Permian Markets And Takeaway Infrastructure Congress

Insight From 25+ Industry Experts From Major E&P And Midstream Companies and Regulatory Authorities

David Griesinger Managing Director DCP Midstream, L.PDarrel Hagerman VP Commercial Crestwood Midstream Partners LPBob Dunn President And CEO Prism Midstream LLC

Jeff Fawcett Managing Director NorTex Midstream Partners

Hershal Wolfe VP Marketing Pioneer Natural Resources

Jerry McLaughlin VP Oil & Gas Marketing Cimarex Energy

Drew Ward Manager, Business Development Kinder Morgan Midstream

Mark Gorman SVP Operations & Business Development Plains All American Pipeline L.P

www.permian-basin-markets-2013.com (1) 800 721 3915 [email protected]

PPRODUCTION FORECASTS: Quantifying how production from established and emerging plays will impact demand for existing and upcoming midstream capacity

PCRUDE PIPELINE & RAIL TAKEAWAY: Delivering the latest construction plans, timelines, directions and capacities of crude pipeline and rail projects to forecast the availability of crude oil takeaway

PPRICING & MARKETS: Assessing how an increase in crude production and takeaway infrastructure will affect pricing and how to reach high prices for oil as refineries become more saturated

PREFINERY CAPACITY: Identifying where to market crude as the Gulf Coast and Cushing refineries move towards saturation

PGAS TAKEAWAY & MARKETING: Delivering, gathering and processing capacity updates that can drive down the costs of transport and ensure dry gas can be marketed at profit

PNGL MARKETS: Hearing the latest fractionation and pipeline plans for NGL and identifying downstream markets for NGL products

The Most Influential Permian Midstream Congress And The Only Event Focused On Identifying Optimal Crude Oil, NGL And Gas Markets As Well As Identifying The Most Economical Takeaway Infrastructure To Get It There

June 26-27 2013Houston | Texas

Media Partners: NATURALGASA M E R I C A S

Hearing The Latest Crude, Gas And NGL ProductionForecasts And Delivering The Very Latest Plans For

Expanding Pipeline And Rail Takeaway Infrastructure To Handle Increased SupplyAnd Ensure Permian Products Reach Optimally Priced Markets

SAVE UP TO $200beforeMay 17, 2013

EXAMINING PIPELINE AND RAIL SOLUTIONS FOR OVERCOMING SHORT-TERM TAKEAWAY CHALLENGES AND FORECASTING HOW NEW INFRASTRUCTURE WILL IMPACT PRICING

Organized By:


As the Permian basin’s crude oil, NGL and gas production reaches the highest level since 1990’s, and with new shale plays such as the Cline continuing to drive production volumes, both producers and midstream operators are urgently seeking the most efficient takeaway infrastructure solutions for taking the products to optimally priced markets. More pipeline projects are being constructed and continually being planned, and now, railroads are being hailed as the next transportation method to allow producers to take advantage of oil price differentials by moving crude from inland oil fields to coastal refineries that pay higher prices.

The mission of the 2nd Annual Permian Basin Markets And Takeaway Infrastructure Congress is to build communication among E&P, midstream

companies and refiners operating in and around the Permian Basin to identify optimal markets for crude oil, NGL products and natural gas, identify the most efficient takeaway options for taking them to the most lucrative markets and drive forward infrastructure build out.

Over two days, E&P and midstream strategic professionals will gather to deliver the latest crude oil, NGL and gas production profiles, the latest timings, capacities and locations of pipeline takeaway, crude-by-rail takeaway and processing infrastructure. Speakers and delegates will have the opportunity to communicate with the refineries to assess the quality and quantity of products being accepted and evaluate both micro and macro factors affecting midstream investment to mitigate risk in new ventures and enable the more rapid development of infrastructure.

Houston Marriott at the Texas Medical Center6580 Fannin Street

Houston, Texas 77030

Phone: 1 713 796 0080

The Summit Will Be Held At:

June 26-27 2013Houston | Texas

Day one will focus on crude oil examining the latest crude oil production plans in the Permian. Presenters will compare the economics of rail and pipeline takeaway, deliver the very latest capacity, timings and location updates on pipe and rail facilities coming to take crude out of the Permian and hear from the refineries on how they plan to handle an influx of crude to identify the optimal markets for crude oil.

Day two will focus on NGL and Gas starting with the very latest production updates from operators in the basin. Presenters will then deliver the takeaway and processing plans for NGL and gas in the Permian Basin, identify the optimal markets for both products and address regulatory and permitting issues to minimize delays on midstream build out and ensure product can continue being marketed.

Sponsorship And Exhibition Opportunities At Permian Basin Markets & Takeaway Infrastructure Congress 2013 Need to generate new sales leads, launch a new product, engage key decision makers, build new future business relationships in key markets, or simply educate the industry about a new product? Then you need to exhibit at the Permian Basin Markets And Takeaway Infrastructure Congress. Our busy exhibit area is an integral part of the Summit and is of genuine practical value to delegates, who are looking for new solutions and technologies. Exhibiting at the conference will help you position yourself as a market leader and center of excellence to the key decision makers in the industry.

For further information, please email: [email protected]

or call: (1) 800 721 3915

Day one will examine the latest crude oil production plans in the Permian, compare the economics of rail and pipeline takeaway and hear from the refineries to identify the optimal markets for crude oil

8.30 Chair’s Opening RemarksChaired By: Darrel Hagerman, Vice President Commercial Development, Crestwood Midstream Partners LP

KEYNOTE: FORECASTING CRUDE PRODUCTION

8.40 Estimating Drilling And Production Profiles In The Permian Basin To Identify Areas Of Increased Activity And Midstream Investment Opportunities•Calculating what basin-wide production is going to look like in the next

3-5 years to forecast whether or not the Permian will realistically reach the anticipated figure of 2 million bpd

•Established plays: examining the aggressiveness of drilling programs in the Wolfcamp, Spraberry And Bone Springs to quantify infrastructure capacity required

•Evaluating the costs of different drilling methods in the Permian Basin to understand their impacts on economics and ultimately, the sustainability of production

•Assessing how latest regulations and the fracing permitting process could cause potential production slowdowns

Hershal Wolfe, Vice President Marketing, Pioneer Natural Resources

9.10 Question & Answer SessionPRODUCTION: CLINE & UPPER WOLFCAMP

9.20 Cline And Upper Wolfcamp Shale Play Focus: Hearing A Leading Operator’s Forecasts On Cline and upper Wolfcamp Production Volumes Over The Next 5-10 Years•Production rates: Latest updates from a Cline and Wolfcamp operator

showing the production volume from their acreage•Product types: Analyzing the product types expected to determine

what types of midstream infrastructure are needed to successfully commercialise production plans

•Locations: Geologically mapping the area’s most concentrated production areas to identify where midstream investments are most needed

Keith Skarr, Vice President Exploration, Element Petroleum

9.50 Question & Answer SessionPERMIAN BASIN OVERVIEW

9.20 Hearing A Leading Operator’s Forecasts on Production Growth And Takeaway Capacity Over The Next 5-10 Years•Analyzing Oxy Midstream and Centurion Pipeline plans•Evaluating production growth and product types expected to project the

demand for different types of midstream infrastructure•Discussing any new expansion projects on the horizon to understand if

supply will be able to meet increased demand and alleviate bottlenecks•Understanding the key market drivers in Permian production and

infrastructure expansion

Rick Van Eyk, Vice President Midstream, Occidental Petroleum Corporation

9.50 Question & Answer Session

10.00 Morning Refreshments In Exhibition Showcase Area

CRUDE ASSESSING CRUDE TAKEAWAY OPTIONS, REFINERY DEMAND AND PRICING DIFFERENTIALS TO ENSURE CRUDE FROM THE PERMIAN

BASIN REACHES THE HIGHEST NETBACK

FREEDOM PROJECT : WEST COAST PERSPECTIVE

10.30 Understanding The Latest News Surrounding The Freedom Pipeline Project To Assess The Increased Capacity For Taking Crude To The West Coast Markets•Providing a current update on an oil pipeline that would move crude oil

from the Permian Basin through Southern New Mexico to refineries in California

•Understanding the barrels of oil per day capacity of the Freedom Pipeline Project and determine its impact on current takeaway capacity limitations

•Discussing the start date and timeline for construction to understand when the project will be fully implemented

Tom Dobson, Director, KinderMorgan


CRUDE PIPELINES PLANS

11.10 Hearing The Latest Construction Plans, Timelines, Directions And Capacities Of Crude Oil Pipeline Projects To Forecast The Availability Of Crude Oil Takeaway•New Projects: updates on the very latest crude oil pipeline project

plans in the Permian basin and who is funding them•Capacity: examining the capacity of the pipeline expansions and

whether they will be able to match production growth•Timeline: hearing when the existing large on-going projects will be

available for use and how they will affect flow dynamics in the Permian•Directions: identifying where major pipeline projects are going other

than Cushing

Randy Geiselman, Executive Vice President & Director, Advantage Pipeline L.L.C.Mark Gorman, Vice President Marketing, Plains All American Pipeline L.P


12.25 Lunch In The Exhibition Showcase AreaCRUDE RAIL UPDATE: CASE STUDY 1

1.25 Understanding How The Kinder-Watco Express Is Going To Help Alleviate Strains On Pipeline Infrastructure•Explaining what the Kinder-Watco Express entails to understand the

project as a means to overcome lack of pipeline infrastructure•Providing an update on the development of the new Tecos Texas terminal•Addressing the long lead items for moving crude by rail: timeline and

rail car availability•Pipeline update - Analyzing pipelines to the Gulf Coast & West Coast

from the Permian Basin

Allan Roach, Senior Vice President, Kinder-Watco Express

1.55 Question & Answer SessionCRUDE RAIL UPDATE: CASE STUDY 2

2.05 Delivering Updates On Crude Rail Takeaway Projects As A Means Of Overcoming The Lack Of Pipeline Infrastructure•Mapping the available rail facilities and their capacity for moving crude

out of the Permian Basin•Identifying where the railroads are taking the oil and the ratio between

volumes going to the Gulf Coast and West Coast•Hearing the latest timelines on rail projects to identify exactly when

they will be available for use•Analyzing the possibility of railing crude to the West Coast to assess rail

as feasible solution for taking rude to less traditional markets

Shannon Flowers, Vice President - Crude, Crosstex Energy


RAILING VS PIPELINE: ECONOMICS

2.45 Comparing The Costs And Market Destinations Of Rail And Pipeline To Establish Which Takeaway Solution Will Achieve The Highest Netback•Identifying the cost savings that could potentially be achieved by using

rail rather than pipelines•Case study: hearing how a Permian operator is using rail as a long-

term solution for crude takeaway•Hearing the price differentials that have been achieved by using rail as

opposed to pipeline•Comparing the costs of building pipelines and rail crude to the Gulf

coastComparing the costs of building pipelines and rail crude to the West Coast

Darrel Hagerman, Vice President Commercial, Crestwood Midstream Partners L.P


3.25 Afternoon Refreshments In Exhibition Showcase Area

PRICING, MARKETS & REFINERY DEMAND ASSESSING HOW AN INCREASE IN MARKETABLE CRUDE WILL

AFFECT PRICING AND HOW TO REACH HIGH PRICES FOR OIL AS THE REFINERIES BECOME MORE SATURATED

PANEL: TAKEAWAY IMPACT ON PRICING

3.55 How New Takeaway Developments Will Impact The Price That Can Be Achieved For Permian Crude To Calculate The Economics Of Future Production•Forecasting how crude pricing will be impacted in the Gulf and Cushing

when midstream infrastructure brings more supply into the market

•Longhorn Case Study: Examining how the longhorn pipeline will affect price differentials

•Using historical market data to forecast differentials between WTI and Brent in the next 5-10 years

•Estimating how price changes over the next 5-10 years will impact production economics

Jerry Mclaughlin, Vice President Oil & Gas Marketing, Cimarex Energy Co.

GULF COAST REFINERIES

4.15 Comparing Gulf Coast Refinery Capacity With Permian Production Forecasts To Assess How The Market Will Handle An Increase In Crude Production•Hearing a refinery perspective on how refineries plan to handle an

influx of crude coming down to the Gulf Coast

•Quantifying the current capacity of refineries in the area to assess the point at which the market will become full

•Hearing plans for increasing refinery capacity in the Gulf Coast and when it will be available


REFINERY SPECIFICATIONS

4.55 Examining The Quality Of Products Refineries Are Now Accepting To Pinpoint Where To Take Each Type Of Permian Crude•Discussing the changing production qualities coming from new Permian

plays to forecast which type of crude will be in highest supply

•Hearing an overall update on what kind of crude quality Gulf Coast refineries are taking

•Hearing how refineries are retooling to keep up with the production

•Examining the options for handling the influx of light sweet crude when the refineries are set up for processing sour crude

•Assessing the Gulf Coast Refineries capacity and ability to handle H2S: where is the safety limitation

Anthony Andrews, Specialist in Energy and Defense Policy, Congressional Research Service


WEST COAST REFINERIES FOCUS

5.35 Analyzing The Economics Of Taking Crude To The West Coast To Evaluate The Region As A Viable Market Long-Term•Accessing market demand for crude in California Region to evaluate

the possibility of refining crude in the region

•Examining different factors that influence the commercial viability of refining crude in California to evaluate it as a long-term marketing solution: Cost of railing products into the region

•Available rail and pipeline capacity for taking crude to the California region

•Local environmental and regulatory limitations


6.15 Chair’s Closing Remarks

6.20 - 7.20 Networking Drinks Reception In Exhibition Showcase Area

Day OneWednesday June 26, 2013

CRUDE PRODUCTION, TAKEAWAY, REFINERIES, PRICING AND MARKETS


Day two will review the latest production, takeaway and processing plans for NGL and gas in the Permian Basin, identify the optimal markets for gas and NGL and address regulatory and permitting issues to minimize delays on midstream build out and ensure product can continue being marketed

8.30 Chair’s Opening Remarks

OPERATOR CASE STUDY 1 : GAS AND NGL PRODUCTION UPDATE

8.40 Understanding How Gas And NGL Production Is Increasing To Understand How Increased Supply Will Affect Product Pricing•Mapping NGL production volumes across the Permian Basin to

identify areas of high production concentration

•Delivering updates from Opal Resouces showing reserves recovery to date from their acreage and how much more they plan to produce

•Analyzing product types being forecasted in the region to determine what type of pipeline infrastructure is needed

•Drilling outlook:forecasting how drilling plans will evolve in light of changing gas prices and identifying at what point drilling for gas becomes uneconomic

Rick Lester, CEO, Opal Resources


OPERATOR CASE STUDY 2: GAS AND NGL PRODUCTION UPDATE

9.20 Providing A Second Perspective On Projected Gas And NGL Production Levels To Determine How Production Updates Will Affect Commodity Pricing•Mapping NGL production volumes to understand total supply that is

likely to emerge from the Permian Basin

•Delivering production updates from Nadel & Gussman to understand projected production in the near future

•Analyzing product types being forecasted in the region to determine what type of pipeline infrastructure is needed

•Drilling outlook: forecasting how drilling plans will evolve in light of changing gas prices and identifying at what point drilling for dry gas becomes uneconomic

Jennifer Greenwell, Manager Marketing, Nadel & Gussman, LLC


10.00 Morning Refreshments In Exhibition Showcase Area

GAS TAKEAWAY & PROCESSING DELIVERING GATHERING AND PROCESSING CAPACITY UPDATES TO DRIVE DOWN THE COSTS OF TRANSPORT AND ENSURE DRY

GAS CAN STILL BE MARKETED

GAS GATHERING PLANS

10.30 Examining The Capacity And Direction Of Gas Gathering Lines To Ensure The Products Can Be Quickly Taken From Well Pad To The Mainline Pipeline•Discussing the capacity of available gathering facilities and

comparing against production estimates to identify the need of further gathering lines

•Detailing the locations for residual gas gathering projects to understand where the gathering lines will connect with mainline pipelines

•Comparing the economics of available trucking and gathering pipeline infrastructure to evaluate the most cost efficient method for getting gas on the route to markets

Drew Ward, Manager, Business Development, KinderMorgan


GAS GATHERING - GAS STUDY

11.10 Hearing From A Leading Operator About The Latest Gas Gathering Build Out Plans•Examining the details and timings of the new gas gathering and

processing plants that will be accessible to Permian operators

•Detailing the nitrogen rejection and potential storage projects in the Roswell Area

•Latest Plans: Dagger Draw Gas Processing Plant and Shoebar Gas Processing Plant overview

•Comparing the advantages and drawbacks of using Acid gas injection (AGI) systems to improve the cost effectiveness when designing or expanding gas processing plants

J.B Smith, President, Agave Energy Company


11.50 Lunch In Exhibition Showcase Area

GAS PROCESSING: CASE STUDY 1

12.50 Mapping New Gas Processing And LNG Compression Facilities That Have Either Both Approved Or Are Soon To Start Construction In The Permian Basin•Assessing where Permian Basin dry gas can be processed

after production

•Identifying which companies are investing in gas processing facilities in the next 5 years

•Examining available Gas processing capacity in the region to meet demand

•Delivering updates on new LNG compressing projects: the type of projects, where the projects will be and who the midstream sponsors are

Bob Dunn, President, Prism Midstream LLC


GAS PROCESSING: CASE STUDY 2

1.30 Discussing All New Gas Processing Opportunities: Both Already Approved And New Project Developments•Reviewing the history of gas processing in the Permian Basin

•Understanding DCP Midstream’s strategy for long-term sustainability

•Assessing the pace & commitment in growth strategies to understand how they will unfold over time

David Griesinger, Managing Director, DCP Midstream, LP


NGL FRACTIONATION & TAKEAWAY HEARING THE LATEST FRACTIONATION AND PIPELINE

PLANS FOR NGL AND IDENTIFYING DOWNSTREAM MARKETS FOR NGL PRODUCTS

NGL FRACTIONATION CAPACITY

2.10 Assessing The Latest Plans For Expanding Fractionation Plants In The Region To Identify How Much Extra Processing Capacity Will Be Offered And When It Can Be Accessed•Plans: Delivering updates on the latest construction plans for

expansion of fractionation plants in the Permian

•Companies: Hearing which companies are investing in infrastructure, which are building them out and how to subscribe in advance

•Capacity: Specifying the processing plants capacity and when they will be available to use

Steve Spaulding, Senior Vice President, Energy Transfer


NGL PIPELINE PLANS

2.50 Pipeline Plans For Taking NGL Out Of The Permian: Construction Timelines, Capacities And Tariffs

•Case studies: delivering updates on the two new NGL pipeline

projects being executed in the Permian Basin

•Hearing where the terminals will be and what markets the

pipelines will reach

•Quantifying the capacity that will be offered and when it will be

available for operators to use

•Assessing how NGL price affects the justifiability of infrastructure

investment and whether this will hold back further build out in the

Permian Basin

Chris Tennant, Vice President, Crosstex Energy


3.30 Afternoon Refreshments In Exhibition Showcase Area

PERMITTING & REGULATIONS ASSESSING HOW TO SWIFTLY ATTAIN PIPELINE PERMITS IN

THE PERMIAN BASIN TO ENSURE PROJECTS CAN CONSISTENTLY BE DELIVERED ON TIME

PIPLEINE PERMITTING & REGULATION

4.00 Hearing Exactly What Is Required From The Regulators And What Can Be Done To Expedite The Permit Approval Process

•Latest updates from state and federal regulators on recent changes that have been made and how this has affected the application process

•Identifying plans for changes: finding out in advance what will be required in the next few years

•Listing the requirements for attaining permits and identifying on which areas more time and money will need to be spent than others

•Case Study: hearing from start to finish how the operator worked with the regulators to attain permits and deliver a timely midstream project

Mike Tupper, Branch Chief, Bureau of Land Management

Polly McDonald, Director, Texas Rail Road Commission


MITIGATING MIDSTREAM INVESTMENT RISK

5.10 Evaluating Both The Micro And Macro Liabilities Of Midstream Investment In The Permian And Identifying How To Mitigate Risk

•Hearing the latest midstream Joint Venture deals that have been done and how the collaboration will lead to more cost-effective asset provision

•Discussing how future Joint Ventures and Mergers could lead to lucrative commercial opportunities

•Examining the political and environmental factors that put midstream investment at risks

•Detailing the types of asset trading activities currently taking place in the midstream industry to understand current investment trends

Jeff Fawcett, Managing Director, Nortex Midstream Partners


5.50 Chair’s Closing Remarks And End Of Conference

Day TwoThursday June 27, 2013

NGL & GAS PRODUCTION VOLUMES, MARKETS, TAKEAWAY UPDATES, PROCESSING PLANS AND REGULATIONS


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