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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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
PermiCon Speaker Bios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
PermiCon Speaker Bios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
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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2018 PermiCon Event Guide
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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2018 PermiCon Event Guide
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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2018 PermiCon Event Guide
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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2018 PermiCon Event Guide
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
w w w. r b n e n e r g y. c o m