Crestw ood Overview Nationw ide Footprint / Diverse Product Mix Asset Map Volum es by Product 3 % 1 5 % Crude 2 0 % Gas NGLs Water 6 2 % Key Statistics • 1,350 miles of pipeline • 125 MBPD crude oil gathering • 2.6 Bcf/ d gathering • 180 MBPD crude oil • 1.4 Bcf/ d transport rail terminalling • 500 MMSCFD • 294 MBPD nationwide processing NGL logistics business, with rail cars • 79 Bcf nat gas storage and trucking units • 4.3 MM barrels crude and NGL storage 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 ™ ™ ™ Connections for America’s Energy ™ ™ ™ 1
Crestw ood Bakken Asset Overview Arrow Gathering System Assets Map • Arrow gathers crude oil, natural gas, and water covering 150,000 acres on the Fort Berthold Indian Reservation in TESORO PIPELINE McKenzie & Dunn counties, North Dakota MEADOWLARK COLT HUB GATHERING SYSTEM • Over 550 miles of pipe and growing with new expansion projects ENBRIDGE PIPELINE • Strong well economics through enhanced completions driving increased producer activity HILAND • Arrow connects to DAPL, Hiland, Tesoro, and Bakkenlink PIPELINE TESORO PIPELINE pipelines offering producer’s premium market access COLT Hub ( Epping, ND) ARROW • COLT Hub is a leading Bakken terminalling facility in Epping, North Dakota – 160 MBbls/ d crude oil rail loading capacity (BNSF) BAKKENLINK – 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 ™ ™ ™ Connections for America’s Energy ™ ™ ™ 2
Arrow – 2 0 1 7 Expansion Projects Capex Project Existing Gathering Existing Facility ( $ MM) New Gas Gathering New Facility Project Gas Projects $140 New Oil Gathering Oil Projects $13 New Water Gathering Water Projects $12 DAPL SW D Bear Den I Connection Expansion Plant Bear Den W est Pipeline NGL/ Gas I nterconnects ™ ™ ™ Connections for America’s Energy ™ ™ ™ 3
Bear Den I & I I • 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 Bakken Future Flaring Historical Arrow Gas Flaring & Bear Den I I Lim its Bear Den I Tim ing Ground Breaking 16% 1 5 % Until Oct-1 8 15% 14% 1 2 % from 13% Nov-1 8 -Oct-2 0 12% 11% 9 % After Nov-2 0 10% 9% 8% May-17 Mar-18 Dec-18 Sep-19 Jun-20 Mar-21 Dec-21 Bear Den I 3 0 ,0 0 0 MCFD Construction 1 Q1 7 Com m issioned Late Nov-1 7 Sources: NDPA. ™ ™ ™ Connections for America’s Energy ™ ™ ™ 4
Leading Bakken Liquids Term inal Crestwood’s COLT Hub links Bakken Shale liquids to prime markets NGL Term inal Overview Crude Term inal Overview • > 290 MBbls/ d of crude oil sourcing capacity • > 10 MBbls/ d of raw mix and purity products transloading capacity • 1.2 MMBbls of crude oil storage • Extensive marketing services to downstream • > 350 MBbls/ d of crude oil take-away capacity rail markets (Midwest, Gulf, East, & West Coast) • NGL trucking services allows for service flexiblity (processing plants, MRUs, etc.) ™ ™ ™ Connections for America’s Energy ™ ™ ™ 5 5
Right of W ay Process Tim e Line Title 5/27/2018 - 6/3/2018 Appraisal 5/27/2018 - 7/27/2018 (Delays / Reroute) Permission 5/27/2018 - 8/27/2018 Land Survey 8/28/2018 - 9/4/2018 Preliminary Route Data Distributed 9/5/2018 - 9/11/2018 NEPA Scoping 9/12/2018 - 10/12/2018 NEPA Onsite Field Surveys 10/13/2018 - 10/27/2018 NEPA Onsite Visit 10/21/2018 - 10/27/2018 NEPA Survey Drafting 10/21/2018 - 11/3/2018 NEPA Reports Completed 11/4/2018 - 11/17/2018 Cultural Reports Submitted 11/18/2018 - 12/18/2018 Final Plats Completed 11/18/2018 - 12/18/2018 NEPA Submitted & FONSI Issued 11/18/2018 - 1/17/2019 (Delays / Reroute) TAT/Allotees/Fee Surface Owner Consents Obtained 1/18/2019 - 5/17/2019 BIA Application 5/18/2019 - 5/24/2019 5/25/2019 - BIA Approval 8/24/2019 455 Days 2018 2019 Day 1 66 131 196 261 326 391 ™ ™ ™ Connections for America’s Energy ™ ™ ™ 9
Crestw ood’s Com m unity I nvolvem ent Crestw ood’s Bakken Success Starts w ith it’s Relationship w ith Crestw ood’s the MHA Nation Operating Principles Tribal Relations • MHA Nation is Crestwood’s largest Landowner • Industry’s relationship with government and SAFE landowner’s are critical to infrastructure success Crestw ood Nursing Station • Donated Nursing Station wing of new hospital in Watford City, set to open in 2018 RESPONSI BLE 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 GOOD NEI GHBOR I nvolvem ent w ith industry organizations, local governm ent, and the com m unity are vital to Crestw ood’s Bakken operations ™ ™ ™ Connections for America’s Energy ™ ™ ™ 7
Produced W ater Gathering & Disposal 3 5 0 T R 2 6 2 U C E K A 1 7 7 S C H 1 3 9 R E D M A O Y V E D 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 Miles 1,767,000 2,252,000 3,328,000 4,445,000 CO2 Tons 10,480 13,350 19,735 26,365 Positive Com m unity I m pact on Safety, Environm ent, and Roads * Estimates based on capacity ™ ™ ™ Connections for America’s Energy ™ ™ ™ 8
Arrow – 2 0 1 8 Expansion Projects Capex Project Existing Gathering Existing Facility ( $ MM) New Gas Gathering New Facility Project Gas Projects $108 New Oil Gathering Oil Projects $10 New Water Gathering Water Projects $75 SW D Station 1 Pum ps Expansions & Com pression Station 6 Pum ps Com pressor Station 8 Section 1 4 -1 7 Pum p Station ™ ™ ™ Connections for America’s Energy ™ ™ ™ 9
Arrow – 2 0 1 9 Expansion Projects Capex Project Existing Gathering Existing Facility ( $ MM) New Gas Gathering New Facility Project Gas Projects $172 New Oil Gathering Oil Projects $4 New Water Gathering Water Projects $50 Bear Den I I Plant Station 5 Com pression Station 4 Com pression ™ ™ ™ Connections for America’s Energy ™ ™ ™ 10
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 ™ ™ ™ Connections for America’s Energy ™ ™ ™ 11 CONFI DENTIAL - NOT FOR DI STRIBUTION
™ ™ ™ Connections for America’s Energy ™ ™ ™ 12 CONFI DENTIAL - NOT FOR DI STRIBUTION
Recommend
More recommend
