Shelley Wright Kendrick General Manager, Marketing & Business Development April 13, 2012 Platt s 6 th Annual Rockies Oil & Gas Conference 1
Questar Pipeline System Overview Overthrust Pipeline Company - Expansions provide optionality east and west - Contracted volumes vs. actual flows - Impact of Ruby Pipeline in-service Clay Basin Storage - Current Inventory (March 31, 2012) - Clay Basin expansion opportunities Uintah Basin Development associated gas - Uintah Basin Transportation to Processing Project - JL47 Loop Questar Field Services Midstream Development 2
Opal Overthrust Pipeline Wamsutter Questar Pipeline: 2,530 MDth/d - Total Capacity Utah Questar Pipeline Company Clay Basin Storage Wyoming Overthrust Pipeline: 2,400 MDth/d - Total Capacity (East &West) Clay Basin: 54 Bcf - Total Working Gas Capacity Goshen White River Hub Colorado White River Hub: 2,500 MDth/d - Total Capacity Platt s Daily listing beginning Aug. 1, 2011 3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 4 Over 2 bcf/d of excess export capacity exists in the Rockies due to decreased drilling Bcf/d 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 11.50 11.00 10.50 10.00 9.50 9.00 8.50 8.00 7.50 7.00 6.50 6.00 5.50 5.00 Ruby & Bison Pipelines In-Service REX In-Service Forecasted Production
WIC REX 5 Expansion Project Name: Capital Cost RDC (Dth/d) FERC Certificate In-Service Date Facilities 1. Delivery to Painter $866,000 220,000 Blanket Filing January 1, 2006 Interconnect with Kern at Painter 2. Extension to Opal $46.5 million 350,000 September 8, 2006 January 1, 2007 27.1 miles / 36 " pipe - Interconnect With Kern at Hamms Fork 3. Expansion to Wamsutter $202 million 750,000 April 19, 2007 December 15, 2007 77.2 miles / 36 " pipe - Kanda to Wamsutter - Interconnect to REX 4. Compression Expansion $42.1 million 300,000 August 3, 2009 January 1, 2010 Point of Rocks & Rock Springs Compressor Stations 5. Loop Expansion $99.9 million 550,000 September 1, 2010 March 1, 2011 43 miles / 36" pipe Blacks Fork to Kanda - Interconnect to Ruby 1 2 5 4 3 Rates ($/Dth): East Flow: $0.11413 West Flow: $0.0712 5
WIC REX Current unsold firm capacity: - 50,000 Dth/d available for delivery East to WIC or REX - Minimum of 280,000 Dth/d for delivery West to Ruby or Kern Rates ($/Dth): East Flow: $0.11413 West Flow: $0.0712 6
Questar Overthrust Pipeline Company: Contract Volumes December 2011 Kern River Roberson Creek + Hams Fork 611 MDth/d Opal Pioneer + Williams 1,051 MDth/d Contracted Flow 841 MDth/d 925 MDth/d Whitney Canyon Ruby Pipeline 416 MDth/d Granger + Blacks Fork 0 MDth/d Kanda Wamsutter 925 MDth/d REX QPC + Kern River Painter 145 MDth/d QPC + XO-16 1 MDth/d WIC + QPC 759 MDth/d 286 MDth/d REX + WIC 7
Questar Overthrust Pipeline Company: Gas Flow February 2011 Kern River Roberson Creek + Hams Fork 248 MDth/d Opal Pioneer + Williams 955 MDth/d Physical Flow 821 MDth/d Whitney Canyon Granger + Blacks Fork 0 MDth/d Kanda Wamsutter 821 MDth/d REX QPC + Kern River Painter 22 MDth/d QPC + XO-16 20 MDth/d WIC + QPC 150 MDth/d 0 MDth/d REX + WIC Flow Date 02/10/11 Difference between inlet and outlet totals is pipe draft and pack 8
Questar Overthrust Pipeline Company: Gas Flow December 2011 Kern River Roberson Creek + Hams Fork 709 MDth/d Opal Pioneer + Williams 84 MDth/d Physical Flow 1,068 MDth/d Whitney Canyon Ruby Pipeline 418 MDth/d Granger + Blacks Fork 111 MDth/d Kanda Wamsutter 0 MDth/d REX QPC + Kern River Painter 101 MDth/d QPC + XO-16 56 MDth/d WIC + QPC 754 MDth/d 313 MDth/d REX + WIC Flow Date 12/21/11 Difference between inlet and outlet totals is pipe draft and pack 9
Questar Overthrust Pipeline Company: Gas Flow April 2012 Kern River Roberson Creek + Hams Fork 670 MDth/d Opal Pioneer + Williams 367 MDth/d Physical Flow 1,203 MDth/d 0257 MDth MDth/d Whitney Canyon Ruby Pipeline 369 MDth/d Granger + Blacks Fork 149 MDth/d Kanda Wamsutter 257 MDth/d REX QPC + Kern River Painter 113 MDth/d QPC + XO-16 51 MDth/d WIC + QPC 798 MDth/d 146 MDth/d REX + WIC Flow Date 04/01/12 Difference between inlet and outlet totals is pipe draft and pack 10
OPAL OTPL,CIG,WIC(250/54) WAMSUTTER 3 Eakin Kanda Clay Basin GOSHEN Fidlar WRH Oak Spring (xxx/yyy) Questar Pipeline Overthrust Pipeline Capacity/Unsold Capacity Volumes in Mdth/d 11
MM dths 60 50 40 30 20 10 0 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR Min/Max Range AVG 01-11 '07-08 '08-09 '09-10 '10-11 '11-12 12
Questar Pipeline Overthrust Pipeline ML 101 ASSET REALLOCATION CLAY BASIN EXPANSION 2013 Additional 8 bcf Feasibility study underway Non-binding open season held KANDA CLAY BASIN PARK & LOAN Approved 2011 Additional 2.7 bcf Interruptible capacity Park & Loan Service 13
Open Season October 2011 Non Binding Feasibility study underway Increase maximum reservoir pressure for additional 8 Bcf of firm storage inventory capacity Increase firm injection capacity Potential direct connect with Overthrust and other Kanda area pipelines Potential in-service mid 2013 14
Significant drilling for oil in the Uinta Basin with associated gas. QPC is well positioned to provide multiple market options for this gas supply. - West to Questar Gas and Kern River (Goshen) - East to Clay Basin, White River Hub, WIC, CIG, REX, Overthrust, Northwest Pipeline and Ruby. Creative solutions provide producers access to cryogenic processing. 15
ML 40 JL 46 JL 47 ML 40 ML 104 Extension Over 72,000 Dth/d subscribed Anticipated in-service Aug 1, 2012 Filed 7(c) Abbreviated Application on January 4, 2012 Requested expedited approval Received Environmental Categorical Exclusion Intervention and Protest may delay in-service date 16
JL 47 Open Season January 2012 Loop 9-miles of JL47 30,000 Dth/d added capacity Anticipated in-service as early as July 1 st, 2013 Current Status Re-scoped project to accommodate bids in excess of offered capacity Negotiating PAs Preliminary engineering and environmental underway FIDLAR ML 40 ML 104 GAS PROCESSING 17
Midstream and Processing Services QFS can provide construction and operation of gathering and processing facilities in the Rockies. QFS is growing its midstream business within the QPC footprint. 18
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