Welcome to EnerComs The Oil & Gas Conference 17 August 12 16, 2012 Denver, Colorado www.oilandgas360.com
2 12 Months Ago Macro and Micro Lets quickly review the previous 12 months. During TOGC16, companies put forth their ideas about increasing production to meet an expanding global markets need for energy. We offered the idea Think…
3 www.enercominc.com www.oilandgas360.com
4 U.S. Unemployment (Jan-48 to Jul-12) The unemployment rate in July 2012 was 8.3%, up 0.1% from the June figure and 0.8% lower year-over-year. The number of unemployed persons was unchanged in June for a total of 12.7 million.…
5 GDP In the first estimate of GDP for Q212, the pace of U.S. economic growth was estimated at 1.5%, a decrease from the 2.0% final estimate for Q112 and lower than the 3% rate the economy grew at in Q411. Real GDP Growth…
6 U.S. GDP and Public Debt, (Q108 to Q212) Public debt grew 14.2% from Q211 to Q212, as compared to 12.8% from Q210 to Q211. 18,000 100.0% 16,000 15,321 90.0% 15,004 15,596 14,736 15,478 14,414 15,163 14,416 14,815 14,134…
7 Micro www.enercominc.com www.oilandgas360.com
Oil Price / Natural Gas Price 0.0 X 20.0 X 30.0 X 40.0 X 50.0 X 60.0 X 10.0 X 12/31/1983 www.enercominc.com 12/31/1984 12/31/1985 12/31/1986 Source: Bloomberg, EIA, EnerCom. 12/31/1987 12/31/1988…
9 Natural Gas Production by Play Barnett Production 6,000 Barnett Production per Day (MMcfe/d) Natural gas production 5,000 in key shale plays across 4,000 the U.S. continues to increase despite the MMCfe/d…
10 Historical Henry Hub Natural Gas Prices 14.00 12.00 10.00 2002 8.00 2003 /MMBtu 2004 2005 6.00 2006 2007 2008 4.00 2009 2010 2011 2.00 -31% 2012 0.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec…
11 Working Natural Gas Storage 5,000 NG1 is down 25.5% Y-O-Y Max Capacity (exclusive of base gas) as of 5/31/12: 4,473 Bcf 4,500 4,000 Working Natural Gas Storage on November 18, 2011: 3,852 Bcf 3,500 Billion Cubic Feet…
12 Japan LNG Imports Japans CAGR from 2007 to 2011 was 3.2%, up from the 2.4% CAGR from 2006 to 2010. Monthly LNG Imports (Japan) Japan imported 7.0 million tons of LNG in May 8 2012, a 2.2% increase from 6.9 million tons in…
13 EU vs. Domestic Natural Gas Pricing 7/31/09 to 7/31/12 Henry Hub (Spot) NYMEX Near-month UK NBP Near-month AECO Alberta Hub (Spot) 12 10 8 8.32 / Mcfe 6 4 3.21 3.20 2.59 2 0 11/30/2009…
16 Four Years Ago WTI crude oil prices hit 145/barrel 07/03/08 Natural gas prices hit 13.577/MMBtu 07/03/08 We were witnessing a financial train wreck, but didnt know it. DJIA high was 13,058 05/02/08 Unemployment 4.8% Feb; 7.8%…
17 Original U.S. Energy Policy, circa 1910 The part of our Government should take planning to meet our future needs is to give moral support to every effort of American business to expand its circle of activity in oil production,…
18 Funding a Capital Intensive Industry 2012 year-to-date debt offerings increased 6% from June 30, 2012 and accounted for 79% of total offerings. U.S. and Canadian Offerings 2008 2009 2010 2011 YTD-2012 Initial Public…
19 Original U.S. Energy Policy, circa 1910 Petroleums rank among the minerals is won not by its attractive appearance, but by sheer usefulness. Few of us fully appreciate how essential this mineral oil is in the world economy or…
20 1986 1998 (13 Years) GDP vs. Oil Price U.S. GDP NYMEX Crude Oil Near-month Future 250 R2 Correlation: -1% 200 150 Indexed Price 100 50 0 Source: Bloomberg. www.enercominc.com www.oilandgas360.com
21 2000 2012 (13 Years) GDP vs. Oil Price U.S. GDP NYMEX Crude Oil Near-month Future 600 500 400 R2 Correlation: 90% Indexed Price 300 200 100 0 Source: Bloomberg. www.enercominc.com…
22 U.S. Trade Balance The U.S. trade deficit in June 2012 was 42.9 billion, down from the revised deficit of 48.0 billion in the previous month (originally reported as a deficit of 48.7 billion). 0 Mar-07 Mar-08…
23 Industrial Production and Oil Price (June 30, 1983 to March 31, 2012) 5,800 Q3'08 - Q4'09 Q1'91 - Q3'91 5,300 4,800 Industrial Production (Billions) 4,300 5,214 Billion at 3/31/2012 3,800 3,300 2,800 R2…
26 Why Were Here Today TOGC17 Discover unique companies, strategies, ideas and management teams. Acquire more knowledge about a companys operations and financial structure. Explore how companies are using their capital for…
27 Heres One Idea for Investment Returns www.enercominc.com www.oilandgas360.com
28 We Respectfully Offer Three Better Ideas for Generating Returns. www.enercominc.com www.oilandgas360.com
29 The Oil & Services ConferenceTM Index 500 TOSC Index 283.0 450 S&P Energy Index 282.4 Oil Price 232.1 400 Gas Price 34.9 350 OSX 228.3 300 Indexed Price 250 200 150 100 50 0 Source: Bloomberg.…
30 EnerComs 200.0 London Oil & Gas Conference TM Index EnerCom LOGC Index 150.7 180.0 MSCI Europe Energy Index 111.6 FTSE 100 126.1 160.0 Brent Oil Price (Spot) 128.1 Indexed Price 140.0 120.0 100.0…
31 The Oil & Gas Conference Index 500 TOGC Index CAGR TOGC Index 280.4 9-Yr CAGR: 12% 450 S&P Energy Index 266.5 '03 - '08 CAGR: 29% NYSE Arca Gold BUGS Index 211.2 '09 - '12 CAGR: 14% 400 Technology Select Sector Index 159.7…
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