Epic Midstream – Company and Terminal Presentation

2016

Epic Midstream LLC

!   Epic was incorporated in 2011. White Deer Energy and Blue Water Energy partnered to form Epic Midstream LLC.

!   In April 2012 Epic Midstream acquired five terminals in the SE US consisting of 65 storage

tanks for a total of 1.5 million barrels of refined product storage capacity. On January 7, 2015 Epic acquired a terminal in Alamogordo, NM.

!   On December 8, 2015 Epic Midstream LLC and Trans-Global Solutions, Inc. (TGS) established a partnership through the formation of a new entity named Epic-TGS Services, LLC for the development of a 1,000-railcar storage facility on approximately 155.47 acres located in Angleton Texas.

!   On December 22, 2015 Epic acquired a second terminal in Savannah, Georgia. Savannah

North, formerly Axeon, consists 19 tanks and over 1.1 million barrels in shell capacity. !   Today Epic Midstream assets consist of 96 tanks and over 3 million barrels of storage. !   Epic handles refined products, biodiesel, ethanol, various chemicals, and fertilizers for a

diverse group of customers. !   Since inception Epic has invested an additional $18+ million into its base assets.

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Epic Midstream LLC

!   Epic Strategy !  Provide outstanding service and value to our customers

with priority on safety and environmental compliance. !  Grow our existing facilities with creative, value adding

projects. !  Grow outside our fence line with new sites both existing

and requiring construction skills.

!   Experienced Management Team from Kinder Morgan, Vopak, Plains All American, Nustar.

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Epic Midstream Organizational Structure

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CEO David Vattimo

VP Engineering Robert White

Director Compliance

Linda Ferguson

James Baker Compliance &

Project Manager

Senior VP Commercial &

Marketing Jim Miller

Sales / BD Betty Smith

Sales / BD Joe Woller

Sales / BD Dale Springer

CFO Kristin Castille

Controller Richard Ellis

HR / Benefits (Outsourced)

Information Tech (Outsourced)

Director of Operations

Eddie Nobles

Savannah Terminal Manager

Terry Ennis

Macon Terminal Manager

Wes Parkerson

Montgomery Terminal Manager

Jon Stubbs

Bremen Terminal Manager

Mike Burnett

Moundville Terminal Manager

David Tidmore

Alamogordo Terminal Manager

Leland Bain

Savannah North Terminal Manager

Nick Borrelli

Blue Water Energy (50%)

White Deer Energy (50%)

Epic Midstream LLC

Board of Directors •  Tom Sikorski (Chairman) •  Joe Bob Edwards •  Thomas Edelman •  Jerker Johansson •  David Vattimo (CEO)

White Deer Energy Overview

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Fund I

Investment History

§ Closed June 2010 - $822MM of committed capital § Made 10 platform investments § Currently 96% invested/committed

§ Closed Feb 2013 – $1.387B of committed capital § Same investment philosophy/approach as Fund I

Fund II

Founded in 2008 by Tom Edelman and Ben Guill, White Deer Energy manages more than $2.2 billion across two private equity funds that focus on investing in oil and gas exploration and production, oilfield service and equipment and the midstream sectors of the energy business. White Deer’s investment philosophy is founded on leveraging industry experience and strategic relationships to partner with talented management teams and build successful companies. White Deer has nine investment professionals and has offices in Houston and New York.

Date Investment ($MM) Fund Sector Description Status

PostRock Sep-10 $92.5 Fund I E&P Natural gas producer (Cherokee Basin)

Unrealized

Fiberspar Sep-10 $66.2 Fund I OFS / Manufacturing Spoolable line pipe manufacturer

Realized

O-Tex Jan-11 $62.0 Fund I OFS Cementing services Partially Realized

Crescent Feb-11 $48.4 Fund I OFS Water transfer services Unrealized

Accelerated Jan-12 $50.7 Fund I OFS / ManufacturingArtificial lift equipment

manufacturer (hydraulic lift)

Unrealized

Shores Lift Mar-12 $75.4 Fund I OFS / Manufacturing Artificial lift equipment manufacturer (rod lift)

Unrealized

Sharewell Mar-12 $36.0 Fund I OFS / Manufacturing Directional drilling services

Unrealized

Epic Apr-12 $19.9 Fund I Midstream Refined petroleum products terminals

Unrealized

Acteon Oct-12 $75.8 Fund I OFS Subsea services Unrealized

Emerald Feb-13 $50.0 Fund I E&P Oil producer (Bakken Shale)

Unrealized

Company Name

•  Strategic European assets trading at historic low levels

•  Majors divesting assets in more mature basins create new entrant opportunities

•  Technological advances enable enhanced recovery

•  Focus on offshore supply chain

•  Increases in more complex and technical projects

•  High-use / mission critical components with strong after market servicing

•  Focus on providing efficiency gains and cost reductions

•  Focus on global logistical framework

•  Ageing infrastructure / chronic under-investment in Western markets

•  Absence of infrastructure in emerging markets

Midstream / Downstream Equipment and Services

Upstream Equipment and Services

Reserves

Energy Lifecycle Upstream Downstream

Fund (%) 25 - 30% 40% 35 - 40%

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Blue Water Energy Overview

Strong Complimentary Background & Skillset of Executive Team

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!  CEO, Epic Midstream LLC (2013)

!  24 Years experience in midstream energy logistics !  Vice President Operations Kinder Morgan Terminals

(2002-2011). KM Northeast, Midwest and Ohio Valley Regions - $150 mil EBITDA.

!  Vice President Sales Kinder Morgan Terminals. All regions approx $1.7 billion in revenue.

!  Strong record of leadership in energy logistics industry.

!  Lead numerous multi-million $ customer relationship across many locations and geography.

!  Track record of managing complex multi-million capital investments.

!  BS Economics SUNY@Buffalo 1986

!  MBA Illinois Institute of Technology 1992 !  Graduate Center for Creative Leadership 7!

Complementary, Diverse Skillsets

David Vattimo CEO

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!  VP-Sales and Marketing, Epic Midstream LLC (2011)

!  19 Years experience in midstream energy logistics !  Sr. Director, Product Marketing, Buckeye Partners, LP

(2011) !  Commercial Director, BORCO (2008-2011)

!  Business Development Manager-North America, Commercial Manager-Oil, General Manager-Logistics, Vopak North America (1999-2008)

!  Sales and Marketing-Mission Petroleum Carriers (1993-1999) Transportation and Logistics

!  Strong relationships with origination, supply and trading of global physical commodity traders and major U.S. oil companies

!  Proven track record generating increased throughput and customer longevity/loyalty at third-party bulk terminal companies.

!  BS, Psychology, The University of Texas at Austin (1993) !  Management Studies Programs, Erasmus University-

Rotterdam

Jim Miller Sr. Vice President, Sales and Marketing

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Epic Midstream Terminals

Alamogordo, NM

Marine Facility

Pipeline Facilities

Ø  Savannah, GA (2 Terminals)

Ø  Montgomery, AL Ø  Bremen, GA Ø  Moundville, AL Ø  Macon, GA Ø  Alamogordo, NM Ø  Angleton, TX

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Epic Midstream Terminals

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Savannah, GA Bremen, GA Macon, GA Montgomery, AL Moundville, AL Alamogordo, NM Savannah North, GA

Product

Caustic soda, distillates,

gasoline, lube oils

ULSD, jet fuels, jet fuel additives

Jet fuels, jet fuel additives, #2 fuel oil and transmix

ULSD, jet fuels and jet fuel additives

Jet fuels and jet fuel additives

Jet fuels and jet fuel additives

Asphalt and Asphalt Additives

Tanks 33 9 16 7 6 6 19

Shell Capacity 942,183 (942,183 Active)

179,500 (173,500 Active)

309,071 (169,071 Active)

162,000 (122,000 Active)

301,281 (165,654 Active)

120,210 (120,210 Active)

1,129,554 (276,144 Active)

Modes Served Ship, barge, truck, rail (CSX)

Truck, pipeline (Plantation)

Truck, pipeline (Plantation)

Truck, pipeline (Plantation)

Truck, pipeline (Plantation)

Truck, pipeline (Epic pipeline)

Ship, barge, truck, rail (NS)

Truck Facilities

Two key stop loading positions; four supervised

loading positions; two automated

loading positions

Two-bay loading rack – bottom loading with

vapour combustor

Two-bay loading rack – manual bottom loading

with vapour combustor

One two-bay loading rack –

manual loading with vapour combustor

Two-bay loading rack – manual bottom loading without vapour

combustor

Two-bay loading rack – manual bottom loading without vapour

combustor

Automated and manual loading

positions

Dock Facilities

Savannah River mile post 11.8;

two berths (Draft: 25ft, 38ft; LOA:

675ft, 900ft)

NA NA NA NA NA

Savannah River; one berth (Draft: 25ft, 38ft; LOA:

675ft, 900ft)

Asset Image

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Epic-TGS Services, LLC