Michigan’s Oil and Gas Industry Statistics

2007 Summary

Production from Counties – 64 of 68 Lower Peninsula Counties, none of the 15 Upper

Peninsula Counties (2007 data)

Michigan Mineral Rights Ownership – State – 5,900,000 acres; Private – 29,000,000

acres; Other – 1,400,000 acres of the total state acreage of 36.500,000 acres (not including 25,000,000 acres of Great Lakes bottomland) (2002 data)

Acreage Leased for Oil and Gas – State – 641,656 acres (5,651 leases); Private and

Average Drilling Rigs Active – 9.7 rigs per week (1/1/07 to 6/1/07)

Cumulative Historic Production – Oil – 1,258,641,000 barrels; Gas – 7,063,692,000

MCF (through Dec., 2006)

2006 Annual Production – Oil – 5,694,934 barrels; Gas – 174,432,506 MCF (through

Dec., 2006)

2006 Drilling Activity – Rigs in Field – 9.5 (average per week); Oil well discoveries –

13; Gas well discoveries – 428; Dry holes – 81; Facility wells – 34

Total wells drilled (since 1925) – Oil – 14,794; Gas – 13,081; Dry holes – 21,173;

Facility – 3,039 (2006 data)

Michigan’s Rank among 33 Oil and Gas States –

Population – 10.1 million; Rank – 8^th(2006)

Gross Domestic Product - $381 Billion; Rank – 9^th(2006)

Market value of Agricultural products - $3.8 Billion; Rank – 22^nd (2002)

Oil Production – 5,350,000 barrels; Rank – 18^th (2006)

Gas Production – 257,404,000 MCF; Rank – 12^th (2005)

Estimated Oil and Gas Value – Oil - $345,892,066 (2006 data @$60.73/barrel); Gas –

$1,306,815,891 (2006 data @$7.49/MCF)

Michigan State Taxes and Fees – Severance Tax - $78,238,469; Fees - $7,268,425

(2006 data)

Gas – 914,107,000 MCF; 4.1% of U.S. total (2005)

Consumption vs. Production – Oil – Michigan produces about 2.7% of Oil consumed Gas – Michigan produces about 28.2% of Gas consumed

MCF = thousand cubic feet of natural gas, a standard unit of measure.

A Barrel of Oil = 42 U.S. Gallons

The above information was compiled from published records of :

1. Michigan Office of Geological Survey Annual Oil and Gas Statistical Summary 1934-1986.

2. Michigan Online Oil and Gas Information System http://ww2.deq.state.mi.us/mir/

3. Michigan State Energy Profile from U.S. Energy Information Administration http://tonto.eia.doe.gov/state/state_energy_profiles.cfm?sid=MI

5. Michigan Geological Repository for Research and Education, Department of Geosciences, Western Michigan University web site http://www.wmich.edu/geology/corelab/Michigan_oil_gas_facts.htm

Prepared by

Dr. William B. Harrison, III

Director, Michigan Basin Core Research Laboratory

part of the Michigan Geological Repository for Research and Education

Department of Geosciences

Western Michigan University

Kalamazoo, MI 49008

Office Phone – 269-387-8691

Lab Phone 269-387-8633

Cell Phone 269-330-0778