Connections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. March /29/2016
|
|
- Ambrose Morris
- 5 years ago
- Views:
Transcription
1 Investor Presentation Presentation Title Presentation Subtitle March /29/2016 Crestwood Midstream Partners LP Crestwood Equity Partners LP
2 Company Information Crestwood Equity Partners LP Contact Information NYSE Ticker CEQP Market Capitalization ($MM) (1,2) $617 Enterprise Value ($MM) (2) $3,724 Annualized Distribution $5.50 Corporate Headquarters 700 Louisiana Street Suite 2550 Houston, TX Investor Relations (713) Forward-Looking Statements The statements in this communication regarding future events, occurrences, circumstances, activities, performance, outcomes and results are forward-looking statements. Although these statements reflect the current views, assumptions and expectations of Crestwood s management, the matters addressed herein are subject to numerous risks and uncertainties which could cause actual activities, performance, outcomes and results to differ materially from those indicated. Such forward-looking statements include, but are not limited to, statements about the benefits that may result from the merger and statements about the future financial and operating results, objectives, expectations and intentions and other statements that are not historical facts. Factors that could result in such differences or otherwise materially affect Crestwood s financial condition, results of operations and cash flows include, without limitation, the possibility that expected cost reductions will not be realized, or will not be realized within the expected timeframe; fluctuations in crude oil, natural gas and NGL prices (including, without limitation, lower commodity prices for sustained periods of time); the extent and success of drilling efforts, as well as the extent and quality of natural gas and crude oil volumes produced within proximity of Crestwood assets; failure or delays by customers in achieving expected production in their oil and gas projects; competitive conditions in the industry and their impact on our ability to connect supplies to Crestwood gathering, processing and transportation assets or systems; actions or inactions taken or non-performance by third parties, including suppliers, contractors, operators, processors, transporters and customers; the ability of Crestwood to consummate acquisitions, successfully integrate the acquired businesses, realize any cost savings and other synergies from any acquisition; changes in the availability and cost of capital; operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond Crestwood s control; timely receipt of necessary government approvals and permits, the ability of Crestwood to control the costs of construction, including costs of materials, labor and right-of-way and other factors that may impact Crestwood s ability to complete projects within budget and on schedule; the effects of existing and future laws and governmental regulations, including environmental and climate change requirements; the effects of existing and future litigation; and risks related to the substantial indebtedness, of either company, as well as other factors disclosed in Crestwood s filings with the U.S. Securities and Exchange Commission. You should read filings made by Crestwood with the U.S. Securities and Exchange Commission, including Annual Reports on Form 10-K and the most recent Quarterly Reports and Current Reports for a more extensive list of factors that could affect results. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management s view only as of the date made. Crestwood does not assume any obligation to update these forward-looking statements. (1) Market price as of 2/24/2016. (2) Unit count and balance sheet data as of 12/31/
3 Key Investor Highlights 3
4 Key Investor Highlights Solid execution in 2015 drives results; Adj. EBITDA increased 6%; OPEX and G&A expenses reduced 9%; LTM coverage ratio ~1.0x Stable cash flow generation in 2016; ~60% of asset base flat to up 5% Strong liquidity position; No senior note maturities until 2020 Diverse and balanced operations located in the most economic US shale plays Strong take-or-pay and fixed-fee contract portfolio; 92% take-or-pay and fixed fee in 2016 No Incentive Distribution Rights Strong sponsorship from First Reserve; $90MM units purchased Q415/Q116; Currently owns 23% common units 4
5 2016 Outlook 2016E Adjusted EBITDA of $490 million to $520 million; ~60% of the business flat to up in E Segment Cash Flow Reduced CAPEX ($MM) 2016E Adj. EBITDA Guidance $490MM - $520MM Segment Contribution ($MM) Storage & Transportation 40% Gathering & Processing 43% Marketing Supply & Logistics 17% (1) Excludes corporate G&A expenses of $65 million. (1) (1) Gathering & Processing Adjusted EBITDA: $235MM - $250MM Volumes trending 15%-20% lower in E cash flow forecasts include conservative forecasts for Barnett and PRB Niobrara assets Segment Outlook Storage & Transportation Adjusted EBITDA: $225MM - $235MM Volumes trending flat to up 5% in 2016 NE S&T and COLT Hub take-orpay contracts drive stable cash flow Marketing, Supply & Logistics Adjusted EBITDA: $95MM - $100MM Flat cash flows in 2016 Marketing business supported by hard assets and long-term relationships 5
6 Repositioning Crestwood in 2015/16 In a challenging market, Crestwood continues to take actionable steps to improve its positioning and broaden its investment appeal Key Items Corporate Structure Streamlined Business In 1Q 2015, completed Project Adapt to cut costs and improve processes and efficiencies In 2Q 2015, restructured operations to Pipeline Services and Marketing, Supply & Logistics divisions Cost Cutting / Reduced Capex In 2015, reduced O&M and G&A expenses by $26MM year-over-year through Project Adapt initiatives Limiting growth capital expenditures to previously committed contractual projects 69.1 MM common units 62.1 MM preferred units Simplification Merger On September 30, 2015, closed merger between Crestwood Equity and Crestwood Midstream Improved cost of capital by eliminating IDRs No IDRs Deleverage Strategy In 2016, Crestwood is pursuing strategic steps to strengthen the balance sheet in lower-for-longer environment Evaluating full range of options, including further CAPEX and cost reductions, divesting of assets, and evaluating appropriate distribution level 6
7 Existing Scale and New Investment Opportunities in the Right Places Crestwood s crude oil and natural gas operations are situated in the highest returning shale plays Over 75% of cash flow is sourced from two premier basins: Marcellus and Bakken Marcellus and Bakken cash flow trading multiples illustrate valuation disconnect Delaware-Permian expansion projects provide opportunity to build third franchise position Scale and diversity of remaining cash flows are competitively positioned across multiple resource plays Bakken Marcellus 7
8 Fixed-Fee Contracts Provide Safety Net 92% of 2016E EBITDA from take-or-pay and fixed-fee contracts Significant cash flow contribution protected from commodity change and volume reduction Contract Portfolio 2016E EBITDA YoY Margin Growth Despite Commodity Prices Crude Oil and Natural Gas Prices Variable Rate Contracts 8% Crude Oil decline: (61%) Natural Gas decline: (45%) Crude Oil Natural Gas Take-or-Pay and Fixed-Fee Contracts 92% Adjusted EBITDA Y-o-Y Adj. EBITDA Growth: 6.4% 55% of EBITDA is guaranteed through takeor-pay contracts 8
9 Expense / Fixed Charge Reduction Strategy Crestwood exceeded stated cost reduction goals in 2015; On-track to remove an additional $10MM in 2016 In 2015, Crestwood materially reduced expenses and fixed charges to improve margins and coverage: Reduced O&M and Adj. G&A (1) costs by $26.4 million in 2015 over 2014 Additional 2016 cost savings of >$10MM; run-rate savings of >$35MM Results drive greater profitability in the current industry environment Increased efficiency without sacrificing customer service, safety or compliance Simplification adds to coverage improvement through fixed charge elimination Total Expenses Total Expenses by Segment ($MM) $350 $300 $250 $299 $253 ($MM) 4Q14 Annualized FY 2015 Total Total Expenses Expenses Variance Gathering & Processing $109 $89 ($20) $200 $150 $100 4Q14 Annualized FY 2015 (1) Adjusted G&A is defined as general and administrative expenses less unit-based compensation charges and significant transaction and environmental related costs and other items. Storage & Transportation $27 $32 $5 Marketing, Supply & Logistics $79 $70 ($9) (1) Adjusted G&A $84 $63 ($21) Total Expenses $299 $253 ($46) %-Change (15.4%) 9
10 Consistent Operating and Financial Results Improving financial performance demonstrates strong baseline cash flow; Q strongly impacted by warm weather Adjusted EBITDA and Margins (1) $18.0 (3) $118.5 Q415 miss of $18mm attributable to unseasonably warm weather; depressed NE regional pricing (2) Natural Gas Volumes Crude Oil Volumes (1) See accompanying tables of non-gaap reconciliations. (2) Cash flow margin is calculated by dividing Adj. EBITDA into Net Revenue. (3) Cash flow margin adjusted for Q shut-in and weather impacts. 10
11 Capital Structure Crestwood has ample liquidity to execute business plan in challenging market Summary Strong liquidity position 1.5 billion revolving credit facility ~50% drawn RCF balance No near-term maturities; attractive long-term capital $1.8 billion senior notes; 6.00%-6.25% coupon Nearest maturity 2020 Capitalization ($ millions) 12/31/2015 Cash $0.5 Total Debt $2,540.3 Total Partners' Capital $2,946.9 Total Capitalization $5,487.2 Credit & Liquidity Stats Total Leverage Ratio 4.75x Senior Secured Leverage Ratio 1.37x Total Leverage Covenant 5.50x Senior Secured Leverage Covenant 3.75x Ample covenant cushion Debt Maturities Strong fixed charge coverage No need to access capital markets in 2016 ($MM) No near-term debt maturities RCF 6% Notes 6.125% Notes 6.25% Notes 11
12 Manageable Counterparty Risk Crestwood has a diverse customer portfolio; producer counterparty risk manageable in the event of continued market deterioration Counterparty Risk Overview 2016E Cash Flow Exposure Diverse customer base is comprised of integrated producers, refiners, utilities, and petrochemical companies The majority of customers well-positioned to navigate a lower-for-longer environment Crestwood is actively monitoring at-risk counterparties to mitigate cash flow risk in 2016 Highly confident in contractual positioning to mitigate cash flow loss from potential bankruptcies Quicksilver Resources Filed for bankruptcy March 2015; Began sales process in Q BlueStone Natural Resources emerged as winning bidder; Must close by March 2016 Binding agreement in place with the back up bidder Long-term resolution likely by Q Manageable counterparty risk in 2016 (1) (1) Represents total annual cash flow contributions from higher risk counterparties. 12
13 Core Operations Update 13
14 Bakken Producers Remain Active Around Crestwood s Assets Bakken has continued to produce sufficient producer wellhead returns 94% of rigs operating in four counties (McKenzie, Williams, Mountrail, Dunn) Permits Filed in Last 120 Days By Arrow Producers 48 ~340 permits have been filed in those four counties in last 120 days Estimated breakeven WTI pricing of $24- $41/bbl in these four core counties Producers improved IP rates, realized cost reductions, and minimized cost to market Reducing days to drill to days As of February 24, Permits Heat Map Crestwood producers continue to achieve strong results: In the last 120 days, Arrow producers have filed approximately 100 permits in the Bakken Halcon expects 2016 wells put online to have an EUR of ~900 Mboe; average D&C of $6.2MM Whiting reported 24-hr IP rate of 4,300 Boe/d on Crestwood s system Source: North Dakota Industrial Commission 14
15 Gathering Volumes (Mboe/d) Adjusted EBITDA ($MM) Bakken Arrow Gathering System Tier 1 acreage dedication with substantial long-term growth through system build out Summary ~150,000 acre dedication under LT contracts Crude, natural gas and water gathering Producers continuing active development through aidin-construction lateral requests Lower operating cost in 2015 improves margin Arrow volumes have increased 14% year-over-year and 76% since Q $25 $20 $15 $10 $5 $0 Arrow Adjusted EBITDA Q1:14 Q2:14 Q3:14 Q4:14 Q1:15 Q2:15 Q3:15 Q4:15 Arrow system connected to COLT Hub through Tesoro and Hiland crude oil pipelines Long-Term Outlook >1,200 estimated future drilling locations new well connects expected in 2016 XTO, WPX and QEP approximately 90% of 2016 development activity Achieved record crude volume of 80 MBbls/d in October 2015 Increasing Gathering Volumes from Continued Drilling Activity Q1:14 Q2:14 Q3:14 Q4:14 Q1:15 Q2:15 Q3:15 Q4:15 (1) Crude Oil Natural Gas Water (1) Natural gas converted to barrels at 6:1. 15
16 Bakken Pipeline /Crude-by-Rail (Bbls/d) Bakken COLT Hub and Connector COLT Hub is the leading Bakken CBR facility linking Bakken crude supply to prime refinery markets Summary Premier crude oil pipeline, storage and CBR facility in the Bakken 160 MBbls/d crude-by-rail facility; 1.2 MMBbls storage capacity; 70 MBbls/d COLT connector pipeline ~300 MBbls/d supply aggregation capacity at COLT Hub (gathering, truck rack, pipelines) Strong refiner customers dependent on the Bakken barrel and crude-by-rail transportation COLT Hub Customers Top 5 Bakken CBR Facilities Maintaining Market Share Going into 2016 Pipeline and CBR remain >1,000 Bbls/d 67% Pipeline / 33% CBR Crestwood s COLT Hub currently ~25% CBR market share Source: Genscape February 2016; EIA. 16
17 Adjusted EBITDA ($MM) NE Marcellus Storage and Transportation Critical infrastructure for NE demand markets (NYC) provide significant level of contracted cash flows and growth opportunities Storage Summary Irreplaceable storage position with top East Coast utility customers: Con Ed, NJNG, NYSEG, PSEG ~41 Bcf of natural gas storage; 99% subscribed Transportation 200 MMcf/d North-South Expansion MARC I / North-South pipeline capacity of ~2.0 Bcf/d connecting to premium north east markets (Millennium, TGP, Transco) North-South Pipeline 200 MMcf/d expansion completed in 2014; expansion fully contracted Long-Term Outlook ~3.5 Bcf/d Marcellus dry gas supply access through upstream gathering and producer connections MARC I Transco Meter Wilmot Receipt Point 530 MMcf/d receipt point at Wilmot in-service MARC I In Q4 2015, secured two anchor shippers for 120 MMcf/d on expansion to Transco MARC II Non-binding indications of interest >700 MMcf/d support connecting MARC I with PennEast $45 $40 $35 $30 $25 $20 $15 $10 Consistent Cash Flow from Take-or-Pay Contracts Q1:14 Q2:14 Q3:14 Q4:14 Q1:15 Q2:15 Q3:15 Q4:15 17
18 SW Marcellus Gathering & Compression Long-term fee-based contracts in southwest Marcellus core production window 20-year, fixed-fee contracts for gathering and compression services with Antero Resources Summary ~140,000 acre dedication (235 wells connected) ~1,850 Antero drilling locations on Crestwood dedication Average IP rate for 2015 well connects of 18 MMcf/d on Crestwood s acreage Current system capacity of 875 MMcf/d 450 MMcf/d MVC on gathering system; compression MVC at ~50% of design capacity Current YTD average volumes of 480 MMcf/d Key Drivers for Future Drilling Antero has 22 DUCs connected to Crestwood s system; Antero expects to bring all of these wells online in 2017 Q4 2015: Regional gathering pipeline provides access to premium priced markets New Southwest Marcellus / Utica pipeline takeaway projects: Antero: 4.0 Bcf/d of firm takeaway by YE2017 will increase favorable price index exposure to 94% of sales 1 SW Marcellus / Utica region: >20 Bcf/d of new firm takeaway by YE2018 will dramatically increase SW Marcellus netbacks Dry gas economics improving with challenged northeast liquids prices Antero Midstream Dedication Area Markwest Sherwood Processing Crestwood Dedication Area Greenbrier Rich Gas Area (1) See November Antero Resources company presentation. 18
19 Delaware-Permian: Reservoir Overview Crestwood s developing position is located in the core of the Wolfcamp and Bone Spring formations The Delaware-Permian offers stacked pay potential and low break-even economics Substantial drilling activity in the past five years has focused on the Wolfcamp and Bone Spring formations Source: Wood Mackenzie May playbook. Summary Wolfcamp Crestwood s developing projects are located in the Western Frontier and Reeves Core Western Frontier Largest expected recoveries, primarily condensate, highest avg. API gravity in the Wolfcamp Avg. well profile: 820 Mboe EUR, 723 Boe/d IP-30, and 24% oil Reeves Core Lowest breakeven sub-play in the Delaware Basin, substantial de-risking since 2013 Avg. well profile: 600 Mboe EUR, 720 Boe/d IP-30, and 59% oil Bone Spring Crestwood s current asset footprint is located in the Western Fairway Western Fairway Top producing Bone Spring sub-play in 2015 Avg. well profile: 589 Mboe EUR, 687 Boe/d IP-30, and 30% oil Wolfcamp Western Frontier Bone Spring Western Fairway Wolfcamp Reeves Core Willow Lake 3-Stream Gathering Project Delaware-Permian Map Northern Delaware Southern Delaware 19
20 Delaware-Permian: Expansion Projects Crestwood is actively expanding its footprint in the heart of the Delaware Permian Basin, the most active shale play in the US 1 Willow Lake Expansion Expanded processing capacity to 50 MMcf/d 41 new wells dedicated to be completed in 2016/2017 Projects: Dublin Ranch to Willow Lake connector, RJT skid, upsized interconnects for increased residue take-away options Placed into service January 2016; on schedule Proposed Expansion Map 2 3-Stream Gathering System 1 Willow Lake Integrated gas, condensate, and water gathering system 600 miles of pipelines spanning over 400,000 acres Full development to include 109,200 of horsepower from 65 compression units at 8 centralized compressor stations 3 Other Long-Term Opportunities Orla Terminal: Capacity of 200 MBbls of crude oil tankage 8 truck loading and unloading bays; up to 64 MBbls/d Additional services include blending, condensate stabilization and 3rd party trucking services Delta Pipeline Condensate pipeline header from Orla to multiple outlets providing access to Cushing, Houston, & Corpus Christi 3-Stream Gathering System 2 3 Orla Terminal 3 Delta Pipeline ~180 mile, 20 pipeline, 200 MBbls/d of capacity 20
21 Crestwood NGL Assets and Services Crestwood is well-positioned to benefit from continued Marcellus/Utica NGL supply growth through its integrated logistics platform including Bath and Seymour storage, ME2 pipeline capacity and Marcus Hook export capability Summary Leading marketer of Marcellus/Utica NGLs Leading Marcellus/Utica NGL Logistics Platform 2.8 MMBbls of Northeast US NGL storage capacity; >500 NGL trucking units; >1,600 NGL railcars Bath NGL Storage Sources, transports, stores and delivers NGLs to domestic and export markets; >350 customers Commenced LPG exports through Marcus Hook, PA Seymour NGL Storage New LPG terminals in WY, RI and NC underway Strong NGL supply continues to push prices lower creating a buying opportunity to build seasonal storage Marketing opportunities to diversify in the West Coast and Rocky Mountain regions 2015E = 490 MBPD UEO-CHK Dominion Blue Racer Crestwood BP Markwest Marcus Hook NGL Exports Servicing Blue Chip Customers 21
22 The Crestwood Investment Opportunity Current Valuation Not Indicative of Business Fundamentals Execution Drives Significant Upside Return Opportunity 1 Diversified / Balanced Portfolio 1 Attractive Valuation Entry Point 2 Fixed Fee / Firm Contract Profile 2 Strengthened Balance Sheet in Solid Financial Results year-over-year Substantial Expense / Fixed Charge Reduction Strong Liquidity / No near-term maturities No Incentive Distribution Rights Leveraged to Volume Growth with Commodity Price Upside Cost of Capital Improvement Expansion Opportunities in Delaware Permian Basin and NE S&T 22
23 Non-GAAP Reconciliations 23
24 CEQP Non-GAAP Reconciliations CRESTWOOD EQUITY PARTNERS LP Reconciliation of Non-GAAP Financial Measures (in millions, unaudited) EBITDA 4th Qtr 3rd Qtr 2nd Qtr 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr 1st Qtr Net income (loss) $ (1,402.4) $ (623.4) $ (296.0) $ 18.1 $ (30.7) $ 11.9 $ (4.8) $ 13.2 Interest and debt expense, net Loss on modification/extinguishment of debt Provision (benefit) for income taxes (1.2) (0.3) (0.3) Depreciation, amortization and accretion EBITDA (a) $ (1,292.4) $ (509.8) $ (169.0) $ $ 76.7 $ $ 99.2 $ Significant items impacting EBITDA: Unit-based compensation charges (Gain) loss on long-lived assets, net (1.2) (0.5) Goodwill impairment Loss on contingent consideration (Earnings) loss from unconsolidated affiliates, net 72.0 (2.8) (5.0) (3.4) (0.6) (0.3) Adjusted EBITDA from unconsolidated affiliates, net Change in fair value of commodity inventory-related derivative contracts (5.3) (3.5) (10.7) Significant transaction and environmental related costs and other items Adjusted EBITDA (a) $ $ $ $ $ $ $ $ Distributable Cash Flow Adjusted EBITDA (a) Cash interest expense (b) (33.5) (33.7) (33.3) (31.8) (29.4) (30.3) (31.2) (30.4) Maintenance capital expenditures (c) (10.0) (4.1) (3.9) (5.4) (9.4) (4.8) (5.7) (7.0) (Provision) benefit for income taxes (0.4) (0.1) (0.2) (0.8) Deficiency payments (0.9) (0.6) 5.7 (0.6) Distributable cash flow attributable to CEQP $ 75.7 $ 95.4 $ $ $ 97.4 $ 96.0 $ 84.4 $ 79.5 Distirbutions to Niobrara Preferred (3.8) (3.8) (3.8) (3.8) Distributable cash flow attributable to CEQP common (d) $ 71.9 $ 91.6 $ 98.1 $ 99.9 $ 97.4 $ 96.0 $ 84.4 $ 79.5 (b) Cash interest expense less amortization of deferred financing costs plus bond premium amortization plus or minus fair value adjustment of interest rate swaps (a) EBITDA is defined as income before income taxes, plus debt-related costs (net interest and debt expense and loss on modification/extinguishment of debt) and depreciation, amortization and accretion expense. In addition, Adjusted EBITDA considers the adjusted earnings impact of our unconsolidated affiliates by adjusting our equity earnings or losses from our unconsolidated affiliates for our proportionate share of their depreciation and interest. Adjusted EBITA also considers the impact of certain significant items, such as unit-based compensation charges, gains and impairments of long-lived assets and goodwill, gains and losses on acquisition-related contingencies, third party costs incurred related to potential and completed acquisitions, certain environmental remediation costs, certain costs related to our 2015 cost savings initiatives, the change in fair value of commodity inventory-related derivative contracts, and other transactions identified in a specific reporting period. The change in fair value of commodity inventory-related derivative contracts is considered in determining Adjusted EBITDA given that the timing of recognizing gains and losses on these derivative contracts differs from the recognition of revenue for the related underlying sale of inventory that these derivatives relate to. Changes in the fair value of other derivative contracts is not considered in determining Adjusted EBITDA given the relatively short-term nature of those derivative contracts. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, as they do not include deductions for items such as depreciation, amortization and accretion, interest and income taxes, which are necessary to maintain our business. EBITDA and Adjusted EBITDA should not be considered an alternative to net income, operating cash flow or any other measure of financial performance presented in accordance with GAAP. EBITDA and Adjusted EBITDA calculations may vary among entities, so our computation may not be comparable to measures used by other companies. (c) M aintenance capital expenditures are defined as those capital expenditures which do not increase operating capacity or revenues from existing levels. (d) Distributable cash flow is defined as Adjusted EBITDA, less cash interest expense, maintenance capital expenditures, income taxes, and deficiency payments (primarily related to deferred revenue). Distributable cash flow should not be considered an alternative to cash flows from operating activities or any other measure of financial performance calculated in accordance with generally accepted accounting principles as those items are used to measure operating performance, liquidity, or the ability to service debt obligations. We believe that distributable cash flow provides additional information for evaluating our ability to declare and pay distributions to unitholders. Distributable cash flow, as we define it, may not be comparable to distributable cash flow or similarly titled measures used by other corporations and partnerships
Simplification Overview and
Simplification Overview and Q1 Presentation 2015 Financial Title & Operating Results Presentation Subtitle 5/5/2015 May 6, 2015 Crestwood Midstream Partners LP Crestwood Equity Partners LP Forward-Looking
More informationConnections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. March /3/2015
Investor Presentation Presentation Title Presentation Subtitle March 2015 3/3/2015 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Midstream Partners LP NYSE
More informationConnections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. March /26/2017
Investor Presentation Presentation Title Presentation Subtitle March 2017 2/26/2017 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Equity Partners LP Contact
More informationConnections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. March /1/2017
Investor Presentation Presentation Title Presentation Subtitle March 2017 3/1/2017 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Equity Partners LP Contact
More informationCrestwood Midstream Partners LP Arrow Acquisition Overview October 10, 2013
Crestwood Midstream Partners LP Arrow Acquisition Overview October 10, 2013 Forward Looking Statements The statements in this communication regarding future events, occurrences, circumstances, activities,
More informationConnections for America s Energy. Jefferies 2017 Investor Conference. Presentation Title 11/28/17
Jefferies 2017 Investor Conference Presentation Title November Presentation 29, 2017 Subtitle 11/28/17 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Equity
More informationConnections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. February /19/2018
Investor Presentation Presentation Title Presentation Subtitle February 2018 2/19/2018 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Equity Partners LP Contact
More informationConnections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. January /9/2018
Investor Presentation Presentation Title Presentation Subtitle January 2018 1/9/2018 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Equity Partners LP Contact
More informationJP Morgan High Yield & Leveraged
JP Morgan High Yield & Leveraged Finance Presentation Conference Title Presentation Subtitle 2/24/2014 February 24-26, 2014 Crestwood Midstream Partners LP Crestwood Equity Partners LP Forward Looking
More informationCrestwood Announces First Quarter 2018 Financial and Operating Results
NEWS RELEASE Crestwood Announces First Quarter 2018 Financial and Operating Results 5/1/2018 Adjusted EBITDA increased 12% year-over-year driven by a 23% increase in G&P segment EBITDA Increased year-over-year
More informationMorgan Stanley Midstream MLP and
Morgan Stanley Midstream MLP and Diversified Presentation Natural Title Gas Corporate Presentation Subtitle Access Event 3/2/2014 March 4-5, 2014 Crestwood Midstream Partners LP Crestwood Equity Partners
More informationConnections for America s Energy. Investor Presentation. Presentation Title. Presentation Subtitle. August /8/2018
Investor Presentation Presentation Title Presentation Subtitle August 2018 8/8/2018 Crestwood Midstream Partners LP Crestwood Equity Partners LP Company Information Crestwood Equity Partners LP Contact
More informationInvestor Presentation. March 2-4, 2015 Strong. Innovative. Growing.
Investor Presentation March 2-4, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws.
More information2013 Citi One-on-One MLP / Midstream Infrastructure Conference August 21-22, 2013
2013 Citi One-on-One MLP / Midstream Infrastructure Conference August 21-22, 2013 Additional Information and Where to Find it This communication contains information about the proposed merger transaction
More informationUBS One-on-One MLP Conference
UBS One-on-One MLP Conference January 13, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationConnections for America s Energy. Wells Fargo 2013 Annual Energy Symposium. Presentation Title. Presentation Subtitle 12/10/2013. December 10-11, 2013
Wells Fargo 2013 Annual Energy Symposium Presentation Title Presentation Subtitle 12/10/2013 December 10-11, 2013 Crestwood Midstream Partners LP Crestwood Equity Partners LP Forward Looking Statements
More informationCiti One-On-One MLP / Midstream Infrastructure Conference. August 20, 2014 Strong. Innovative. Growing.
Citi One-On-One MLP / Midstream Infrastructure Conference August 20, 2014 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning
More informationRBC Capital Markets MLP Conference
RBC Capital Markets MLP Conference November 18, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationCredit Suisse MLP & Energy Logistics Conference
Credit Suisse MLP & Energy Logistics Conference June 23, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal
More informationCiti 2014 MLP/Midstream
Citi 2014 MLP/Midstream Infrastructure Presentation Conference Title Presentation Subtitle 9/22/2014 August 20-21, 2014 Crestwood Midstream Partners LP Crestwood Equity Partners LP Forward Looking Statements
More informationWells Fargo Pipeline, MLP and Utility Symposium
Wells Fargo Pipeline, MLP and Utility Symposium December 6 & 7, 2016 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning
More informationGoldman Sachs Power, Utilities, MLP & Pipeline Conference. August 11, 2015 Strong. Innovative. Growing.
Goldman Sachs Power, Utilities, MLP & Pipeline Conference August 11, 2015 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning
More informationSecond Quarter 2016 Earnings Call Presentation August 3, 2016
Second Quarter 216 Earnings Call Presentation August 3, 216 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements, other than statements of historical facts,
More informationWilliams and Williams Partners Fourth Quarter 2017 Earnings Call
WE MAKE ENERGY HAPPEN Williams and Williams Partners Fourth Quarter 2017 Earnings Call February 15, 2018 NYSE: WMB NYSE: WPZ williams.com Atlantic Sunrise Expansion Project FOURTH QUARTER 2017 EARNINGS
More informationJANUARY 23, 2017 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS
2017 GUIDANCE JANUARY 23, 2017 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within
More informationForward Looking Statements
January 2010 1 Forward Looking Statements This presentation contains forward looking statements within the meaning of the federal securities laws. Forward looking statements are not guarantees of performance.
More informationTarga Resources Corp. Fourth Quarter 2018 Earnings & 2019 Guidance Supplement February 20, 2019
Targa Resources Corp. Fourth Quarter 2018 Earnings & 2019 Guidance Supplement February 20, 2019 Forward Looking Statements Certain statements in this presentation are "forward-looking statements" within
More informationThird-Quarter 2017 Earnings Conference Call Presentation. October 26, 2017
Third-Quarter 2017 Earnings Conference Call Presentation October 26, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws
More informationUtica Midstream Summit MarkWest Update. April 4, 2018
Utica Midstream Summit MarkWest Update April 4, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding MPLX LP ( MPLX
More informationPresentation Title. Crestwood Equity Partners LP. Presentation Subtitle. Darrel Hagerman- VP-Commercial & Business Development
Presentation Title Presentation Subtitle 30/07/2015 Crestwood Midstream Partners LP Darrel Hagerman- VP-Commercial & Business Development Permian Midstream Congress July 29 th and 30 th, 2015 Crestwood
More informationSecond-Quarter 2017 Earnings Conference Call Presentation. July 27, 2017
Second-Quarter 2017 Earnings Conference Call Presentation July 27, 2017 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding
More informationFourth-Quarter 2017 Earnings Conference Call Presentation. February 1, 2018
Fourth-Quarter 2017 Earnings Conference Call Presentation February 1, 2018 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws
More informationInvestor Presentation. January 4, 2017
Investor Presentation January 4, 2017 Forward-Looking Statements Cautionary Statement Regardng Forward-Looking Statements This presentation contains or incorporates by reference forward-looking statements
More informationMorgan Stanley MLP Bus Tour
Morgan Stanley MLP Bus Tour January 26, 2016 Strong. Innovative. Growing. 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationFINANCIAL & OPERATIONAL GUIDANCE
2018 FINANCIAL & OPERATIONAL GUIDANCE February 6, 2018 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS FORWARD-LOOKING STATEMENTS This presentation contains forward-looking
More informationInvestor Relations Presentation
Investor Relations Presentation EQT Midstream Partners-EQT GP Holdings June 2017 1 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do
More informationInvestor Presentation. December 2016
Investor Presentation December 2016 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate by reference forward-looking statements as defined
More informationWells Fargo Pipeline, MLP & Energy Symposium
Wells Fargo Pipeline, MLP & Energy Symposium Barry E. Davis President & Chief Executive Officer December 11, 2013 RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 1 Forward-Looking Statements & Non-GAAP
More informationMidcoast Energy Partners, L.P. Investment Community Presentation. March 2014
Midcoast Energy Partners, L.P. Investment Community Presentation March 2014 Forward Looking Statement This presentation includes forward-looking statements, which are statements that frequently use words
More informationWilliams and Williams Partners Third Quarter Earnings Call
WE MAKE ENERGY HAPPEN Williams and Williams Partners Third Quarter Earnings Call November 2, 2017 NYSE: WMB NYSE: WPZ williams.com Atlantic Sunrise Pipe Yard 3Q 2016 3Q 2017 THIRD QUARTER EARNINGS CALL
More informationWilliams and Williams Partners 2 nd Quarter Earnings Call August 2, 2018
WE MAKE ENERGY HAPPEN NYSE: WMB NYSE: WPZ williams.com Williams and Williams Partners 2 nd Quarter Earnings Call August 2, 2018 ATLANTIC SUNRISE CONSTRUCTION Transco Pipeline, Pennsylvania ATLANTIC SUNRISE
More informationInvestor Presentation. February 2019
Investor Presentation February 2019 Cautionary Statement Disclosures in this presentation contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of
More information3Q 2017 Investor Update. Rick Muncrief, Chairman and CEO Nov. 2, 2017
3Q 2017 Investor Update Rick Muncrief, Chairman and CEO Nov. 2, 2017 Recent Highlights Raising 2017 oil growth guidance from 40% to 45% year-over-year Current oil production averaging 75,000 BBL/D Increasing
More informationCHESAPEAKE MIDSTREAM PARTNERS MARCELLUS ACQUISITION
CHESAPEAKE MIDSTREAM PARTNERS MARCELLUS ACQUISITION DECEMBER 2011 ACCESSING THE GROWTH PLATFORM! Best in Class Midstream Business Model Differentiated Growth Platform Marcellus Acquisition Transaction
More informationAntero Resources Reports First Quarter 2013 Results
Antero Resources Reports First Quarter 2013 Results DENVER, May 13, 2013 /PRNewswire/ -- Highlights: Net daily production averaged 383 MMcfe/d, up 114% over first quarter 2012 production from continuing
More informationRBC Capital Markets 2013 MLP Conference
RBC Capital Markets 2013 MLP Conference November 21, 2013 RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE. 1 Forward-Looking Statements & Non-GAAP Financial Information This presentation contains forward
More information2 nd Quarter Operations Report AUGUST 2017
2 nd Quarter Operations Report AUGUST 207 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS INVESTOR NOTICE This presentation contains forward-looking statements within
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) Master Limited Partnership Association 2016 Investor Conference June 2016 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics
More informationWhite Cliffs Pipeline. David Minielly VP Operations
White Cliffs Pipeline David Minielly VP Operations 1 Forward-looking Information Certain matters contained in this presentation include forward-looking statements within the meaning of Section 27A of the
More information1Q 2017 Investor Update. Rick Muncrief, Chairman and Chief Executive Officer May 4, 2017
1Q 2017 Investor Update Rick Muncrief, Chairman and Chief Executive Officer May 4, 2017 Foundation in Place for Enhancing and Accelerating Value POSITIONED PRUDENT WILLISTON BASIN FLEXIBLE SAN JUAN BASIN
More information2017 WELLS FARGO PIPELINE, MLP AND UTILITY SYMPOSIUM
207 WELLS FARGO PIPELINE, MLP AND UTILITY SYMPOSIUM December 6, 207 Forward Looking Statements All statements in this presentation (and oral statements made regarding the subjects of this presentation)
More informationMay 9, First Quarter 2018 Results Earnings Conference Call
May 9, 2018 Earnings Conference Call Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA and Total Segment Profit, are not GAAP measures and are not intended to be used in lieu of
More informationENERGY TRANSFER EQUITY, L.P.
ENERGY TRANSFER EQUITY L.P. Credit Suisse Conference June 23 2015 Jamie Welch Group CFO DISCLAIMER This presentation relates to a presentation the management of Energy Transfer Equity L.P. (ETE) will give
More informationFOURTH QUARTER 2017 EARNINGS CALL FEBRUARY 22, 2018
FOURTH QUARTER 2017 EARNINGS CALL FEBRUARY 22, 2018 Recent Highlights OPERATIONAL Oil grew 68% 1 Set well productivity records in the Williston 2 Strong long-lateral results in the Delaware FINANCIAL Unhedged
More informationRICK MUNCRIEF, CHAIRMAN & CEO FEBRUARY 21, 2019 NYSE: WPX
RICK MUNCRIEF, CHAIRMAN & CEO FEBRUARY 21, 2019 NYSE: WPX 2018: A Pivotal Year of Progress W I L L I S T O N P E R M I A N FOCUSED PORTFOLIO Sold San Juan Gallup in 2018 to become a premier operator in
More informationScotia Howard Weil Energy Conference
Scotia Howard Weil Energy Conference Rick Muncrief, President and CEO March 2-22, 206 Premier Asset Portfolio Coming Into Focus 2 WPX Profile: World-Class Delaware Position WPX TODAY World-Class Delaware
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP Fourth Quarter 2014 Conference Call February 18, 2015 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking
More informationCasper Terminal Acquisition
Casper Terminal Acquisition October 2015 Cautionary Statements This presentation may contain forward-looking statements within the meaning of U.S. federal securities laws, including statements related
More informationCreating Superior Value Go for Extraordinary
Creating Superior Value Go for Extraordinary Mizuho Energy Summit April 9-10, 2018 Forward Looking Statements This presentation (and oral statements made regarding the subjects of this presentation) includes
More informationSecond Quarter 2018 Update
PEOPLE PROCESS TECHNOLOGY Second Quarter 2018 Update August 8, 2018 Earnings Call Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate
More informationMEIC FIRESIDE CHAT. May 23, 2018
MEIC FIRESIDE CHAT May 23, 2018 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws. Although these statements reflect the
More informationCapital Link Master Limited Partnership Investing Forum
Capital Link Master Limited Partnership Investing Forum March 2, 2017 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning
More informationTarga Resources Corp. Announces Delaware Basin and Grand Prix Expansions March 2018
Targa Resources Corp. Announces Delaware Basin and Grand Prix Expansions March 2018 Forward Looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning
More informationInvestor Presentation
PEOPLE PROCESS TECHNOLOGY Investor Presentation December 2018 Forward-Looking Statements Under the Private Securities Litigation Reform Act of 1995 This document may contain or incorporate by reference
More informationDriving Distinctive Growth Goldman Sachs 2017 Global Energy Conference January 2017
Driving Distinctive Growth Goldman Sachs 2017 Global Energy Conference January 2017 2015 Tesoro Corporation. All Rights Reserved. Forward Looking Statements On November 17, 2016, our sponsor, Tesoro Corporation,
More informationINVESTOR PRESENTATION MAY 2016
INVESTOR PRESENTATION MAY 2016 Forward Looking Statements Some of the information included herein may contain forward-looking statements within the meaning of the federal securities laws. Forwardlooking
More informationCapital One 13 th Annual Energy Conference. December 5, 2018
Capital One 13 th Annual Energy Conference December 5, 2018 1 Important Disclosures Forward-Looking Statements and Risk Factors The information in this presentation includes forward-looking statements.
More informationCredit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN
Credit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN Forward-Looking Statements This presentation contains forward-looking statements. Forward-looking statements relate to future
More information2018 Update and 2019 Outlook
PEOPLE PROCESS TECHNOLOGY 2018 Update and 2019 Outlook February 12, 2019 Earnings Call Forward-Looking Statements Under the Private Securities Litigation Reform Act of 1995 This document may contain or
More informationShea Snyder. Devon Energy and Crosstex Energy to Create New Midstream Business
News Release Devon Investor Contacts Scott Coody Shea Snyder 405 552 4735 405 552 4782 Devon Media Contact Chip Minty 405 228 8647 Crosstex Investor & Media Contact Jill McMillan 214 721 9271 Devon Energy
More informationEnerCom s The Oil & Gas Conference. August 15, 2012
EnerCom s The Oil & Gas Conference August 15, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach to business
More informationThird Quarter 2016 Earnings Call Presentation October 27, 2016
Third Quarter 2016 Earnings Call Presentation October 27, 2016 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) UBS MLP One-on-One Conference January 2017 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics LP ( PBFX ), PBF Energy Inc.
More informationInvestor Presentation. July 2017
Investor Presentation July 2017 Forward Looking Statements & Non GAAP Financial Measures This presentation includes forward looking statements within the meaning of Section 27A of the Securities Act of
More informationDECEMBER 2018 INVESTOR PRESENTATION. December 4, 2018
DECEMBER 2018 INVESTOR PRESENTATION December 4, 2018 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws. Although these statements
More informationTarga Resources Corp. (NYSE:TRGP)
Targa Resources Corp. (NYSE:TRGP) Investor Presentation March 2015 Forward Looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning of Section 27A
More informationNYSE: WLL. WLL: Strongly Positioned The Premier Bakken & Niobrara Operator Corporate Presentation November 2016
WLL: Strongly Positioned The Premier Bakken & Niobrara Operator Corporate Presentation November 2016 Forward-Looking Statements and Non-GAAP Measures This presentation contains statements that Whiting
More information1Q 2018 Earnings Presentation May 8, 2018 CRZO
1Q 218 Earnings Presentation May 8, 218 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, beliefs, projections,
More informationInvestor Presentation. Third Quarter 2015
Investor Presentation Third Quarter 2015 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A of the Securities
More informationAntero Midstream and AMGP Report Second Quarter 2018 Financial and Operating Results
Antero Midstream and AMGP Report Second Quarter 2018 Financial and Operating Results Denver, Colorado, August 1, 2018 Antero Midstream Partners LP (NYSE: AM) ( Antero Midstream or the Partnership ) and
More informationFIXED INCOME INVESTOR UPDATE. July 2017
FIXED INCOME INVESTOR UPDATE July 2017 FORWARD-LOOKING STATEMENTS Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements
More informationInvestor Relations Presentation
Investor Relations Presentation EQT Midstream Partners-EQT GP Holdings February 2018 1 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that
More informationAntero Resources Reports Third Quarter 2013 Financial and Operational Results
Antero Resources Reports Third Quarter 2013 Financial and Operational Results Highlights: Net daily production averaged 566 MMcfe/d, a 25% increase over second quarter 2013 and a 128% increase over third
More informationSECOND QUARTER 2015 CONFERENCE CALL PRESENTATION. August 5, 2015
SECOND QUARTER 2015 CONFERENCE CALL PRESENTATION August 5, 2015 NON-GAAP FINANCIAL MEASURES / FORWARD-LOOKING STATEMENTS We use non- generally accepted accounting principles ( non- GAAP ) financial measures
More informationIPAA Oil & Gas Investment Symposium Presentation April 13, :35 p.m.
IPAA Oil & Gas Investment Symposium Presentation April 13, 2011 1:35 p.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Ticker: UNT / NYSE
More information2017 MLPA Investor Conference
2017 MLPA Investor Conference May 31 June 2, 2017 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning of the federal securities
More informationAntero Resources Reports Third Quarter 2013 Financial and Operational Results
Antero Resources Reports Third Quarter 2013 Financial and Operational Results DENVER, Nov. 6, 2013 /PRNewswire/ -- (Logo: http://photos.prnewswire.com/prnh/20131101/la09101logo) Highlights: Net daily production
More informationMidstream Oil Market Update IPAA/TIPRO Luncheon
Midstream Oil Market Update IPAA/TIPRO Luncheon Willie Chiang, EVP & COO U.S. September 13 th, 2017 1 Forward-Looking Statements & Non-GAAP Financial Measures Disclosure This presentation contains forward-looking
More informationJ.P. MORGAN ENERGY CONFERENCE. June 18, 2018
J.P. MORGAN ENERGY CONFERENCE June 18, 2018 WPX Today MARKET SNAPSHOT 1 NYSE SYMBOL: WPX MARKET CAP: $7.4B ENTERPRISE VALUE: $9.7B PRODUCTION (1Q): 102.7 MBOE/D OIL GROWTH Y/Y 5 : 49% WILLISTON DELAWARE
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP Fourth Quarter 2016 Conference Call February 21, 2017 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking
More informationTall Oak Midstream Acquisition December 7, 2015
Tall Oak Midstream Acquisition December 7, 2015 Strong. Innovative. Growing. Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationFourth Quarter 2018 Earnings & 2019 Guidance Call
Fourth Quarter 2018 Earnings & 2019 Guidance Call February 19, 2019 2 Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of federal securities law.
More informationPDC Energy Announces 2018 First Quarter Operating and Financial Results Including Production Increase of 34% to 8.9 Million Barrels of Oil Equivalent
PDC Energy Announces 2018 First Quarter Operating and Financial Results Including Production Increase of 34% to 8.9 Million Barrels of Oil Equivalent May 2, 2018 DENVER, May 02, 2018 (GLOBE NEWSWIRE) --
More information947 MMcfe/d. 3.1 Tcfe
1 June 2015 Forward looking Statements This presentation contains projections and other forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of
More information2017 Citi. One-on-One MLP / Midstream Infrastructure Conference
2017 Citi One-on-One MLP / Midstream Infrastructure Conference Aug 16 17, 2017 Forward-Looking Statements Statements contained in this presentation other than statements of historical fact are forward-looking
More informationUBS MLP One-on-One Conference
UBS MLP One-on-One Conference January 12-13 Park City, UT Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning of Section 27A
More informationAugust Investor Presentation
August 2017 Investor Presentation Forward-Looking / Cautionary Statements Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities
More informationPartnership Profile. June 2017
Partnership Profile June 2017 Forward-Looking Information and Non-GAAP Measures This presentation may contain forward-looking statements within the meaning of securities laws. Forward-looking statements
More informationJefferies 2012 Global Energy Conference
Jefferies 2012 Global Energy Conference November 29, 2012 NASDAQ: CPNO 1 Disclaimer Forward-Looking Statements This presentation includes forward-looking statements, as defined in the federal securities
More informationEnable Midstream Partners, LP
Enable Midstream Partners, LP MLPA 2016 Investor Conference June 3, 2016 Forward-looking Statements This presentation and the oral statements made in connection herewith may contain forward-looking statements
More information