Ford ShaleFord Permian Shale Shale Basin Barnett Shale Permian Basin 1400 1200 1000 800 600 400 200

Permian BasinShale Shale Basin Barnett Shale Eagle Ford Shale 1400 1200 1000 800 600 400 200 0

1400

1200

1000

800

600

400

200

0

Barnett ShaleFord Shale Permian Basin 1400 1200 1000 800 600 400 200 0 Eagle Ford Shale Permian

Eagle Ford ShalePermian Basin 1400 1200 1000 800 600 400 200 0 Barnett Shale Permian Basin Oil (MMBO)

Permian Basin

600 400 200 0 Barnett Shale Eagle Ford Shale Permian Basin Oil (MMBO) Barnett Shale Eagle

Oil (MMBO)

0 Barnett Shale Eagle Ford Shale Permian Basin Oil (MMBO) Barnett Shale Eagle Ford Shale Permian

Barnett Shale

Eagle Ford Shale

Permian Basin

Barnett ShaleEagle Ford Shale Permian Basin Oil (MMBO) Barnett Shale Eagle Ford Shale Permian Basin Eagle Ford

Eagle Ford ShaleShale Eagle Ford Shale Permian Basin Oil (MMBO) Barnett Shale Eagle Ford Shale Permian Basin Barnett

Permian BasinEagle Ford Shale Permian Basin Oil (MMBO) Barnett Shale Eagle Ford Shale Permian Basin Barnett Shale

Shale Permian Basin Oil (MMBO) Barnett Shale Eagle Ford Shale Permian Basin Barnett Shale Eagle Ford
$3.7 Billion to be Spent from Rainy Day Fund Permian Basin Share 2.82 Billion

$3.7 Billion to be Spent from Rainy Day Fund

Permian Basin Share 2.82 Billion

$3.7 Billion to be Spent from Rainy Day Fund Permian Basin Share 2.82 Billion
James Beauchamp (432) 563-6240 James@motran.org
James Beauchamp (432) 563-6240 James@motran.org

James Beauchamp

(432) 563-6240

James@motran.org

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