Investor Presentation. EnerCom's The Oil & Gas Conference Denver, CO August 12, 2013
|
|
- Bertha Higgins
- 5 years ago
- Views:
Transcription
1 Investor Presentation EnerCom's The Oil & Gas Conference Denver, CO August 12, 2013
2 KEY INVESTMENT HIGHLIGHTS Extensive Inventory of Low-Risk, High-Return Drilling Opportunities Industry Leading Production and Reserve Growth Over 3,000 identified drilling locations in the sweet spot of the Marcellus Shale with rates of return that rival or exceed all of the top U.S. liquids plays at current commodity prices 25+ years of Marcellus inventory at current drilling levels Oil-focused initiative in the Eagle Ford Shale Increased 2013 production guidance range from 35% - 50% to 44% - 54% Midpoint of 2013 guidance implies a three-year production CAGR of 45% 2012 proved reserve growth of 27% for a three-year reserve CAGR of 23% Low Cost Structure Q per unit cash costs 1 of $1.36 per Mcfe 2012 all sources finding costs of $0.87 per Mcfe 2012 all sources Marcellus finding costs of $0.49 per Mcfe Strong Financial Position and Financial Flexibility $566 million of liquidity as of 6/30/2013 Net debt to adjusted capitalization ratio of 32% as of 6/30/2013 Approximately 65% hedged at the midpoint of 2013 production guidance 45 natural gas collar contracts for 2014 at a weighted average floor of $4.10 per Mcf 1 Excludes DD&A, exploration expense, stock-based compensation and pension termination expenses
3 ASSET OVERVIEW 2012 Year-End Proved Reserves: 3.8 Tcfe Q Production: Bcfe per day 2013E Drilling Activity: net wells Marcellus Shale ~200,000 net acres Current Rig Count: 6 (as of August 21, 2013) 2013E Drilling Activity: ~100 net wells Eagle Ford Shale / Pearsall Shale ~62,000 net Eagle Ford acres ~71,000 net Pearsall acres Current Rig Count: E Drilling Activity: ~45 net wells Marmaton Penn Lime ~70,000 net acres 2013E Drilling Activity: ~10 net wells
4 PROVEN TRACK RECORD OF PRODUCTION GROWTH Bcfe % 2013 Guidance: 44% - 54% (increased from 35%- 50%) Liquids (Net) Gas (Net) % E
5 AND RESERVE GROWTH 4.5? % % Tcfe % Liquids (Net) Gas (Net) E
6 SUPERIOR RESERVE REPLACEMENT AND FINDING COSTS 700% 600% 500% 400% 300% 200% 100% 0% Reserve Replacement Ratio 603% 390% 417% 255% $3.00 $2.26 All-Sources F&D Costs $2.00 $/Mcfe $1.00 $1.05 $1.21 $0.87 $
7 PEER LEADING PRODUCTION AND RESERVE GROWTH 42% Production Per Debt-Adjusted Share CAGR ( ) 30% 26% 24% 22% 17% 16% 15% 8% 8% 2% Peer median: 11% (0%) (2%) (3%) COG Peer A Peer B Peer C Peer D Peer E Peer F Peer G Peer H Peer I Peer J Peer K Peer L Peer M Peer N (9%) 18% 17% 15% 9% Reserves Per Debt-Adjusted Share CAGR ( ) 5% 4% 2% Peer median: (2%) (1%) (2%) (4%) (10%) (12%) (18%) (21%) COG Peer C Peer E Peer F Peer L Peer D Peer A Peer J Peer K Peer H Peer M Peer G Peer I Peer B Peer N Source: Cabot Oil & Gas, company filings Peer group includes: CXO, EQT, KWK, NBL, NFX, PXD, QEP, RRC, SM, SWN, UPL, WPX, XCO and XEC (36%)
8 DISCIPLINED CAPITAL SPENDING FOCUSED ON THE DRILL-BIT 2012 Capital Program: $979 million ($809 million net of JV and asset sales) Other 10% 2013 Capital Program: $1.1 billion - $1.2 billion Other 5% Eagle Ford / Marmaton / Pearsall 27% Eagle Ford / Marmaton / Pearsall 30% Marcellus 63% Marcellus 65% Production Equipment / Other 4% Land 9% Exploration 4% Production Equipment / Other 5% Land 5% Exploration 3% Drilling 83% Drilling 87%
9 INDUSTRY LEADING COST STRUCTURE Operating Transportation Taxes O/T Income G&A¹ Financing $2.50 $2.47 $0.57 $2.12 $ / Mcfe $2.00 $1.50 $1.00 $0.50 $0.00 $0.42 $0.43 $0.13 $0.91 $0.52 $0.40 $0.29 $0.15 $0.15 $0.76 $1.76 $0.38 $0.27 $0.39 $0.57 $1.67 $0.26 $0.25 $0.18 $0.54 $ $1.60 $0.15 $0.20 $0.15 $0.20 $0.10 $0.20 $0.50 $0.60 $0.44 $0.30 $ E 1 Excludes stock-based compensation and pension termination expenses
10 USE OF PROCEEDS FOR POTENTIAL FREE CASH FLOW IN 2014 Broker Estimate Range: $1,190mm $1,548mm Average: $1,342mm $34mm $75mm Implied Free Cash Flow: $278mm Broker Estimate Range: $1,477mm $1,981mm Average: $1,729mm 2014E Capital Expenditures¹ Current Regular Dividend (Recently increased by 100% effective August 2013) Estimated Capital Commitment for Constitution Pipeline Implied 2014 Free Cash Flow 2014E Cash Flow¹ Average 2014 Henry Hub / WTI Broker Estimates: $4.01 per Mmbtu / $92.00 per Bbl Acceleration of Marcellus Drilling Program Dividend Policy (Increase Regular Dividend / Share Buybacks / Special Dividend) Acceleration of Eagle Ford Drilling Program Pay Down Revolver Borrowings 1 Based on broker consensus estimates as of August 7, 2013; cash flow estimates based on consensus cash flow per share estimates multiplied by current outstanding share count
11 MARCELLUS SHALE
12 CABOT MARCELLUS SUMMARY Rig Count: 6 (as of August 21, 2013) Wells Producing: 226 H, 39 V WOPL: 10 wells (245 Stages) Completing: 14 wells (266 Stages) WOC: 15 wells (347 Stages) 2 wells (37 stages) IP rate: 51.2 Mmcf/d 2 wells (27 stages) IP rate: 34.8 Mmcf/d Cumulative Production 8+ BCF 7-8 BCF 6-7 BCF 5-6 BCF 4-5 BCF 3-4 BCF Zick Pad Reilly Pad 2-3 BCF Bare Earth LiDAR with Aerial photo, Township Lines, Cabot Wells and Acreage ~ 3 Miles
13 EVOLUTION OF CABOT S MARCELLUS PROGRAM and beyond 13% HBP Reduced stage spacing from 300 ft. to 250 ft. Divested midstream assets 44 producing Hz wells 29% HBP Drilling days reduced Reduced completion cost per stage 107 producing Hz wells 43% HBP Implemented 200 ft. stage spacing Tested Upper Marcellus Tested downspacing De-risked eastern edge of our acreage position 185 producing Hz wells Expected to be 60% HBP by year-end 2013 Transition into development mode (improved efficiencies / reduced costs) Additional testing of Upper Marcellus Additional downspacing testing Mmcfpd Gross Marcellus Daily Production 1,100 1, Dec-09 Dec-10 Dec-11 Dec-12
14 CONTINUED PERFORMANCE IMPROVEMENTS IN THE MARCELLUS Horizontal Length Average IP and 30-Day Rate Thousand Ft Mmcfpd Average Number of Stages EUR Stages Bcf Number of wells: , , , , Note: Data excludes wells drilled in the northern portion of our acreage position
15 MARCELLUS OPERATING EFFICIENCIES Drilling Days to TD Days Record of 8 days YTD Completion Cost Per Stage 1 $000s Per Stage $200 $150 $100 $50 $165 $150 $105 <$90 $ YTD 1 Pressure pumping costs only
16 CABOT MARCELLUS ECONOMICS Typical Well IRR Sensitivity $6.5 million D&C $6.0 million D&C BTAX %IRR 200% 175% 150% 125% 100% 75% 50% 195% 150% 170% 115% 130% 80% 100% 70% $3.00 $3.50 $4.00 $4.50 Henry Hub ($ / Mmbtu) Typical Well Parameters (Based on 2012 Program) EUR: 14.1 Bcf IP Rate: 17.4 Mmcfpd Lateral Length: 4,100 Average Working Interest: 100% Average Revenue Interest: 85% Gas Price Differential: NYMEX less $0.05 per Mmbtu Number of Stages Per Well: 18
17 COG MARCELLUS MARKETING STRATEGY Diversifying on Multiple Pipelines Firm Transportation Arrangements Long-Term Sales Agreements (Firm Sales) Investing in New Pipeline Projects Opportunistic Hedging Program
18 INTERSTATE PIPELINE MARKETS NY Canada Iroquois VT NH TGP 200 Line Constitution MA Boston Laser Millennium CT RI TGP 300 Line Hartford Springville Susquehanna County Long Island Transco Charlotte PA NJ New York City Current Markets Tennessee Gas Pipeline (300) Transco Gas Pipeline Millennium Gas Pipeline 2015 Market Additions Iroquois Pipeline Tennessee Gas Pipeline (200) TransCanada Pipeline (via Iroquois)
19 FIRM TRANSPORTATION AND LONG-TERM SALES CONTRACTS Firm Transportation Contracts 2013 (current) 325 Mmcf per day 2014 (current / target) 325 Mmcf per day / 450 Mmcf per day 2015 (current / target)*** 875 Mmcf per day / 1 Bcf per day ***The increase from 2014 to 2015 includes 500 Mmcf/d of firm capacity associated with Constitution Pipeline Firm transportation contracts include volumes COG moves under its own firm capacity Targeted firm transportation volumes are subject to closing on agreements COG is currently negotiating 100% of COG s volumes are gathered under a long-term firm agreement Long-Term Sales Contracts (8-15 years in duration) 2013 (current) 325 Mmcf per day Mmcf per day Mmcf per day Long-term sales contracts include volumes COG moves under its customers firm capacity Long-term sales contract volumes will change going forward as new opportunities become available
20 INFRASTRUCTURE UPDATE Maximum Interstate Delivery Capacity Compression, Dehydration & Measurement Capacity Year-end 2013 Year-end 2014 Year-end Bcf per day 3.4 Bcf per day 3.7 Bcf per day Note: Capacity volumes above are indicative deliverability estimates for facilities that are in place or planned for those periods; these are not production estimates.
21 Index 2013 MARCELLUS SALES BY INDEX AND UNHEDGED REALIZED PRICING COG 2013 Marcellus Sales By Index % of COG 2013 Marcellus Sales NYMEX 65% Dominion Transmission*** 19% Columbia Gas Transmission 11% Other 5% ***Approximately 70% of the volumes sold at Dominion Transmission pricing are hedged through 2013 Period COG Unhedged Realized Marcellus Pricing Differential to NYMEX ($/Mcf) Q ($0.01) Q $0.01 July 2013 ($0.15) Estimated August December 2013 ($ $0.15)
22 EAGLE FORD SHALE
23 EAGLE FORD SHALE SUMMARY ~62,000 net acres Current operated rig count: 2 Added a second rig in late July that will focus solely on multi-well pad development (3 6 wells per pad) Operated wells producing: 50 Operated wells currently drilling: 2 Operating wells completing: 2 Average completed well cost: ~$6.5mm Multi-well pad drilling expected to reduce well costs by $500,000 - $600,000 per well 400 down-spacing results continue to reinforce the concept, resulting in ~500 identified undrilled locations remaining in COG s 100% owned and operated Buckhorn area Recently completed an extended lateral well (8,000 +) with a 24-hour peak rate of ~1,130 Boepd and a 120-day rate of ~1,100 Boepd Days Boepd 1, Peak 24-Hour Rate and 30-Day Rate Program Average Last 6 Wells Drilling Days to TD Q Q2 2013
24 SIMPLE GROWTH STORY 3,000+ Locations in the Sweet Spot of the Marcellus Shale Implying 25+ Years of Inventory at Current Drilling Levels Currently Producing 1.2 Bcf/d of Gross Marcellus Production From Only 8% of Our Identified Locations Transitioning From Acreage Capture to Efficient Pad Development in 2014 Cash Flow Neutral Investment Program in 2013 While Growing Production 44% to 54%
25 Thank you The statements regarding future financial performance and results and the other statements which are not historical facts contained in this presentation are forward-looking statements that involve risks and uncertainties, including, but not limited to, market factors, the market price of natural gas and oil, results of future drilling and marketing activity, future production and costs, and other factors detailed in the Company s Securities and Exchange Commission filings.
Investor Presentation. Tuohy Brothers 4th Annual Energy Conference New York City August 5, 2013
Investor Presentation Tuohy Brothers 4th Annual Energy Conference New York City August 5, 2013 KEY INVESTMENT HIGHLIGHTS Extensive Inventory of Low-Risk, High-Return Drilling Opportunities Industry Leading
More informationNGA 2015 Regional Market Trends Forum
NGA 2015 Regional Market Trends Forum April 23, 2015 Hartford, Connecticut Perspective of an Independent E & P Company Jim Tramuto Vice President Governmental & Regulatory Strategies About Southwestern
More informationForward Looking Statements
December 8 10, 2009 Forward Looking Statements This document contains forward-looking statements. All statements other than statements of historical facts included in this document, including but not limited
More informationFebruary 2018 NYSE:CRK
February 2018 NYSE:CRK This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking
More informationQuestar Corporation A NATURAL GAS-FOCUSED ENERGY COMPANY. Third Annual Citi Power, Gas and Utilities Conference
Questar Corporation A NATURAL GAS-FOCUSED ENERGY COMPANY Third Annual Citi Power, Gas and Utilities Conference Keith O. Rattie Chairman, President and CEO Stephen E. Parks Senior Vice President and CFO
More informationEarnings Call Slides 3Q18. November 2018
Earnings Call Slides 3Q18 This presentation has been prepared by Goodrich Petroleum Corporation (the Company ) solely for information purposes and may include "forwardlooking statements" within the meaning
More informationMarch 2011 Investor Presentation. The leading diversified fuel producer in the Eastern U.S.
March 2011 Investor Presentation The leading diversified fuel producer in the Eastern U.S. Cautionary Language This presentation contains statements, estimates and projections which are forward-looking
More informationQuestar Corporation. East Coast Analyst Meetings A NATURAL GAS-FOCUSED ENERGY COMPANY. Boston and New York City June 10-11, 2008
Questar Corporation A NATURAL GAS-FOCUSED ENERGY COMPANY East Coast Analyst Meetings Boston and New York City June 10-11, 2008 Questar is a natural gas-focused energy company Net income contribution TTM
More informationManagement Presentation and Haynesville Shale Overview 3Q17 Earnings Call. November 2017
Management Presentation and Haynesville Shale Overview 3Q17 Earnings Call This presentation has been prepared by Goodrich Petroleum Corporation (the Company ) solely for information purposes and may include
More informationCONSOL Energy Inc. May 2011 Investor Presentation
CONSOL Energy Inc. May 2011 Investor Presentation Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E of
More informationNatural Gas Market Conditions; & Gas & Power In New England
March 13, 2013 Nashua, NH Natural Gas Market Conditions; & Gas & Power In New England Presentation to: Consumer Liaison Working Group Stephen Leahy Northeast Gas Association Topics The Best of Times: natural
More informationCentral Arkansas Vendor Forum. Conway Expo Center July 10 th, All
Central Arkansas Vendor Forum Conway Expo Center July 10 th, 2014 All Leading Energy 1 Welcome Toni Freeman All A Message From Our CEO My wish for all of our futures is that we follow these leaders and
More informationThe Appalachian Basin
The Appalachian Basin Jason Hamil Director of U.S. Natural Gas Projects Forward-Looking Information This presentation includes certain forward looking information to help current and potential investors
More informationNatural Gas Market Conditions in New England
December 11, 2013 Manchester, NH Natural Gas Market Conditions in New England Presentation to: New Hampshire Business & Industry Association Annual Energy Seminar Stephen Leahy Northeast Gas Association
More informationThe Woodford Shale. Presenter Name: Sam Langford
The Woodford Shale Presenter Name: Sam Langford Woodford Agenda Background & History Development Plan Summary Pilots Results Reserves CAPEX Type Well Economics NAV Model Results Looking Forward Background
More informationRex Energy. Corporate Presentation. June Responsible Development of America s Energy Resources
Rex Energy Corporate Presentation June 2014 Responsible Development of America s Energy Resources Rex Energy Corporation 366 Walker Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286 E:
More informationBank of America 2008 Energy Conference Bank of America Energy Conference
Bank of America 2008 Energy Conference 0 Forward Looking Statements This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
More informationManagement Presentation
NYSE American: GDP Management Presentation This presentation has been prepared by Goodrich Petroleum Corporation (the Company ) solely for information purposes and may include "forwardlooking statements"
More informationAlbany, NY December 1, Natural Gas Outlook. Presentation to: Northeast Power Coordinating Council (NPCC) General Meeting
Albany, NY December 1, 2010 Natural Gas Outlook Presentation to: Northeast Power Coordinating Council (NPCC) General Meeting Stephen Leahy Northeast Gas Association Topics Gas Market Conditions Gas Supply
More informationDJ Basin. Dan Kelly Vice President Wattenberg
DJ Basin Dan Kelly Vice President Wattenberg NBL Leading the Way Wattenberg and Northern Colorado Premier Oil Play that Compares Favorably to Other Plays Net Resources Dramatically Increased to 2.1 BBoe
More informationWe ve Seen This Movie Before
The Dynamic Energy Landscape: Natural Gas in the U.S. We ve Seen This Movie Before October 26, 2015 Production of Natural Gas, NGLs & Crude Oil Bcf/d 75 70 65 60 55 50 U.S. Lower 48 Dry Gas Production
More informationThe Mighty Marcellus AADE OKC Presentation January 19, 2010
The Mighty Marcellus AADE OKC Presentation January 19, 2010 Range Resources Corporation l January 19, 2011 l 1 Forward-Looking Statements Statements concerning future capital expenditures, production volumes,
More information2010 Annual Winter Reliability Assessment Meeting November 4, Carlos Thillet Manager Gas Supply and Transportation PECO Energy Company
Pennsylvania Public Utility Commission 2010 Annual Winter Reliability Assessment Meeting November 4, 2010 Carlos Thillet Manager Gas Supply and Transportation PECO Energy Company 2010-11 Reliability Overview
More informationNew Jersey Natural Gas Market Update
March 25, 2015 Mullica Hill, NJ New Jersey Natural Gas Market Update Presentation to: SNJDC Natural Gas Seminar Tom Kiley Northeast Gas Association Issues Regional Market Developments New Jersey Gas Market
More informationPLANNED ENHANCEMENTS, NORTHEAST NATURAL GAS PIPELINE SYSTEMS (as of )
PIPELINE SYSTEMS (as of 9-22-17) The Northeast Gas Association (NGA) has prepared this summary based on publicly-available information. NGA will strive to keep the information as updated as possible and
More informationTHE MARCELLUS SHALE LEARNING CURVE: RESULTS AND CHALLENGES
THE MARCELLUS SHALE LEARNING CURVE: RESULTS AND CHALLENGES Hart Energy Publishing Pittsburgh, PA October 19, 2009 Evaluating Eastern Shales is nothing new to us at Wright & Company, Inc. UNCONVENTIONAL
More informationEnerCom s London Oil & Gas Conference. June 16, 2011
EnerCom s London Oil & Gas Conference June 16, 2011 2 Forward Looking Statements Certain statements in this presentation regarding future expectations and plans for future activities may be regarded as
More informationPLANNED ENHANCEMENTS, NORTHEAST NATURAL GAS PIPELINE SYSTEMS (as of )
PIPELINE SYSTEMS (as of 8-4-16) The Northeast Gas Association (NGA) has prepared this summary based on publicly-available information. NGA will strive to keep the information as updated as possible and
More informationOutlook for the Upstream Sector of the Oil and Gas Industry
Outlook for the Upstream Sector of the Oil and Gas Industry VMA Market Outlook Workshop Chicago, IL Spears & Associates Tulsa, OK August 2015 Million bbls/day 3.5 World Oil Demand Growth/US Oil Supply
More informationDUAL PLENARY SESSION: FUTURE OUTLOOK FOR OIL & GAS PRODUCTION. North American Natural Gas Outlook
DUAL PLENARY SESSION: FUTURE OUTLOOK FOR OIL & GAS PRODUCTION United States Association for Energy Economics North American Natural Gas Outlook November 5, 212 R. Dean Foreman, Ph.D. Chief Economist Talisman
More informationNovember 9, 2011 Harrisburg, PA
Pennsylvania Public Utility Commission Annual Winter Reliability Assessment Meeting Remarks by Terrance J. Fitzpatrick President & Chief Executive Officer Energy Association of Pennsylvania November 9,
More informationENCANA CORPORATION. Eagle Ford. Eric T. Greager Vice-President & General Manager, Western Operating Area
ENCANA CORPORATION Eagle Ford Eric T. Greager Vice-President & General Manager, Western Operating Area EAGLE FORD Core Position in the Oil Window Largely contiguous position in the Karnes Trough Most active
More informationPennEnergy Resources. DUG East Richard D. Weber Chairman and CEO. June 22, 2016
PennEnergy Resources DUG East 2016 Richard D. Weber Chairman and CEO June 22, 2016 Extending the Core of the Marcellus to the North of Pittsburgh 2016 DUG East PennEnergy Resources Founded in 2011 Rich
More informationRex Energy. Corporate Presentation. December Responsible Development of America s Energy Resources
Rex Energy Corporate Presentation December 2012 Responsible Development of America s Energy Resources Rex Energy Corporation 476 Rolling Ridge Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286
More informationInfrastructure Fundamentals in Shale Rich Ohio
Infrastructure Fundamentals in Shale Rich Ohio Tony Blando Vice President - Marketing NiSource Midstream OGA 2014 Market Conditions Conference July 15, 2014 Columbus, Ohio A New and Dynamic Industry A
More informationPLANNED ENHANCEMENTS, NORTHEAST NATURAL GAS PIPELINE SYSTEMS (as of )
PIPELINE SYSTEMS (as of 5-4-18) The Northeast Gas Association (NGA) has prepared this summary based on publicly-available information. NGA will strive to keep the information as updated as possible and
More informationThe New Encana: the clear energy choice. USA Division HAYNESVILLE SHALE & EAST TEXAS Danny Dickerson, Team Lead, East Texas & North Texas
The New Encana: the clear energy choice USA Division HAYNESVILLE SHALE & EAST TEXAS Danny Dickerson, Team Lead, East Texas & North Texas Haynesville Shale, East Texas, Fort Worth Haynesville Shale Advancing
More informationSHALE DEVELOPMENT TRENDS AND IMPLICATIONS ON VALVE NEEDS JOHN D. SELDENRUST, VICE PRESIDENT-ENGINEERING & CONSTRUCTION
SHALE DEVELOPMENT TRENDS AND IMPLICATIONS ON VALVE NEEDS JOHN D. SELDENRUST, VICE PRESIDENT-ENGINEERING & CONSTRUCTION WHAT IS UNCONVENTIONAL GAS? Gas that is more difficult or less economical to extract
More informationNatural Gas. Tuesday, May 1, 2012; 4:00 PM 5:15 PM
Natural Gas Tuesday, May 1, 2012; 4:00 PM 5:15 PM Moderator: Joel Kurtzman, Senior Fellow and Executive Director of the Center for Accelerating Energy Solutions, Milken Institute Speakers: Ralph Eads,
More informationEastern Mediterranean
Eastern Mediterranean Rodney Cook SVP International Susan Cunningham SVP Exploration Eastern Mediterranean World-class potential Best-in-class Operating Reliability Leading Operated Position in the Levantine
More informationNEXUS Gas Transmission
NEXUS Gas Transmission Bringing New Supplies to Market Ohio Manufacturers Association - October 2012 Agenda Project Introduction Utica and Marcellus Gas Supply Michigan and Ontario Markets Conclusion &
More informationProduct Overview PetroNerds, LLC PetroNerds LLC
Product Overview 2017 PetroNerds, LLC Platform Components Access to the HedgeAware interactive dashboard Available on PC web browsers and on Android and ios devices via the Power BI app. Data is updated
More informationAugust 19, EnerCom Conference Rick Muncrief President & CEO, WPX Energy
August 19, 2014 EnerCom Conference Rick Muncrief President & CEO, WPX Energy WPX Portfolio Today Piceance Williston San Juan Appalachia Powder River Apco 1 3,019 Bcfe Proved 11,878 Bcfe 3P 221,186 Net
More informationPLANNED ENHANCEMENTS, NORTHEAST NATURAL GAS PIPELINE SYSTEMS (as of )
PIPELINE SYSTEMS (as of 1-22-18) The Northeast Gas Association (NGA) has prepared this summary based on publicly-available information. NGA will strive to keep the information as updated as possible and
More informationDTE Energy Non-Utility Businesses
DTE Energy Non-Utility Businesses Presentation to the City of Escanaba s EAC April 28, 2009 Who is DTE Energy? DTE Energy Co. (NYSE: DTE) is a diversified energy company involved in the development and
More informationPLANNED ENHANCEMENTS, NORTHEAST NATURAL GAS PIPELINE SYSTEMS (as of )
PIPELINE SYSTEMS (as of 1-2-19) The Northeast Gas Association (NGA) has prepared this summary based on publicly-available information. NGA will strive to keep the information as updated as possible and
More informationVALUE RICH SMALL CAP FINANCIAL EXPO. MIAMI, FLORIDA
ASX ANNOUNCEMENT VALUE RICH SMALL CAP FINANCIAL EXPO. MIAMI, FLORIDA 27 March 2007 Samson Oil & Gas Limited s Managing Director, Terry Barr, is presenting to delegates attending the Value Rich Small Cap
More informationSustainability of Wolfcamp Development Water Recycling and Maximizing Infrastructure
Sustainability of Wolfcamp Development Water Recycling and Maximizing Infrastructure J. Ross Craft Chairman and Chief Executive Officer Approach Resources Inc. Executive Oil Conference Water Forum November
More informationTennessee Gas Pipeline Co, L.L.C. Northeast Energy and Commerce Association September 27, 2012
Tennessee Gas Pipeline Co, L.L.C. Northeast Energy and Commerce Association September 27, 2012 The Kinder Morgan System 4 th largest energy company in North America Enterprise value ~ $95 billion Largest
More information2016/17 Natural Gas Outlook
December 7, 2016 Montreal, Quebec 2016/17 Natural Gas Outlook The Northeast Power Coordinating Council General Meeting Stephen Leahy Northeast Gas Association 1. About NGA Non-profit trade association
More informationGOVERNOR S ENERGY SUMMIT
GOVERNOR S ENERGY SUMMIT Current State of the Natural Gas Industry From the West Virginia Producers Perspective Charlie Burd, Executive Director October 18, 2017 Independent Oil and Gas Association of
More informationExpanding Existing Pipeline Capacity to Meet New England s Energy Needs. Mike Dirrane Director, Marketing
Expanding Existing Pipeline Capacity to Meet New England s Energy Needs Mike Dirrane Director, Marketing January 27, 2015 Spectra Energy s Portfolio of Assets Based in Houston, TX with operations in 30
More informationOxy Permian Tour Driving Value in the Permian September 20, 2017
Oxy Permian Tour Driving Value in the Permian September 20, 2017 Cautionary Statements Forward-Looking Statements Portions of this presentation contain forward-looking statements and involve risks and
More informationPlatts NGLs Conference. September 24, 2013
Platts NGLs Conference September 24, 2013 Agenda 2013 - Executing the Plan 2014 Responding to Delineation Results 2015 Major Ramp Up 2016 Utica to Reach 50% of Marcellus Wet Conclusions 1 Executing the
More informationIs New England Over-Reliant On Natural Gas?
May 21, 2013 Groton, CT Is New England Over-Reliant On Natural Gas? Presentation to: Northeast Energy & Commerce Association Annual Energy Conference Thomas M. Kiley Northeast Gas Association NO but let
More informationWill The Plays Be Commercial? Impact on Natural Gas Price
North American Shale Gas Will The Plays Be Commercial? Impact on Natural Gas Price Arthur E. Berman Slide 1 Natural Gas Prices Natural gas prices will increase over the next 12-24 months to meet the marginal
More informationUtica Point Pleasant Play - Range s View on a Key Appalachian Basin Unconventional Target & Plans for Future Development
Utica Point Pleasant Play - Range s View on a Key Appalachian Basin Unconventional Target & Plans for Future Development STRH 5 th Utica Shale Mini Conference November 14, 2013 Forward-Looking Statements
More informationOctober 23, 2018 Harrisburg, PA
Pennsylvania Public Utility Commission Annual Winter Reliability Assessment Terrance J. Fitzpatrick President & Chief Executive Officer Energy Association of Pennsylvania October 23, 2018 Harrisburg, PA
More informationGas Infrastructure and Deliverability in New England
Understanding Our Energy Distribution Systems: Gas Infrastructure and Deliverability in New England Richard Levitan, rll@levitan.com March 5, 214 Agenda Price Discovery During the Polar Vortex New England
More informationForward Looking Statements
IPAA OGIS NEW YORK IPAA OGIS NEW YORK April 11, 2011 Forward Looking Statements This presentation contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as
More informationNORTHERN UTILITIES, INC. NEW HAMPSHIRE DIVISION ANNUAL COST OF GAS ADJUSTMENT FILING PREFILED TESTIMONY OF FRANCIS X.
NORTHERN UTILITIES, INC. NEW HAMPSHIRE DIVISION ANNUAL 0-0 COST OF GAS ADJUSTMENT FILING PREFILED TESTIMONY OF FRANCIS X. WELLS Prefiled Testimony of Francis X. Wells Annual 0-0 COG Filing Page of I. INTRODUCTION
More informationDan Kelly. June 14, 2013
Dan Kelly June 14, 2013 2 Forward-looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning of the federal securities law. Words such as
More informationThe Energy Consortium Recent Developments and the Outlook for Natural Gas in the Northeast. John R. Bitler October 20, 2010
The Energy Consortium Recent Developments and the Outlook for Natural Gas in the Northeast John R. Bitler October 20, 2010 Northeast Overview Traditional Sources of Supply Gulf Coast Western Canada (WCSB)
More informationBakken Shale: Evolution of a Giant Oil Field
Continental Resources Inc. Bakken Shale: Evolution of a Giant Oil Field Jack Stark Sr. VP Exploration Feb.16, 2011 Continental Resources Highlights #3 largest oil producer in the Rockies 310MM boe proved
More informationScotia Capital Tight Oil Waterflood Conference
Uniquely positioned to deliver top tier performance Scotia Capital Tight Oil Conference January 2012 TSX:SGY Forward-Looking Statements Advisory This presentation contains forward-looking statements. More
More informationUGI ENERGY SERVICES, INC.
UGI ENERGY SERVICES, INC. Peter Terranova Vice President, Midstream Assets & Services May 13, 2011 UGI Corporation UGI Corporation Propane Majority interest in AmeriGas (largest domestic retail propane
More informationCORPORATE PRESENTATION. February 2015
CORPORATE PRESENTATION February 2015 Forward Looking Information This document contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The
More informationGoing through Another Cycle
Global Rig Count Down 5 Since Nov ; Recent Uptick Driven by North America Capital spending cut significantly IEA: $583 billion upstream (25% less than ) IEA: Further 24% drop expected in 216 Going through
More informationNatural Gas Issues and Emerging Trends for the Upcoming Winter and Beyond
Natural Gas Issues and Emerging Trends for the Upcoming Winter and Beyond 2013 NASEO WINTER ENERGY OUTLOOK CONFERENCE November 1, 2013 Kevin Petak Vice President, ICF International Kevin.Petak@icfi.com
More informationHealth, Safety, and Environmental Building Collaboration and Culture
Health, Safety, and Environmental Building Collaboration and Culture AGI Critical Issues Forum Fort Worth, TX November 19 20, 2014 Doug Jordan Director, Corporate Environmental Programs Forward-Looking
More informationNORTHEAST GAS MIDSTREAM
NORTHEAST GAS MIDSTREAM PREVIEW FundamentalEdge February 2018 learn more at drillinginfo.com Contents This is a PREVIEW of a 15+ Page Report Introduction and Key Takeaways 3 Northeast Gas Midstream 4 Production
More informationSHALE GAS INVENTORY: PROBLEM OR OPPORTUNITY? WHY INVESTORS ARE WRONG ABOUT LONG-TERM NATURAL GAS FUNDAMENTALS
SHALE GAS INVENTORY: PROBLEM OR OPPORTUNITY? WHY INVESTORS ARE WRONG ABOUT LONG-TERM NATURAL GAS FUNDAMENTALS WHITE PAPER SERIES March 219 Executive Summary Natural gas and renewables represent the long-term
More informationSpectra Energy: Moving Ahead, Gaining Momentum
8 th ANNUAL PLATTS PIPELINE EXPANSION & DEVELOPMENT CONFERENCE HOUSTON, TX SEPTEMBER 17, 2013 Spectra Energy: Greg Crisp Director, Business Development Safe Harbor Statement Some of the statements in this
More informationAADE Symposium 2011 Haynesville Shale. Presented by James R. Redfearn Vice President Drilling & Completions Mid Continent Region January 19, 2011
AADE Symposium 211 Haynesville Shale Presented by James R. Redfearn Vice President Drilling & Completions Mid Continent Region January 19, 211 1 Forward Looking Statements This communication contains forward-looking
More informationOutlook for the Oil and Gas Industry
Outlook for the Oil and Gas Industry VMA Market Outlook Workshop Boston, MA Spears& Associates Tulsa, OK August 2017 1 Outlook for the Oil and Gas Industry: Market Drivers Global oil consumption is forecast
More informationUNDERSTANDING NATURAL GAS MARKETS. Mohammad Naserifard MSc student of Oil & Gas Economics at PUT Fall 2015
UNDERSTANDING NATURAL GAS MARKETS Mohammad Naserifard MSc student of Oil & Gas Economics at PUT Fall 2015 Table of Contents 3 Overview Natural Gas is an Important Source of Energy for the United States.
More informationENCANA CORPORATION. Operational Excellence. Michael McAllister. Executive Vice President & Chief Operating Officer
ENCANA CORPORATION Operational Excellence Michael McAllister Executive Vice President & Chief Operating Officer ENCANA Delivering Quality Corporate Returns North American leader in: Generating free cash
More informationBy Bob Hugman and Harry Vidas
WHITE PAPER Oklahoma: A Major Player for Future Hydrocarbon Production By Bob Hugman and Harry Vidas Bottom Line 1. Despite sharp drilling activity declines over the past year in most areas of the country,
More informationSpectra Energy - Infrastructure Expansion Solutions
Maine International Trade Center Canada Day Program Spectra Energy - Infrastructure Expansion Solutions Greg Crisp General Manager, Business Development March 26, 2015 Safe Harbor Statement Some of the
More informationBerry Petroleum Company >>>
1 Berry Petroleum Company >>> Lehman Brothers CEO Energy Conference Presented by Robert F. Heinemann President and Chief Executive Officer September 6, 2006 Safe Harbor Statement Safe harbor under the
More informationBrad Hall Midstream & Marketing
Brad Hall Midstream & Marketing October 17, 2012 Overview Lines of Business Marketing Generation Midstream Natural Gas >100 Bcf > 30,000 locations 33 LDCs Power > 2 MM MWhrs > 10,000 locations 19 EDCs
More informationRegional Gas Market Update
April 26, 2018 Milford, MA Regional Gas Market Update Presentation to: ISO-NE Planning Advisory Committee Tom Kiley Northeast Gas Association 1 Topic Areas Natural gas safety message. Recent market growth,
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 informationCenterPoint Energy Services. Current Market Fundamentals June 27, 2013
CenterPoint Energy Services Current Market Fundamentals June 27, 2013 CenterPoint Energy is one of the largest combined electric and natural gas delivery companies in the U.S. Asset portfolio CNP Footprint
More informationEOG_South Texas Eagle Ford-1
EOG_South Texas Eagle Ford-1 Copyright; Assumption of Risk: Copyright 2010. This presentation and the contents of this presentation have been copyrighted by EOG Resources, Inc. All rights reserved. Copying
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationWhat s Going on With Energy? How Unconventional Oil & Gas Development is Impacting Renewables, Efficiency, Power Markets and All That Other Stuff
What s Going on With Energy? How Unconventional Oil & Gas Development is Impacting Renewables, Efficiency, Power Markets and All That Other Stuff Atlanta Economics Club Monthly Meeting December 10, 2012
More informationNatural Gas Pipeline Developments
October 12, 2012 Framingham, MA Natural Gas Pipeline Developments Presentation to: A&WMA-NES Fall 2012 Conference Stephen Leahy Northeast Gas Association Topics Pipeline trends in response to supply push
More informationNatural Gas Abundance: The Development of Shale Resource in North America
Natural Gas Abundance: The Development of Shale Resource in North America EBA Brown Bag Luncheon Bracewell & Giuliani Washington, D.C. February 6, 2013 Bruce B. Henning Vice President, Energy Regulatory
More informationMarcellus Shale. Bill Wince, Vice President Transportation & Business Development Chesapeake Energy Marketing, Inc.
Marcellus Shale Bill Wince, Vice President Transportation & Business Development Chesapeake Energy Marketing, Inc. CHK Overview The second largest producer of U.S. natural gas 4Q 09 natural gas production
More informationColorado Energy & Environmental Issues. Chris Hansen, PhD Senior Advisor, Janys Analytics Candidate, Colorado House of Representatives
Colorado Energy & Environmental Issues Chris Hansen, PhD Senior Advisor, Janys Analytics Candidate, Colorado House of Representatives Oil 2 Thousand Barrels per Day U.S. Crude Oil Production & Consumption,
More informationNational Fuel Gas Company. Fourth Quarter Fiscal 2017 Earnings Conference Call. November 3, 2017
National Fuel Gas Company Fourth Quarter Fiscal 2017 Earnings Conference Call November 3, 2017 C O R P O R A T E P A R T I C I P A N T S Brian Welsch, Director, Investor Relations Ronald Tanski, President
More informationTennessee Gas Pipeline. New Jersey Highlands Council April 16, 2009
Tennessee Gas Pipeline New Jersey Highlands Council April 16, 2009 Cautionary Statement Regarding Forward-looking Statements This presentation includes forward-looking statements and projections, made
More informationDirector TGP Facility Planning and Gas Control June 3, Prepared for the Harvard Electricity Policy Group
www.elpaso.com NYSE:EP Anders Johnson Director TGP Facility Planning and Gas Control June 3, 2011 Prepared for the Harvard Electricity Policy Group D E P E N D A B L E N A T U R A L G A S El Paso Corporation
More informationEnerCom's London Oil & Gas Conference 16 June 2011 London, England Danny D. Simmons
Overview of Shale Plays EnerCom's London Oil & Gas Conference 16 June 2011 London, England Danny D. Simmons Daily Gas Production (BCFD) Barnett Shale Historical Gas Production Rig Count 6.0 300 5.0 Gas
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 informationAssociation of Union Constructors Industry Leaders Forum Natural Gas Industry Update. December 14, 2017
Association of Union Constructors Industry Leaders Forum Natural Gas Industry Update December 14, 2017 David J. Spigelmyer President Marcellus Shale Coalition About MSC Our Membership 200+ diverse members
More informationQ OPERATIONS REPORT May 5, 2015
Q1 2015 OPERATIONS REPORT May 5, 2015 NYSE: DVN devonenergy.com Email: investor.relations@dvn.com Howard J. Thill Senior Vice President, Communications and Investor Relations 405 552 3693 Scott Coody Director,
More informationDTE Energy Barnett Shale Overview. April 6, 2006
DTE Energy Barnett Shale Overview April 6, 2006 Safe Harbor Statement The information contained herein is as of the date of this presentation. DTE Energy expressly disclaims any current intention to update
More informationOil & Gas Production Monitor
For Questions contact Matt Andre at ProductionGroup@bentekenergy.com Oil & Gas Production Rig Count This Month Last Month National 937 993 PADD I 46 48 71 76 Inside This Issue Marcellus Dry Pg. 9 North
More information