Pipeline & Energy Services Steven L. Bietz President & CEO WBI Energy Building A Strong America 1
Pipeline & Energy Services Building a Strong America Regulated operations 3,800 miles of pipeline Over 1 Bcf/d system capacity 13 interconnecting points 3 storage fields with 193 Bcf working storage capacity Nonregulated…
30 Years as Standalone Business 41 Employees with 30 Years of Service Building a Strong America 3
WBI Energy Goals Be the leading pipeline and a growing midstream provider to the Bakken and the broader Rockies area Delivering targeted growth in earnings and cash flow By investing 1.0 billion plus in infrastructure Pipeline,…
2014 Achievements Earnings of 22.6 million (50% increase) Settled first rate case in 14 years Pipeline projects Garden Creek II expansion (75,000 Mdk/day) Black Hills expansion (12,500 Mdk/day) Dickinson expansion (14,500 Mdk/day)…
Dakota Prairie Refinery May 2013 February 2015 Building a Strong America Pipeline & Energy Services 6
Dakota Prairie Refinery Building a Strong America 7
Dakota Prairie Refinery Process Bakken crude Projected cost more than 400 million 20,000 barrels/day split 50/50 with Calumet Diesel fuel, market locally Naphtha and heavier crude, rail Fullyear EBITDA projection of 60 80…
Wind Ridge Pipeline Project Initially designed to provide natural gas to CHS announced fertilizer plant near Spiritwood, ND North Dakota Approx. 95 miles of 16 pipe Projected cost 120 million Capacity 90+ MMcf/d Potential to…
Demicks Lake Approx. 27 miles of 24 pipe from Demicks Lake North Dakota processing plant to Northern Border Measurement facilities at Demicks Lake Plant Site new Northern Border Interconnect Projected cost 50 60 million…
Second Diesel Refinery Due diligence phase ND diesel demand strong Product market, demand and Undersupplied by ND refineries customer study Gain operational expertise with Crude acquisition and cost analysis Dakota Prairie Refining…
Other Opportunities Pursue additional pipeline, refinery & midstream opportunities Link Bakken production to Midcontinent markets Gas service to large industrial users Fertilizer plant Ethane to polyethylene plant Power generation…
Outlook Record capital expenditure budget of 1.1 billion Regulated pipelines Wind Ridge pipeline Demicks Lake Other opportunities Unregulated midstream Startup of Dakota Prairie Refining Second diesel refinery Other…
Pipeline & Energy Services Building A Strong America 14