2018 permicon event guide - rbn energy · 2018-10-14 · 8 9 2018 permicon event guide permicon...

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2018 PermiCon Event Guide

We are thrilled to have you join us for our inaugural

PermiCon conference here in Houston Texas! There has

never been anything like the 2018 Permian Basin! Since

2013, oil production has tripled, gas production has

doubled and NGLs are up about 2.5 times. Within two

years, the Permian will produce as much crude oil as the

entire U.S. did ten years ago. Crude oil pipelines out of

the Permian are filled to the brim and the differentials

between crude in Midland and both the Gulf Coast

and Cushing have blown out. It is the same for natural

gas, with pipe capacity nearly maxed out and basis

wide. Relief for both gas and crude is more than a year

away with a total of 5 oil and 7 gas pipeline greenfield

takeaway projects in the works, plus a host of expansion

projects. So far NGLs have avoided a similar traffic jam,

but only because 41 new gas processing plants are

online, another 25 are in development, and 5 new pipe

ContentsWelcome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Agenda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Agenda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

PermiCon Speaker Bios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5


PermiCon Speaker Bios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7


RBN Energy Market Intelligence Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

RBN Energy Market Intelligence Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Companies in Attendance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

projects will provide an additional 1.6 million barrels per

day of capacity to the Gulf Coast.

The opportunities - and the risks - inherent in today’s

Permian market are unprecedented. To make sense

out of what is over the next Permian horizon, RBN is

bringing together the views of top executives from

Permian produwcers and midstreamers, along with the

latest analysis of Permian production, infrastructure and

takeaway capacity.

We call this conference PermiCon! Our goal is to bridge

the gap between fundamentals analysis and boots-

on-the-ground market intelligence. This is where data

and knowhow come together, to explain what you

need to know about the next phase of development

for the basin.

— The RBN Energy Team

Welcome

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6:30 Check In

8:00 The Big Picture Welcome and Introductions With a Permian Well, They Cried More, More, More

8:40 Permian Producers and Production Morning Keynote

9:15 RBN Perspectives: Permian Producers: Huge Opportunities, Big Challenges

9:35 Morning Break

10:00 Producer Panel Moderator: David Braziel

10:50 Midstream – Crude Oil RBN Perspectives: Crude Oil Transportation, Takeaway and Projects

11:10 Crude Midstream Panel Moderator: Ken Snyder

12:00 Lunch

1:00 Midstream - Natural Gas, Gas Processing, NGLs RBN Perspectives: Natural Gas Takeaway - Projects, Mexico, LNG

1:20 RBN Perspectives: NGL Production Forecast, Takeaway, MB Fractionation

1:50 Gas and NGL Midstream Panel Moderator: Rusty Braziel

2:35 Afternoon Break

3:00 What the Permian Means for the Broader Markets Afternoon Keynote

3:35 What’s Next for the Permian You Ain’t Seen Nothing Yet

3:50 Wheelin and Dealin - What’s Next for the Permian Panel Moderator: Rusty Braziel

4:45 Cocktail Reception

Agenda – Morning Session Agenda – Afternoon Session

Rusty BrazielCEO, RBN Energy

Jason FergusonRBN Energy

Rusty BrazielCEO, RBN Energy

John Christmann CEO, Apache

Kelly Van HullRBN Energy

Alan Armstrong CEO, Williams

David Braziel RBN Energy

John Zanner RBN Energy

Kevin LaffertySVP, Devon

Mike Mears CEO, Magellan

Dan Westcott President,

Legacy

Jeremy Goebel SVP, Plains

Stephanie Reed SVP, Parsley

Heath Deneke EVP, Crestwood

Brian Freed SVP Apache,

CEO Altus

Zach Lee CEO ARM & Salt Creek

Tom Whitener President, Energy

Spectrum

Christer Rundlof CEO, WhiteWater

Ken SnyderCCO, Frontier

MidstreamUzi Yemin CEO, Delek

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PermiCon Speaker Bios PermiCon Speaker Bios

Rusty Braziel, CEO, RBN EnergyMr. Braziel is a consultant, author, speaker and CEO and founder of RBN Energy. He has

worked in executive capacities for Texaco, Williams, Altra Energy and BENTEK Energy in the

past 20 years, becoming one of the most respected authorities in the industry. He holds an

MBA and BBA in finance from Stephen F. Austin State University.

Dan Wescott, President, Legacy ReservesMr. Wescott was appointed Executive Vice President and CEO at Legacy Reserves in 2012

and assumed the role of President in 2018. He previously held roles at GSO Capital Partners

and J.P. Morgan. Wescott received his BA in science technology and society and an MS in

management science from Stanford University.

John Christmann, CEO and President, ApacheMr. Christmann was appointed as Apache’s CEO in January 2015 and has served in various

business development and management roles at Apache since 1997. Mr. Christmann

received his bachelor’s degree in petroleum engineering from the Colorado School of Mines

and an MBA from Southern Methodist University.

John Zanner, Senior Analyst, RBN EnergyMr. Zanner is a senior fundamental energy analyst at RBN Energy. He previously worked in

midstream operations and business development for Rocky Mountain Crude Oil and served

as a scheduler and analyst at Twin Eagle. He holds a BA in economics and communications

from Denison University.

David Braziel, Managing Director, RBN EnergyMr. Braziel has served as RBN’s Managing Director of Finance and Fundamental Analysis since

2013. He previously worked for BENTEK, Apache Corporation and Direct Energy in analytical

roles. He earned a BBA in finance from Baylor University and received his MBA from the

University of Houston.

Mike Mears, CEO, MagellanMr. Mears has served as Chairman of the Board, President and CEO of Magellan’s general

partner since 2011. Prior to joining Magellan in 2004, he served as a VP of subsidiaries of

Williams and worked in various management positions with Williams Pipe Line Company

(now known as Magellan Pipeline Company, L.P.) after he joined in 1985. He holds a BS in

engineering from Colorado School of Mines.

Stephanie Reed, SVP, Parsley Energy Ms. Reed is the Senior Vice President, Land for Parsley. She joined in 2010 and previously

served as Investor Relations Manager. Before joining Parsley, Ms. Reed worked for a law

practice in various roles, and spent time as an independent landman. She holds a BS from

Texas Tech University and an MBA from the Rawls College of Business at Texas Tech.

Ezra Uzi Yemin, Chairman, President and CEO, Delek USMr. Yemin has served as the Chairman of Delek’s board since 2012, as the CEO since 2004

and as president and a director since 2001. He has served as the chairman of the board of

directors and CEO of Delek Logistics GP, LLC since 2012. His duties include the formulation

of policies and strategic direction, oversight of executives, and overall responsibility for

operations and performance.

Kevin Lafferty, SVP, Devon EnergyMr. Lafferty is Senior Vice President of Exploration and Production for Devon Energy.

He oversees environment, health and safety, IT, data and analytics, strategic planning,

marketing and supply chain. Prior to joining Devon in 2009, Lafferty worked for

ConocoPhillips and Enbridge Inc. He holds a bachelor’s degree in chemical

engineering from the University of Kansas.

Jeremy Goebel, Senior Group Vice President, Commercial, Plains All AmericanMr. Goebel joined Plains in 2013 and recently became responsible for Strategic Planning

& Acquisitions. Prior to joining, he served in various roles for Simmons & Company

International’s corporate finance practice and a number of engineering and business

management roles for Chevron and Authentix. Mr. Goebel holds a BS in chemical engineering

and an MBA from the University of Texas.

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PermiCon Speaker Bios RBN Energy Market Intelligence Services

Jason Ferguson, Senior Analyst, RBN EnergyMr. Ferguson is a fundamental energy analyst at RBN. He’s previously held analyst roles

at Koch Energy Services, Shell and Goldfinch Capital, and started his career as a chemical

engineer with ExxonMobil. He holds a BS in chemical engineering from the University of

Arkansas at Fayetteville and an MBA from Northwestern University - Kellogg School of

Management.

We appreciate you joining the RBN Energy team and our

distinguished speakers at PermiCon. RBN Energy is about

making connections across energy markets, and we do

this by bringing together industry leaders in thought

provoking discussions, as is on display at PermiCon, and

through our market intelligence subscription services.

Kelly Van Hull, Director of Energy Analytics, RBN Energy As RBN’s director of energy analytics, Ms. Van Hull is responsible for developing and updating

RBN’s NGL models for all the major basins. She also plays a lead role in NGL-focused

consulting engagements. Prior to RBN, she held roles at BENTEK Energy and Saddle Butte

Pipeline. Ms. Van Hull holds a BA in economics from the University of Michigan.

Heath Deneke, EVP, CrestwoodMr. Deneke is Crestwood’s Executive Vice President and Chief Operating Officer responsible

for commercial development and operations. He joined Crestwood in May 2012 following a

17-year career at El Paso Corporation and its predecessor companies. He is currently serving

on the board of directors of Bay West LLC. Mr. Deneke has a bachelor’s degree in mechanical

engineering from Auburn University.

Brian Freed, SVP, Apache, CEO, AltusMr. Freed is the Senior Vice President of Midstream and Marketing for Apache and the CEO

of Altus Energy. Prior to joining Apache, he held executive roles at Rangeland Energy, Inergy

and Crestwood. Mr. Freed earned his BS in finance from West Virginia University and served

with honor and distinction as a field artillery officer in the United States Army, achieving

the rank of captain.

Zach Lee, CEO, ARM Energy and Salt CreekPrior to forming Asset Risk Management in 2004, Mr. Lee worked for Duke Energy Trading &

Marketing and Entergy-Koch Trading in a number of trading roles with a focus on the natural

gas and power markets. He is a graduate of Texas A&M University.

Backstage Pass RBN’s premium services all under one package offering. These include Drill-Down Reports, Daily Blog with Archive Access, Spotcheck Indicators, Market Fundamentals Webcasts, and Industry Networking Events.

NATGAS Permian A weekly natural gas fundamentals analysis report focusing entirely on the key market drivers within the Permian Basin. The report contains details and forecasts around the region’s natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.

NATGAS Billboard A daily, early morning email and report that provides an up-to-the-minute update on our view of the U.S. natural gas market outlook, including storage injections/withdrawals and price. Billboard’s models incorporate pipeline flow data, a weather model, electricity demand data and more.

Crude Oil Gusher A weekly breakdown of U.S. crude oil production, demand, storage, imports/exports, and prices. The data and analysis are displayed in an easily digestible format, including forecasts and commentary describing the driving factors behind evolving market dynamics.

Crude Voyager A weekly analysis of U.S. Gulf Coast loading activity that explains the ebbs and flows of crude loadings, destinations, and geopolitical issues impacting U.S. exports. It outlines the major paths for laden tankers hauling U.S. crude all over the world and reflects the change in tanker departures to the main regions that consume U.S. crude. The Crude Voyager also comes with a quarterly supplement, which provides a detailed look at individual ports and new expansion projects.

LNG Voyager A weekly update of U.S. LNG exports, including data, analysis and market intelligence on factors affecting feedgas and LNG export volumes, prices, and quarterly updates on infrastructure, including liquefaction and pipeline projects and capacity contracts. The report also provides forward-looking fundamental insights on the effects of LNG exports, Northeast pipeline reversals and Haynesville production on the Louisiana gas market.

You will find a description of all RBN’s current offerings

on the next two pages, and additional details can be

found on our website www.rbnenergy.com or by

contacting TJ Braziel at [email protected]

and 281-819-1983.

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RBN Energy Market Intelligence Services Companies in Attendance

NGL Voyager A comprehensive market analysis of natural gas liquids markets driven by fundamentals and combined with the latest industry buzz. The report examines U.S. export trends for propane, butane and ethane, including port of origin, destination and volume. The service also has a bi-monthly Historical Data Excel File available.

Maps & GIS RBN’s Mapping Services include a store of prebuilt digital and physical infrastructure map, our online Midstream Infrastructure Database Interface (MIDI) interactive map tool, and Custom GIS Services.

Cushing Crude Oil Playbook

RBN’s Cushing Crude Oil Playbook breaks down the hub’s assets, including the placement, ownership and capacities of the 300-plus storage tanks totaling 90 million barrels of capacity and the 30-plus pipelines that connect the Cushing to other producing regions and destination markets.

School of Energy RBN’s unique School of Energy provides a genuine classroom-style setting for students to learn the fundamentals of the natural gas, crude oil, and NGL markets, and the interrelationships between those markets. The coursework is refreshed to incorporate the most relevant market dynamics and taught using an extensive series of hands-on exercises. For each module, instructors provide Excel analytical models that students learn onsite and then take with them. RBN holds two School of Energy programs? each year.

Consulting Services RBN provides a broad range of consulting services across the natural gas, crude oil, condensate and NGL markets. We specialize in helping clients understand, formulate and implement strategies around the rapid changes emerging across all these energy industry segments. Our services range from strategic advice on fundamental shifts, and helping businesses transition from one hydrocarbon market model to another, to due diligence in mergers and acquisitions advising on legal/regulatory issues and aiding in the development of new markets unfamiliar to the client.

Advisory Services When deeper involvement in legal and regulatory matters is necessary, RBN provides expert advice on regulatory policy, expert testimony in regulatory or civil litigation, and expert technical support in areas such as rates and tariff conditions for gas and liquids pipelines. RBN also provides high-level policy advice to the natural gas and electric power industries in areas such as issues around gas-fired power generation, the impact of LNG exports, and the overall resilience of the natural gas industry.

About RBN Energy RBN Energy is about making connections across energy markets. We connect energy data with the information needed to understand that data. We connect physical markets for energy commodities with financial markets for managing price risk. And we connect people who need energy markets information with those that provide that information.

4 J EnergyADI AnalyticsAjex ResourcesAlign Midstream PartnersAlliance BernsteinAlta Invest SAAmegy BankAmerican Commercial LinesAmerican EthaneAmeriGas PropaneAnadarko Petroleum CorporationAndeavorApache CorporationAra PartnersARB MidstreamArchrockArgus MediaARM EnergyAscent ResourcesAtalan Capital ManagementAtlantic Trading & Marketing FinancialATMI - Atlantic Trading and MarketingB-29 InvestmentsBadlands Tank LinesBaker & O’BrienBank of America Merrill LynchBarclays BankBarrelTEXBASF CorporationBBVA CompassBHP BillitonBioUrja TradingBlack Bay Energy CapitalBlackRockBloombergBlue Racer MidstreamBMO CapitalBoardwalk Pipeline PartnersBoston Consulting GroupBP Capital Fund AdvisorsBP Corporation North America IncBraskemBreitburn OperatingBrock Stratton RidgeBrown AdvisoryBrown Brothers Harriman & Co.Burns & McDonnellCaballoloco MidstreamCabot Microelectronics Corp.Caliche Development PartnersCaliche StorageCallon PetroleumCandor EnergyCandor MidstreamCanyon Midstream PartnersCapital One BankCaprock MidstreamCargillCastleton Commodities InternationalCCNGCentennial Resource DevelopmentCFEnergia S.A. de C.V.Chambers Energy CapitalChevron Phillips Chemical Co.Chevron U.S.A.Chrisma Energy SolutionsCanadian Imperial Bank of CommerceCimarex Energy CompanyCitadel Enterprise AmericasCITGO Petroleum Corporation

CitiCitizen EnergyClear ForkCluster CommunicationsCoBank ACBCody Investments IncCogent MidstreamColumbia Center on Global Energy PolicyComisión Federal de ElectricidadConcho ResourcesConoco PhillipsConstellationConsultantCopperwood EnergyCore CapitalCorval Builders and ErectorsCovenant ContractsCP EnergyCPPIB - Canada Pension Plan Investment BoardCredit SightsCredit Suisse Investment BankingCrestone Peak ResourcesCrestview PartnersCrestwood Midstream PartnersCross Country Infrastructure ServicesCypress EagleDCP MidstreamDelek USDevon EnergyDow ChemicalDupre’ LogisticsE3 ConsultingEagleClaw Midstream VenturesEarthstone EnergyEarthstone EnergyEast Daley Capital ManagementEastex CrudeEckard GlobalEco-EnergyeCORP InternationalEDF Trading North AmericaEIG Global Energy PartnersEIPElbow River MarketingElevate MidstreamElevation ResourcesElliott Management CorpEmersonEnbridge Pipeline IncEncana Natural GasEncino EnergyEncompass CapitalEnergy Capital PartnersEnergy DialoguesEnergy Intelligence GroupEnergy Spectrum CapitalEnergy Transfer PartnersEnLink MidstreamENSTOREOG ResourcesEpic PipelineEquilibrium Capital ManagementEquinorEthylene Strategies InternationalExecutive Shipping ServicesExergy ResourcesExterranExxonMobil

Fairway Energy PartnersFelix EnergyFirst Infrastructure CapitalFirst Reserve CorporationFive Point Capital PartnersFlowchemForbesForge EnergyFrac-ChemFreepoint CommoditiesFrontier EnergyFullstream Energy HoldingsGE Oil & GasGetka EnergyGibson Energy MarketingGideon Asset ManagementGlobal Infrastructure PartnersGlorieta EnergyGoldman SachsGoradia Family FoundationGravity MidstreamGulf Energy DevelopmentH2O MIdstreamHalcon Resources CorporationHalliburtonHart EnergyHartree PartnersHeikkinen Energy AdvisorsHess CorporationHilcorp / Harvest PipelineHoneywellHouston Public MediaHoward Energy PartnersIIR EnergyI Squared CapitalJERA Energy AmericaJetta Operating CoJSAVK&L GatesK&M Technology GroupKBRKeyera Energy Limited PartnershipKey Square Capital ManagementKindle EnergyKKRLansing Trade GroupLawIQLegacy ReservesLinn EnergyLiquidPower Specialty ProductsLodestar Energy GroupLS PowerLucid Energy GroupLuminus ManagementMacquarie Energy GroupMagellanMagnum ProducingMarathon Oil CompanyMarathon Petroleum CompanyMarkWest Energy PartnersMarubeni America CorporationMcdermottMedallion MidstreamMerit Energy CompanyMeritum Energy HoldingsMidstream GasModa MidstreamMorgan StanleyMorningstar CommoditiesMotiva Enterprises

NAmerico Energy Holdings

Nasdaq

Natixis

Navitas Midstream Partners

Neuberger Berman

New Mexico Gas Company

New World Fuel

Nexen

Nextera Energy Resources

NGI - Natural Gas Intelligence

Noble Energy

Noble Group

North American Energy Solutions

Nova Chemicals

Nuevo Midstream

NuStar Energy

Oaktree Capital Management

Oasis Petroleum

Occidental Petroleum

Oiltanking North America

Omnia Fuels

ONEOK

Oryx Midstream

PAA Natural Gas Storage

Pacific Summit Energy

Palmilla Energy

Parker Hannifan

Parsley Energy

Percussion

Perella Weinberg Partners Group

Permico Energia

Philadelphia Energy Solutions

Phillips 66 Company

Phoenix Energy International

Pilot Travel Centers

Pinnacle Midstream

Pioneer Natural Resources

Plains All American Pipeline

Plains Midstream

Point72 Asset Management

PointState Capital

Poten & Partners

Precision Drilling

PSI Midstream Partners

Quality Energy

Rangeland Energy

Range Resources Corporation

RBAC

RCH Energy

Reed Smith

REXtac

Rice Energy

Riemer Consulting

Rio Energy

RLS Consultants

Rockefeller Family Fund

Rosehill Operating

RWE Supply & Trading GmbH

Saddle Butte Pipeline

Saga Petroleum

SAM

Sanchez Energy Corporation

Santa Fe Gas

Saulsbury Industries

Scala Energy

SCF Partners

Schroder Investment Management

SCS Technologies

Scudder Publishing Group

Sempra U.S. Gas & Power

Sendero Midstream Partners

Sequent Energy

Shafer, Kline & Warren

Shell Energy North America

Sherwood Energy Co.

Sidley Austin

SIG Susquehanna International Group

SK Gas

SM Energy

SNC-Lavalin

Solaris Oilfield

Southwest Energy

SSAB Americas

Step Energy Services

Stephen Bradley Consulting

Stillwater Associates

Stratus Engineering

Stupp Corporation

Sumitomo Mitsui Banking Corporation

Summit Midstream Partners

Sunoco Logistics

SunTrust Robinson Humphrey

SWN Energy Services Company

Tailwater Capital

Targa Resources

TD Securities

Tellurian Investments

Tenaska

Texas Brine Company

Texas International Terminals

Texon

The Benjamin Group

The Energy and Minerals Group

The Wall Street Journal

Thomson Reuters

Thrivent Asset Management

TPC Group

Trace Midstream

Trafigura PTE Limited

TransCanada

United Energy Trading

University Lands

Ursa Space

US Capital Advisors

Utah Gas Corp

UTIMCO

Vaquero Midstream

Venturi Wealth Management

Vinmar International

Vitol

VME Fabricators

Vopak North America

Walnut Private Equity Partners

Warburg Pincus

Watco Companies

Weiss Multistrategy Advisors

Wells Fargo Securities

Welspun Tubular

Westlake Chemical Corporation

Whiptail Midstream

WhiteWater Midstream

Whiting Oil and Gas Corporation

Williams

Williams, Jones & Associates

Wood Pic

ZE PowerGroup

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2018 permicon event guide - rbn energy · 2018-10-14 · 8 9 2018 permicon event guide permicon...

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