Howard Energy Partners. Howard Energy México. March 2016

Transcription

1 Howard Energy Partners Howard Energy México March 2016

2 Howard Energy Corporate Overview Howard Energy Partners ( HEP ) is a high growth midstream company with strategically located asset bases in South Texas, Pennsylvania, and Mexico. Asset Overview HEP Corporate Overview Corporate Headquarters San Antonio, Tx Founded June-11 Employees 185 Existing Investors % Ownership Alinda Capital Partners 59% Enlink Midstream 31% Management 10% Total 100% Business Segments South Texas G&P Liquids Transport & Processing HEP Mexico (Nueva Era Pipeline) Terminals, Storage & Rail Northeast Gathering South Texas Nat. Gas G&P Liquids Transport & Processing Northeast Gathering Gathering Pipelines (miles) 650 NGL Pipelines (miles) 55 Existing Gathering Pipe (miles) 100 Process Capacity (MMcfd) 200 Stabilizer Capacity (bbl/d) 10,000 Pipe Under-Construction (miles) 46 Compression (HP) 53,000 HEP Mexico (Nueve Era Pipeline) Terminals, Storage & Rail 200 miles 30" pipeline transporting nat. gas from Brownsville Storage (bbl) - Existing 225,000 South Texas to Monterrey, Mexico Brownsville Storage (bbl) - Expansion 300,000 Pipeline Capacity (MMcfd) 1,200 Live Oak Rail acre facility near Three Rivers, Tx GT Logistics acre rail & terminal facility near Port Arthur, Tx 2

3 Corporate Timeline HEP Business Initiatives Gathering & Processing Company Formed Acquired 280 miles of gathering pipeline from Clear Springs Energy Acquired Bottom Line Services (Eagle Ford focused midstream construction company) Equity funding provided by EnLink Midstream & Quanta Services Hiring of Brandon Seale Gas Supply Agreement to Mexico Signed a 200 MMcf/day gas supply agreement with MGI Supply Ltd. Company Re-Capitalization Alinda Capital Partners purchased capital interest from GE, Quanta and Clear Springs Energy Formation of Howard Energy Mexico Brownsville Terminal Expansion for PMI Began construction of 300K bbl fuel oil terminal Villa de Reyes Award by CFE of 25-year contract for 12-mile, 24 natural gas pipeline to Grupo SIMSA supported by HEP Liquids Stabilization Terminals & Rail Corporate / Other Mexico Operations Jun Apr Dec Jun Dec Mar Sep Oct Feb Mar Jul Aug Acquired Webb County gathering assets from Meritage Midstream 176 miles of gathering pipeline in Webb County Received additional equity investment from GE Energy Financial Services Formed Live Oak Rail Partners Purchased ~260 acres of land for the Live Oak Rail Facility and broke ground Reveille Gas Plant Began commissioning of Reveille Gas Plant Operational 12/24/13 Brownsville Terminal Operations commenced for anchor customers Live Oak Stabilizer Operations commenced Agreed to Acquire Southwestern Energy s ne PA Midstream Assets ~100 miles of gathering pipelines in Bradford and Lycoming Counties in ne Pennsylvania Right to construct new gathering system for SWN in Tioga County Nueva Era CFE signs 25-year contract for 200 mile, 30 natural gas pipeline Dos Aguilas Signing of TSA by anchor shipper to a 10-year contract for 250 mile, 12 refined products pipeline Note: (1) Acquisition of 70% interest in GT Logistics, LLC has not closed 3

4 Nueva Era Project Summary Nueva Era Overview 188 miles of 30 pipeline originating at the HEP EFG System in Webb County and delivering into Escobedo and Monterrey 50/50 Joint Venture with Grupo CLISA Delivery Points: Scope: Volume: Estimated Investment: Tax Revenues: Jobs: 1) Escobedo 2) Monterrey Expansion of Howard s existing EFG assets,18 miles of 30 (U.S.) 160 miles of 30 (Mexico), 22 miles of 30 (Mexico) MMCFD Mexico: US$450,000,000 US: US$50,000,000 Est. $675,000/yr 180 (Construction) 10 (permanent0 4

5 Dos Águilas Project Summary Length 277 miles in total 141 miles in the US 136 miles in Mexico Pipeline size 12 diameter Initial Capacity 72,000 bpd Expandable 90,000 bpd Receipt Points Corpus Christi and USGC refineries Delivery Points Laredo, Nuevo Laredo, Monterrey Transit Time ~36 hours to Laredo ~60 hours to Monterrey Products Gasoline, ULSD Pump Stations Two 1,600 HP stations along the route to pump at 1,200 psi Linking refineries in the USGC directly with markets in Northern Mexico 5

6 Map of Howard Energy México Projects 6

7 Oil and Gas Permitting and Rate Regulation: U.S. Producing Wells Central Delivery Points (CDP s), Compression, Pump Stations Processing, Treating, Stabilization INTRA-state Gas INTER-state Gas Local Distribution Companies (gas) 2-8 Pipelines 8-16 pipelines Oil pipelines Oil Various retail refined products markets (oil) Production Gathering Processing Transmission Transportation [Refining and Terminaling] Distribution NO PERMITTING OR RATE REGULATION PERMIT ONLY REGULATED UNREGULATED REGULATED (Gas) UNREGULATED (Oil) No permitting, open access, or rate regulation. Permit, open access, and rate determination. 7

8 Oil and Gas Permitting and Rate Regulation: México Producing Wells Central Delivery Points (CDP s), Compression, Pump Stations Processing, Treating, Stabilization Gas Local Distribution Companies (gas) 2-8 Pipelines 8-30 pipelines Oil pipelines Various retail refined products markets (oil) Production Gathering Processing Transmission Transportation [Refining and Terminaling] Distribution REGULATED??? REGULATED REGULATED PERMITTED Undefined, but probably will be regulated Permit, open access, and rate determination required. 8