wdea annual meeting presentation title november …...2018/11/07 · 2 • 1,350 miles of pipeline...
TRANSCRIPT
Connections for America’s Energy™ ™™ ™™ ™
Presentation TitlePresentation Subtitle
Crestwood Midstream Partners LP Crestwood Equity Partners LP
Connections for America’s Energy™
™
Presentation TitlePresentation Subtitle
Crestwood Midstream Partners LP Crestwood Equity Partners LP
Connections for America’s Energy™
™
Crestwood Midstream Partners LP Crestwood Equity Partners LP
Connections for America’s Energy™
™
WDEA Annual Meeting
November 7, 2018
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Crestwood Overview
2
• 1,350 miles of pipeline
• 2.8 Bcf/d gathering
• 1.4 Bcf/d transport
• 865 MMSCFD processing
• 79 Bcf nat gas storage
• 4.3 MM barrels crude and NGL storage
• 125 MBPD crude oil gathering
• 180 MBPD crude oil rail terminalling
• 294 MBPD nationwide NGL logistics business, with rail cars and trucking units
Existing platform in every premier shale play in North America; services across the complete midstream value chain; balanced portfolio in gas, NGL and crude oil
Asset MapKey Statistics
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Crestwood Core Operating Principals
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• Designs, constructs and operates its pipelines and facilities in a safe, reliable
and responsible way;
• Provides its customers with the highest level of service;
• Conducts its operations in a manner that protects natural & cultural resources;
• Works to reduce its operational footprint; and
• Engages and partners with local communities where we operate
Crestwood’s dedicated employees have an unwavering commitment to embodying and adhering to our core operating principles
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Crestwood’s Commitment to the Bakken
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Community engagement is part of the culture at Crestwood and we are proud to serve North Dakota, the MHA Nation and the surrounding communities in meaningful and enduring ways
The Crestwood Mahgiddashda Center• Crestwood pledged ~$2 million to launch a capital campaign for a new
Head Start facility in Mandaree, ND
• Head Start is an early education program for low-income children that also provides comprehensive health, nutrition and parent engagement services
• The current program serves ~20 children and their families, the new facility will allow the program to double the number of children served
• The new facility broke ground fall 2017 and will celebrate it’s grand opening in late 2018
The McKenzie Co. Healthcare System• Crestwood pledged $150,000 to the McKenzie County Healthcare
Systems’ new medical facility in Watford City, ND• The new medical facility serves up to 58,000 patients a year with
inpatient and outpatient care and the ability to meet to primary and urgent care needs of the community
• The donation gives Crestwood naming rights to the nursing station in the new facility
Ongoing Annual Community Projects • West Segment Thanksgiving
• Sponsor Mandaree Pow Wow
• Buffalo Trail Days in Epping, ND
• Annual Halloween Party
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Arrow Crude Overview
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Colt and Arrow Connections – Flow Assurance
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COLT HUB
ARROW CENTRAL DELIVERY POINT
BAKKENLINK PIPELINE
TESORO PIPELINE
TESORO PIPELINE
ENBRIDGE PIPELINE
COLT CONNECTOR
ENBRIDGE PIPELINEDRY FORKS TERMINAL
MEADOWLARK GATHERING SYSTEM
ENBRIDGE PIPELINE
TESORO PIPELINE
HILANDPIPELINE
COLT Connections • At Dry Fork (Beaver Lodge)
– Tesoro (bi-directional)– Enbridge
• At Epping– Meadowlark (Summit)– Hiland– Truck Unloading– Truck Loading– DAPL
Arrow Connections • Hiland• Tesoro (bi-directional)• BakkenLink• DAPL • Truck Unloading• Truck Loading
DAKOTA ACCESS PIPELINE
DAKOTA ACCESS PIPELINE
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COLT Hub and Connector – Flow Assurance
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Sourcing Capacity Storage Capacity Takeaway Capacity
COLT Hub links Bakken crude supply to prime markets
• >290,000 Bbls/d− COLT Connector− Tesoro pipeline− Hiland (KM) pipeline− Summit/Meadowlark
pipeline− Truck deliveries
• 1.2 MM Bbls (working cap)− Largest storage position in the basin − Tradable market − Point of liquidity for buyers and sellers− Creditworthy counterparties
• >350,000 Bbls/d− 160,000 Bbls/d rail loading to
West/East Coast− COLT Connector− Take-away pipeline outlets
through Tesoro, Enbridge and DAPL
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Arrow NGL Overview
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NGL Logistics Platform and Take-Away Solution
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Crestwood NGL Services links Bakken Shale liquids to downstream markets
NGL Overview
• +150 Trucks in the US, 15+ in Bakken• Planning with producers to increase capacity• +25 MBbls/d of NGL Bakken over all take-
away capacity• Highly experienced team in the entire NGL
value chain• Currently moving +325MBls/day• 3.0 MMBbls of NGL US storage (mostly NE)
NGL Terminal Overview
• +10 MBbls/d of raw mix and purity products transloading capacity, in the process of adding an additional 10 MBbls/day of capacity
• Y-Grade connections with Oneok• Working on Y-grade connection with
Andeavor • NGL trucking services allows for flexible origin
point deliveries (processing plants, wellheads, etc.)
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Arrow ProjectsUpdate
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Crestwood 2018 Projects
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Station 1 Pumps & Compression
SWD Expansions
Existing GatheringNew Gas Gathering In-ServiceNew Water Gathering In-Service
Existing FacilityNew Facility Project In-Service
Section 14-17 Pump Station
New Facility Project In Progress
New Gas Gathering In ProgressNew Water Gathering In Progress
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Station 1 Pumps – Near Complete
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Station 1 Compression - Complete
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Station 4-7 Loop – In Progress
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Compressor Station 8 (Largest in the Bakken) – In Progress
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Bear Den Plant 2 - In Progress
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Scope and Status UpdateSCOPE• Expansion of the existing Bear Den Gas Plant complex to include a
single 120 MMcf/d cryogenic plant. The additional facility capacity of the 120 MMcf/d provides ample processing capacity for the forecasted activity levels. Inlet slug catcher, stabilizer system and gas processing.
STATUS UPDATEEngineering & Procurement• Engineering & Procurement 75% complete
Facility Construction as of 9/30• Construction 9% complete overall
• Major earthwork completed • Screw piles – 67% complete• Concrete – 73% complete• Steel – 24% complete• Equipment (received & set) – 7% complete• Piping – 2% complete
Schedule• On-track to meet 8/1/19 in-service date.
Safety Performance Schedule SummaryHours 114,801 Approved AFE 11/9/17 ARecordable Incidents 0 Cryo Kit NTP 11/24/17 ATRIR 0 Construction Start 4/23/18 AProperty/Vehicle Damage 3 Start of Civil/Foundation 7/30/2018 AEnvironmental Releases 0 P&ID's IFC 8/24/18 ANear Misses 5 Commissioning Start 06/28/19Line Strikes 0 In-Service Date Project 08/01/19
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Bear Den Plant 2 - In Progress
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Bear Den Plant 2 - In Progress
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Arrow 2019 Expansion Projects
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Station 5 Compression
Bear Den II Plant
Existing GatheringNew Gas Gathering
New Oil GatheringNew Water Gathering
Existing FacilityNew Facility Project
Station 4 Compression
Station 8 Compression
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Gas Constraints Projects
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• Crestwood plans to implement 5 projects totaling 21 miles of new gas pipeline and supplemental compression to increase overall gas capacity to and reduce well pad pressures.
Existing GatheringNew Gas Gathering
Existing FacilityNew Facility Project
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Water Constraints Projects
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• Crestwood plans to implement 4 projects totaling 13 miles of new water pipeline and supplemental pump capacity to increase overall water gathering capacity.
Existing GatheringNew Water Gathering
Existing FacilityNew Facility Project
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Produced Water Gathering & Disposal
Year 2016 2017 2018* 2019*
BBLs 10,156,000 12,940,000 19,126,000 25,550,000
CO2 Tons 10,480 13,350 19,735 26,365
Miles 1,767,000 2,252,000 3,328,000 4,445,000
TRUCKS
REMOVED
EACH
DAY
350
262
177139
Positive Community Impact on Safety, Environment, and Roads* Estimates based on capacity
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Closing Remarks
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Closing Remarks – Thank You
Bakken producers continue to accelerate their drilling activity, creating a need for increased gathering capacity, processing, and NGL take-away systems
The company has committed over $600 million in capital to Bakken projects
Crestwood’s Bear Den plants will reduce flaring, enhance producer net backs and provide greater flow assurance
Expansion projects will be part of the solution to relieve flaring and increase productivity
Crestwood’s Operating Principle’s are a critical keystone in key community relationships and Crestwood’s future success
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