KS Dept of Revenue Property Valuation Division Director’s Update November 14, 2011 Topeka, KS

KS Dept of RevenueKS Dept of RevenueProperty Valuation DivisionProperty Valuation Division

Director’s UpdateDirector’s UpdateNovember 14, 2011November 14, 2011

Topeka, KSTopeka, KS

Lynn KentLynn KentOil & Gas Section Mgr.Oil & Gas Section Mgr.

Property Valuation Property Valuation DivisionDivision

Counties with Oil & Gas Counties with Oil & Gas ProductionProduction

Statewide Oil ProductionStatewide Oil Production

Statewide Gas ProductionStatewide Gas Production

Statewide Well Counts Statewide Well Counts 20112011

58,683

24,754

5,738 4,949 4,503

0

10,000

20,000

30,000

40,000

50,000

60,000

Nu

mb

er W

ells

Total Prod Oil Total Prod Gas Total Prod CBM Total SWD or INJ Total EOR

Well Type

Horizontal Wells in Horizontal Wells in KansasKansas

Horizontal Wells 2008 – Horizontal Wells 2008 – 20112011(10-31-11)

13

8 86

23

10

46

2

0

5

10

15

20

25

30

35

40

45

50

Nu

mb

er

Wells

2008 2009 2010 2011

Year

Permitted Drilled

Mississippian Mississippian FormationFormation

Horizontal Horizontal DrillingDrilling

The Near The Near Future…Future…

-Decline-Decline

-Lease expenses-Lease expenses

-Equipment-Equipment

-Future rig and lease tours-Future rig and lease tours

PVD to provide “hands on” assistance for 2012PVD to provide “hands on” assistance for 2012

The EndThe End