Petroleum, Pipelines & People A Round-Up of Permian Upstream & Midstream Activity DUG Permian Basin, Fort Worth, Texas, April 3, 2013 Raphael Hudson, Hart Energy, Senior Oil & Gas Analyst, Hart Energy Research, Houston, Texas
Hart Energy Institutional Research DISCLAIMER REPORTS BY HART ENERGY INCLUDING THE NORTH AMERICAN SHALE QUARTERLY AND THE REFINING UNCONVENTIONAL OIL REPORT (RUO) AND RELATED APPENDICES, PRESENTATIONS, AND ATTACHMENTS (THE REPORT)…
North American Shale Quarterly Timely Comprehensive Independent Consistent 1,400 700 1,200 1,400 600Bakken Three Forks Production Thousand s of BOE 1,200 1,000 500 1,000 Boe /d 800 400 800 600 300 600 400 200…
Key Themes Landscape in the Permian is changing different operators are taking distinct paths. The level of activity is increasing, and operators are continue to increase efficiency. Development so far has been oil-directed, and…
Permian ProductionWhere are the Rigs 400 Other Delaware Midland CBP After peaking in April 2012, 350 rigs drilling in the Permian 300 have been on the decline. 250 Improved efficiency is a key 200 drivernot purely a result of a 150…
Permian ProductionOperators Gameplans Operator Releases Show Greater Confidence, Activity in Permian Tight Oil Operators Permian Strategies Conditioned by Their Broader Project Portfolios, Access to Capital Some majors are taking a…
Permian InfrastructureRefineries A Solid Local Refining Market for Permian Permian Region has nearly 640,000 b/d of internal refinery demand for crude oil. PERMIAN REFINING CAPACITY Western Refining Holly Frontier Navajo…
Permian InfrastructureGoing East +985 Mb/d New and 1,100 Mb/d Existing Direct Access to Gulf Coast. +1,280 Mb/d New Interconnecting Access to Midwest, Gulf Coaston top of 1,028 Mb/d Existing Interconnecting Access.…
Permian InfrastructureGoing West Midwest and Gulf Coast not the only Refining Markets for Permian Potential Westbound Projects: Western Refinings Tex-New Mex Pipeline could be interconnected with Questars Southern Trails gas…
Permian InfrastructureRail Crude by Rail offers Coast to Coast Access to Permian Output Scalability Flexibility Coverability Optionality Rapid build-out of both manifest and unit train loading facilities is well matched to…
Takeaways Choice of whether to develop tight oil depends on operators project portfolio and access to capital Operators are progressing in horizontal drillingbut there are still plenty of vertical drilling opportunities We expect…
Hart Energy Institutional Research Raphael Hudson Senior Oil & Gas Analyst rhudsonhartenergy.com 713-260-6420 Houston, Texas
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