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WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp

Regency Energy Partners Lp · Dec 8, 2009 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 1
    Wells Fargo 2009 Pipeline and MLP Symposium December 8, 8 2009
  2. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 2
    Regency Profile Regency Business Overview Midstream energy partnership engaged in gathering and processing, contract compression and transportation of natural gas and natural gas liquids (NGLs) Operations divided into three primary…
  3. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 3
    Midstream Overview Regencys midstream operations are primarily located in Texas, Louisiana, Oklahoma and Kansas1 Mid-Continent East Texas Plants2 1 Plants 1 Gathering System 3,470 Length (Miles) Gathering System 371 Length (Miles)…
  4. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 4
    Contract Compression Overview Core compression operations in Texas, Louisiana and Arkansas HP by Region,2 State Total HP of Units Southwest (TX) 181,178 240 Southeast (LA & TX) 117,769 143 Northwest (TX) 144,493 208 Northeast…
  5. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 5
    Strategy Regency's long-term goal is to achieve an investment grade rating Capitalize p on strategic g p position and g growth: Location Obtain Scale in Business Segments Product range across all sectors Reliability…
  6. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 6
    OBTAIN SCALE: Future Growth Shale Plays Key Shale Plays Region Description Regencys Focus Average IP rates for the fourth quarter have Gathering and Transportation averaged g 14.6 MMcfe/d,, up p 17% from the 12.5 Base project: 1.1…
  7. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 7
    BALANCED PORTFOLIO: Majority Fee-Based Portfolio Regency Management continues to focus on growing fee-based cash flows as a portion of Regencys Adjusted Segment Margin Only 3% of Adjusted Segment Margin is subject to commodity price…
  8. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 8
    ENHANCED FINANCIAL STRENGTH: Financing Our Growth f Regency equity capital raised since September 2009 is in excess of 273 million, which exceeds our previously- announced acquisition and growth capital projects Growth Projects…
  9. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 9
    RESULTS ORIENTED PHILOSOPHY: Delivering on promises f Achieved three solid quarters of performance year-to-date which positions Regency to meet previously- stated adjusted EBITDA guidance range for full-year 2009 f Implemented…
  10. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 10
    Industry Update
  11. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 11
    General Industry Trends Drilling Activity Th The third hi d quarter off 2009 saw US lland d rig i counts iincrease b by approximately i l 9% compared d with i h the h second quarter of 2009 The rig count for the areas in which…
  12. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 12
    General Industry Trends Commodity Prices Gas prices stabilized during the third quarter of 2009 WTI crude continued its rebound while NGL prices remained relatively flat during the third quarter of 2009 Gas Price Trends Crude /…
  13. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 13
    Historical Horsepower Growth vs. US Onshore Rig Count Despite a 52% decline in the US onshore gas rig count since September 2008, Regencys revenue generating horsepower has remained relatively flat over the same period Revenue…
  14. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 14
    Haynesville Joint Venture and Regency Gathering Update
  15. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 15
    RIGS Haynesville Expansion Project The base project being constructed by Regency and the Haynesville Joint Venture adds 1.1 Bcf of capacity to the existing RIGS system with 46 miles of 36 pipe, 75 miles of 42 pipe and 15,545 HP of…
  16. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 16
    RIGS Haynesville Expansion Project Construction Update 36 Pipe Construction Elm Grove Line Bienville Line Construction 100% complete 100% complete First receipt gas flowed into the completed 36 line in November 42 Pipe…
  17. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 17
    RIGS Red River Lateral R Regency is i constructing t ti the th 47 million illi R Red d Ri River LLateral, t l a pipeline i li extension t i tto iincrease capacity it on RIGS f The expansion will add approximately 100,000 MMBtu/d…
  18. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 18
    Regency Gathering - Logansport Expansion Phase I Regency is constructing the 47 million Logansport Expansion, Expansion an extension of the Nexus Gathering System in North Louisiana f Transports gas gathered by Nexus Gathering System to…
  19. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 19
    Regency Gathering - Logansport Expansion Phase II Regency is constructing the 40 million Logansport Expansion Phase II, which further increases Regencys asset base in Haynesville and provides an outlet for surrounding acreage in DeSoto…
  20. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 20
    Regency Presence in Haynesville - Summary Haynesville Expansion Project1 Projects Description Expected Completion Announced Adds 1.1 Bcf/d of capacity with 46 miles of 36 pipe, 75 miles of 42 pipe and 36 Pipeline: Complete Base…
  21. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 21
    Financial Review
  22. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 22
    Year-To-Date Performance Despite record rainfall and minimal expected 2009 EBITDA contribution from the Haynesville Expansion Project, management expects to be near the midpoint of the previously-stated 200 - 214 million adjusted…
  23. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 23
    Commodity Price Risk Management f Regency R h added has dd d a significant i ifi t amountt off 2010 and d 2011 NGL h hedges d recently tl f Regency expects to execute additional hedges to bring our 2010 hedge percentages to…
  24. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 24
    Year To Date Accomplishments Year-To-Date
  25. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 25
    Summary: 2009 Year-To-Date Regency continues to execute on our strategic objectives Obtain Scale In Business Segments Enhance Our Financial Strength Expanding presence and asset base in Haynesville Shale Raised approximately 1…
  26. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 26
    Q&A
  27. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 27
    Appendix Appendi
  28. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 28
    Contract Compression Segment Three Months Ended September 30, 2009 June 30, 2009 March 31, 2009 ( in thousands) Contract Compression Segment Financial data: Segment margin 34,085 35,800 36,980 Operating data: Revenue generating…
  29. WELLS FARGO 2009 PIPELINE AND MLP SYMPOSIUM – Regency Energy Partners Lp – slide 29
    Non-GAAP Reconciliation Low Estimate High Estimate ( in thousands) Forecasted net income 158,389 172,389 Add ((Deduct):) Gain on asset sales (133,389) (133,389) Gain from risk management activities (11,000) (11,000) Depreciation…

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