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Investor Presentation – Blue Racer Midstream Llc

Blue Racer Midstream Llc · Jan 30, 2014 · 35 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. Investor Presentation – Blue Racer Midstream Llc – slide 1
    1 From Importer to Exporter Jack Lafield, CEO January 30, 2014
  2. Investor Presentation – Blue Racer Midstream Llc – slide 2
    Agenda 1. Overview 2. Residue Gas Takeaway 3. Liquids Takeaway 4. Blue Racer Supersystem 5. Conclusion 2
  3. Investor Presentation – Blue Racer Midstream Llc – slide 3
    Overview 3
  4. Investor Presentation – Blue Racer Midstream Llc – slide 4
    Northeast Natural Gas Production Northeast production is a game changer Production is meeting (and exceeding) demand Production potential is over 20 Bcf/d by 2020 Current production exceeds 13 Bcf/d One-third of US production growth…
  5. Investor Presentation – Blue Racer Midstream Llc – slide 5
    A Look Back at Production Projections: How close were we 7.0 6.0 5.0 4.0 bcfed 3.0 2.0 1.0 0.0 2010 2011 2012 2013 2014 2015 Wood Mackenzie 5
  6. Investor Presentation – Blue Racer Midstream Llc – slide 6
    Northeast Wet Gas Production Wet Marcellus / Utica show strong returns and will drive Northeast production growth Robust economics in rich area of Marcellus / Utica Continued growth from Marcellus and Utica will put increasing pressure…
  7. Investor Presentation – Blue Racer Midstream Llc – slide 7
    Drilling Activity in the Northeast Current Drilling Activity Dry Marcellus rigs declining; moving to wet Marcellus/Utica Non-producing well inventory still large and will keep dry production growing Results Wet Marcellus/Utica show…
  8. Investor Presentation – Blue Racer Midstream Llc – slide 8
    Residue Gas Takeaway 8
  9. Investor Presentation – Blue Racer Midstream Llc – slide 9
    Historical Import Region Existing Transmission Lines Southwest Production TETCO Tennessee Gas Transco Appalachian Production Dominion Columbia Rockies Production Rex Canadian Production Iroquois Canadian Gas Dominion Cove…
  10. Investor Presentation – Blue Racer Midstream Llc – slide 10
    Northeast Natural Gas Basis Differentials Source: RBN Energy 10
  11. Investor Presentation – Blue Racer Midstream Llc – slide 11
    Where Does the Gas Go Source: RBN Energy 11
  12. Investor Presentation – Blue Racer Midstream Llc – slide 12
    Exports: Where Do We Go Spectra Anticipated Pipeline Industry Takeaway Additions TEAM (2014) Options from Marcellus to Texas Eastern M3 and Henry Hub area OPEN (2015) Move Utica production west to Lebanon and south to Mississippi…
  13. Investor Presentation – Blue Racer Midstream Llc – slide 13
    Residue Takeaway Solutions Source: RBN Energy 13
  14. Investor Presentation – Blue Racer Midstream Llc – slide 14
    NGL Outlets and Markets 14
  15. Investor Presentation – Blue Racer Midstream Llc – slide 15
    Northeast Processing: Capacity v. Wet Production Wet Production vs. Processing Capacity [Bcf/d] 10 9 3.6 8 7 6 5.7 5 4 3 2 1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Marcellus South West Utica…
  16. Investor Presentation – Blue Racer Midstream Llc – slide 16
    Marcellus / Utica NGL Production Forecast: 726 1,175 Kbpd by 2020 NGL Production (25% Recovery) [MBbl/d] 750 600 450 300 150 - 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ethane Propane Normal Butane…
  17. Investor Presentation – Blue Racer Midstream Llc – slide 17
    Marcellus / Utica C2 Production Vs. Frac Capacity Ethane Production Vs. Capacity [MBbl/d] 700 600 500 400 300 200 100 - 2013 2014 2015 2016 2017 2018 2019 2020 C2: 25% Recovery C2: 80% Recovery C2: Frac…
  18. Investor Presentation – Blue Racer Midstream Llc – slide 18
    Marcellus / Utica Ethane Ethane Supply / Demand Balance [MBbl/d] 700 600 500 400 300 200 100 - 2012 2013 2014 2015 2016 2017 2018 2019 2020 Pipeline Demand Potential Ethane Cracker Demand Excess…
  19. Investor Presentation – Blue Racer Midstream Llc – slide 19
    Ethane Trading Range Ethane Floor Natural gas price at the plant tailgate, adjusted for ethane transportation and fractionation cost Ethane Ceiling The maximum price for ethane before flexible olefin crackers begin to switch to…
  20. Investor Presentation – Blue Racer Midstream Llc – slide 20
    Marcellus / Utica C3+ Production Vs. Frac Capacity C3+ Production Vs. Capacity [MBbl/d] 700 600 500 400 300 200 100 - 2013 2014 2015 2016 2017 2018 2019 2020 C3+ Production C3+ Frac Capacity Source:…
  21. Investor Presentation – Blue Racer Midstream Llc – slide 21
    Marcellus / Utica Propane Propane Supply / Demand Balance [MBbl/d] 350 300 250 200 150 100 50 - 2012 2013 2014 2015 2016 2017 2018 2019 2020 (Short)/Excess Supply Processing / Refinery Supply Pipeline…
  22. Investor Presentation – Blue Racer Midstream Llc – slide 22
    East Coast Propane Imports Source: RBN Energy 22
  23. Investor Presentation – Blue Racer Midstream Llc – slide 23
    Marcellus / Utica Normal Butane Normal Butane Supply / Demand Balance [MBbl/d] 140 120 100 80 60 40 20 - (20) 2012 2013 2014 2015 2016 2017 2018 2019 2020 Blending, Petro Chem. & Crude Blend Demand…
  24. Investor Presentation – Blue Racer Midstream Llc – slide 24
    Marcellus / Utica Iso Butane Iso Butane Supply / Demand Balance [MBbl/d] 70 60 50 40 30 20 10 - 2012 2013 2014 2015 2016 2017 2018 2019 2020 (Short)/Excess Supply Processing & Refining Supply Lima Supply…
  25. Investor Presentation – Blue Racer Midstream Llc – slide 25
    Marcellus / Utica Natural Gasoline Natural Gasoline Supply / Demand Balance [MBbl/d] 100 90 80 70 60 50 40 30 20 10 - 2012 2013 2014 2015 2016 2017 2018 2019 2020 Demand Excess to Canadian Diluents Supply q…
  26. Investor Presentation – Blue Racer Midstream Llc – slide 26
    Exports: Where Do We Go Mariner West (Sunoco) Extends from Houston, PA to Sarnia, Canada Ontario In service Dec 2013 New York ATEX Express (Enterprise Products) Began service in January 2014 Potential to add propane in the future…
  27. Investor Presentation – Blue Racer Midstream Llc – slide 27
    NGL Prices Source: RBN Energy 27
  28. Investor Presentation – Blue Racer Midstream Llc – slide 28
    Blue Racer Supersystem 28
  29. Investor Presentation – Blue Racer Midstream Llc – slide 29
    Blue Racer Supersystem - Gathering BRM supersystem of midstream assets is the largest system in the Utica Nearly 600 miles of large diameter gathering pipeline Ranges in diameter from 8 to 30 Average trunk line pressure of 400-600…
  30. Investor Presentation – Blue Racer Midstream Llc – slide 30
    Blue Racer Supersystem - Processing BRM system will be able to process 1.0 to 1.6 Bcf/d of Utica wet gas production Natrium Processing Complex: Current: 200 MMcf/d - 350 psi Suction Pressure Expanded to 400 MMcf/d (1Q14) Current…
  31. Investor Presentation – Blue Racer Midstream Llc – slide 31
    Blue Racer Supersystem Fractionation & Liquids Natrium Fractionation 46 MBbl/d C2+ Pipe, Rail, Truck Loading Natrium Fractionation Expansion Operational in Q1 2015 Adds 80 MBbl/d C2+ capacity, 126 MBbl/d total Expansion of rail…
  32. Investor Presentation – Blue Racer Midstream Llc – slide 32
    Planned Condensate Services BRM has executed and is currently negotiating additional condensate agreements Condensate Gathering, Stabilization and Marketing Field gathering lines to be constructed from wellhead to Berne…
  33. Investor Presentation – Blue Racer Midstream Llc – slide 33
    Conclusion 33
  34. Investor Presentation – Blue Racer Midstream Llc – slide 34
    Conclusions Residue Gas Importer to Exporter Key pipeline reversals and expansions are necessary to get gas out of the Northeast and prevent basis from eroding further Liquids Northeast market is saturated Need access to diverse…
  35. Investor Presentation – Blue Racer Midstream Llc – slide 35

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