Utica Summit 2014
Jim Umpleby, Group President October 23, 2013 Canton, Ohio
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Source: Wall Street Journal, October 3, 2013
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“This is a remarkable turn of events …. that
you wouldn’t in a million years have dreamed about.” Adam Sieminski US Energy Information Administration
Source: Wall Street Journal, October 3, 2013
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Global Growth Drivers Industry Commodities Energy Infrastructure Transportation
Economic Low Inflation Low Interest Rates Past Under-Investment
Source: U.S. Census Bureau International Database
Societal Urbanization Growing Middle Class
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Horizontal Drilling Technology Changes the Game
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World Energy Demand
Million tons oil equivalent
20.000
28% 12/2/13
12/2/13 23% 12/2/13
12/2/13
12/2/13
12/2/13
22%
Nuclear bles Renewa
27%
12/2/13
110% increase in natural gas demand 2000-2040
23% 12/2/13
2010
2020
Source: EIA – International Annual Energy Outlook, July 25, 2013
2030
2040
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U.S. New Electricity Generation
GigaWatts
U.S. Electricity Generation Capacity Additions By Fuel Type 12/2/13
Natural Gas Renewables/Other Nuclear
12/2/13
Coal
12/2/13
12/2/13
12/2/13
12/2/13
12/2/13
Source: EIA – Annual Energy Outlook 2013
12/2/13
12/2/13
12/2/13 7
Natural Gas by Region
Source: EIA – Annual Energy Outlook 2013
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USA Gas vs. Oil Price (Energy Equivalence)
2013
Source: EIA – Annual Energy Outlook 2013
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Increased access to domestic oil and natural gas could create
> 1 million
new U.S. jobs by 2030
Source: McKinsey & Company, “Game Changers: Five opportunities for US growth and renewal
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Williston, ND: Fastest Growing City under 50,000 NORTH DAKOTA
Source: Williston, ND Economic Development Office 12
Caterpillar Energy & Power Systems
Industrial Power Systems
Marine & Petroleum
Solar Turbines
E&PS Financials 2012 Full Year
Sales/Transfers: $23.5B
Electric Power
Large Power Systems Rail
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Caterpillar & Natural Gas
Consumption
Turbine Power Gen
Electric Power Drilling
Fracturing
Production
Transmission Mining
Marine
Rail
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Cat Innovation
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Power Range
7.5 HP
30,000 HP 16
Cat Customer: Interlake
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Cat Customer: Kimble Manufacturing
Hydraulic Fracturing trailer
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Thank you