Insight

US Lower 48 West Coast year in review

30 January 2013

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30 January 2013

US Lower 48 West Coast year in review

Report summary

West Coast development remained focused on the San Joaquin Basin, with growing attention paid to exploration in the underlying Kreyenhagen Shale and other surrounding formations. Vast resource potential estimates and key commercial advantages incentivised unconventional development, but regulatory inefficiencies and geological obstacles meant that drilling levels in California continued to lag behind other Lower 48 regions throughout 2012. A number of legislative proposals made in 2012 hold,

Executive Summary
San Joaquin Basin dominance
- Multiple plays received attention in 2012
- but the Kreyenhagen Shale takes the spotlight
- Urban Seismic in the Los Angeles Basin
Environmental legislation
- Cap and trade
- Low Carbon Fuel Standard (LCFS)
What to watch for in 2013

Tables and charts

This report includes 7 images and tables including:

Monterey shale production with WTI and Bellevue crude prices
Economic advantages of Monterey Shale compared to other tight oil plays
Stacked formations in the San Joaquin Basin

Kreyenhagen Shale development
Oil and gas industry participants in November 2012 allowance auction
Estimated cost of allowances (US$MM) for top five California oil and gas producers based on emissions