From Exports to Rail Cars Outlook for how Washington DC will impact oil & gas industry over the next several years August 20, 2015 New York Washington, D.C. Marwood Group Research, LLC 2015 Tel. 212 532 3651 Unauthorized…
Marwood Group Energy Research Bridging the gap between Washington and Wall Street Marwoods mission is to enable investors to understand and act upon catalysts in Washington D.C. and the state capitals We possess deep policy…
Marwood Group Energy Research From Exports to Rail Cars Outlook for how Washington DC will impact the oil & gas industry for the next several years Presentation Topics Lay of the Land Crude Oil Exports LNG Exports Crude by…
Marwood Group Energy Research Lay of the Land Domestic production is way up; oil and gas prices are not Natural Gas (Henry Hub) Crude Oil (WTI - Cushing) 90 Bcf/d 10 MMBbl/d 80 +45% +73% 70 8 60 6 50 40 4 30 20 2 10 0 0…
Marwood Group Energy Research Lay of the Land Total Net Crude Oil and Refined Product Supply The US has largely solved its MMBbl/d Domestic Oil Production energy supply problem 18 Net Oil & Product Imports Petroleum imports have…
Marwood Group Energy Research Crude Oil Exports Industrys 1 regulatory goal is to lift the ban on crude oil exports Export ban has been in effect since passage of the Energy Policy and Conservation Act of 1975 (EPCA 1975) with…
Marwood Group Energy Research Crude Oil Exports Theres been good progress in the last year, but still a ways to go Senate Energy Committee Chair Lisa Murkowski (R-AK) is spearheading the effort Hearings and reports have served to…
Marwood Group Energy Research Crude Oil Exports Tangentially related issues that have little bearing on the debate Condensate Exports Private rulings by BIS confirm that stabilized condensate may be exported No export permit need…
Marwood Group Energy Research LNG Exports LNG exports are pretty much a done deal Over 10 Bcf/d of export capacity already fully approved Chenieres Sabine Pass slated to go on-line by the end of this year An additional 4 Bcf/d…
Marwood Group Energy Research Crude by Rail CBR Volumes by Destination 1,200 MBbl/d Producers (and refineries) need 1,000 800 PADDs 2,4 & Canada trains to transport oil PADD 3 600 PADDs 1 & 5 Trains move about 1 MMbl/d 400…
Marwood Group Energy Research Crude by Rail New tank car regulations could be severely disruptive PHMSAs new tank car regulations go into effect on October 1st New DOT-117 standard to replace existing DOT-111 and CPC-1232…
Marwood Group Energy Research Pipelines and Refineries Pipeline Approval Process More Local Hurdles Than Federal FERC process is time consuming but goal is to help facilitate construction Local opposition is key to watch -…
Marwood Group Energy Research Other Items Tax reform Minimal risk to E&P provisions until post-election, focus is on renewables Methane emissions EPAs proposed rule is focused on fixing leaks and updating pneumatic devices…
Marwood Group Energy Research For additional information, please contact: New York, NY 733 Third Avenue 11th Floor New York, NY, 10017 Main: 212.532.3651 Tommy Barletta (202) 371-0012 tbarlettamarwoodgroup.com Jeb Armstrong…
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