North Dakota Industrial Commission. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority

Size: px
Start display at page:

Download "North Dakota Industrial Commission. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority"

Transcription

1 North Dakota Industrial Commission Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority October 24, 2017

2 Presentation Outline Current oil transportation dynamics Understanding current and future oil production Pricing update Activity Oil forecasts North Dakota natural gas production Flaring and gas capture Natural gas liquids Pipeline construction update Refrac economics JJ Kringstad - North Dakota Pipeline Authority 2

3 Estimated Williston Basin Oil Transportation August 2017 JJ Kringstad - North Dakota Pipeline Authority 3 3

4 Estimated Williston Basin Oil Transportation JJ Kringstad - North Dakota Pipeline Authority 4 4

5 Estimated ND Rail Export Volumes JJ Kringstad - North Dakota Pipeline Authority 5

6 Rail Destinations Market Share (July 2017) Data for Rail Destination Market Share Provided by the US Energy Information Administration JJ Kringstad - North Dakota Pipeline Authority 6

7 JJ Kringstad - North Dakota Pipeline Authority 7

8 Presentation Outline Current oil transportation dynamics Understanding current and future oil production Pricing update Activity Oil forecasts North Dakota natural gas production Flaring and gas capture Natural gas Liquids Pipeline construction update Refrac economics JJ Kringstad - North Dakota Pipeline Authority 8

9 North Dakota Oil Differential Based on EIA Data 9 JJ Kringstad - North Dakota Pipeline Authority 9

10 North Dakota Impact of Smaller Discount 2016 Weighted Average Discount: $7.71 June/July/August 2017 Wt. Average Discount: $5.61 $2.10/BBL Improvement Post DAPL Commercial In-Service 96,148,772 Taxable Barrels In June/July/August 2017 Wt. Avg. Tax Rate in June/July/August 2017: 9.74% Three Month Revenue Impact 9.74% x 96,148,772 x $2.10 = $19,666,269 Additional State Revenue When Compared to Avg Discount (~$6+ Million Per Month) Does Not Include Royalty Owner and Industry Revenue Impact 10 JJ Kringstad - North Dakota Pipeline Authority 10

11 North Dakota Drilling Activity JJ Kringstad - North Dakota Pipeline Authority 11

12 Statewide Oil Performance Average BKN/TF Well Performance Statewide (Minimum 1 bopd) JJ Kringstad - North Dakota Pipeline Authority 12

13 Statewide Gas Performance Average BKN/TF Well Performance Statewide (Minimum 1 bopd) JJ Kringstad - North Dakota Pipeline Authority 13

14 North Dakota Oil Production Forecast JJ Kringstad - North Dakota Pipeline Authority 14

15 North Dakota Oil Production Forecast 15 JJ Kringstad - North Dakota Pipeline Authority 15

16 North Dakota Forecast Activity Assumptions JJ Kringstad - North Dakota Pipeline Authority 16 16

17 Williston Basin Oil Production & Export Capacity, BOPD Production forecast is for visual demonstration purposes only and should not be considered accurate for any near or long term planning. JJ Kringstad - North Dakota Pipeline Authority 17

18 TransCanada: Energy East Canceled Proposed Upland Pipeline Connection to Williston Basin Successful Open Season During 2014 Initial Capacity 220,000 BOPD (Expandable to 300,000 BOPD) Target In-service Date: 2020 Energy East Project Capacity 1.1 MMBOPD JJ Kringstad - North Dakota Pipeline Authority Map: NEB NDPA Upland Addition 18

19 Presentation Outline Current oil transportation dynamics Understanding current and future oil production Pricing update Activity Oil forecasts North Dakota natural gas production Flaring and gas capture Natural gas liquids Pipeline construction update Refrac economics JJ Kringstad - North Dakota Pipeline Authority 19

20 NDPA ND Gas Production Forecast JJ Kringstad - North Dakota Pipeline Authority 20

21 Solving the Flaring Challenge GREEN % of gas captured and sold Blue % flared from zero sales wells Orange % flared from wells with at least one mcf sold. Simple Terms Blue Lack of pipelines Orange Challenges on existing infrastructure Statewide Aug 2017 Data Non-Confidential Wells JJ Kringstad - North Dakota Pipeline Authority 21

22 Solving the Flaring Challenge JJ Kringstad - North Dakota Pipeline Authority 22

23 Major Gas Pipeline and Processing Infrastructure Whiting WBI Transmission JJ Kringstad - North Dakota Pipeline Authority 23

24 North Dakota Captured* NGL s JJ Kringstad - North Dakota Pipeline Authority *Non-flared NGL s & Assumes 10 GPM 24 24

25 Major NGL Pipeline and Processing Infrastructure Kinder JJ Kringstad - North Dakota Pipeline Authority 25

26 NGL Takeaway Options Are Limited 26 JJ Kringstad - North Dakota Pipeline Authority 26

27 Presentation Outline Current oil transportation dynamics Understanding current and future oil production Pricing update Activity Oil forecasts North Dakota natural gas production Flaring and gas capture Natural gas liquids Pipeline construction update Refrac economics JJ Kringstad - North Dakota Pipeline Authority 27

28 North Dakota Pipeline Construction JJ Kringstad - North Dakota Pipeline Authority Sources: NDIC & PHMSA 28

29 North Dakota Pipeline Construction JJ Kringstad - North Dakota Pipeline Authority Sources: NDIC & PHMSA 29

30 New Miles and Well Completions JJ Kringstad - North Dakota Pipeline Authority 30

31 ,262 mi 2 6,493 mi 2 9,866 mi ,735 mi 2 16,267 mi 2 13,428 mi 2 2 Mile Buffer Around New Wells By Year ,053 mi 2 8,433 mi 2 4,206 mi YTD 3,578 mi 2 Background Map: Esri, HERE, DeLorme, MapmyIndia, OpenStreetMap contributors, and the GIS user community JJ Kringstad - North Dakota Pipeline Authority 31

32 New Miles and Activity Footprint *2017 Forecasted JJ Kringstad - North Dakota Pipeline Authority 32

33 Predicting New Miles With Activity Footprint JJ Kringstad - North Dakota Pipeline Authority 33

34 Evolution of Oil Gathering in ND Statewide Totals JJ Kringstad - North Dakota Pipeline Authority 34

35 Evolution of Oil Gathering in ND JJ Kringstad - North Dakota Pipeline Authority 35

36 Gas Gathering & Processing JJ Kringstad - North Dakota Pipeline Authority 36

37 Gas Gathering & Processing JJ Kringstad - North Dakota Pipeline Authority 37

38 Solving the Flaring Challenge JJ Kringstad - North Dakota Pipeline Authority 38

39 Presentation Outline Current oil transportation dynamics Understanding current and future oil production Pricing update Activity Oil forecasts North Dakota natural gas production Flaring and gas capture Natural gas liquids Pipeline construction update Refrac economics JJ Kringstad - North Dakota Pipeline Authority 39

40 Bakken Refracs Updated From Previous Refrac Work 185 Wells, Up From 142 List Cleaned Up With DMR Assistance JJ Kringstad - North Dakota Pipeline Authority 40

41 Refracs In the Bakken* *While careful work was performed to discover as many non-confidential, modern refracs as possible, this data set is likely not all inclusive. JJ Kringstad - North Dakota Pipeline Authority 41

42 Refrac Completion Year* *While careful work was performed to discover as many non-confidential, modern refracs as possible, this data set is likely not all inclusive. JJ Kringstad - North Dakota Pipeline Authority 42

43 Example: Pre/Post Refrac Oil JJ Kringstad - North Dakota Pipeline Authority 43

44 Example: Pre/Post Refrac Oil JJ Kringstad - North Dakota Pipeline Authority 44

45 Performance Pre/Post Refrac JJ Kringstad - North Dakota Pipeline Authority 45

46 Performance Pre/Post Refrac JJ Kringstad - North Dakota Pipeline Authority 46

47 Example: 257,000 BBLS of Incremental Production JJ Kringstad - North Dakota Pipeline Authority 47 47

48 Refrac Economics Methodology Incremental Production Above Original Well Decline Profile Assumes Refrac Decline Curve Profile Matches Original Well JJ Kringstad - North Dakota Pipeline Authority 48

49 Refrac Summary of $45 Wellhead Oil JJ Kringstad - North Dakota Pipeline Authority 49

50 Refrac Breakeven Summary JJ Kringstad - North Dakota Pipeline Authority 50

51 Contact Information Justin J. Kringstad, Director North Dakota Pipeline Authority 600 E. Boulevard Ave. Dept. 405 Bismarck, ND Phone: (701) Fax: (701) Websites: JJ Kringstad - North Dakota Pipeline Authority 51 51

American Petroleum Institute Dickinson Chapter. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority

American Petroleum Institute Dickinson Chapter. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority American Petroleum Institute Dickinson Chapter Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority February 27, 2018 JJ Kringstad - North Dakota Pipeline Authority 2 Presentation

More information

Industrial Commission Update. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority

Industrial Commission Update. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority Industrial Commission Update Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority January 24, 2018 US Williston Basin Oil Production - 2017 JJ Kringstad - North Dakota Pipeline

More information

Williston Basin Petroleum Conference

Williston Basin Petroleum Conference Williston Basin Petroleum Conference Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority May 22, 2018 Natural Gas Capture Production Gathering Processing Transmission Technology

More information

January 2018 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad January 16, 2018

January 2018 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad January 16, 2018 January 2018 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad January 16, 2018 US Williston Basin Oil Production - 2017 JJ Kringstad - North Dakota Pipeline Authority 2 Monthly Production

More information

Bakken/Three Forks Drilling Economics

Bakken/Three Forks Drilling Economics / Drilling Economics Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority May 22, 2018 Objective Define where the / system may be economic in the current oil price environment.

More information

UTC Region 5 Meeting. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority

UTC Region 5 Meeting. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority UTC Region 5 Meeting Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority April 20, 2017 JJ Kringstad - North Dakota Pipeline Authority 2 Bakken-Three Forks Formations Mature

More information

North Dakota Department of Mineral Resources. 600 East Boulevard Ave. - Dept 405 Bismarck, ND (701) (701)

North Dakota Department of Mineral Resources. 600 East Boulevard Ave. - Dept 405 Bismarck, ND (701) (701) North Dakota Department of Mineral Resources http://www.oilgas.nd.gov http://www.state.nd.us/ndgs 600 East Boulevard Ave. - Dept 405 Bismarck, ND 58505-0840 (701) 328-8020 (701) 328-8000 Wells 14,457 active

More information

Bakken Well Economics & Production Forecasting

Bakken Well Economics & Production Forecasting Bakken Well Economics & Production Forecasting House Energy and Natural Resources January 9, 2015 Justin J. Kringstad Geological Engineer Director, North Dakota Pipeline Authority Rebuilding Oil & Gas

More information

Bakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, Minot, ND. March 8,

Bakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, Minot, ND. March 8, Bakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, 2013 - Minot, ND March 8, 2013 1 April 22, 2013 187 Drilling Rigs North Dakota Pipeline Authority 2 ND Drilling

More information

ND Pipeline Authority Web Presentation

ND Pipeline Authority Web Presentation ND Pipeline Authority Web Presentation Bakken Well Economics Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority Please view replay video on the Pipeline Authority website for

More information

NORTH DAKOTA PETROLEUM COUNCIL NORTH DAKOTA S GAME-CHANGING OIL SHALE RESOURCE

NORTH DAKOTA PETROLEUM COUNCIL NORTH DAKOTA S GAME-CHANGING OIL SHALE RESOURCE THE BAKKEN NORTH DAKOTA S GAME-CHANGING OIL SHALE RESOURCE The Bakken is a Big Area 11,000 Sq Miles Williston Basin NORTH DAKOTA PETROLEUM www.northdakotaoilcan.com COUNCIL www.ndoil.org The Bakken Upper

More information

2015 Minnesota Power Systems Conference Managing Bakken Oil Field Load Growth From a Transmission Perspective

2015 Minnesota Power Systems Conference Managing Bakken Oil Field Load Growth From a Transmission Perspective 2015 Minnesota Power Systems Conference Managing Bakken Oil Field Load rowth From a Transmission Perspective Matthew Stoltz Basin Electric Manager of Transmission Services November 10 2015 eneration =

More information

There is no shortage of attention on the issue of Bakken related natural gas flaring.

There is no shortage of attention on the issue of Bakken related natural gas flaring. There is no shortage of attention on the issue of Bakken related natural gas flaring. North Dakota Flared Off $1 Billion Worth Of Natural Gas Last Year Scientific American, Sept. 2013 Bakken Flaring Burns

More information

Trond-Erik Johansen President ConocoPhillips Alaska

Trond-Erik Johansen President ConocoPhillips Alaska Trond-Erik Johansen President ConocoPhillips Alaska 1 Meet Alaska January 11, 2013 Trond-Erik Johansen President, ConocoPhillips Alaska CAUTIONARY STATEMENT FOR THE PURPOSES OF THE SAFE HARBOR PROVISIONS

More information

Adam Bedard, CEO ARB Midstream, LLC Midstream View on Rail. June 2, 2015

Adam Bedard, CEO ARB Midstream, LLC Midstream View on Rail. June 2, 2015 Adam Bedard, CEO ARB Midstream, LLC Midstream View on Rail June 2, 2015 ARB Midstream Overview Growth oriented, infrastructure development company focused on early stage, organic development projects Provide

More information

North Dakota Oil and Gas Update. North Dakota Petroleum Council October 2014

North Dakota Oil and Gas Update. North Dakota Petroleum Council October 2014 North Dakota Oil and Gas Update North Dakota Petroleum Council October 2014 ND Crude Transportation March 2014 October 2014 FLARING Gas Flaring situation REGULATORY ACTIVITIES CRUDE BY RAIL Project

More information

Rice Global E&C Forum August 9, 2013

Rice Global E&C Forum August 9, 2013 Rice Global E&C Forum August 9, 2013 Midyear Forecast: July 1, 2013 Conglin Xu, Senior Editor-Economics Laura Bell, Statistics Editor Alan Petzet, Chief Editor-Exploration Forecast & Review: Jan. 7, 2013

More information

U.S. Rail Crude Oil Traffic

U.S. Rail Crude Oil Traffic U.S. Rail Crude Oil Traffic Association of American Railroads November 215 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 28,

More information

U.S. Rail Crude Oil Traffic

U.S. Rail Crude Oil Traffic U.S. Rail Crude Oil Traffic Association of American Railroads May 217 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 28, U.S.

More information

Jefferies 2012 Global Energy Conference

Jefferies 2012 Global Energy Conference Jefferies 2012 Global Energy Conference November 2012 Exploring, developing and producing oil and natural gas in the U.S. Rocky Mountains. www.kodiakog.com l NYSE: KOG Contact Information Kodiak Oil &

More information

For personal use only

For personal use only ANTARES ENERGY LIMITED A.C.N. 009 230 835 Level 2, 5 Ord Street Telephone: + 61 8 9324 2177 West Perth WA 6005 Facsimile: + 61 8 9324 1224 Website:www.antaresenergy.com PO Box 690 West Perth WA 6872 ASX/NEWS

More information

North American Storage and Transportation Trends

North American Storage and Transportation Trends North American Storage and Transportation Trends Brian Busch Director, Oil Markets and Business Development www.genscape.com 2016 Genscape Incorporated. All rights reserved. What we do 2 Current State

More information

Hotel Performance Outlook North Dakota Travel Industry Conference

Hotel Performance Outlook North Dakota Travel Industry Conference Hotel Performance Outlook North Dakota Travel Industry Conference Kelsey Waite Business Development Executive, Destinations kwaite@str.com @Kelsey_STR 2017 STR, Inc. All Rights Reserved. Any reprint, use

More information

Defining the Debate: Crude Oil Exports

Defining the Debate: Crude Oil Exports Defining the Debate: Crude Oil Exports Trisha Curtis, Director of Research Upstream and Midstream Energy Policy Research Foundation, Inc. (EPRINC) Brookings Task Force February 28th, 214 About EPRINC www.eprinc.org

More information

TANK BARGE OPPORTUNITIES RELATED TO CRUDE OIL PRODUCTION & MOVEMENT

TANK BARGE OPPORTUNITIES RELATED TO CRUDE OIL PRODUCTION & MOVEMENT TANK BARGE OPPORTUNITIES RELATED TO CRUDE OIL PRODUCTION & MOVEMENT Third Edition A SPECIAL INDUSTRY STUDY Prepared by: November 2014 775 Ridge Lake Boulevard, Suite 400 ~ Memphis, Tennessee 38120-9403

More information

U.S. Crude Exports and Impact on Trade

U.S. Crude Exports and Impact on Trade U.S. Crude Exports and Impact on Trade 32 nd Annual Asia Pacific Petroleum Conference Dr. Helen Currie Senior Economist September 7, 2016 Cautionary Statement The following presentation includes forward-looking

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: January 16, 2019 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 100 Brent (Jan 11 = $58.64) WTI (Jan 11 = $50.78)

More information

U.S. Crude Oil: The Upside & The Other Side

U.S. Crude Oil: The Upside & The Other Side U.S. Crude Oil: The Upside & The Other Side Greg Haas ghaas@hartenergy.com Director of Research, Integrated Oil & Gas Houston, Texas March 13, 2014 Disclaimer Reports by Hart Energy Research & Consulting,

More information

European Energy Union Impact on the Refining & Petrochemical Business. John Cooper, Director General Budapest, 13th October 2015

European Energy Union Impact on the Refining & Petrochemical Business. John Cooper, Director General Budapest, 13th October 2015 European Energy Union Impact on the Refining & Petrochemical Business John Cooper, Director General Budapest, 13th October 2015 FuelsEurope represents 42 Member Companies 100% of EU Refining Page 2 AGENDA

More information

Tax Increment Reinvestment Zone #1 City of Kaufman, Texas

Tax Increment Reinvestment Zone #1 City of Kaufman, Texas Tax Increment Reinvestment Zone #1 City of Kaufman, Texas PRELIMINARY PROJECT AND FINANCING PLAN DECEMBER 2015 Foreword Table of Contents Introduction TIRZ Boundary Current Conditions & Ownership Proposed

More information

Additional Transit Bus Life Cycle Cost Scenarios Based on Current and Future Fuel Prices

Additional Transit Bus Life Cycle Cost Scenarios Based on Current and Future Fuel Prices U.S. Department Of Transportation Federal Transit Administration FTA-WV-26-7006.2008.1 Additional Transit Bus Life Cycle Cost Scenarios Based on Current and Future Fuel Prices Final Report Sep 2, 2008

More information

Utilization of Associated Gas to Power Drilling Rigs A Demonstration in the Bakken

Utilization of Associated Gas to Power Drilling Rigs A Demonstration in the Bakken Utilization of Associated Gas to Power Drilling Rigs A Demonstration in the Bakken Bakken Artificial Lift and Production Denver, Colorado September 24 25, 2013 Chad Wocken*, John Harju, Grant Dunham, and

More information

Merger of the generator interconnection processes of Valley Electric and the ISO;

Merger of the generator interconnection processes of Valley Electric and the ISO; California Independent System Operator Corporation Memorandum To: ISO Board of Governors From: Karen Edson Vice President, Policy & Client Services Date: August 18, 2011 Re: Decision on Valley Electric

More information

Notice of proposed amendment to Service Charges for Regulatory Year ending 31 March 2019

Notice of proposed amendment to Service Charges for Regulatory Year ending 31 March 2019 Jacqui Russell Ofgem 10 South Colonnade Canary Wharf London, E14 4PU Ibex House 2 nd Floor 42-47 Minories London EC3N 1DY cc. SEC Parties 8 June 2018 Dear Jacqui, Notice of proposed amendment to Service

More information

US Shale Liquids Surge: Implications for the Crude Oil Value Chain

US Shale Liquids Surge: Implications for the Crude Oil Value Chain US Shale Liquids Surge: Implications for the Crude Oil Value Chain Praveen Gunaseelan Vantage Point Advisors Matt Thundyil Transcend Solutions COQA Spring Meeting Houston March 2012 Transcend Solutions

More information

ELECTRIC VEHICLE MARKET UPDATE

ELECTRIC VEHICLE MARKET UPDATE 16TH ANNUAL ENERGY FORECASTING MEETING / EFG AUSTIN, TX APRIL 26-28, 2018 ELECTRIC VEHICLE MARKET UPDATE MIKE RUSSO, ITRON, INC. MONTHLY U.S. EV SALES Source: Monthly Plug-in Sales Scorecard, Inside EVs.

More information

Alpine Highway to North County Boulevard Connector Study

Alpine Highway to North County Boulevard Connector Study Alpine Highway to North County Boulevard Connector Study prepared by Avenue Consultants March 16, 2017 North County Boulevard Connector Study March 16, 2017 Table of Contents 1 Summary of Findings... 1

More information

Tight Oil: A Solution to U.S. Import Dependence?

Tight Oil: A Solution to U.S. Import Dependence? Tight Oil: A Solution to U.S. Import Dependence? Geological Society of America Denver, Colorado October 28, 213 J. David Hughes Global Sustainability Research Inc. Post Carbon Institute The Shale Revolution

More information

The Shale Boom Heard Around the World

The Shale Boom Heard Around the World The Shale Boom Heard Around the World Ben Montalbano Director of Research and Operations Energy Policy Research Foundation, Inc. (EPRINC) Clingendael Institute November 5, 2013 Is this the wrong question?

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas ENERGY SLIDESHOW Updated: March 13, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Mar 9 = $65.12) WTI (Mar 9 = $61.65) 120 100

More information

Non-ABM Component Status. Presented to project status meeting: 11/27/2017

Non-ABM Component Status. Presented to project status meeting: 11/27/2017 Non-ABM Component Status Presented to project status meeting: 11/27/2017 1 StreetLight update areas Airport» TOD splits» Distribution Internal/External» TOD splits» Distribution» External-External vs.

More information

March 2, 2017 Integrating Transportation Planning, Project Development, and Project Programming

March 2, 2017 Integrating Transportation Planning, Project Development, and Project Programming COORDINATION WITH VDOT DISTRICTS TO DELIVER IMPLEMENTABLE IMPROVEMENT PROJECTS March 2, 2017 Integrating Transportation Planning, Project Development, and Project Programming PRESENTATION OUTLINE What

More information

1. Introduction and Summary

1. Introduction and Summary Calculating Gasoline RVP Seasonal Change Giveaway Economics 1. Introduction and Summary A. Barsamian, L.E. Curcio Refinery Automation Institute, LLC Tel: +1-973-644-2270 Email: jabarsa@refautom.com US

More information

Used Truck Update. Steve Tam ACT RESEARCH Co., LLC

Used Truck Update. Steve Tam ACT RESEARCH Co., LLC Used Truck Update Steve Tam ACT RESEARCH Co., LLC September 30, 2016 Presentation Overview Used Truck Market Performance Used Truck Database Overview Market Performance Charts Market Summary Sample in-depth

More information

Wyoming: At the Crossroads of the Boom

Wyoming: At the Crossroads of the Boom Wyoming: At the Crossroads of the Boom Trisha Curtis Director of Research, Upstream and Midstream Energy Policy Research Foundation, Inc. (EPRINC) Wyoming Pipeline Authority October 15th, 213 Thousand

More information

The Electrification Futures Study: Transportation Electrification

The Electrification Futures Study: Transportation Electrification The Electrification Futures Study: Transportation Electrification Paige Jadun Council of State Governments National Conference December 7, 2018 nrel.gov/efs The Electrification Futures Study Technology

More information

U.S. Solar Market Post 2016: Deployment and Employment. Justin Baca Senior Director of Research, SEIA

U.S. Solar Market Post 2016: Deployment and Employment. Justin Baca Senior Director of Research, SEIA U.S. Solar Market Post 2016: Deployment and Employment Justin Baca Senior Director of Research, SEIA Background Two federal investment tax credits (ITCs) for solar property Credit Application Current Level

More information

Philip Schaffner & Jason Junge Minnesota Department of Transportation

Philip Schaffner & Jason Junge Minnesota Department of Transportation Philip Schaffner & Jason Junge Minnesota Department of Transportation 100% 80% 60% 40% 20% 0% 9% 33% 9% 21% 29% Trunk Highways $1.3B 14% 16% 19% 33% 17% Greater Minnesota Transit $55.7M 25% 27% 36% Note:

More information

Like a Box of Chocolates The Condensate Dilemma. 3rd Annual NGLs Forum

Like a Box of Chocolates The Condensate Dilemma. 3rd Annual NGLs Forum Like a Box of Chocolates The Condensate Dilemma 3rd Annual NGLs Forum E. Russell Braziel RBN Energy, LLC September 23, 2013 Tsunami of Condensates Mb/d 1,600 1,400 1,200 1,000 800 600 400 200 0» Historically

More information

Sales of Fossil Fuels Produced from Federal and Indian Lands, FY 2003 through FY 2013

Sales of Fossil Fuels Produced from Federal and Indian Lands, FY 2003 through FY 2013 Sales of Fossil Fuels Produced from Federal and Indian Lands, FY 2003 through FY 2013 June 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report

More information

U.S. Natural Gas Outlook The 3rd London Gas & LNG Forum September 26 and 27, 2016 The Rag Army & Navy Club London

U.S. Natural Gas Outlook The 3rd London Gas & LNG Forum September 26 and 27, 2016 The Rag Army & Navy Club London U.S. Natural Gas Outlook The 3rd London Gas & LNG Forum September 26 and 27, 216 The Rag Army & Navy Club London Lucian Pugliaresi Energy Policy Research Foundation, Inc. Washington, DC 1 About EPRINC!

More information

Monro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018

Monro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018 Monro, Inc. Second Quarter Fiscal 2019 Earnings Call October 25, 2018 Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including

More information

Economic Development Benefits of Plug-in Electric Vehicles in Massachusetts. Al Morrissey - National Grid REMI Users Conference 2017 October 25, 2017

Economic Development Benefits of Plug-in Electric Vehicles in Massachusetts. Al Morrissey - National Grid REMI Users Conference 2017 October 25, 2017 Economic Development Benefits of Plug-in Electric Vehicles in Massachusetts Al Morrissey - National Grid REMI Users Conference 2017 October 25, 2017 National Grid US Operations 3.5 million electric distribution

More information

Western ND Meeting. February 19, 2014 Grant Levi, NDDOT Director

Western ND Meeting. February 19, 2014 Grant Levi, NDDOT Director Western ND Meeting February 19, 2014 Grant Levi, NDDOT Director 1 Traffic Trends in North Dakota 2 Truck Traffic 2008 3 Truck Traffic 2012 4 Average Daily Traffic 5 ND Vehicle Miles Traveled Statewide

More information

Ministério de Minas e Energia. Minister Eduardo Braga. Brazil - Texas Chamber of Commerce - BRATECC May/2015

Ministério de Minas e Energia. Minister Eduardo Braga. Brazil - Texas Chamber of Commerce - BRATECC May/2015 1 Minister Eduardo Braga Brazil - Texas Chamber of Commerce - BRATECC May/2015 2 3 World s 7 th largest economy; Investment grade Fiscal adjustment taking place; Inflation being controlled; Large and diversified

More information

May 1, SUBJECT: Demand Forecasting and the Transportation Sector

May 1, SUBJECT: Demand Forecasting and the Transportation Sector James Yost Chair Idaho W. Bill Booth Idaho Guy Norman Washington Tom Karier Washington Jennifer Anders Vice Chair Montana Tim Baker Montana Ted Ferrioli Oregon Richard Devlin Oregon May 1, 2018 MEMORANDUM

More information

A CO2-fund for the transport industry: The case of Norway

A CO2-fund for the transport industry: The case of Norway Summary: A CO2-fund for the transport industry: The case of Norway TØI Report 1479/2016 Author(s): Inger Beate Hovi and Daniel Ruben Pinchasik Oslo 2016, 37 pages Norwegian language Heavy transport makes

More information

Grid Operations and the Increasing Challenges of Balancing Renewable Energy ALBUQUERQUE QUALITY NETWORK

Grid Operations and the Increasing Challenges of Balancing Renewable Energy ALBUQUERQUE QUALITY NETWORK Grid Operations and the Increasing Challenges of Balancing Renewable Energy JANUARY 18 ALBUQUERQUE QUALITY NETWORK JANUARY 18, 2018 AGENDA Overview and History of PNM Grid Operation Challenges Generation

More information

UK Continental Shelf (UKCS) Oil and Gas Production and the UK Economy. Mike Earp

UK Continental Shelf (UKCS) Oil and Gas Production and the UK Economy. Mike Earp UK Continental Shelf (UKCS) Oil and Gas Production and the UK Economy Mike Earp 15 June 215 Outline Production and Reserves Expenditure, Income and Taxation Gross Value Added Trade Recent Production History

More information

Meter Reader: Commodity Price Sticking

Meter Reader: Commodity Price Sticking A Weekly Analysis Meter Reader: Commodity Price Sticking Summary and Conclusion Despite a decline in the past week in the price of natural gas for immediate delivery, the price for deliveries over the

More information

ALG July/August 2011 Edition Report

ALG July/August 2011 Edition Report ALG July/August 2011 Edition Report ALG July/August 2011 Edition Report Introduction: For the July/August 2011 edition, ALG has updated both gas price and used supply outlook to reflect the latest available

More information

May 2018 Short-Term Energy Outlook

May 2018 Short-Term Energy Outlook May 2018 for Williston Basin Petroleum Conference Bismarck, N.D. by Dr. Linda Capuano Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Brent crude oil

More information

2011 Economic Impact Report

2011 Economic Impact Report 2011 Economic Impact Report The Economic Impact of Franchised New Car Dealerships on the Colorado Economy Sponsored by: DIRECTOR S MESSAGE & BACKGROUND INTRODUCTION President s Message Tim Jackson President

More information

Thursday, March 6, 2014 Houston, TX. 8:30 9:40 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK

Thursday, March 6, 2014 Houston, TX. 8:30 9:40 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK Thursday, March 6, 214 Houston, TX 8:3 9:4 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK Presented by Jesse Thompson Business Economist Federal Reserve Bank of Dallas, Houston

More information

Energy Storage at PG&E

Energy Storage at PG&E Energy Storage at PG&E Hal LaFlash Director Emerging Clean Technologies April 5, 2011 Pacific Gas and Electric Company 2009 2010 Energy services to 15 MM people: 5.1 MM Electric customer accounts 4.3 MM

More information

Proposal Concerning Modifications to LIPA s Tariff for Electric Service

Proposal Concerning Modifications to LIPA s Tariff for Electric Service Proposal Concerning Modifications to LIPA s Tariff for Electric Service Requested Action: LIPA Staff proposes revisions to the Tariff for Electric Service under Service Classification No. 11 ( SC-11 ),

More information

Biodiesel Industry A Statewide Assessment

Biodiesel Industry A Statewide Assessment University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Industrial Agricultural Products Center -- Publications & Information Industrial Agricultural Products Center 8-31-2006

More information

Products Pipelines Tom Bannigan President

Products Pipelines Tom Bannigan President Products Pipelines Tom Bannigan President The Demographic Wave Kinder Morgan has built a portfolio of refined products assets in the fastest growing demographic markets in the country Demand for refined

More information

Meeting the Challenge EU CO2 Outlook

Meeting the Challenge EU CO2 Outlook Meeting the Challenge EU CO2 Outlook Tom De Vleesschauwer Associate Director Automotive Consulting Contents European Awareness Meeting the CO2 Challenge Draft Regulation The Industry Challenge Forecast

More information

Precision Station Stopping Progress Update

Precision Station Stopping Progress Update Washington Metropolitan Area Transit Authority Precision Station Stopping Progress Update Presented to: The Board of Directors; Customer Service, Operations and Safety Committee By PlanninghDevelopmenthEngineeringhConstruction

More information

Meter Reader A Weekly Analysis March 5, 2001 Eyes on March 20

Meter Reader A Weekly Analysis March 5, 2001 Eyes on March 20 Eyes on March 20 Summary and Recommendation Favorable news ahead for royalty trusts supports our continuing investment interest in natural gas producers particularly those with low McDep Ratios including

More information

Implications of the U.S. Shale Revolution

Implications of the U.S. Shale Revolution Implications of the U.S. Shale Revolution For October 17, 214 Chicago, Illinois By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent

More information

Decision on Merced Irrigation District Transition Agreement

Decision on Merced Irrigation District Transition Agreement California Independent System Operator Corporation Memorandum To: ISO Board of Governors From: Karen Edson, Vice President Policy & Client Services Date: March 13, 2013 Re: Decision on Merced Irrigation

More information

TEN YEAR PLANNING GUIDE SHASTA LAKE ELECTRIC UTILITY

TEN YEAR PLANNING GUIDE SHASTA LAKE ELECTRIC UTILITY TEN YEAR PLANNING GUIDE SHASTA LAKE ELECTRIC UTILITY 2011-2020 P+ PowerPlus Engineering A Department of STAR Energy Services, LLC TEN YEAR PLANNING GUIDE 2011-2020 SHASTA LAKE ELECTRIC UTILITY CITY OF

More information

Impact of Energy Efficiency and Demand Response on Electricity Demand

Impact of Energy Efficiency and Demand Response on Electricity Demand October 26, 2009 Impact of Energy Efficiency and Demand Response on Electricity Demand Perspectives on a Realistic United States Electric Power Generation Portfolio: 2010 to 2050 Presented by Lisa Wood

More information

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG M.M. Warburg Fieldtrip September 14th, 2017 Anton Poll Head of Financial Communication/ Analysis, AUDI AG Markets Financials Outlook The Audi brand comes from a unique growth story in units during the

More information

B A K E R & O B R I E N

B A K E R & O B R I E N B A K E R & O B R I E N I N C O R P O R A T E D Q3 : U. S. Refining Margins Remain Robust Special Topic: Domestic Light Oil Processing in the U.S. Gulf Coast Have We Hit the Limit? Houston, October 30,

More information

Sales and Use Transportation Tax Implementation Plan

Sales and Use Transportation Tax Implementation Plan Sales and Use Transportation Tax Implementation Plan Transportation is more than just a way of getting from here to there. Reliable, safe transportation is necessary for commerce, economic development,

More information

Futures Connection. Royalty Trust Next Twelve Months Distributions and One-Year Natural Gas Futures. HGT SJT 12 Month Natural Gas 5/2/02 4/4/02

Futures Connection. Royalty Trust Next Twelve Months Distributions and One-Year Natural Gas Futures. HGT SJT 12 Month Natural Gas 5/2/02 4/4/02 Futures Connection Summary and Recommendation It is of little surprise that estimates of Next Twelve Months Distributions track closely one-year natural gas futures, a.k.a. the 12-month strip (see Chart).

More information

Fuel Focus. National Overview. Recent Developments. In this Issue. Volume 11, Issue 13 June 24, 2016 ISSN

Fuel Focus. National Overview. Recent Developments. In this Issue. Volume 11, Issue 13 June 24, 2016 ISSN National Overview Fuel Focus Canadian Retail Gasoline Prices Remained the Same over the Last Two Weeks For the two-week period ending June 21, 16, the Canadian average retail gasoline price was $1.1 per

More information

4.0 TIER 2 ALTERNATIVES

4.0 TIER 2 ALTERNATIVES 4.0 TIER 2 ALTERNATIVES The Tier 2 Alternatives represent the highest performing Tier 1 Alternatives. The purpose of the Tier 2 Screening was to identify the LPA utilizing a more robust list of evaluation

More information

Demand Charges to Deal With Net Energy Metering: Key Considerations

Demand Charges to Deal With Net Energy Metering: Key Considerations Demand Charges to Deal With Net Energy Metering: Key Considerations Amparo Nieto Vice President Presented at EUCI Residential Demand Charges Symposium Calgary, Canada December 1, 2015 Key Rate Design Principles

More information

Small Scale GTL - Upstream Sector Leads the Way. Gulf Publishing GTL Technology Forum Houston TX July 2014 Iain Baxter Chief Operating Officer

Small Scale GTL - Upstream Sector Leads the Way. Gulf Publishing GTL Technology Forum Houston TX July 2014 Iain Baxter Chief Operating Officer Small Scale GTL - Upstream Sector Leads the Way Gulf Publishing GTL Technology Forum Houston TX 3-31 July 214 Iain Baxter Chief Operating Officer In the news today.. 214 Slide 2 Wall Street Journal Former

More information

Our Mission Safely move people and goods.

Our Mission Safely move people and goods. Our Mission Safely move people and goods. Published 1/15/2013 CNN Money that Williston strippers earn up to $3,000 a night. It's time Las Vegas lost its title as "stripper capital of the universe" to

More information

Future Fuels. John Eichberger Executive Director

Future Fuels. John Eichberger Executive Director Future Fuels John Eichberger Executive Director Fuels Institute jeichberger@fuelsinstitute.org @eichbergerjohn @fuelsinstitute Fuels Institute Board of Advisors Disclaimer: The opinions and views expressed

More information

Analysts Briefing. 23 August 2016

Analysts Briefing. 23 August 2016 Analysts Briefing 23 August 2016 1 Disclaimer This presentation contains forward looking statements concerning the financial condition, results and operations of The New Zealand Refining Company Limited

More information

Darquain Oil Field Development Project Phase III In Brief

Darquain Oil Field Development Project Phase III In Brief National Iranian Oil Company In Brief Consortium of IRAN ITOK Co. Petro Omid Asia Co. Omid Investment Management Co. and Pooya Energy CO. Prepared by: : Iran Itok Co.- Deputy of Projects 2012 NIOC In Brief

More information

Appendix I. Canning River Fan Stream Data

Appendix I. Canning River Fan Stream Data Appendix I Canning River Fan Stream Data Table 1: Available Stream Width and Bankfull Data Collected on the Canning River Fan Within 5 Miles of the Coast Stream Width (ft) Ordinary Top of Flood- Site

More information

CHAPTER 7: EMISSION FACTORS/MOVES MODEL

CHAPTER 7: EMISSION FACTORS/MOVES MODEL CHAPTER 7: EMISSION FACTORS/MOVES MODEL 7.1 Overview This chapter discusses development of the regional motor vehicle emissions analysis for the North Central Texas nonattainment area, including all key

More information

Valvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call. November 9, 2016

Valvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call. November 9, 2016 Valvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call November 9, 2016 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the

More information

Drilling in North America s Low Oil Price Environment

Drilling in North America s Low Oil Price Environment Drilling in North America s Low Oil Price Environment AMM 8 th Steel Tube & Pipe Conference March 10, 2015 Nicole Leonard, Bentek Energy 2014 Platts, McGraw Hill Financial. All rights reserved. Key Takeaways

More information

City of Hallandale Beach

City of Hallandale Beach City of Hallandale Beach Compressed Natural Gas (CNG) Filling Station and Fleet Conversion Market Assessment Presented by: Lambert Advisory, LLC August 19, 2013 I. The Ansin Boulevard Potential CNG Location

More information

Central City Line Locally Preferred Alternative (LPA) Amendment Public Hearing. July 24, 2014

Central City Line Locally Preferred Alternative (LPA) Amendment Public Hearing. July 24, 2014 Central City Line Locally Preferred Alternative (LPA) Amendment Public Hearing July 24, 2014 Project Description The Central City Line is a High Performance Transit project that will extend from Browne

More information

PREVIEW FundamentalEdge Report October 2018

PREVIEW FundamentalEdge Report October 2018 GLOBAL CRUDE OIL SUPPLY AND DEMAND PREVIEW FundamentalEdge Report October 2018 learn more at drillinginfo.com Key Takeaways This is a PREVIEW of a 20+ Page Report Global Crude Oil Supply and Demand is

More information

Department of Energy Analyses in Support of the EPA Evaluation of Waivers of the Renewable Fuel Standard November 2012

Department of Energy Analyses in Support of the EPA Evaluation of Waivers of the Renewable Fuel Standard November 2012 Department of Energy Analyses in Support of the EPA Evaluation of Waivers of the Renewable Fuel Standard November 2012 Ethanol Demand Curve for 2012 and 2013 In support of EPA analyses of the 2012 RFS

More information

Planning for Autonomous Vehicles. Stephen Buckley WSP Parsons Brinckerhoff KINETIC October 6, 2016

Planning for Autonomous Vehicles. Stephen Buckley WSP Parsons Brinckerhoff KINETIC October 6, 2016 Planning for Autonomous Vehicles Stephen Buckley WSP Parsons Brinckerhoff KINETIC October 6, 2016 When will we see AVs on our roads? 0-2 Years 2-5 Years 5-10 Years 10-15 Years 15+ Years 2 Overview Background

More information

Bond Rally Enhances Net Asset Value

Bond Rally Enhances Net Asset Value Bond Rally Enhances Net Asset Value A decline in the yield on the ten-year U.S. Treasury Note boosts present value of Trusts and Partnerships by about 2%. The increase in resource value is dampened slightly

More information

FUEL ECONOMY BASELINE AND TRENDS- MALAWI INSTITUTIONS

FUEL ECONOMY BASELINE AND TRENDS- MALAWI INSTITUTIONS FUEL ECONOMY BASELINE AND TRENDS- MALAWI INSTITUTIONS Ministry of Natural Resources, Energy and Mining; Ministry of Transport and Public Works; University of Malawi; National Commission for Science and

More information

US oil production hits 15-year high: DEC 04, 2012

US oil production hits 15-year high: DEC 04, 2012 Setting a New Standard!! US oil production hits 15-year high: DEC 04, 2012 Domestic crude oil production in September hit the highest monthly output since 1998, according to the U.S. Energy Information

More information

2016 Annual Statistical Bulletin. For further enquires and comments, please contact us at: Website:

2016 Annual Statistical Bulletin. For further enquires and comments, please contact us at:   Website: 2016 Annual Statistical Bulletin For further enquires and comments, please contact us at: E-mail: gmis.cpdd@nnpcgroup.com Website: www.nnpcgroup.com D I S C L A I M E R i NNPC ASB 2016 1st Edition This

More information