Argus Americas Crude Summit 2009 PAA Terminals and Expansion Projects
|
|
- Barry Cummings
- 6 years ago
- Views:
Transcription
1 Argus Americas Crude Summit 2009 PAA Terminals and Expansion Projects John Keffer Vice President, Terminals Houston, Texas January 27, 2009
2 Forward-Looking Statements & Non-GAAP Financial Measures Disclosure This presentation contains forward-looking statements, including, in particular, statements about the plans, strategies and prospects of Plains All American Pipeline, L.P. ( the Partnership or PAA ). These forward-looking statements are based on the Partnership s current assumptions, expectations and projections about future events. Although the Partnership believes that the expectations reflected in these forwardlooking statements are reasonable, the Partnership can give no assurance that these expectations will prove to be correct or that synergies or other benefits anticipated in the forward-looking statements will be achieved. Important factors, some of which may be beyond the Partnership s control, that could cause actual results to differ materially from management s expectations are disclosed in the Partnership s most recent 10-K, 10-Q and 8-Ks filed with the Securities and Exchange Commission. This presentation also contains non-gaap financial measures, such as EBITDA. For a presentation of the most directly comparable GAAP measures and a reconciliation of the two as well as additional detail regarding selected items impacting comparability, you can visit our website at Click on the Investor Relations section on our homepage followed by the Non-GAAP Reconciliations link. You will also find such reconciliations at the end of this presentation. 2
3 Plains All American Profile (NYSE: PAA) Aggregate Size/Yield Total Assets (9/30/08) $11.9 B Book Equity (9/30/08) $3.7 B Book Cap. (9/30/08) $6.9 B Enterprise Value * $7.9 B Equity Market Cap. * $4.6 B Fortune 500 Rank 121 Unitholders ~69,000 Current Yield* ($3.57 annualized) ~9.4% * Based on 01/16/09 closing unit price; excludes value of GP. Public Guidance Midpoint (1) 2008 Adjusted EBITDA $887 MM 2008 Adjusted Net Income $476 MM Assets (2) : Pipelines (active miles) ~20,000 miles Storage ~76 MMBbls LPG Railcars ~1,400 Truck Fleet ~620 Trucks ~1,100 Trailers Barge Fleet (Settoon) ~62 Barges ~32 Tugs Crude, Product & LPG Volumes: >3.0 MMBbl/d Operational Metrics Operational footprint: Domestic >40 States Canada 5 Provinces Employees ~3,100 (1) EBITDA and Net Income are the midpoint of PAA s public guidance furnished via 8-K on November 5, 2008 and exclude selected items impacting comparability. (2) Includes owned or leased assets as of 12/31/07 3
4 PAA s Business Model Complements Established Supply & Demand Trends on a U.S. and Regional Basis U.S. Crude Oil Supply & Demand (Millions of Barrels per Day) Refinery Inputs: 15.1 MMbbls LPG Domestic Supply Shortfall 10.0 MMbbls Production: 5.1 MMbbls Seasonal shifts in regional demand: Alternating needs of refineries to store/blend Complex transportation logistics Shortage of diluent for Canadian heavy oil Inefficiency caused by multiple supply sources and numerous regional supply and demand imbalances U.S. Imports of Refined Products (Millions of Barrels per Day) Imports: 3.4 MMbbls U.S. Natural Gas Supply & Demand (Billions of Cubic Feet per Day) Consumption: 63.1 Bcf Domestic Supply Shortfall: 10.8 Bcf Production: 52.3 Bcf Source: Energy Information Administration 4
5 PAA s Business Platform Primary & Developing Primary Crude Oil LPG Producers Transportation, Facilities, Marketing Refiners Refinery Transportation, Facilities & Marketing Truck Pipeline Truck Retail Distribution Pipeline Gas Plants Pipeline Gathering Barge Injection Station Terminal / Storage / Exchange Location Pipeline Above Ground or Underground Storage Chemical Plants Tanker Rail Car Diluent for Heavy Crude Developing Refined Products Natural Gas Storage Refineries Transportation, Facilities & Marketing Gas Stations Producers Facilities End Users Barge Pipeline Storage Common Carrier Pipeline Bulk Storage Terminal Gathering Pipeline Common Carrier Pipelines Injection / Withdrawal Facilities Common Carrier and LDC Pipelines Salt Dome Depleted Reservoir Tanker Underground Storage LNG Tanker 5
6 Today, PAA is Well Positioned to Meet Complex Demands of U.S. Energy Markets PAA Business model underpinned by storage assets at key market hubs = Key Market Hub Import data from Energy Information Administration: Crude Oil & Refined Products daily average from past 52 weeks ending October 12, Natural Gas, 2005 annual. Note: Some terminals capable of receiving both Crude Oil and Refined Products 6 Crude oil Cushing (OK) St. James (LA) Mobile (AL) Kerrobert (SK) Los Angeles (CA) (incl. Pier 400) Midland (TX) Patoka (IL) Refined products LPG Martinez (CA) Richmond (CA) Philadelphia (PA)/ Paulsboro (NJ) Bakersfield (CA) BumStead (AR) Tirzah (SC) Natural Gas / LNG Bluewater (MI) Pine Prairie (LA)
7 Multiple Factors are Driving Increased Demands for Storage Continued imports By tanker (storage needed to break down bulk transfers and deliver ratably) From Canada through pipelines (storage needed to stage crude) Of light products to handle Canadian Diluent requirements Increasing need for segregation resulting from Additional crude grades & nominal imported barrel increasingly heavy and sour Refineries needing increased flexibility for refined product and crude oil blending and segregations API 653 DOT has mandated that all tanks connected to DOT regulated pipelines comply with API tank standards by May 2009 Expect that many tanks will be taken out of service (some temporarily maybe permanently), increasing the need for replacement tankage and driving up the value of tankage in service 7
8 Storage Required for Foreign Imports Waterborne & Pipeline Imports Import Tankers Tankage ensures ability to stage crude and deliver ratable supply to refiners Refinery 1 2 MMbbl. Cargoes Pipeline 50,000 bpd Feedstock Requirement Additional operational tankage required to enable batching on new pipelines under construction Imported Canadian barrels require segregation Need to source LPG as diluent to enable heavy crude transport Additional tankage required to handle increases in crude and product imports into the Gulf, East and West Coasts Crude & Product Imports Canadian Crude US Crude / Foreign Crude & Products Diluent Patoka St. James Diluent Product Imports 8
9 Refinery Inputs Reflect Changing Crude Mix Additional storage needed to segregate increasingly heavy and sour crude types U.S. Refinery Crude Oil Input Qualities Sulfur Content API Gravity Source: Energy Information Administration 9
10 PAA owns and continues to expand storage at strategic crude oil trading hubs PAA Capacity: ~ 11 MMBLS SEM PAA (3) COP COP Keystone Osage COP Cushing PAA Spearhead BP Ozark W Tulsa Sun Enbridge Keystone Capwood WoodPat Mustang Patoka XOM Capline Locap Chicap PAA Capacity: 3.4 MMBLS Under Construction Marathon (3) Marathon SEM XOM (3) Capline Marathon Sun OXY OXY PAA (Basin) Inbound pipelines Outbound pipelines Proposed or Announced Seaway PAA (Red River) PAA Capacity: ~7 MMBLS (Current + Construction) 10 SPR / Shell Ship Shoal Shell St James XOM Note: Pipelines shown are to hub locations and may not be directly connected to PAA facilities. Shell Miss. River Loop / Locap
11 Cushing Terminal Recently Completed $50 Million Phase VI Expansion Significant expansion activity in Cushing Recent/Current Owner Expan. (1) Total (1) PAA EEP SEM TPP Drivers Need to Segregate Increased Canadian crude oil Contango market / financial participants API 653 Status of PAA Tankage Leases are term contracts primarily with refiners and producers Refiners use tankage for operations Balance used for PAA strategies (1) Based on PAA estimates. Note: Pipelines shown are to Cushing hub and may not be directly connected to PAA facilities. 11 Sun SEM PAA (3) SEM OXY COP COP OXY Keystone Osage PAA (Basin) Cushing COP Seaway Inbound pipelines Outbound pipelines Proposed or Announced PAA Spearhead BP Ozark W Tulsa Sun PAA (Red River)
12 Our Cushing Terminal Post Phase VI Expansion ~ 11 MMBLS of storage Interconnected (directly or indirectly) to all incoming/outgoing pipelines Manifold capacity - 800,000 barrels per day Tanks average less than 7 years of age PAA owns sufficient land to expand 12
13 Thoughts on Cushing Storage Capacity / Contango Crude Market Much Discussion of Cushing Storage Resulting From Current Contango Market Media sources report current Cushing shell capacity from million barrels When is Cushing Full? Working capacity different from shell capacity Depending on age and design of tanks, working capacity ~80% ~85+% of shell capacity Cushing is an operational hub servicing refiner and producer activities Cannot utilize all of theoretical working capacity for storage due to: Mismatched pipeline capacities / volumes of incoming and outgoing crude shipments Refiner usage of tankage for segregations and custom blending requirements For these reasons previous Cushing storage utilization high was estimated ~78% of shell capacity (April 2007) after barrels stranded at Cushing due to McKee refinery outage Extended periods of contango market structure can increase storage efficiency 13
14 St. James Terminal ~7 MM barrels (once currently announced projects complete) Phase I (3.5 MMbls) placed in service in 2007 Phase II (2.7 MMbls) 2.0 MMBLS completed; remaining 700,000 bbls expected to be in service in first half of 2009 Phase III (0.9 MMbls of light product tankage and dock) Locap XOM (3) SPR / Shell Ship Shoal Capline (PAA) St James Marathon Shell Shell XOM Loop / Locap Inbound pipelines Outbound pipelines Proposed or Announced Miss. River One of the most liquid crude oil markets in the U.S. Drivers Refinery Expansion/Upgrades Increasing Gulf of Mexico Production Supports PAA Merchant Activities Note: Pipelines shown are to St. James hub and may not be directly connected to PAA s facility. 14
15 Patoka Terminal Phase I $87 Million total cost 2.8 Million Barrels Phase II 600,000 Barrels of light product tankage Pipeline connected to PAA terminals at St. James, Cushing, Edmonton & Kerrobert Existing terminals include: Capline ExxonMobil Marathon 6.2 MMBbls 2.1 MMBbls 2.2 MMBbls Significant expansion in Patoka PAA EEP Current Status 3.4 MMBbls 2.0 MMBbls CAPP approved terminal Phase I expected to be in service Q Note: Pipelines shown are to Patoka hub and may not be directly connected to PAA s facility. Inbound pipelines Outbound pipelines Proposed or Announced 15 Keystone Capwood (PAA) WoodPat XOM Enbridge Mustang Canadian Crude Patoka US/Foreign Crude Chicap Marathon (3) Capline (PAA) Diluent Patoka Diluent Marathon
16 Patoka Terminal Fundamental Drivers Planned Pipeline Projects to/from Patoka will require operational tankage Keystone (24 lateral from Wood River) Enbridge Southern Access Significant influx of new crude grades Heavy bitumen from Canada Synthetic grades Condensate for Southern Lights New tanks potentially used for Segregating crude grades Custom blending for refinery requirements Staging batches Market Structure (Contango) Keystone Capwood WoodPat XOM Enbridge Mustang Patoka We believe these changes will cause the Patoka hub to evolve from an intersection of pipelines to an increasingly important trading location Capline Chicap Inbound pipelines Outbound pipelines Proposed or Announced Marathon (3) Marathon Note: Pipelines shown are to St. James hub and may not be directly connected to PAA s facility. 16
17 Additional U.S. Tank Expansion Projects Paulsboro, PA (Refined Products) $44 million total cost 8-tank expansion for total of 1 million additional barrels of capacity Placed 450,000 barrels into service during 4Q08 and expect to place remaining 550,000 barrels into service during 2Q09 Ft. Laramie Crude Oil Tank Construction $34 million total cost 6-tank expansion for total of 900,000 barrels Tanks staged into service throughout 2008 with final capacity in service 4Q08 17
18 Additional U.S. Tank Expansion Projects Martinez (West Coast) $33 million total cost 850,000 barrels refined product expansion, brings total to 4.8MM barrels* Leased to 3rd Parties Final capacity brought into service during 1Q08 West Hynes (West Coast) 550,000 barrels crude oil expansion Leased to 3 rd Parties In service by end of 2008 * A portion of this capacity is attributable to crude storage 18
19 Why Customers Choose PAA Service & Expertise PAA recognized by refiner customers as delivering superior service and expertise in terminalling and storage; When customers have technical and operational problems, they have been known to seek PAA s expertise for help with solutions Flexible Assets PAA assets known for superior operational flexibility, enabling refiners to meet precise requirements PAA is a service provider, not a refiner; therefore, minimized competitive sensitivity As a result, PAA is a provider of choice to meet customer s terminalling and storage needs Leads to additional future expansion possibilities 19
20 Non-GAAP Reconciliations EBITDA Reconciliations (Dollars in Millions) Q08(G) (G) (PG) 2 Reported Net Income $59 $130 $218 $285 $365 $117 $456 $492 Interest Expense Depreciation & Amort Other (1) Reported EBITDA $140 $246 $361 $470 $723 $228 $867 $950 SFAS (1) (72) - Other Selected Items Impacting Comp Adjusted EBITDA $169 $253 $408 $511 $779 $235 $887 $950 Note: Amounts may not recalculate due to rounding. Additional Non-GAAP Reconciliations can be found on our website at 1. Midpoint of 4Q and full-year 2008 guidance as found in Form 8-K issued on November 5, Midpoint of 2009 Preliminary Guidance found in Form 8-K issued on May 29,
21
Crude Oil Quality Group
Crude Oil Quality Group Dominic Ferrari VP West Coast Pipelines L B h CA Long Beach, CA February 26, 2009 Forward-Looking Statements Disclosure This presentation contains forward-looking statements, including,
More informationENERGY IN MOTION CRUDE BY RAIL STORAGE DOCKS PIPELINES TRUCK UNLOADING.
ENERGY IN MOTION CRUDE BY RAIL STORAGE DOCKS PIPELINES TRUCK UNLOADING www.jeffersonenergyco.com OVERVIEW REFINING PROXIMITY Jefferson Energy s Beaumont Terminal is located at the Port of Beaumont, at
More informationCrude Oil Trends & Recent Developments
Crude Oil Trends & Recent Developments Greg L. Armstrong, Chairman & CEO IPAA & TIPRO Leaders in Industry Houston, TX January 11, 2012 Today s Presentation Introduction to Plains All American Pipeline,
More informationGlobal Partners LP (GLP) Investor Presentation May Bakken Product Markets & Takeaway Capacity Congress January 29, 2014 Denver, CO
Global Partners LP (GLP) Investor Presentation May 2012 Bakken Product Markets & Takeaway Capacity Congress 2014 January 29, 2014 Denver, CO Global Partners at a Glance Leader in the logistics of transporting
More informationENTERPRISE CRUDE SYSTEM OVERVIEW AND QUALITY UPDATE
ENTERPRISE PRODUCTS PARTNERS L.P. ENTERPRISE CRUDE SYSTEM OVERVIEW AND QUALITY UPDATE June 8 th, 2017 Jared Gayhart, Director Crude Oil Distribution ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P.
More informationThe RIO System Creating Value Through Transportation
The RIO System Creating Value Through Transportation Christopher W. Keene President & CEO Rangeland Energy DUG Permian May 20, 2014 Rangeland Energy: Our Purpose Rangeland Energy is a midstream energy
More informationCrude By Rail & Emerging Quality Issues. Stephen Weinzapfel Director of Facilities
Crude By Rail & Emerging Quality Issues Stephen Weinzapfel Director of Facilities June 5, 2014 Plains All American Current Profile (NYSE: PAA & PAGP) Pipelines (active miles) Liquids Storage Natural Gas
More informationDelek US Holdings, Inc. Howard Weil Energy Conference March 2014
Delek US Holdings, Inc. Howard Weil Energy Conference March 2014 Safe Harbor Provision Delek US Holdings and Delek Logistics Partners, LP are traded on the New York Stock Exchange in the United States
More informationRisks and Forward-Looking Statements
Terry Doherty Director Crude Oil Strategy and Commercial Development Crude & Hazardous Liquids By Rail Safety 2015 Conference Houston, TX August 2015!! Risks and Forward-Looking Statements This presentation
More informationWells Fargo Energy Symposium
Wells Fargo Crude Oil and Condensate Logistics 2014 Energy Symposium and Export Opportunities New Robb York Barnes City Dec. 2014 Senior Vice President Commercial, Crude Oil Houston, TX January 2018 Forward-Looking
More informationPBF Energy (NYSE: PBF) & PBF Logistics (NYSE: PBFX)
PBF Energy (NYSE: PBF) & PBF Logistics (NYSE: PBFX) Wells Fargo Energy Symposium December 2014 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. and PBF
More informationPartnering)With)The)Rail)Industry)
!! Partnering)With)The)Rail)Industry) Supplied(by(CN( Terry Doherty Director Crude Oil Strategy and Commercial Development Canadian Crude Marketing Congress Calgary, AB October 28-29, 2015 Risks and Forward-Looking
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) Credit Suisse MLP and Energy Logistics Conference June 24, 2015 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics LP, PBF
More informationENERGY TRANSFER PARTNERS, L.P. Bakken Pipeline System Overview & Quality Update February 22, 2018
ENERGY TRANSFER PARTNERS, L.P. Bakken Pipeline System Overview & Quality Update February 22, 2018 ETP S INTEGRATED HYDROCARBON BUSINESS Asset Overview Recently In-service & Announced Growth Projects ETP
More informationPBF Energy. State College, PA. North East Association of Rail Shippers Fall Conference. October 1, 2014
PBF Energy North East Association of Rail Shippers Fall Conference State College, PA October 1, 2014 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc.
More informationRangeland Energy, LLC
Rangeland Energy, LLC COLT (Crude Oil Loading Terminal) Introduction COQA Crude Oil Unit Train Operations October 27, 2011 Brian Freed bfreed@rgldenergy.com Direct 281.566.3008 www.rgldenergy.com Brian
More informationC&N ETHANOL. Houston 2925 Richmond Ave., 11th Floor Houston, TX Omaha California St, Suite 310 Omaha, NE
Omaha 13625 California St, Suite 310 Omaha, NE 68154 402-800-1094 Minneapolis 100 South Fifth Street, Suite 1900 Minneapolis, MN 55402 612-605-6190 Houston 2925 Richmond Ave., 11th Floor Houston, TX 77098
More informationLife is a Batch Supply and Quality Challenges on the KMC Pipelines. CCQTA / COQA Meeting June 19, 2012
Life is a Batch Supply and Quality Challenges on the KMC Pipelines CCQTA / COQA Meeting June 19, 2012 Presentation Outline KM and KMC Overview Express / Platte, Trans Mountain, and Puget Sound Description
More informationTESORO CREATES FULL-SERVICE LOGISTICS COMPANY TLLP ACQUIRES QEP FIELD SERVICES ASSETS
TESORO CREATES FULL-SERVICE LOGISTICS COMPANY TLLP ACQUIRES QEP FIELD SERVICES ASSETS October 20, 2014 FORWARD LOOKING STATEMENTS This Presentation includes forward-looking statements. These statements
More informationENERGY IN MOTION RAIL STORAGE DOCKS PIPELINES TRUCK.
ENERGY IN MOTION RAIL STORAGE DOCKS PIPELINES TRUCK www.jeffersonenergyco.com OVERVIEW ENERGY IN MOTION Jefferson Energy Terminal was founded in 2012 to meet the needs of the Gulf Coast Refining market.
More informationNorth America Crude Markets and Storage Summit. Cost Effective Transportation Methods for Moving High Gravity Crude to Markets.
North America Crude Markets and Storage Summit Cost Effective Transportation Methods for Moving High Gravity Crude to Markets Rangeland Energy Creating Value Through Transportation 1 Rangeland Energy Rangeland
More informationMidstream Partners LP
Presentation Title Presentation Subtitle 25/02/2014 Crestwood Midstream Partners LP The Crude By Rail 2014 Summit Brian Freed, Vice President Crude Logistics Crestwood bfreed@crestwoodlp.com Midstream
More informationIHS LATIN AMERICA LPG SEMINAR
ENTERPRISE PRODUCTS PARTNERS L.P. IHS LATIN AMERICA LPG SEMINAR November 8, 2016 Joseph Fasullo Manager, International NGLs ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com
More informationPat McGannon Vice President, Business Development rangelandenergy.com
Pat McGannon Vice President, Business Development rangelandenergy.com Overview Our Purpose Rangeland Energy is a midstream energy company focused on developing, owning and operating midstream assets. Backed
More informationCrude by Rail Lower Cost, Lower Risk, Better Netback, Right Away
Crude by Rail Lower Cost, Lower Risk, Better Netback, Right Away James Cairns Vice President, Petroleum and Chemicals Upgrading Crude by Rail Capacity Summit February 26-27, 2013 Houston, TX FORWARD-LOOKING
More informationPotential economic impacts of the Bayou Bridge pipeline.
Potential economic impacts of the Bayou Bridge pipeline. Prepared on the behalf of Energy Transfer David E. Dismukes, Ph.D. Gregory B. Upton, Jr., Ph.D. Center for Energy Studies Louisiana State University
More informationSprague Resources LP Facility Tour September 15, 2015
Sprague Resources LP Facility Tour September 15, 2015 1 Event Details 2 Safe Harbor Forward-Looking Statements /Non-GAAP Measures Some of the statements in this presentation may contain forward-looking
More informationCorpus Christi Ship Channel Improvement Project USACE Galveston District Winter 2018 Stakeholder Partnering Forum
Daniel J. Koesema, P.E. Chief of Channel Development Port of Corpus Christi Corpus Christi Ship Channel Improvement Project USACE Galveston District Winter 2018 Stakeholder Partnering Forum Nicholas Laskowski,
More informationInvestor Presentation August 2013
Investor Presentation August 2013 Risks and Forward-Looking Statements This presentation includes forward looking statements within the meaning of Section 21A of the Securities Act of 1933, as amended,
More informationChanging US Crude Oil Imports are Driving Refinery Upgrades, Creating Opportunities
1 Changing US Crude Oil Imports are Driving Refinery Upgrades, Creating Opportunities Christopher Buehler, Ph.D., P.E. Praveen Gunaseelan, Ph.D. Crude Oil Quality Association October 22, 2009 Meeting Houston,
More information141 FERC 61,005 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION
141 FERC 61,005 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Before Commissioners: Jon Wellinghoff, Chairman; Philip D. Moeller, John R. Norris, Cheryl A. LaFleur, and Tony T. Clark. Oxy
More informationOklahoma Swing The Cushing Crude Hub
A RBN Energy Drill Down Report Copyright 2018 RBN Energy Oklahoma Swing The Cushing Crude Hub Inventory Roller Coaster, New Projects Are Reminders of Its Relevance Cushing, the Pipeline Crossroads of the
More informationEfficiencies of Unit vs Manifest Models
Crude By Rail & Intermodal Supply Chain Op7miza7on & Opportuni7es Efficiencies of Unit vs Manifest Models John C. Wadsworth Director of Engineering and Construc
More information2015 RBC MLP CONFERENCE
2015 RBC MLP CONFERENCE November 2015 FORWARD LOOKING STATEMENTS The following information contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements
More informationInvestor Chat Series December 17, Tom O Connor. President & CEO Duke Energy Gas Transmission
Investor Chat Series December 17, 2004 Tom O Connor President & CEO Duke Energy Gas Transmission Safe Harbor Statement Under the Private Securities Litigation Act of 1995 This document contains forward
More informationENERGY TRANSFER PARTNERS HEADING SOUTH OF THE BORDER. US-Mexico Natural Gas Forum August 15, 2017
ENERGY TRANSFER PARTNERS HEADING SOUTH OF THE BORDER US-Mexico Natural Gas Forum August 15, 2017 LEGAL DISCLAIMER This presentation may contain statements about future events, outlook and expectations
More informationREFINING THE FUTURE SHIPPER PANEL. DAN GORDON, EVP Delek US
REFINING THE FUTURE SHIPPER PANEL DAN GORDON, EVP Delek US Safe Harbor Provision Delek US Holdings, Inc. ( Delek US ) and Delek Logistics Partners, LP ( Delek Logistics ; collectively with Delek US, defined
More informationEconomics of Using Unit Trains vs Manifest Trains
Economics of Using Unit Trains vs Manifest Trains Darin Selby, Vice President Energy Markets & Short Line Partner Relations Safe Harbor Statement This presentation contains forward-looking statements within
More informationT E A M. Michael A. Turchi. Special Skills. Related Experience
Michael A. Turchi Special Skills Mr. Turchi, President of Summit Terminaling Services, LLC is a highly experienced professional in all aspects of terminaling. His background includes serving as GATX s
More informationCrude Markets and Storage Summit. July 2015
Crude Markets and Storage Summit July 2015 Topics Introduction to First River Energy Crude Oil Marketing Fundamentals Impact of Market Structure on Netbacks Optimization Options Conclusion Introduction
More informationNASEO WINTER ENERGY OUTLOOK
ENTERPRISE PRODUCTS PARTNERS L.P. NASEO WINTER ENERGY OUTLOOK October, 2014 Mike Smith Group Sr. Vice President ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com DISCLAIMER
More informationCorpus Christi Livability Summit
Corpus Christi Livability Summit October 15, 2014 Frank C. Brogan Managing Director 1 PORT POLITICAL STRUCTURE Governed by Appointed 7-Member Commission City of Corpus Christi (3) Nueces County (3) San
More informationNational Association of Publicly Traded Partnerships MLP Conference Presentation New York, New York May 21, 2008
National Association of Publicly Traded Partnerships MLP Conference Presentation New York, New York May 21, 2008 Safe Harbor Statement Some of the statements in this document concerning future company
More informationBridger Acquisition Overview June 1, 2015
Bridger Acquisition Overview June 1, 2015 Conference Call Details Time: 11:00am Eastern Dial-In (Toll Free): (800) 374-0690 Dial-In (International): (253) 236-3482 Passcode: 58838962 Forward Looking Statements
More informationUpdate on Energy, Projects, & Infrastructure Investments Jarl Pedersen Chief Commercial Officer
Update on Energy, Projects, & Infrastructure Investments Jarl Pedersen Chief Commercial Officer 2015 - First U.S. Crude Oil Export in 40 Years Aruba Bahamas Canada China Colombia Curacao Dominican Republic
More informationENERGY. Responding to the Upstream Boom
ENERGY Responding to the Upstream Boom CURRENT OPPORTUNITIES AND CHALLENGES IN MIDSTREAM/LNG 1 GROWTH Responding to demand for new and expanded oil and gas processing, transportation and storage following
More informationFOURTH AMENDMENT TO THE OPERATIONAL SERVICES AGREEMENT
Exhibit 10.1 Execution Version FOURTH AMENDMENT TO THE OPERATIONAL SERVICES AGREEMENT This Fourth Amendment to the Operational Services Agreement ( Fourth Amendment ) is made and entered into as of the
More information17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17)
More informationCrestwood Overview Nationwide Footprint / Diverse Product Mix
Crestwood Overview Nationwide Footprint / Diverse Product Mix Asset Map Volumes by Product 3% 20% 62% 15% Crude Gas NGLs Water Key Statistics 1,350 miles of pipeline 2.6 Bcf/d gathering 1.4 Bcf/d transport
More informationNGLs Conference & Petrochemical Seminar October Jarl Pedersen Chief Commercial Officer
NGLs Conference & Petrochemical Seminar October 2017 Jarl Pedersen Chief Commercial Officer Disaster Preparedness, Recovery & Resiliency Preparedness (Emergency Operations Command) Recovery (1 st Vessel
More informationGlobal Upstream and Gas. George Kirkland Vice Chairman and Executive Vice President
Global Upstream and Gas George Kirkland Vice Chairman and Executive Vice President A Strong Worldwide Portfolio 800 MBOED 690 MBOED North America Europe, Eurasia and Middle East Net Production Capacity
More informationAlberta s Energy Markets: Opportunities and Challenges. Paul Tsounis Alberta Department of Energy Economics and Markets Branch June 2012
1 Alberta s Energy Markets: Opportunities and Challenges Paul Tsounis Alberta Department of Energy Economics and Markets Branch June 2012 Key Issues of the Day Uncertainties in Europe Greek elections GDP
More informationINFORMATION MEMORANDUM AND BINDING OPEN SEASON NOTICE
INFORMATION MEMORANDUM AND BINDING OPEN SEASON NOTICE I. The Rangeland RIO Pipeline On April 12, 2016, Rangeland RIO Pipeline, LLC ( Rangeland ) issued a press release announcing this open season ( Open
More informationNew Crudes for New U.S. & Export Demand
New Crudes for New U.S. & Export Demand SPE-Gulf Coast Section General Meeting Study Group Luncheon - Houston Petroleum Club Greg Haas, Director of Integrated Energy, Stratas Advisors UPSTREAM MIDSTREAM
More informationShale s Potential: The Next Phase. September 12, 2013
Shale s Potential: The Next Phase September 12, 2013 Today s Panelists Ryan Fischer Assistant Vice President, Emerging Markets Genesee & Wyoming Railroad Services, Inc. Genesee & Wyoming Inc. Nine North
More informationGas and Crude Oil Production Outlook
Gas and Crude Oil Production Outlook COQA/CCQTA Joint meeting October 3-31, 214 San Francisco, California By John Powell Office of Petroleum, Natural Gas, and Biofuels Analysis U.S. Energy Information
More informationUNIT VS. MANIFEST TRAINS Presented by: Jarrett Zielinski President & CEO of TORQ Transloading
UNIT VS. MANIFEST TRAINS Presented by: Jarrett Zielinski President & CEO of TORQ Transloading 1 Disclaimer Certain information provided in this presentation constitutes forwardlooking statements. The words
More informationFROM RAILROAD COMMISSIONER RYAN SITTON
2018 E N E R G Y M A R K E T O U T L O O K FROM RAILROAD COMMISSIONER RYAN SITTON TABLE OF CONTENTS 2018 ENERGY MARKET OUTLOOK Summing up the analysis contained in this report in a few sentences, my prediction
More informationSOUTHWEST LOUISIANA PORT NETWORK THE ENERGY CORRIDOR S PATH TO GROWTH & SUCCESS
SOUTHWEST LOUISIANA PORT NETWORK THE ENERGY CORRIDOR S PATH TO GROWTH & SUCCESS BRIDGING THE DISTANCE The distance separating a buyer from a seller is sometimes minimal; other times, it s an ocean. The
More informationHISTORICAL ENERGY DATA
MPUC Docket No.PL-6668/CN-13-473 Section 7853.0510 Page 1 The section contains trade secret and privileged information that has been excised from the Certificate of Need Application available to the public.
More informationOpportunities and Challenges in the Energy Infrastructure Industry. Louisiana State University Energy Summit
Opportunities and Challenges in the Energy Infrastructure Industry Louisiana State University Energy Summit 1 Kinder Morgan Overview Kinder Morgan is the largest midstream and the third largest energy
More informationEarl J. Crochet, P.E. Director Kinder Morgan Terminals Shale Oil & Gas You Ain t Seen Nothing Yet! September 26, 2013
Earl J. Crochet, P.E. Director Kinder Morgan Terminals Shale Oil & Gas You Ain t Seen Nothing Yet! September 26, 2013 Disclaimer The views, opinions, and conclusions expressed today are those of the presenter
More informationSTATUS OF INFRASTRUCTURE RELATED TO CRUDE OIL TRANSPORTATION IN THE GREAT LAKES/ST. LAWRENCE RIVER REGION
STATUS OF INFRASTRUCTURE RELATED TO CRUDE OIL TRANSPORTATION IN THE GREAT LAKES/ST. LAWRENCE RIVER REGION Prepared for the Great Lakes Commission by Dr. Bradley Hull III, John Carroll University May 31,
More informationPick Your Poison For Crude -- Pipeline, Rail, Truck Or Boat - Forbes
Page 1 of 8 http://onforb.es/1lsyiqs James ConcaContributor I cover the underlying drivers of energy, technology and society. Opinions expressed by Forbes Contributors are their own. ENERGY 4/26/2014 @
More informationPresentation to Investors
Presentation to Investors September 2015 Rand Logistics, Inc. NASDAQ: RLOG Forward-Looking Statements This presentation contains forward-looking statements. For all forward-looking statements, we claim
More informationNorth American Crude By Rail Challenges and Growth Analysis
Logistics Engineering Supply Chain North American Crude By Rail Challenges and Growth Analysis Prepared for: Indianapolis, IN September 11, 2014 1 About PLG Consulting Boutique consulting firm with team
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation April 2013 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of
More informationIS THE AK LNG PROJECT THE ONLY VIABLE OPTION FOR THE NORTH SLOPE? The Administration says yes but reality says NO - there are other options
IS THE AK LNG PROJECT THE ONLY VIABLE OPTION FOR THE NORTH SLOPE? The Administration says yes but reality says NO - there are other options As a result of the August 24 th and 25 th Alaska Legislature
More information±230 ACRES AVAILABLE FOR SALE
±230 ACRES AVAILABLE FOR SALE HOUSTO AUSTI SA ATOIO CORPUS CHRISTI ROCKPORT TERMIALS LAD AVAILABLE FOR SALE OFFERIG AI Partners is pleased to exclusively offer a unique and strategically located ±230 acre
More informationESTIMATING THE COST OF PIPELINE TRANSPORTATION IN CANADA Eugène Karangwa, Transport Canada
ESTIMATING THE COST OF PIPELINE TRANSPORTATION IN CANADA, Transport Canada INTRODUCTION Pipeline transportation is an important sector in the Canadian economy. Canada is a major energy producer in the
More informationREFINING Portland, OR І Los Angeles, CA І Houston, TX І Denver, CO
OIL & GAS INDUSTRY: REFINING Portland, OR І Los Angeles, CA І Houston, TX І Denver, CO Norwest Engineering, a national-level engineering firm, has been providing consulting engineering and related services
More informationPipeline 101. Community Advisory Council to Flint Hills Resources Council Meeting December 11, 2006
Pipeline 101 Community Advisory Council to Flint Hills Resources Council Meeting December 11, 2006 Tonight s s discussion Pipeline Basics What pipelines do and; Their role in the economy and our lives
More informationNavios South American Logistics Inc. Company Presentation
Navios South American Logistics Inc. Company Presentation August 2013 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of
More informationRegulatory Framework for Natural Gas Storage in Pennsylvania and Tariff Development for Natural Gas Storage. May 14, 2008
Regulatory Framework for Natural Gas Storage in Pennsylvania and Tariff Development for Natural Gas Storage May 14, 2008 Presented by: Paul Metro Chief Engineer for Gas Safety Pennsylvania Public Utility
More informationJudy Hawley, Port Commission Chair
Judy Hawley, Port Commission Chair 1 OUR MISSION Mission: Leverage Commerce to Drive Prosperity. Vision: To Be the Energy Port of the Americas. WHO WE ARE 5 th Largest U.S. Port by tonnage 100,000,000
More informationUpgrading with a soft touch
Upgrading with a soft touch Canadian Heavy Oil Conference 4 November 2014 Agenda Heavy Oil Industry the market & its challenges Upgrading in Canada Fractal Systems JetShear Technology Commercializing JetShear
More informationNORTH AMERICAN NATURAL GASOLINE
NORTH AMERICAN & NATURAL GASOLINE Condensate Outlook KEY TAKEAWAYS NORTH AMERICAN NATURAL GASOLINE & Condensate Outlook Overview Only Contact BENTEK to subscribe. For more information about BENTEK's industry-leading
More informationScotia Howard Weil Energy Conference
Scotia Howard Weil Energy Conference Occidental Petroleum March 27, 2018 Vicki Hollub Chief Executive Officer Cautionary Statements Forward-Looking Statements This presentation contains forward-looking
More informationBunker Fuel Supply & Storage Managing the Logistical Challenges. Larry Taylor John McDonald
Bunker Fuel Supply & Storage Managing the Logistical Challenges Larry Taylor John McDonald Outline Definitions Today s presentation will discuss the logistic challenges Background information for the logistic
More informationStrathcona County. Living.Refined.
Strathcona County Living.Refined. Agenda What is Strathcona County? Strathcona County By The Numbers Alberta s Industrial Heartland Association Adding Value to Alberta Future Outlook Opportunities & Challenges
More informationCREDIT SUISSE FIRST BOSTON 18 th Annual Chemical Conference
CREDIT SUISSE FIRST BOSTON 18 th Annual Chemical Conference Dennis H. Reilley Chairman, President and CEO September 27, 2005 www.praxair.com-1- Forward Looking Statements The forward-looking statements
More informationShale Gas - Transforming Natural Gas Flows and Opportunities. Doug Bloom President, Spectra Energy Transmission West October 18, 2011
Fort Nelson Gas Plant, British Columbia Shale Gas - Transforming Natural Gas Flows and Opportunities Doug Bloom President, Spectra Energy Transmission West October 18, 2011 Natural Gas Golden Age Natural
More informationCommonwealth North Jim Harvey June 11, 2010
Commonwealth North Jim Harvey June 11, 2010 UniversalPegasus International Agenda Overview of UniversalPegasus What we do Gas Supply in US Pipeline Perspective Storage Projects UPI Experience GIS systems
More informationLouisiana Ports: The Industry that Drives all Others. Presented By: Paul G. Aucoin Executive Director, Port of South Louisiana
Louisiana Ports: The Industry that Drives all Others Presented By: Paul G. Aucoin Executive Director, Port of South Louisiana Ports Impact Every Region of LA 1. Central Louisiana Regional Port 2. Avoyelles
More informationExport Demand for Propane and Butane Platts 7 th Annual NGLs Conference
Export Demand for Propane and Butane Platts 7 th Annual NGLs Conference October 31, 2017 Forward - Looking Information This presentation contains forward-looking statements and forward-looking information
More informationKeystone Projects Overview
Keystone Projects Overview TransCanada Assets Wholly Owned Natural Gas Pipeline Partially Owned Natural Gas Pipeline Natural Gas Pipeline Under Construction Natural Gas Pipeline In Development Natural
More informationLNG as a marine fuel in BC. West Coast Marine LNG Workshop 26 th June 2012
LNG as a marine fuel in BC West Coast Marine LNG Workshop 26 th June 2012 LNG as a Marine Fuel» Marpol Annex VI - Emissions Legislation ECA s commence in 2015 Global sulphur cap in 2020 / 2025 Potential
More informationGOVERNORS POLICY FORUM ON SHALE ENERGY DEVELOPMENT
GOVERNORS POLICY FORUM ON SHALE ENERGY DEVELOPMENT September 9-10, 2013 Broomfield, Colorado Presented By: John Morton, Senior Vice President HDR Engineering, Inc. Lower 48 Shale Plays OURCE: EIA, BASED
More informationIndustrial Property Trends
Industrial Property Trends May 7, 2018 Lang Williams, SIOR Senior Vice President CBRE Hampton Roads 1 AGENDA SUPPLY CHAIN DYNAMICS ECONOMIC CYCLE & U.S. LOGISTCS MARKET INDUSTRIAL REAL ESTATE INVESTOR
More informationUS Hydrocarbon Exports Presented by
September 12, 2017 Luncheon US Hydrocarbon Exports Presented by Tom Seng Assistant Professor Crude Oil Prices 2 Oil Prices Over the Past Year 3 Natural Gas Prices 4 Natural Gas Prices Over the Past Year
More informationBob Blocker Senior Vice President Sales and Customer Service American Commercial Lines
Indiana Logistics Summit October 17, 2012 Bob Blocker Senior Vice President Sales and Customer Service American Commercial Lines 2 American Commercial Lines A Leading Inland Barge Transportation Company
More informationEnabling Delek s Digital Transformation with the Enterprise Agreement (EA)
Enabling Delek s Digital Transformation with the Enterprise Agreement (EA) Frank Simmons VP, Refining Best Practices Bob Gonzales Dir. Training & Operational Excellence John Arney Process Information Coordinator
More informationQUICK FACTS. Building and Expanding a Commercial System to Run TransCanada s Keystone Pipeline TEKSYSTEMS GLOBAL SERVICES CUSTOMER SUCCESS STORIES
[Energy Services, Application Development] TEKSYSTEMS GLOBAL SERVICES CUSTOMER SUCCESS STORIES Client Profile Industry: Oil and gas Revenue: Approximately $4 billion Employees: 4,800 Geographic Presence:
More informationCrude: Resources, Regulations & Railcars Prepared for:
Logistics Engineering Supply Chain Crude: Resources, Regulations & Railcars Prepared for: June 17, 2014 About PLG Consulting Boutique consulting firm with team members throughout North America Established
More information141 FERC 61,017 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION
141 FERC 61,017 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Before Commissioners: Jon Wellinghoff, Chairman; Philip D. Moeller, John R. Norris, Cheryl A. LaFleur, and Tony T. Clark. Shell
More informationBIG. SHIFT TRAC Intermodal is leading change in the intermodal equipment sector by understanding its customers needs. COVER STORY TRAC Intermodal
TRAC is focused on providing customers with the right chassis, at the right place, in the right condition. Keith Lovetro, president and CEO BIG SHIFT is leading change in the intermodal equipment sector
More informationCrestwood Midstream Partners
Crestwood Midstream Partners Crude Oil Midstream Infrastructure...Trucks, Pipelines and Rail WY Oil and Gas Fair Brian Freed Vice President Crude Logistics brian.freed@crestwoodlp.com Sept 18, 2014 Forward
More informationUS West Coast Operations February 2009 Nearing 130 th Anniversary This Fall
US West Coast Operations February 2009 Nearing 130 th Anniversary This Fall Chevron Company Headquarters: San Ramon, California Worldwide Employees ~59,000 Heritage Companies Within Chevron Standard Oil
More informationTRANS MOUNTAIN PIPELINE ULC
Issue No. 6 Cancels Issue No. 5 TRANS MOUNTAIN PIPELINE ULC Service Standards Regarding the Transportation of Petroleum Issued: December 22, 2017 Effective: January 1, 2018 Issued By: Shipper Services
More informationCANADA TRANSPORTATION ACT REVIEW INITIAL SUBMISSION FOCUSED ON THE GRAIN INDUSTRY. Infrastructure, Efficiency, Transparency
CANADA TRANSPORTATION ACT REVIEW INITIAL SUBMISSION FOCUSED ON THE GRAIN INDUSTRY Infrastructure, Efficiency, Transparency December 31, 2014 Table of Contents Introduction and context... 2 Executive summary...
More information