W E S T E R N G A S INVESTOR RE L AT IO N S JON VANDENBRAND Director, Investor Relations (832) 636-1007 MASTER LIMITED PARTNERSHIP ASSOCIATION 2017 MLP INVESTOR CONFERENCE June 1, 2017 Benjamin Fink President & CEO w w…
WES Today Powder River Marcellus Greater Green DJ BASIN: River Basin Our Largest Asset DELAWARE BASIN: Western Gas Portfolio1 Our Fastest Growing Asset Gathering Systems 22 Natural Gas Processing Plants, Trains and…
DJ Basin: A Core WES Area INTEGRATED INFRASTRUCTURE IN PLACE APC DEVELOPMENT AREA 2+ BBOE Development Area: 400,000 Net Acres APC Acreage APC Mineral Interest WES Gas Gathering NET RESOURCES APC Oil Pipelines 4,500+…
DJ Basin: Growth Follows Rig Increases Flattening Volumes in 16 2016 2017 1,200 Significant Volume Growth in 2014 2015 14 Steady Rig Increase in 2013 2014 1,000 12 800 10 Rig Count Decreased in Rig Count 2015 2016…
Delaware Basin: Even Bigger Wolfcamp A P C W O L F C A M P P O S I T I O N A D VA N TA G E Type Log APC WOLFCAMP A 3+ Target Zones 8 - 24+ Potential Wells/Section UPPER A 3+ BBOE NEW MEXICO WOLFCAMP PRODUCTIVITY TEXAS…
Haley: An Original WES IPO Asset Delaware Basin Infrastructure Delaware Basin Stack 8,500-FOOT THICKNESS AVALON A AVALON B 2nd BONE SPRING 3rd BONE SPRING WOLFCAMP A WOLFCAMP B WOLFCAMP C WOLFCAMP D Primary Target…
DBJV: Exploring the Delaware Basin Stack Delaware Basin Infrastructure Delaware Basin Stack 8,500-FOOT THICKNESS AVALON A Primary AVALON B Target 2nd BONE SPRING Oil & Rich Gas 3rd BONE SPRING WOLFCAMP A WOLFCAMP B…
Integrating the System: Bone Spring and MiVida Processing Capacity Delaware Basin Infrastructure Delaware Basin Stack 8,500-FOOT THICKNESS AVALON A Upside AVALON B Targets 2nd BONE SPRING Oil & Rich Gas 3rd BONE SPRING…
Nuevo Acquisition: Creating a 3rd Party Business Delaware Basin Infrastructure W E S 3 rd P a r t y B u s i n e s s Volumetric Commitments 500+ MMcf/d As of January 2017 Ac r e a g e Dedications 150,000+ Acres As of…
The Delaware Basin: One Step Ahead of Permania Upstream Delaware Basin M&A Midstream Delaware Basin M&A (Since 2015) (Since 2015) Date Buyer Seller 1 Apr-17 Blackstone Energy EagleClaw Midstream 22 Apr-17 NuStar Energy Navigator…
Preparing for the Future: DBJV Consolidation & Mentone Delaware Basin Infrastructure APC Delaware Opportunity1 40+% 5-YEAR OIL CAGR WOLFCAMP A 3+ BBOE NET RESOURCES REST OF STACK 1+ BBOE POTENTIAL UPSIDE 10,000+…
APC Divestitures Fuel Growth in Other Areas Eagleford Marcellus Brasada Gas Plant Maverick Oil Handling Facility Dimmit La Salle Webb 10 Miles Sanchez Energy acquired APC acreage in Q1 2017 Announced aggressive 2017…
High-Quality Dropdown Inventory Provides Safety Current Inventory Extremely attractive locations Over 80% of cash flow from Delaware and DJ Basin DJ Basin assets DJ Basin Oil Gathering Significant anticipated growth Wattenberg…
Preparing for the Next Stage of Growth Early Conversion of Full ownership of DBJV Series A Preferred units 2Q17 2017 The Year of Action Largest Capital Budget in Dropdown Inventory History Replenishment (900MM - 1BN) w w…