Crestw ood Overview Nationw ide Footprint / Diverse Product Mix - - PowerPoint PPT Presentation

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Crestw ood Overview

Nationw ide Footprint / Diverse Product Mix

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Crestw ood has a diversified portfolio of assets located in the m ost active dom estic shale plays and w ell balanced across all com m odities

Volum es by Product Key Statistics Asset Map

• 1,350 miles of pipeline
• 2.6 Bcf/ d gathering
• 1.4 Bcf/ d transport
• 500 MMSCFD

processing

• 79 Bcf nat gas storage
• 4.3 MM barrels crude

and NGL storage

• 125 MBPD crude oil

gathering

• 180 MBPD crude oil

rail terminalling

• 294 MBPD nationwide

NGL logistics business, with rail cars and trucking units

1 5 % 6 2 % 2 0 % 3 %

Crude Gas NGLs Water

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Crestw ood Bakken Asset Overview

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Assets Map Arrow Gathering System COLT Hub ( Epping, ND)

• Arrow gathers crude oil, natural gas, and water covering

150,000 acres on the Fort Berthold Indian Reservation in McKenzie & Dunn counties, North Dakota

• Over 550 miles of pipe and growing with new expansion

projects

• Strong well economics through enhanced completions

driving increased producer activity

• Arrow connects to DAPL, Hiland, Tesoro, and Bakkenlink

pipelines offering producer’s premium market access

• COLT Hub is a leading Bakken terminalling facility in

Epping, North Dakota – 160 MBbls/ d crude oil rail loading capacity (BNSF) – 1.2 MMBls crude oil storage capacity – > 10 MBbls/ d NGL transloading capacity

• COLT Hub connects to multiple downstream crude oil

pipelines/ markets and provides raw mix and purity product NGL throughput and marketing services

COLT HUB ARROW

MEADOWLARK GATHERING SYSTEM

ENBRIDGE PIPELINE TESORO PIPELINE HILAND PIPELINE TESORO PIPELINE BAKKENLINK

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Arrow – 2 0 1 7 Expansion Projects

3 NGL/ Gas I nterconnects Bear Den W est Pipeline Bear Den I Plant

Project Capex ( $ MM) Gas Projects $140 Oil Projects $13 Water Projects $12

DAPL Connection Existing Gathering New Gas Gathering New Oil Gathering New Water Gathering Existing Facility New Facility Project SW D Expansion

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8% 9% 10% 11% 12% 13% 14% 15% 16% May-17 Mar-18 Dec-18 Sep-19 Jun-20 Mar-21 Dec-21

Bear Den I & I I

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• NDIC flaring limits have resulted in significant reduction in flared gas leading to an increase in

natural gas production

• Future flaring limits expected to become more stringent going forward
• Crestwood commitment to reduce flaring evident upon acquisition and current investments –

Bear Den I & II

• NGL take-away is the next challenge the basin faces – Colt Hub expansion

1 5 % Until Oct-1 8 1 2 % from Nov-1 8 -Oct-2 0 9 % After Nov-2 0

Bakken Future Flaring Lim its

Sources: NDPA.

Historical Arrow Gas Flaring & Bear Den I Tim ing

Bear Den I 3 0 ,0 0 0 MCFD Construction 1 Q1 7 Com m issioned Late Nov-1 7

Bear Den I I Ground Breaking

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Leading Bakken Liquids Term inal

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Crestwood’s COLT Hub links Bakken Shale liquids to prime markets

Crude Term inal Overview

• > 290 MBbls/ d of crude oil sourcing capacity
• 1.2 MMBbls of crude oil storage
• > 350 MBbls/ d of crude oil take-away capacity

NGL Term inal Overview

• > 10 MBbls/ d of raw mix and purity products

transloading capacity

• Extensive marketing services to downstream

rail markets (Midwest, Gulf, East, & West Coast)

• NGL trucking services allows for service

flexiblity (processing plants, MRUs, etc.)

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2018 2019

Day 1 66 131 196 261 326 391

5/27/2018 - 6/3/2018

Title

5/27/2018 - 7/27/2018

Appraisal

5/27/2018 - 8/27/2018

Permission

8/28/2018 - 9/4/2018

Land Survey

9/5/2018 - 9/11/2018

Preliminary Route Data Distributed

9/12/2018 - 10/12/2018

NEPA Scoping

10/13/2018 - 10/27/2018

NEPA Onsite Field Surveys

10/21/2018 - 10/27/2018

NEPA Onsite Visit

10/21/2018 - 11/3/2018

NEPA Survey Drafting

11/4/2018 - 11/17/2018

NEPA Reports Completed

11/18/2018 - 12/18/2018

Cultural Reports Submitted

11/18/2018 - 12/18/2018

Final Plats Completed

11/18/2018 - 1/17/2019

NEPA Submitted & FONSI Issued

1/18/2019 - 5/17/2019

TAT/Allotees/Fee Surface Owner Consents Obtained

5/18/2019 - 5/24/2019

BIA Application

5/25/2019 - 8/24/2019

BIA Approval

Right of W ay Process Tim e Line

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(Delays / Reroute) (Delays / Reroute)

455 Days

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Crestw ood’s Com m unity I nvolvem ent

• MHA Nation is Crestwood’s largest Landowner
• Industry’s relationship with government and

landowner’s are critical to infrastructure success Crestw ood’s Bakken Success Starts w ith it’s Relationship w ith the MHA Nation

Tribal Relations

I nvolvem ent w ith industry organizations, local governm ent, and the com m unity are vital to Crestw ood’s Bakken operations

SAFE RESPONSI BLE GOOD NEI GHBOR

Crestw ood’s Operating Principles

Crestw ood Nursing Station

• Donated Nursing Station wing of new

hospital in Watford City, set to open in 2018

The Crestw ood Mahgiddashda Center

• Pledged $1 million to launch a capital

campaign for a new Head Start facility in Mandaree, North Dakota

• Broke ground fall of 2017 with plans to open

for students by fall 2018

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Produced W ater Gathering & Disposal

Year 2 0 1 6 2 0 1 7 2 0 1 8 * 2 0 1 9 * BBLs 10,156,000 12,940,000 19,126,000 25,550,000 CO2 Tons 10,480 13,350 19,735 26,365 Miles 1,767,000 2,252,000 3,328,000 4,445,000 T R U C K S R E M O V E D E A C H D A Y

3 5 0 2 6 2 1 7 7 1 3 9

Positive Com m unity I m pact on Safety, Environm ent, and Roads

* Estimates based on capacity

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Arrow – 2 0 1 8 Expansion Projects

9 Station 1 Pum ps & Com pression Com pressor Station 8 SW D Expansions Existing Gathering New Gas Gathering New Oil Gathering New Water Gathering Existing Facility New Facility Project Section 1 4 -1 7 Pum p Station Station 6 Pum ps

Project Capex ( $ MM) Gas Projects $108 Oil Projects $10 Water Projects $75

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Arrow – 2 0 1 9 Expansion Projects

10 Station 5 Com pression Bear Den I I Plant Existing Gathering New Gas Gathering New Oil Gathering New Water Gathering Existing Facility New Facility Project Station 4 Com pression

Project Capex ( $ MM) Gas Projects $172 Oil Projects $4 Water Projects $50

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Sum m ary

Bakken producers continue to accelerate their drilling activity, creating a need for increased gathering capacity, processing, and NGL take-aw ay system s The com pany has com m itted over $ 5 5 0 m illion in capital to Bakken projects Crestw ood’s Bear Den plants w ill reduce flaring, enhance producer net backs and provide greater flow assurance Expansion projects w ill be part of the solution to relieve flaring and increase productivity Crestw ood’s Operating Principle’s are a critical keystone in key com m unity relationships and Crestw ood’s future success

CONFI DENTIAL - NOT FOR DI STRIBUTION

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CONFI DENTIAL - NOT FOR DI STRIBUTION