Maguire Energy Institute Bruce Bullock Maguire Energy Institute 1.

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Maguire Energy Institute

Bruce BullockMaguire Energy Institute

Institute History

• 30 year-old think tank• Part of the SMU Cox School of Business, one

of the top U.S. Business schools• 30 member Board of Directors• 3 full-time staff

– Bruce Bullock, Director– Dr. Bud Weinstein, Associate Director– Marsha Faram, Program Manager

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Areas of Focus

StudentAcademic & Enrichment

Programs• Energy Clubs

• Campus Events• MBA Energy Finance

• BBA Energy Concentration

PolicymakersInfluencers

Policy and Research• Studies• Articles

• Partnerships

Public• Pitts Lecture Series

• Pitts Energy Leadership Award• Other Events

Funded Research Includes

• American Wind Energy Association• American Petroleum Institute• Consumer Energy Alliance• Shallow Water Drillers Association• Broome County, New York• Portland Cement Association• Gulf Economic Survival Team

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Alberta covers 661,190 km2 ,an area slightly less than Texas

Ottawa 2,847km

Vancouver 817 km

New York City

3,270 km

Mexico City 3,973 km

Anchorage 2,277 km

AlbertaAlberta

Houston3,018 km

Alberta’s Location

London6,793 km

Saudi Arabia

Venezuela

Alberta/Canada

Iran

Iraq

Kuwait

Abu Dhabi

Russia

Libya

Nigeria

Kazakhstan

Qatar

China

USA

Brazil

Mexico

260

211

175

137

115

101.5

92

60

46

37

30

25

20

19

13

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World oil reserves (billions of barrels - established)

SOURCE: Oil & Gas Journal, January 2011

Only 21% of the world’s proven oil reserves are accessible to

private sector investment (not state controlled). 53% of the

world’s open and accessible reserve are in Alberta’s oil

sands.

Alberta (171)

Economic HighlightsExports

Total: US$75.6 Billion

Crude Oil; $37.7

Natural Gas and Gas Liquids; $13.6

Other Energy; $2.6

Petrochemicals, $6 Agriculture; $6.5

Forestry; $2.2

Manufacturing; $4.1

Metals and Metal Manufacturing; $1.8

Other; $1.6

Alberta's Global Exports in 2010 (US$ Billions)

Key Export Markets

United States87%

China27%

Japan14%

Other Asia20%

European Union

11%Mexico

7%Other

7%Other incl. Other Europe, Middle East,

Africa15%

Distribution of Alberta's Export Destination by Region in 2010

Asia Pacific61%

Latin America14%

What are the oil sands?• Naturally occurring

mixture of sand, clay, water and bitumen –a very heavy oil

• Bitumen is separated from the sand and upgraded to refinery-ready crude oil

Oil sands: In situ and Mining

Mining

• 80% of resource• 45% of production

• 20% of resource• 55% of production

Steam Assisted Gravity Drainage

Cyclic Steam Process

In situ