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Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp

Crosstex Energy Lp · Dec 11, 2013 · 16 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 Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 1
    Wells Fargo Pipeline, MLP & Energy Symposium Barry E. Davis President & Chief Executive Officer December 11, 2013 RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 1
  2. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 2
    Investor Notices Additional Information and Where to Find It This presentation contains information about the proposed merger involving a Devon entity and a Crosstex entity. In connection with the proposed merger with Devon, New Public…
  3. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 3
    Executing Our Plan OUR STRATEGY Maximize earnings, Enhance scale, Maintain solid financial growth of existing diversification performance, balance businesses sheet SUCCESSFUL EXECUTION Cajun-Sibon project Devon merger expected…
  4. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 4
    Robust Energy Environment Projected U.S. Crude / Liquids Production * Pipeline Infrastructure Capital Spending (000 Bbls) Needed Per Year in the U.S.*** 4,500 (2011 2035, MM) 4,000 3,500 3,000 NGL 600 2,500 2,000 1,500 1,000…
  5. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 5
    The Crosstex and Devon Midstream Combination RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 6
  6. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 6
    A Stronger Company Immediate and meaningful value accretion for both Devon and Crosstex equity holders Increased scale and diversification Devon upstream sponsorship Enhanced financial strength Improved cash flow stability…
  7. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 7
    Transaction Overview Devon Energy Corporation Devon forms and contributes substantially all of its U.S. based (NYSE: DVN) midstream assets to Devon Holdings. Form Holdings Devon contributes 100 million Devon Midstream in cash and…
  8. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 8
    Crosstex / Devon Combination: Strategically Located Assets Well Positioned in 8 of the Top Shale / Resource Plays in the U.S. Gas Gathering & Transportation PA 6,500 miles of gathering and CANA- OK transmission lines WOODFORD OH…
  9. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 9
    Improved Cash Flow Stability: High Quality & Diversified Revenue Stream Upstream Producers Devon will be largest customer ( 50% of combined 2014e adjusted EBITDA) Diversified industry customer base Growth projects focused on…
  10. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 10
    Enhanced Financial Strength Devon to contribute assets without debt Initial MLP pro forma leverage is 2.1x(1) 2013e Adjusted EBITDA (MLP & New GP…
  11. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 11
    Enhanced Growth Outlook: 2014e Financial Outlook * 2014e adjusted EBITDA* (pre-synergies) Pro Forma 2014e 700 MM combined Outlook * 500 MM at the MLP Combined Adjusted EBITDA 700 MM Synergies contribute to distributable cash MLP…
  12. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 12
    Key Growth Area: Cajun-Sibon Expansion Project Highlights: 139-mile pipeline from NGL supply hub in South Texas to Crosstexs NGL fractionation assets in South Louisiana Supported by long-term sales agreements with Dow Hydrocarbons…
  13. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 13
    Key Growth Area: Permian Basin Great Platform in Prolific Shale Play Bearkat Highlights: Processing Plant 140MM investment for gas gathering and processing plant Fractionator 60 MMcf/d processing plant 30-mi. high pressure gathering…
  14. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 14
    Key Growth Area: Ohio River Valley A First Mover in the Utica & Marcellus Ohio River Valley Crude Pipeline Ohio Pennsylvania Crude & Brine Truck Stations Killbuck Brine Disposal Wells X Black Run Rail Terminal Black Run Bells…
  15. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 15
    Key Growth Area: Eagle Ford Howard Energy Partners Strategic partnership to pursue opportunities in Eagle Ford Shale; Alinda Capital Partners owns 59% Crosstex owns 31% Howard Energy Partners owns 10% 500 miles of pipeline in western…
  16. Wells Fargo Pipeline MLP & Energy Symposium – Crosstex Energy Lp – slide 16
    Questions RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 17

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