PLG Consulting presented an overview of the current flows of materials needed to support shale oil development. This is the fifth presentation that PLG has done on the subject in the last 8 months. The company has worked with some of the largest players in the oil & gas industry to help them gain an advantage through logistics. Contact us at www.plgconsulting.com for more information.
Oil & Natural Gas. The Evolving Freight Transportation ImpactsPLG Consulting
On July 30, 2013, CEO Graham Brisben presented at CIT’s Rail Resources Conference in Jackson Hole, Wyoming. Graham’s presentation, entitled “Oil & Natural Gas. The Evolving Freight Transportation Impacts,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
PLG Provides Industry Updates to GE CapitalPLG Consulting
On October 15, 2013, PLG CEO Graham Brisben presented to GE Capital in New York, New York. Graham’s presentation addressed transportation updates in the Oil & Gas market which have upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
PLG Consulting "Crude By Rail Report" at RailtrendsPLG Consulting
On November 21, 2013, CEO Graham Brisben presented at Railtrends Conference in New York, NY. Graham’s presentation, entitled “Crude By Rail Report,” is a consolidated version of PLG’s well-known Energy Logistics presentation with an emphasis on the following topics:
• Shale oil and oil sands impacts on crude by rail, new rail terminals, and new pipelines
• Lac Megantic’s effect on crude by rail and the tank car market
• Future crude oil logistics and trading patterns
If you have specific questions on energy related logistics or need strategic advice on the fast changing shale oil and gas industry, contact Graham at gbrisben@plgconsulting.com.
Rail summit gb presentation vgb final 060614PLG Consulting
This document provides an overview of shale development and its impacts on transportation. It discusses the resources and technologies enabling the North American energy revolution, including shale gas and tight oil plays. It also outlines trends in shale gas and tight oil production, processing, and transportation, including the increased use of rail and pipelines. The document summarizes how shale development is reshaping North American energy trade patterns and industrial development.
On September 25, 2013, PLG Consulting President Taylor Robinson presented at Industrial Minerals’ Frac Sands Conference in Minneapolis, Minnesota. The premise of the conference is: 'After the Gold Rush'; providing an in-depth assessment of exactly how the industry has reached its current heights and, importantly, where it is headed next. Taylor’s presentation, entitled “Mine to Market – How the Industry Has Matured,” gives current and future insight to all key aspects of the rapidly maturing frac sand supply chain.
PLG Consulting "Frac Sand - New Volume Impact" presentation given by Taylor Robinson at Industrial Minerals Conference on 9/23/2014 in Minneapolis, MN.
This document discusses the impact of unconventional energy resources like shale oil and gas and oil sands on rail transportation in North America. It notes that technological advances have enabled increased production from these resources, driving growth in related rail shipments of materials like frac sand and crude oil. However, pipeline capacity constraints currently necessitate significant crude by rail shipments, especially of Canadian oil. The document also examines proposed regulations on rail shipments of crude oil and their potential effects. Overall rail traffic of frac sand and crude oil has grown rapidly but further growth depends on regulatory and infrastructure developments.
Oil & Natural Gas. The Evolving Freight Transportation ImpactsPLG Consulting
On July 30, 2013, CEO Graham Brisben presented at CIT’s Rail Resources Conference in Jackson Hole, Wyoming. Graham’s presentation, entitled “Oil & Natural Gas. The Evolving Freight Transportation Impacts,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
PLG Provides Industry Updates to GE CapitalPLG Consulting
On October 15, 2013, PLG CEO Graham Brisben presented to GE Capital in New York, New York. Graham’s presentation addressed transportation updates in the Oil & Gas market which have upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
PLG Consulting "Crude By Rail Report" at RailtrendsPLG Consulting
On November 21, 2013, CEO Graham Brisben presented at Railtrends Conference in New York, NY. Graham’s presentation, entitled “Crude By Rail Report,” is a consolidated version of PLG’s well-known Energy Logistics presentation with an emphasis on the following topics:
• Shale oil and oil sands impacts on crude by rail, new rail terminals, and new pipelines
• Lac Megantic’s effect on crude by rail and the tank car market
• Future crude oil logistics and trading patterns
If you have specific questions on energy related logistics or need strategic advice on the fast changing shale oil and gas industry, contact Graham at gbrisben@plgconsulting.com.
Rail summit gb presentation vgb final 060614PLG Consulting
This document provides an overview of shale development and its impacts on transportation. It discusses the resources and technologies enabling the North American energy revolution, including shale gas and tight oil plays. It also outlines trends in shale gas and tight oil production, processing, and transportation, including the increased use of rail and pipelines. The document summarizes how shale development is reshaping North American energy trade patterns and industrial development.
On September 25, 2013, PLG Consulting President Taylor Robinson presented at Industrial Minerals’ Frac Sands Conference in Minneapolis, Minnesota. The premise of the conference is: 'After the Gold Rush'; providing an in-depth assessment of exactly how the industry has reached its current heights and, importantly, where it is headed next. Taylor’s presentation, entitled “Mine to Market – How the Industry Has Matured,” gives current and future insight to all key aspects of the rapidly maturing frac sand supply chain.
PLG Consulting "Frac Sand - New Volume Impact" presentation given by Taylor Robinson at Industrial Minerals Conference on 9/23/2014 in Minneapolis, MN.
This document discusses the impact of unconventional energy resources like shale oil and gas and oil sands on rail transportation in North America. It notes that technological advances have enabled increased production from these resources, driving growth in related rail shipments of materials like frac sand and crude oil. However, pipeline capacity constraints currently necessitate significant crude by rail shipments, especially of Canadian oil. The document also examines proposed regulations on rail shipments of crude oil and their potential effects. Overall rail traffic of frac sand and crude oil has grown rapidly but further growth depends on regulatory and infrastructure developments.
This document discusses the use of compressed natural gas (CNG) and liquefied natural gas (LNG) for heavy duty trucking. It notes that Clean Energy is the largest alternative transportation fuel provider, fueling over 30,000 vehicles daily. It discusses their fueling services for CNG time fill, CNG fast fill, and LNG. It also discusses the current and planned natural gas fueling infrastructure across the United States. The document outlines the benefits of using natural gas vehicles for fleets, including lower operating costs and reduced greenhouse gas emissions compared to diesel. It provides examples of economic models fleets can use to evaluate the costs and savings of adopting natural gas vehicles.
Plg union league railway supply group luncheonPLG Consulting
PLG Consulting is a logistics, engineering, and supply chain consulting firm established in 2001. They have over 100 clients and 250 engagements. They provide strategy, optimization, infrastructure development, and other consulting services. Their main industry verticals are energy, bulk commodities, and freight rail. The document discusses the implications of the North American energy revolution on rail transportation. New extraction technologies like hydraulic fracturing have led to surging production of oil, natural gas, and natural gas liquids in the US and Canada. This has displaced some water-borne crude imports and put North America on a path to energy independence by 2020. Crude-by-rail grew significantly from 2009 to 2014 to transport this domestic production to markets, and
Building An Earnings Accretive Energy CompanyKW Miller
The document discusses the natural gas market and production in the United States. It notes that natural gas prices are currently below $4/mmbtu but argues they will rise significantly due to new environmental taxes on fracking, deficiencies in gas distribution infrastructure, and the unknown production decline curve for shale gas wells. It also argues that if gas-fired power plants and other gas consumers increased usage, it would strain the distribution system and diminish any claims of excess gas supply. The document advocates for investment in natural gas infrastructure and production companies.
The Future Has Arrived: Petrochemicals And Energy By Rail | Southwest Rail Sh...PLG Consulting
The document summarizes a presentation given by Graham Brisben, CEO of PLG Consulting, at an annual meeting on February 21, 2018 in San Antonio, TX. The presentation covers topics including the energy and chemicals supply chain, recent developments in energy production and energy-by-rail transportation, and the ongoing US chemical industry build-out driven by shale gas resources. Charts and figures are included to illustrate trends in areas such as crude oil production, frac sand consumption, regional sand mine development, and projected industrial investment and rail impacts through 2025 resulting from shale gas-related expansion.
Petrochemical Supply Chain and Logistics 2017Taylor Robinson
This document summarizes the presentation by Taylor Robinson of PLG Consulting on shale gas, industrial expansion, and polyethylene. The presentation covers:
1) An overview of the US shale gas revolution and its impact on markets and logistics.
2) The impact of industrial build-out driven by shale gas, including $145B in investments through 2025 focused on petrochemicals and plastics in Texas and Louisiana.
3) Updates on North American polyethylene expansion, including capacity growth of 31% by 2020 that will require exports to grow from 2.5MM tons currently to over 6MM tons.
Frac Sand Market and Logistics, Plus Special Report on Permian Takeaway Logis...PLG Consulting
Frac sand supply was barely keeping up with growing demand in the 2nd quarter 2018. What changed in Q3? Was the number of Permian mines expanding or shrinking? What was happening to sand prices? Get these answers and more in this free presentation.
From Upstream to Downstream: Opportunities and Challenges for RailPLG Consulting
With unprecedented highs in crude, NGL, and natural gas production, the US is leveraging abundant and low-cost hydrocarbons to become one of the largest energy and chemicals suppliers to the world. PLG Consulting’s CEO Graham Brisben details why this is happening and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities. Download this free presentation given at the Rail Equipment Finance Conference 2019. In it, you’ll discover:
- What’s expected for frac sand rail shipments in 2019
- How small cube hoppers are affecting cars in storage
- The biggest stories that represent potential new rail volumes/tank car demand
- The forecast for shale-driven industrial investment
This document provides an overview of PLG Consulting, a logistics and supply chain consulting firm, and discusses how shale gas development is driving a manufacturing revolution in the United States. It notes that technological advances have unlocked previously inaccessible shale gas resources, lowering energy costs and providing abundant feedstocks. This low-cost shale gas and natural gas liquids are attracting manufacturing industries back to the US and driving expansion of existing chemical and industrial facilities. The document outlines impacts along the natural gas supply chain from production through processing, transportation and end use.
PLG REFC presentation "Shale Development: The Evolving Transportation Impacts"PLG Consulting
This document provides an overview of shale development impacts on transportation and logistics. Key points include:
- Shale development has increased demand for rail transportation of frac sand, crude oil, and other products over the last decade.
- Frac sand and crude oil by rail volumes have grown significantly since 2010 but remain smaller than coal volumes transported by rail.
- Low natural gas prices are driving growth in gas-intensive industries like steel, fertilizer, and methanol production in the US.
- Abundant and low-cost natural gas and natural gas liquids from shale are enhancing competitiveness of US manufacturing industries over the long term.
2019 Election| LNG| Natural Resources| Canada| August 2019paul young cpa, cga
Canada is one of the top exporters of Natural Gas
Canada lacks the LNG capacity to expand LNG exports
United States continues to expand its export market for its LNG - https://www.forbes.com/sites/judeclemente/2018/08/05/despite-trade-war-u-s-natural-gas-exports-booming-to-record-highs/#173faff614ea
Canada regulatory process will get messier if bill C-69 becomes law - https://www.bnnbloomberg.ca/video/what-bill-c-69-means-for-industry~1483271
Current western Canadian crude oil production is around 3.9 million barrels per day, with over 3.2 million barrels per day exported to the US by pipeline. The Gulf Coast region (PADD 3) is expected to be the destination for most incremental Canadian heavy oil production growth. PADD 3 has more than doubled its consumption of Canadian crude since 2014. However, pipelines delivering crude to PADD 3 from western Canada are becoming full, and additional rail capacity will be needed to transport the projected 820,000 barrel per day increase in Canadian production over the next three years. Widening price spreads will be required to incentivize the necessary shift of crude to the US Gulf Coast by rail.
Pipeline capacity in the Permian Basin is approaching maximum capacity, leaving up to 740,000 barrels per day of crude stranded by September 2019 according to PLG Consulting. Alternatives like rail and trucking cannot make up the capacity shortfall. This will result in an estimated $40 million per day or 200 million barrels of unrealized revenue for Permian producers over the next 16 months until new pipeline projects are completed. To mitigate the capacity constraints, producers may be forced to shift rigs and completions to other shale plays in order to maintain production growth goals.
This document provides an overview and analysis of the implications of lower oil prices for the North American rail and rail equipment markets from PLG Consulting. It notes that while shale oil rig counts are falling quickly in response to low prices, US and Canadian crude oil production will still grow in the medium term. It forecasts that crude by rail volumes will continue to increase through 2019, with the Bakken and Western Canada being the main drivers. Pipeline buildout remains a key issue, and crude by rail provides flexibility as an option to pipelines.
This document provides an overview and analysis of the implications of lower oil prices for the North American rail and rail equipment markets from PLG Consulting. It notes that while shale oil rig counts are falling quickly in response to low prices, US and Canadian crude oil production will still grow in the medium term. It forecasts that crude by rail volumes will continue to increase through 2019, with the Bakken and Western Canada being the main drivers. Pipeline buildout remains a key issue, and crude by rail provides flexibility as an option to pipelines.
North American Oil & Gas and Petrochemical Supply Chain: Latest Impact to RailPLG Consulting
With the current news cycle, keeping well-informed about the petrochemical, oil and gas industries can be a full-time job. Executives looking to improve their operations and understand market dynamics should check out this presentation given by PLG Consulting at the Midwest Association of Rail Shippers (MARS) 2018 Summer Meeting, where we covered:
- How oil prices will affect hydrocarbon production
- Key frac sand and logistics trends
- Opportunities for chemical, plastics and crude by rail
- Petrochemical investment forecasts
How Northeast Petrochemical Logistics Will Change The Industry LandscapePLG Consulting
In this presentation, originally given at the Northeast U.S. Petrochemical Conference in the summer of 2018, PLG Consulting covered:
- Development factors and challenges in NE petrochemical production over the next decade and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities
- Best practices in petrochemical industry logistics
- Developing logistics and supply chain strategies that lead to a competitive advantage
Robinson presents shale gas implactions for US manufacturing renaissancePLG Consulting
PLG President Taylor Robinson presents "Shale Gas Implications For US Manufacturing Renaissance" at Reinvesting in American Manufacturing conference in Houston, TX.
The document discusses corporate blogging and provides an overview of the benefits and key aspects to consider for organizations looking to implement blogging. It outlines why blogging is useful for knowledge sharing, marketing, collaboration and more. Examples are given of large tech companies that actively blog as well as topics that are well-suited for corporate blogs. Guidance is provided on setting up blogs and ensuring they are maintained and useful resources.
Kathleen Lally announces that Tom O'Flynn of PSEG will participate in a Morgan Stanley event in Chicago on October 9th. The event is a corporate access day focused on electric utilities. Supporting materials for O'Flynn's scheduled meetings can be accessed on PSEG's investor website.
The document summarizes the Australian bond market. It discusses:
1. The Australian bond market can be divided into government bonds and corporate bonds. Government bonds include those issued by the Commonwealth and states/territories.
2. The corporate bond market has grown significantly since the 1980s with deregulation and capital account liberalization. It is now dominated by financial institution issuers rather than non-financial corporations.
3. The Commonwealth government bond market involves fixed coupon bonds, indexed bonds, and treasury notes. It is an important market for investors like pension funds and insurance companies seeking low-risk assets.
Robotics is a branch of artificial intelligence involving the study of robot mechanisms, automation, chassis, and behavior, though the term was coined in 1950. Technocrat Automation in Chennai is a leading educational institution offering hands-on robotics training, with a 14,000 square foot lab facility and curriculum updated for the latest technologies. Students are encouraged to practice in the labs what they learn in classrooms. Technocrat hosts international students and helps its graduates find placements in core industries.
This document discusses the use of compressed natural gas (CNG) and liquefied natural gas (LNG) for heavy duty trucking. It notes that Clean Energy is the largest alternative transportation fuel provider, fueling over 30,000 vehicles daily. It discusses their fueling services for CNG time fill, CNG fast fill, and LNG. It also discusses the current and planned natural gas fueling infrastructure across the United States. The document outlines the benefits of using natural gas vehicles for fleets, including lower operating costs and reduced greenhouse gas emissions compared to diesel. It provides examples of economic models fleets can use to evaluate the costs and savings of adopting natural gas vehicles.
Plg union league railway supply group luncheonPLG Consulting
PLG Consulting is a logistics, engineering, and supply chain consulting firm established in 2001. They have over 100 clients and 250 engagements. They provide strategy, optimization, infrastructure development, and other consulting services. Their main industry verticals are energy, bulk commodities, and freight rail. The document discusses the implications of the North American energy revolution on rail transportation. New extraction technologies like hydraulic fracturing have led to surging production of oil, natural gas, and natural gas liquids in the US and Canada. This has displaced some water-borne crude imports and put North America on a path to energy independence by 2020. Crude-by-rail grew significantly from 2009 to 2014 to transport this domestic production to markets, and
Building An Earnings Accretive Energy CompanyKW Miller
The document discusses the natural gas market and production in the United States. It notes that natural gas prices are currently below $4/mmbtu but argues they will rise significantly due to new environmental taxes on fracking, deficiencies in gas distribution infrastructure, and the unknown production decline curve for shale gas wells. It also argues that if gas-fired power plants and other gas consumers increased usage, it would strain the distribution system and diminish any claims of excess gas supply. The document advocates for investment in natural gas infrastructure and production companies.
The Future Has Arrived: Petrochemicals And Energy By Rail | Southwest Rail Sh...PLG Consulting
The document summarizes a presentation given by Graham Brisben, CEO of PLG Consulting, at an annual meeting on February 21, 2018 in San Antonio, TX. The presentation covers topics including the energy and chemicals supply chain, recent developments in energy production and energy-by-rail transportation, and the ongoing US chemical industry build-out driven by shale gas resources. Charts and figures are included to illustrate trends in areas such as crude oil production, frac sand consumption, regional sand mine development, and projected industrial investment and rail impacts through 2025 resulting from shale gas-related expansion.
Petrochemical Supply Chain and Logistics 2017Taylor Robinson
This document summarizes the presentation by Taylor Robinson of PLG Consulting on shale gas, industrial expansion, and polyethylene. The presentation covers:
1) An overview of the US shale gas revolution and its impact on markets and logistics.
2) The impact of industrial build-out driven by shale gas, including $145B in investments through 2025 focused on petrochemicals and plastics in Texas and Louisiana.
3) Updates on North American polyethylene expansion, including capacity growth of 31% by 2020 that will require exports to grow from 2.5MM tons currently to over 6MM tons.
Frac Sand Market and Logistics, Plus Special Report on Permian Takeaway Logis...PLG Consulting
Frac sand supply was barely keeping up with growing demand in the 2nd quarter 2018. What changed in Q3? Was the number of Permian mines expanding or shrinking? What was happening to sand prices? Get these answers and more in this free presentation.
From Upstream to Downstream: Opportunities and Challenges for RailPLG Consulting
With unprecedented highs in crude, NGL, and natural gas production, the US is leveraging abundant and low-cost hydrocarbons to become one of the largest energy and chemicals suppliers to the world. PLG Consulting’s CEO Graham Brisben details why this is happening and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities. Download this free presentation given at the Rail Equipment Finance Conference 2019. In it, you’ll discover:
- What’s expected for frac sand rail shipments in 2019
- How small cube hoppers are affecting cars in storage
- The biggest stories that represent potential new rail volumes/tank car demand
- The forecast for shale-driven industrial investment
This document provides an overview of PLG Consulting, a logistics and supply chain consulting firm, and discusses how shale gas development is driving a manufacturing revolution in the United States. It notes that technological advances have unlocked previously inaccessible shale gas resources, lowering energy costs and providing abundant feedstocks. This low-cost shale gas and natural gas liquids are attracting manufacturing industries back to the US and driving expansion of existing chemical and industrial facilities. The document outlines impacts along the natural gas supply chain from production through processing, transportation and end use.
PLG REFC presentation "Shale Development: The Evolving Transportation Impacts"PLG Consulting
This document provides an overview of shale development impacts on transportation and logistics. Key points include:
- Shale development has increased demand for rail transportation of frac sand, crude oil, and other products over the last decade.
- Frac sand and crude oil by rail volumes have grown significantly since 2010 but remain smaller than coal volumes transported by rail.
- Low natural gas prices are driving growth in gas-intensive industries like steel, fertilizer, and methanol production in the US.
- Abundant and low-cost natural gas and natural gas liquids from shale are enhancing competitiveness of US manufacturing industries over the long term.
2019 Election| LNG| Natural Resources| Canada| August 2019paul young cpa, cga
Canada is one of the top exporters of Natural Gas
Canada lacks the LNG capacity to expand LNG exports
United States continues to expand its export market for its LNG - https://www.forbes.com/sites/judeclemente/2018/08/05/despite-trade-war-u-s-natural-gas-exports-booming-to-record-highs/#173faff614ea
Canada regulatory process will get messier if bill C-69 becomes law - https://www.bnnbloomberg.ca/video/what-bill-c-69-means-for-industry~1483271
Current western Canadian crude oil production is around 3.9 million barrels per day, with over 3.2 million barrels per day exported to the US by pipeline. The Gulf Coast region (PADD 3) is expected to be the destination for most incremental Canadian heavy oil production growth. PADD 3 has more than doubled its consumption of Canadian crude since 2014. However, pipelines delivering crude to PADD 3 from western Canada are becoming full, and additional rail capacity will be needed to transport the projected 820,000 barrel per day increase in Canadian production over the next three years. Widening price spreads will be required to incentivize the necessary shift of crude to the US Gulf Coast by rail.
Pipeline capacity in the Permian Basin is approaching maximum capacity, leaving up to 740,000 barrels per day of crude stranded by September 2019 according to PLG Consulting. Alternatives like rail and trucking cannot make up the capacity shortfall. This will result in an estimated $40 million per day or 200 million barrels of unrealized revenue for Permian producers over the next 16 months until new pipeline projects are completed. To mitigate the capacity constraints, producers may be forced to shift rigs and completions to other shale plays in order to maintain production growth goals.
This document provides an overview and analysis of the implications of lower oil prices for the North American rail and rail equipment markets from PLG Consulting. It notes that while shale oil rig counts are falling quickly in response to low prices, US and Canadian crude oil production will still grow in the medium term. It forecasts that crude by rail volumes will continue to increase through 2019, with the Bakken and Western Canada being the main drivers. Pipeline buildout remains a key issue, and crude by rail provides flexibility as an option to pipelines.
This document provides an overview and analysis of the implications of lower oil prices for the North American rail and rail equipment markets from PLG Consulting. It notes that while shale oil rig counts are falling quickly in response to low prices, US and Canadian crude oil production will still grow in the medium term. It forecasts that crude by rail volumes will continue to increase through 2019, with the Bakken and Western Canada being the main drivers. Pipeline buildout remains a key issue, and crude by rail provides flexibility as an option to pipelines.
North American Oil & Gas and Petrochemical Supply Chain: Latest Impact to RailPLG Consulting
With the current news cycle, keeping well-informed about the petrochemical, oil and gas industries can be a full-time job. Executives looking to improve their operations and understand market dynamics should check out this presentation given by PLG Consulting at the Midwest Association of Rail Shippers (MARS) 2018 Summer Meeting, where we covered:
- How oil prices will affect hydrocarbon production
- Key frac sand and logistics trends
- Opportunities for chemical, plastics and crude by rail
- Petrochemical investment forecasts
How Northeast Petrochemical Logistics Will Change The Industry LandscapePLG Consulting
In this presentation, originally given at the Northeast U.S. Petrochemical Conference in the summer of 2018, PLG Consulting covered:
- Development factors and challenges in NE petrochemical production over the next decade and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities
- Best practices in petrochemical industry logistics
- Developing logistics and supply chain strategies that lead to a competitive advantage
Robinson presents shale gas implactions for US manufacturing renaissancePLG Consulting
PLG President Taylor Robinson presents "Shale Gas Implications For US Manufacturing Renaissance" at Reinvesting in American Manufacturing conference in Houston, TX.
The document discusses corporate blogging and provides an overview of the benefits and key aspects to consider for organizations looking to implement blogging. It outlines why blogging is useful for knowledge sharing, marketing, collaboration and more. Examples are given of large tech companies that actively blog as well as topics that are well-suited for corporate blogs. Guidance is provided on setting up blogs and ensuring they are maintained and useful resources.
Kathleen Lally announces that Tom O'Flynn of PSEG will participate in a Morgan Stanley event in Chicago on October 9th. The event is a corporate access day focused on electric utilities. Supporting materials for O'Flynn's scheduled meetings can be accessed on PSEG's investor website.
The document summarizes the Australian bond market. It discusses:
1. The Australian bond market can be divided into government bonds and corporate bonds. Government bonds include those issued by the Commonwealth and states/territories.
2. The corporate bond market has grown significantly since the 1980s with deregulation and capital account liberalization. It is now dominated by financial institution issuers rather than non-financial corporations.
3. The Commonwealth government bond market involves fixed coupon bonds, indexed bonds, and treasury notes. It is an important market for investors like pension funds and insurance companies seeking low-risk assets.
Robotics is a branch of artificial intelligence involving the study of robot mechanisms, automation, chassis, and behavior, though the term was coined in 1950. Technocrat Automation in Chennai is a leading educational institution offering hands-on robotics training, with a 14,000 square foot lab facility and curriculum updated for the latest technologies. Students are encouraged to practice in the labs what they learn in classrooms. Technocrat hosts international students and helps its graduates find placements in core industries.
public serviceenterprise groupinvestor_factsheet08finance20
Public Service Enterprise Group (PSEG) is one of the largest electric companies in the US operating through three principal subsidiaries: PSEG Power supplies electricity in constrained Northeast and Mid-Atlantic markets; PSE&G transmits and distributes electricity and gas in New Jersey; and PSEG Energy Holdings operates in the electric industry through its Global subsidiary and manages energy industry investments through its Resources subsidiary. PSEG is well-positioned to benefit from increased infrastructure investment and policies aimed at reducing environmental impacts. PSEG has a diverse portfolio of low-cost, base-load generating assets operating in tight markets as well as reliable utility delivery systems providing opportunities for growth and shareholder returns of 10-13%.
El documento describe cómo las empresas pueden utilizar las herramientas de la Web 2.0 como blogs, YouTube, Flickr y redes sociales como Facebook y Tuenti para interactuar con los clientes, promocionar sus servicios y obtener comentarios y valoraciones de los clientes. Estas herramientas permiten una comunicación más colaborativa y participativa con los clientes en comparación con los medios tradicionales.
This document provides an overview of Public Service Enterprise Group (PSEG) and includes forward-looking statements about PSEG's performance. It notes factors that could cause actual results to differ from expectations, such as changes in energy policy, regulation of PSEG's transmission and distribution businesses, environmental regulations, and other risks. The document also includes information about PSEG's generation assets, market positioning, hedging programs, and views on power market volatility.
1. The document discusses corporate blogging, providing statistics on corporate blogs and reasons why companies should have blogs.
2. It outlines the benefits of corporate blogging such as inexpensive knowledge management, branding, and increased productivity. Blogs can be used to share projects, services, and research.
3. Examples are given of large tech companies like Microsoft and HP that have embraced corporate blogging, with Microsoft having over 800 employee blogs. Guidelines and examples of effective corporate blogging are provided.
El terremoto de San Francisco de 1906 ocurrió el 18 de abril a las 5:12 am con una magnitud estimada entre 7-8 grados en la escala de Richter. Tuvo su epicentro en la costa de Daly City al suroeste de San Francisco y duró aproximadamente 50 segundos. Más de 3,000 personas murieron, la mayoría en la ciudad de San Francisco, debido a los incendios que arrasaron el 80% de la ciudad luego de que las cañerías de agua se rompieran.
Este documento trata sobre las discapacidades sensoriales. Explica que estas incluyen la ceguera, la sordera y problemas de comunicación. Describe los diferentes tipos de ceguera y sordera, así como los medios de comunicación utilizados por personas con discapacidades visuales u auditivas, como el alfabeto Braille y lenguaje de señas. También menciona algunas barreras a la comunicación y la integración que enfrentan estas personas.
This document provides an overview of the impacts of shale development on freight transportation. It discusses how advances in hydraulic fracturing and horizontal drilling have driven rapid growth in natural gas and oil production in the US. This has created demand for transportation of materials to well sites like sand, chemicals, water and pipe as well as outbound shipments of gas, NGLs, crude and refined products. It notes the impacts on rail traffic volumes and discusses trends in sand mining, transportation costs and railcar market conditions. The document also summarizes downstream impacts including fuel switching in power generation favoring gas over coal, and industrial growth in steel, fertilizer and other manufacturing sectors due to lower natural gas prices.
PLG MARS Presentation Energy Logistics 070913PLG Consulting
This document discusses the impacts of increased shale oil and gas development on freight transportation and logistics. Key points include:
1) Advances in hydraulic fracturing and horizontal drilling have driven large increases in U.S. oil and natural gas production from shale plays. This has disrupted traditional supply chains and driven growth in related industries like petrochemicals and steel manufacturing.
2) Shale development requires large volumes of frac sand, water, and other inputs to be transported to well sites by rail and truck. It also produces oil, natural gas, and natural gas liquids that must be moved out of plays through pipelines, rail, and trucks.
3) Abundant natural gas supplies are displacing coal
PLG Presents to Midwest Association of Rail ShippersPLG Consulting
On July 9, 2013, CEO Graham Brisben presented PLG’s perspective of the shifting economy by examining the impact of crude by rail in today’s marketplace. More specifically, Graham discussed the impact of shale oil and gas which is upending traditional logistics and trading patterns in the energy industry which has started an industrial renaissance in the U.S.
The Energy Opportunity in Oil & Natural Gas: Crude Oil is Only the BeginningPLG Consulting
On June 3, 2013, Gordon Heisler, Senior Consultant at PLG Consulting presented at the American Railway Development Association’s 107th Annual Meeting in San Francisco, CA. Gordon’s presentation, entitled “The Energy Opportunity in Oil & Natural Gas. Crude Oil is Only the Beginning,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the US.
This document provides an overview of the North American energy revolution driven by shale oil and gas resources. It discusses the abundant recoverable unconventional energy resources including shale plays and oil sands. New technologies like hydraulic fracturing and horizontal drilling have unlocked these resources and driven down costs. This has led to a surge in production, displaced imports, and growing exports. It also discusses the infrastructure challenges of moving these new sources of supply and the impacts on downstream industries.
Industrial minerals oilfield minerals outlook 2014 finalPLG Consulting
1. The document discusses the state of the proppants market, including trends in demand and supply for different proppant types like natural sand, ceramics, and resin-coated sand.
2. It outlines key logistics components of the frac sand supply chain from mining to delivery at the wellhead and notes that efficient unit train operations are important for lowering costs.
3. New fracking techniques are driving increased demand for frac sand as well pad development and optimized well design techniques use more sand per well.
The document summarizes the development of the frac sand supply chain industry from its early growth to the current trends toward consolidation and optimization. It discusses how demand is driven by shale drilling activity, the major players in sand mining and logistics, and cost factors. The presentation predicts further consolidation, with the most efficient integrated supply chains winning by leveraging every link to provide the lowest total delivered cost. Within 3-5 years the industry will likely see significant growth driven by liquids production, with "tier 1" suppliers focusing on reducing costs through continuous improvement and gaining volume leverage.
This document provides an overview of PLG Consulting, a boutique consulting firm focused on logistics, engineering, and supply chain services for the energy and bulk commodities industries. It discusses PLG's experience in crude by rail projects, including optimization, commercial negotiations, infrastructure design and engineering. The document also summarizes trends in North American energy production driven by shale oil and gas, and the resulting impacts on crude transportation and infrastructure needs. It includes forecasts for growth in crude by rail volumes from the Bakken and Western Canada through 2019 under a low oil price scenario.
This document discusses crude-by-rail (CBR) transportation in North America. It provides background on the growth of unconventional oil and gas production from shale plays and oil sands. Technological improvements have increased productivity and lowered costs. This has driven growth in CBR to transport crude oil from production areas to refineries. The document outlines the historical phases of CBR and factors that will influence its future, such as rail capacity, regulations, and price differentials. It also summarizes projections for continued growth in CBR origins from the Bakken and Western Canada due to inadequate pipeline capacity in the short to medium term.
PLG Provides Industry Update to Stifel Nicolaus InvestorsPLG Consulting
On May 24, 2013, PLG CEO Graham Brisben and President Taylor Robinson presented to industry investors and analysts via teleconference sponsored by Stifel Nicolaus Capital Markets. Graham’s presentation was entitled “Crude by Rail Update.” Taylor’s presentation was entitled “Shale Gas – Driver of Reshoring.” The presentations addressed the current crude-by-rail market in the US, as well as industry trends leading to a renewed reshoring focus for US manufacturers.
PLG Rail Equipment Finance Presentation March 2014PLG Consulting
This document provides an overview of shale development impacts on transportation and logistics. It discusses how shale development has increased demand for rail transportation of materials like frac sand, crude oil, and feedstocks. It also notes that while shale-related rail traffic has grown, it remains relatively small compared to existing coal volumes. The document summarizes trends in various shale-related commodities and outlines questions around the future of industries like frac sand and crude by rail.
This document provides an overview and analysis of the proppants market from a presentation by Taylor Robinson of PLG Consulting. It summarizes that demand for natural sand is rising significantly due to new fracking techniques, while ceramic and resin coated volumes are flat to down. Supply of natural sand is adequate as new mines continue to come online. Unit train shipping has been a major logistical development, while trucking remains regional. The presentation examines proppant supply chains, mining and processing locations, major shipping flows, and rail transport. It identifies consolidation, efficient supply chains, and cost reduction as keys for companies going forward.
Robinson presents "State of the Proppants Market" presentationPLG Consulting
This document provides an overview and analysis of the proppants market from a presentation by Taylor Robinson of PLG Consulting. It summarizes that demand for natural sand is rising significantly due to new fracking techniques, while ceramic and resin coated volumes are flat to down. Supply of natural sand is keeping pace through new mines and adequate transloading infrastructure. It also notes that consolidation and improving logistics efficiency will be key for companies to succeed in the proppants industry in coming years as customers focus on reducing total costs.
This document summarizes a conference call hosted by Stifel Capital Markets on December 9, 2013. The call featured two presentations on topics related to the shale gas and oil industries in the United States: 1) The implications of shale gas for the resurgence of US manufacturing, presented by Taylor Robinson of PLG Consulting. 2) An analysis of the growth of crude oil transport by rail, or "crude by rail", presented by Graham Brisben also of PLG Consulting. The document provides background on PLG Consulting and outlines the agenda and dial-in details for the conference call.
PLG President Taylor Robinson presented at the Crude Oil Transportation 2014 conference in Calgary, Alberta on September 3, 2014. Mr. Robinson’s analysis focused on comparing the crude by rail model created in the Bakken over the past five years with the new and quickly evolving Western Canadian model. As well, the potential impact of U.S. DOT regulatory changes are shared in the presentation.
This document provides an overview of energy production, transportation, and consumption. It discusses topics like fracking, the Keystone XL pipeline, coal and natural gas production, and unconventional oil and gas resources. It also summarizes changes in North American energy infrastructure and flows to accommodate increasing domestic production.
PLG Consulting’s CEO, Graham Brisben presented his presentation Shale Developments: The Evolving Transportation Impacts to the Broe Group on June 23, 2014.
This document discusses PLG Consulting's expertise in bulk commodity logistics, energy and chemical markets, and logistics infrastructure design. It provides an overview of PLG's team experience, core expertise, and services. It also includes presentations on trends in US shale energy supply chains including production and transportation of crude oil, natural gas, natural gas liquids, and frac sand.
The document summarizes the implications of the North American energy revolution for rail transportation. It discusses how new extraction technologies have led to surging domestic production of oil, gas and NGLs, displacing many imports. This has led to growth in crude-by-rail as production outpaced pipeline capacity, especially for Bakken crude moving to refineries. It forecasts crude-by-rail volumes remaining stable as pipelines are built out slowly, and prices expected to rebound after a challenging 2015 enables continued production growth and frac sand/crude-by-rail demand.
Upstream - Production $ Downstream Opportunities from Ethane CrackerAndy Martin
Beaver County is looking to capitalize on its proximity to major natural gas deposits by attracting petrochemical companies. Shell announced its preferred site for a new petrochemical facility is in Monaca, Beaver County. If built, the plant would create thousands of construction jobs and hundreds of permanent jobs, and have a major economic impact on the region. The county is working to develop the necessary infrastructure and workforce training programs to support the potential Shell project and other natural gas-related businesses.
Similar to PLG 2013 State of Freight Summit Presentation (20)
This document discusses shale development opportunities in Argentina, with a focus on the evolving supply chain to support shale gas and oil production. It provides an overview of Argentina's shale resources, particularly in the Neuquén Basin, and investments being made in the country by companies like YPF, Chevron, and Bridas to develop the Vaca Muerta shale formation. The document also examines requirements for imported goods and services to support Argentina's growing shale industry and the impacts this could have on domestic energy supply and potential for natural gas and natural gas liquid exports.
PLG Consulting is a boutique consulting firm that specializes in energy, bulk commodities, and manufacturing industries. Shale oil and gas development has significantly impacted these industries through lower energy and feedstock costs in the United States. Cheap natural gas from shale plays has made US electricity costs much more competitive for manufacturers compared to other countries. Additionally, plentiful natural gas liquids like ethane provide a low-cost feedstock advantage for petrochemical and plastics producers in the US. These cost advantages are driving reshoring of manufacturing back to the United States from overseas.
This document provides a summary of a presentation by PLG Consulting about the impacts of shale development on freight transportation. It discusses how hydraulic fracturing and horizontal drilling have driven growth in natural gas and crude oil production in the US. Specifically, it addresses how shale development is affecting logistics and transportation needs for inputs like proppants, water, and chemicals to oil and gas wells. It also examines downstream impacts on industries that use natural gas, natural gas liquids, and crude oil as feedstocks. In conclusion, it considers factors that could impact future natural gas demand and prices and the potential for liquefied natural gas exports.
This document summarizes the logistics impacts of increased oil and natural gas production from shale plays in North America. It discusses how shale development is driving growth in natural gas and oil production. This rapid growth is impacting many industries that rely on natural gas, oil, or their byproducts as feedstocks, including petrochemicals, steel manufacturing, and fertilizer production. It also discusses the transportation requirements for moving materials to and from shale drilling sites and production facilities.
PLG Consulting is a boutique consulting firm specializing in logistics, engineering, and supply chain management for the energy and bulk commodities industries. It has over 80 clients and 200 engagements. The document discusses trends in the proppant market such as increasing demand, consolidation among suppliers, the growth of sand mining and rail shipments, and the importance of efficient logistics networks in reducing costs. It also notes how transportation and logistics are becoming competitive advantages for buyers in the evolving market.
PLG is a consulting firm specializing in logistics, engineering, and supply chain management. They offer strategic, analytical, and operational expertise to clients across industries. Their team of experienced industry veterans provides comprehensive solutions from analysis through implementation. PLG aims to fully understand clients' businesses and strategies to deliver customized solutions that help achieve commercial goals and competitive advantage.
This document discusses opportunities for businesses in northeast Ohio from increased shale energy development. It provides an overview of PLG Consulting, recent energy booms, and shale energy 101. There are significant economic opportunities for Ohio and Pennsylvania in midstream processing and downstream petrochemical manufacturing due to low natural gas prices. This could create a major resins and plastics manufacturing hub. Many regional businesses across construction, transportation, food services, and more would see increased demand. The scale and timing of development depends on factors like natural gas prices and infrastructure expansion.
PLG Stifel Nicolaus Presentation - 10/29/12PLG Consulting
This document discusses the logistics impacts of increased shale oil and gas development in North America. It notes that shale development relies on hydraulic fracturing which requires large amounts of proppants, chemicals, water and equipment to be transported to well sites. The shale boom has driven significant growth in transportation of these materials by truck, rail and pipeline. It also discusses how increased natural gas and oil production is fueling growth in petrochemical manufacturing and its supply chain in the US.
This document provides a summary of a presentation by Professional Logistics Group (PLG) Consulting about the impacts of shale development on freight transportation. PLG Consulting is a logistics consulting firm that has significant experience advising clients on shale development projects. The presentation discusses how shale development, particularly in the Bakken region, is driving growth in rail transportation of frac sand, crude oil, and other materials. It also outlines planned pipeline expansion projects to increase takeaway capacity for crude oil out of the Bakken region.
PLG Consulting prepared a report for Black Gold Ohio on logistics in the developing Utica Shale region. The report discussed the logistics challenges of shale development booms, outlined the supply chain flows for Utica shale oil and gas development, and analyzed infrastructure and transportation needs. It concluded that for Utica shale to succeed, it must have the most cost-competitive production and logistics costs to outcompete other shale plays.
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1. Professional Logistics Group
Oil & Natural Gas:
The Evolving Freight
Transportation Impacts
Prepared for
May 22, 2013 Chicago, IL
State of Freight
Summit 2013
2. » Boutique consulting firm specializing in logistics, engineering, and
supply chain
§ Established in 2001
§ Over 100 clients and 250 engagements
» Headquarters in Chicago USA, with team members throughout
the US and with “on the ground” experience in:
§ North America / Europe / South America / Asia / Middle East
» Consulting services
§ Strategy & optimization
§ Assessments & benchmarking
§ Transportation assets & infrastructure
§ Logistics operations
§ M&A/investments/private equity
» Key industry verticals:
§ Oil & gas
§ Chemicals & plastics
§ Wind energy & project cargo
§ Bulk commodities (minerals, mining, agricultural)
§ Industrial manufactured goods
§ Private equity
About PLG Consulting
2
5. Hydraulic Fracturing
Equipment Staging Area
Source: JPTOnline.org
Frac Tanks/Fluid Storage
Chemical Trucks
Blender
Sand Storage
Unit
Pump Trucks
Data Van
5
7. Shale Driving Growth in Natural
Gas and Crude Oil Production
» 1,769 onshore rigs in operation as of May 10, 2013
» 700% increase in shale gas production since 2007
» Domestic oil production at 21-year high (7.2 MM bbl/d)
7Source: Baker Hughes 2013
Feb. 2013
7.18MM bpd
U.S. Crude Oil Production
Source: EIA
GAS OIL THERMAL
Source: Baker Hughes
GAS OIL THERMAL
8. 8
Shale Development Supply Chain
and Downstream Impacts
Feedstock (Ethane)
Byproduct (Condensate)
Home Heating (Propane)
Other Fuels
Other Fuels
Gasoline
Inputs >> Wellhead >> Direct Output >> Thermal >> Fuels >> Raw Materials >> Downstream Products
Gas
NGLs
Crude
Proppants
OCTG
Chemicals
Water
Cement
Generation
Process Feedstocks
All Manufacturing
Steel
Fertilizer (Ammonia)
Methanol
Chemicals
Petroleum Products
Petrochemicals
» Shale development impact on the railcar industry is long-term, wide-ranging, and positive with only one exception
9. Hydraulic Fracturing Materials Inputs
and Logistics – Per Well
9
Materials
Chemicals
Clean Water/
Cement
Proppants
OCTG (Pipe)
Source to
Transloading
2
Local source
40
5
Transloading to
Wellhead Site
8
~1,000
160
20
47 Total
Railcars
~1,200 Total
Truckloads
Oil/Gas/NGLs
Truck, Rail,
Pipeline
Waste Water
~500 Total
Truckloads
10. 10
Correlation of Operating Rig Count
with Sand and Crude Shipments
STCC 14413 (sand) and 13111 (petroleum) Source: US Rail Desktop, Baker Hughes
11. All Sand Handled by Railroad
11
STCC 14413 Source: US Rail Desktop
12. Sand Mining Overcapacity:
New Reality
12
» Growth in Wisconsin sand mining
industry has slowed
§ 60 mine/processing operations proposed
June 2011 – June 2012
§ Four (4) proposed June 2012 – January
2013
» Transportation costs continue to
concern WI and MN sand
shippers
» Established Illinois companies
seeing significant upturns in
volumes and financial returns
» Industry consolidation continues
13. Processed Sand Total
Delivered Cost
Source: PLG analysis 13
» Benchmark cost with well-executed
performance
§ Example unit train movement from Wisconsin to
Texas with total delivered cost of approx. $180/ton
§ Logistics drives ~60% of total delivered sand cost
» Potential for significant cost add-
ons caused by strategic and
tactical issues
§ Sub-optimal logistics network design or
infrastructure
- Manifest service (rail)
- Multi-carrier vs. single line haul (rail)
- Equipment/driver shortages
§ Poor planning and/or execution
- Rail and/or truck demurrage costs
– Performance penalties
§ Uncompetitive sand price
§ Poor sand quality
14. Changes in Sand Logistics
Model and Costs
» Rail rate advantage for volume and unit train vs. manifest service
§ On a per-ton basis between Wisconsin and Texas, spreads are 17-29%
» Western carriers are driving single line hauls and encouraging
longer trains to Eagle Ford via pricing differentials
» Canadian and Eastern carriers are aggressively working to grow
their markets by providing very competitive pricing and securing
sand originations
§ CN/Superior Silica Sands – Poskin (Barron), WI
» Major sand providers establishing “in the play” transloading
facilities to provide ready access to product
§ U.S. Silica - East Liverpool, OH
§ U.S. Silica – San Antonio, TX
§ Potential 2nd facility under consideration in San Antonio, TX
» Post-boom market maturation
14Source: PLG analysis
15. Sand Railcar Market Conditions
» Conditions are normalizing
§ Builder backlog has been resolved
– Wait time is now attributable to other car types in the pipeline
§ Many surplus cars have found homes
§ 2013 total production of sand cars will be closer to the
historical average of 2,000 – 3,000 units
» Lease market settling into familiar patterns
§ Traditional pricing behavior: Newer/286k cars more
expensive than older/263k cars
§ Cars with sub-optimal design (i.e. older grain cars)
being flushed out and replaced where possible
§ Lessors placing modest “spec” orders
§ Credit-worthiness of lessee is still a critical criteria
» Looking forward
§ Positive developments in housing/construction should
equate to additional demand for small cube hoppers
§ General optimism that demand from sand shippers may
also strengthen
15
16. Shale Play Product Flows Outbound
» Natural Gas
§ Majority via pipelines, some trucks
» Natural Gas Liquids (NGLs)
§ Requires processing (fractionation)
§ 3-9 gallons/MCF (thousand cubic feet)
– Ethane ~42%
– Propane ~28%
– Normal Butane ~8%
– Iso-Butane ~9%
– Condensate ~13%
» Crude Oil
§ Bakken play as a model
§ Surging Permian and Eagle Ford development
16
17. Shale Development Natural
Gas Impacts
» Industry a “victim of its own success”
§ Fracking results in oversupply; gas prices down 33%
since 2010
§ Rigs leave Marcellus, other gas plays for oil plays
§ Helped to deflate frac sand boom
» Low gas prices fueling industrial renaissance
§ Overall manufacturing (cost of electricity; “re-shoring”)
§ Specific sectors that use natural gas as a feedstock
– Methanol (16MM m/t new capacity under consideration)
– Steel
– Fertilizer
17Source: EIASource: EIA
18. Natural Gas Displacement of Coal
for Thermal Generation
» Natural gas now supplying approx. 30% of thermal fuel
demand (~13% share capture from coal)
» Despite recent increases in prices, natural gas share
capture expected to maintain or grow
§ Environmental regulations of coal burning
§ Scheduled coal unit retirements
» Adversely affecting coal industry, railroad coal loadings
18Source: CME and Morningstar
19. Shale Related Rail Traffic Still Small
Relative to Coal Volumes
Sand
Crude
Coal
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2008
2009
2010
2011
2012
Sand
Crude
Coal
Carloads
Quarterly Data
Railcars Handled: Sand , Crude & Coal
Sand
Crude
Coal
19
STCC 14413 (sand), 13111 (petroleum), 11212 (coal)
Source: US Rail Desktop
21. Shale Gas Driving Steel
Manufacturing Comeback in US
21
» Shale gas boom makes direct-reduced iron steel economical
§ DRI plants viable with growth in shale gas
§ Not new technology, but preferable with lower cost natural gas
§ DRI process uses natural gas in place of coal to produce iron
§ Cost of production 20% lower per ton vs. traditional blast furnace
» U.S. jobs and international investment
§ Steel production in the U.S has shrunk 3.4% since 2008
– Compare to 14% growth in steel production internationally
– Domestic steel industry capacity running at 74%
§ At least five new DRI steel plants being considered in the U.S. – now economical for
the first time in 30 years due to low cost of natural gas
§ Both domestic and international firms investing in the technology
§ Initial investments create up to 500 jobs and 150 permanent employees
» Reciprocal growth
§ Increased demand for U.S. steel creates greater demand for U.S. gas
§ Joint venture between Nucor Corp. and Encana Corp. commits $3 billion to
development of new gas wells to support DRI plants
§ Voestalpine $700MM investment in Texas
§ DRI-derived steel of higher quality than that created from recycled scrap, further
driving demand
22. Shale Gas Development Impact
on Fertilizer Market
» Natural gas is a feedstock for ammonia production
» Lower gas prices directly benefit American farmers
§ Increased demand for corn, soybeans has driven fertilizer costs higher
§ Excess natural gas supply can be utilized to produce greater volumes of
nitrogen-based fertilizer more economically
» Cheap U.S. natural gas means billions in investment for
new domestic fertilizer plants, displacing ~11 MM m/t of
imports
§ Orascom/Iowa Fertilizer Company - Wever, IA
§ CHS - Spiritwood, ND
§ Ohio Valley Resources - Spencer County, IN
§ Yara - Belle Plaine, SK Canada
§ North Dakota Grain Growers Association - Williston Basin, ND
§ CF Industries – expansions at Donaldsonville, LA and Port Neal, IA
§ PotashCorp - resumption of ammonia production at Geismar, LA
§ Agrium – KY or MO (anticipated)
» If new plant construction/expansions are completed,
imports of nitrogen-based fertilizers could be reduced from
~50% to “near zero” by 2018 22
23. Looking Ahead: Natural Gas
» Oversupply conditions expected to persist through 2015
§ Over 1,000 wells currently capped in the Marcellus
» Factors that could revive demand, production, and
prices (>$5/MMbtu)
§ Industrial use expansions come online over next 5 years
§ Continued toughening of EPA regulations of coal
§ Historic import/export reversal of US/Canada natural gas flows by 2014
(Marcellus gas exports to Canada)
§ Technology advancements for increased use of CNG as a
transportation fuel
23
24. LNG Export Opportunity
» Political/policy battle between domestic
industrial users and producers
» Sabine Pass, LA and Freeport, TX now
permitted for exports; more terminals in
application phase
§ 3.4 Bcf/day export capacity to come online by
2015
§ Represents ~5% of projected US dry gas
production
» 20 additional terminal applications
totaling 29 Bcf/day of export capacity
pending before FERC
» Expect only moderate volumes of LNG
exports to be approved
§ Avoids exposure of natural gas to similar market
forces that have affected oil
§ Useful foreign policy instrument for Executive
Branch
24
Source: Waterborne Energy Inc. Data in $US/MMBtu
Photo: Wall Street Journal
25. Shale Development NGL Impacts
» Leading NGL and “wet gas” plays are Eagle
Ford, Utica, Permian
§ Significant investment and expansion of gathering,
fractionation, and takeaway capacity underway in the Utica
Play
§ Takeaway capacity in Eagle Ford well exceeds current
production (4x)
» Requires fractionation facilities proximal to
production
§ “Y-grade” must be separated into purified products
§ 75% of fractionation capacity in US Gulf Coast
§ Mt. Belvieu, TX major trading & storage hub
§ 500 Mb/d of new fractionation capacity planned for Utica
§ Utica NGL production growth expected to exceed 600%
between 2013-2015
» Similar to dry gas, strong production due to
fracking has resulted in oversupply and
depressed prices
§ Chemical industry benefits
25
26. Shale Development Impact:
Chemical Industry
» Abundant ethane supplies have sparked chemical industry
renaissance
§ Ethane is “cracked” to make ethylene, the most basic building block in the
chemicals supply chain
§ Over $95B in new announced petrochemical expansions will come on-line
over the next five years, increasing ethylene capacity by 33% (11 MMmt)
§ USA is now the low-cost producer of ethylene-based chemicals due to
abundant supplies of ethane from shale plays (up to 60% raw materials cost
advantage)
§ Domestic end-use of materials, i.e. plastics, will expand significantly
§ Up to 40% of new petrochemical output will be for export
§ New demand for plastic resin hoppers, specialty and pressure tank cars
26
0
500
1000
1500
2000
2500
Asia US
Historical
Saudi US
Recent
$/Ton
HDPE Calculated Cost
Sources: CMAI, TopLine Analytics, and
Alembic analysis, 2012
Source: EIA
27. Natural Gas & Petrochemical
Downstream Products
Feedstock/
Intermediary
Finished
Products
Natural Gas,
OIl
Ethane,
Naphtha, etc.
Ethylene
Miscellaneous
Vinyl Acetate
Linear
Alcohols
Ethyl
Benzene
Ethylene
Oxide
Ethylene
Dichloride
High Density
Polyethylene
Low-Density
Polyethylene
Adhesives, coatings, textile/
paper. finishing, flooring
Detergents
Styrene
Ethylene
Glycol
Vinyl Chloride
House wares, crates,
drums, food containers,
bottles.
Food packaging, film,
trash bags, diapers, toys
PVC
Antifreeze
Fibers
PET
Miscellaneous
Polystyrene
SAN
SBR
Latex
Miscellaneous
Medical gloves,
carpeting,
coatings
Tire, hose
Instrument lenses,
house wares
Insulation, cups
Siding, windows,
frames, pipe, medical
tubing
Pantyhose,
carpets, clothing
Bottles, film
27
28. Looking Ahead: NGLs
28
Source: Canadian Energy Research Institute
Source: Sunoco Logistics
» The (somewhat) hidden Condensate story
§ Used as diluent for heavy Canadian tar sands oil – critical for
transportation as “Dilbit”
§ Trades at ~$104/bbl at Edmonton
§ Significant investment in infrastructure being made to deliver
Eagle Ford, Utica condensate to Western Canada
§ Primary delivery via pipeline, but major rail volumes ex. Utica
are required to get to Midwest pipeline injection points
§ Additional stressor on tight tank car supplies
§ Demand expected to grow from 200 Mb/d to 500 Mb/d by 2020
» Expect export market for NGLs to expand
§ Pipeline reversals undertaken to meet demand, particularly ex.
Utica to Sarnia, ON petrochemical complex and export storage
and dock facilities in Philadelphia
29. Shale Development
Crude Oil Impacts
» Dramatic increases in US production due to fracking
§ 7.2 MM bbl/day
§ Projected to grow by ~30% over next four years
§ Strong play in Bakken; surging Permian and Eagle Ford development
§ “Tight” oil sources driving overall North American growth
§ Production forecasts frequently revised upward
29Source: Morgan Stanley, February 2013Source: Morgan Stanley, February 2013
30. Driving Toward “Oil Independence?”
» Decreasing dependency on foreign crude
§ Combination of US shale plus Canadian oil sands estimated to reduce
imports to <15% by 2020
§ West African imports already down ~70% from 2010 levels
» However, supply isn’t enough – “independence” also
relies on lower domestic fuels consumption
§ CAFE standards the primary driver
» Reducing imports means reducing waterborne crudes
§ Mid-continent sources displacing imports at coasts, making rail critical to
the total crude market
§ Bakken as case study for large crude by rail operations
30Source: BENTEK Energy
31. Bakken Oil Production and Logistics
31
North Dakota Crude Oil Production
First outbound unit
train shipment
December, 2009
~779,000 BPD February 2013
Source: EIA, PLG
» 2010-2011 discount of ~$8-12/bbl for Bakken
crude vs. peer WTI
§ Undervalued due to logistics constraints “stranding” the oil
» Early objective of crude-by-rail was to bridge
gap until pipelines built, but has now become
the primary transport mode for Bakken crude
§ ~70% rail market share
§ Pipelines operating below capacity; some project
cancelations
» Significant development of crude by rail
loading terminals in 2011-2012
§ Takeaway capacity now exceeds production
§ Bakken vs. WTI differential near even (within ~$5)
Source: North Dakota Pipeline Authority, PLG Analysis
32. Crude Oil by Rail – North
Dakota Terminals
Source: North Dakota Pipeline Authority (April 2013), PLG Analysis
North Dakota Crude Oil Rail Loading Capacity (Barrels Per Day)
Rail Terminals 2013 2014* 2015* Rail Carrier
EOG Rail, Stanley, ND (Up to 90,000 BOPD) 65,000 65,000 65,000 BNSF
Inergy COLT Hub, Epping, ND (Q2 2012) 120,000 120,000 120,000 BNSF
Hess Rail, Tioga, ND (Up to 120,000 BOPD) 60,000 60,000 60,000 BNSF
Bakken Oil Express, Dickinson, ND 100,000 100,000 100,000 BNSF
Savage Services, Trenton, ND (Q2 2012 Unit Trains) 90,000 90,000 90,000 BNSF
Enbridge, Berthold, ND (Q4 2012) 80,000 80,000 80,000 BNSF
Great Northern Midstream, Fryburg, ND (Q1 2013) 60,000 60,000 60,000 BNSF
Musket, Dore, ND (Q2 2012) 60,000 60,000 60,000 BNSF
Plains, Ross, ND 65,000 65,000 65,000 BNSF
Global/Basin Transload, Zap, ND (Estimate Not Confirmed) 40,000 40,000 40,000 BNSF
Plains All American, Manitou, ND 65,000 65,000 65,000 BNSF
BNSF Total Capacity 805,000 805,000 805,000
Plains - Van Hook, New Town, ND 65,000 65,000 65,000 CP
Dakota Plains, New Town, ND 30,000 80,000 80,000 CP
Global Partners, Stampede, ND 60,000 60,000 60,000 CP
CP Total 155,000 205,000 205,000
Various Sites in Minot, Dore, Donnybrook, Gascoyne, and Stampede 30,000 30,000 30,000
Total Crude Oil Rail Loading Capacity 990,000 1,040,000 1,040,000
*Project still in the review or proposed phase Year End System Capacity
32
33. North Dakota Class I Railroads
and Crude Oil Terminals
33
Map by PLG Consulting
34. 34
All Crude Handled by Railroad
Volume Growth
STCC 13111 Source: US Rail Desktop
35. 35
Bakken Area
Outbound Pipelines
35
35
North Dakota Crude Oil Pipeline Capacity (Barrels Per Day)
Pipelines 2013 2014* 2015*
Butte Pipeline 160,000 160,000 160,000
Butte Loop* (Late 2014) - 110,000 110,000
Enbridge Mainline North Dakota 210,000 210,000 210,000
Enbridge Bakken Expansion Program (Q1-11/Q1-13) 145,000 145,000 145,000
Plains Bakken North (Q2 2013, Up to 75,000 BOPD) 50,000 50,000 50,000
High Prairie Pipeline* - 150,000 150,000
Enbridge Sandpiper* (Q1 2016) - - -
TransCanada Keystone XL* (2015) - - 100,000
TransCanada Bakken Marketlink * (4Q 2015) - - 100,000
Hiland Partners Double H Pipeline (Q3 2014, Up to 100,000 BOPD) 50,000 50,000
Pipeline Total 565,000 875,000 1,075,000
*Project Still in the Review or Proposed Phase Year End System Capacity
Source: North Dakota Pipeline Authority (April 2013)
36. Bakken Production vs. Total Takeaway
Capacity: 2013–2015 Projection
Year ND Production
Forecast (Bpd)
Pipeline
Capacity
Rail Terminal
Capacity
Rail Carrier
Capacity
ND Refinery
Consumption
Total
Outbound &
Refinery
Capacity
Excess Logistics
Capacity
2013 850,000 565,000 990,000 1,300,000 68,000 1,623,000 773,000
2014 980,000 875,000 1,040,000 1,300,000 68,000 1,983,000 1,003,000
2015 1,150,000 1,075,000 1,040,000 1,350,000 90,000 2,205,000 1,055,000
Source: North Dakota Pipeline Authority, PLG AnalysisBpd = Barrels per Day
37. Crude Oil Pipelines – Existing
and Planned
37
Source: CAPP Report, 2012
» Current pipelines ex. Bakken
operating below capacity
» Fixed routes and long lead times are
challenged by new dynamic NA oil
market
§ 10 year commitments required for new build
pipeline projects
» Pegasus spill raising new concerns
about Keystone XL
§ Special challenges of Dilbit
§ Pegasus the only pipeline currently handling
Canadian oil sands bitumen to US Gulf Coast
» Several natural gas pipeline
conversions planned
§ Trunkline (ETP) – Patoka, IL-St. James, LA
§ Freedom (KM) – Permian Basin-Southern
California
§ Energy East (TransCanada) – Hardisty, AB-St.
Johns, NB
38. Crude Oil by Rail vs. Pipeline
$6.50
$12.00
$10.50
$15.00
$-‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
Pipeline to
Cushing
Rail to
Cushing
Pipeline to Pt
Arthur
Rail to Pt
Arthur
DollarsPerBarrel
Source: PLG analysis 38
» Rail cost: 50-100% more expensive than
pipeline transport
» Near-term offsetting rail advantages:
§ Site permitting, construction much faster
§ Lower capital cost
§ Scalable
§ Shorter contracts (2-3 year commitments vs. 10 years
for pipeline)
§ Faster transit times
§ Access to coastal areas not connected via pipeline
§ Origin/destination flexibility
§ Primary advantage: Tool of arbitrage for trading desks
» Rail pricing drivers
§ Advantaged rate structures for first-movers, volume,
and unit train operators
§ “Floor” has been set for crude by rail pricing
§ Crude price differentials more important than cost vs.
pipeline
Cost Comparison: Bakken to Cushing and USGC
39. 39
Shale Development Impact on
Crude Oil Market Dynamics
» Price differentials driving trading and logistics
patterns
§ Bakken and WTI trading at ~$10-$15/bbl less than Brent; Alberta
Bitumen trading at ~$30/bbl less than Brent
§ E&P, midstream players willing to rapidly deploy significant
capital to enable access
– Multi-modal logistics hubs in shale plays
– New multi-modal terminals/trading hubs at destination markets (i.e.
Cushing, OK, St. James, LA, Pt. Arthur, TX, Albany, NY, Bakersfield,
CA)
– Lease and purchase of railcar fleets
– Pipeline expansions, reversals, new construction
§ Refineries installing unit train receiving capability - particularly
coastal refineries previously captive to waterborne imports (i.e.
Philadelphia, PA, St. John, NB, Anacortes, WA, Ferndale, WA)
§ Constantly changing trading and logistics patterns for light/sweet
mid continent crudes
– Original crude-by-rail primary destination of Cushing now being
bypassed
– Crude by rail now supplying ~20% of east coast refining demand
– 200 M/bpd or 40% of Bakken crudes via rail are being delivered to St.
James, LA
39
Source: Petromatrix
40. 40
Logistics Challenges of Light/
Sweet vs. Heavy/Sour Crudes
» Not all crudes are created equal – light/sweet vs. heavy/sour
§ Brent, WTI, and US shale play crudes (Bakken, Permian, Niobrara, Permian) are light/sweet
§ Heavy/sour crudes include Western Canada, Venezuela, Mexico, Alaska North Slope (ANS),
Middle East (light/sour)
§ Light/sweet requires less downstream processing
§ Heavy/sour has higher sulfur content
§ Bakken has higher gas, jet, and distillate yield than peer crudes
» Refineries are generally configured to run certain types of crude
§ Significant investments made ($48B since 2005) at select refineries to install coker units that will
allow processing of heavy/sour
§ Major heavy/sour refining clusters: Corpus Christi, Houston, Chicago, southern Illinois, Ohio,
California
§ US is close to saturation point on light/sweet crude at mid-continent and USGC refining areas
» The special case of the Canada Oil Sands
§ Heavy/sour crude has a natural home in Midwest and US Gulf Coast (~2.8 MM bpd demand at
USGC)
§ Pipeline capacity to US Midwest refining centers is at capacity
§ Pipeline developments to coasts, US markets still 2+ years away, while tank car supply constrains
rail options
§ Option to ship dilbit in GP oil-spec tank cars, OR undiluted bitumen in coiled, insulated cars
§ Canadian bitumen trading at ~$30 discount vs. Mexican Maya
§ Estimated transport cost via rail $22-30/bbl; $14-16/bbl via pipeline
40
41. 41
Looking Ahead: North
American Crude Oil
» The gusher of new US light/sweet shale oil production made
possible by fracking has upended the traditional oil logistics and
trading patterns
§ Result: “Wrong place/wrong oil” supply displacements, i.e. Cushing overflow
§ Rapid investment in new logistics infrastructure, routes, modes, and terminals
– Bakken now sufficiently developed; next immediate areas for significant investment are Utica, Oil
Sands, Permian, coastal areas and intermediate routes and facilities that support bitumen transport
in particular
» The biggest current bottleneck: Railcars
§ Current order backlog runs to early 2015
§ Major purchases by oil majors and midstream companies
§ Extremely tight market with very high lease rates
§ Current crude by rail fleet ~30,000 railcars, or 1-1.5 MM bbl/day equivalent
» A “new normal” in crude oil flows will emerge in conjunction with
continued North American oil production over the next five years
§ Continued shifts of mid-continent light/sweet to coastal destinations
§ New modes and infrastructure to get Canadian bitumen to USGC, with or without
Keystone XL
§ Permian, Eagle Ford to meet USGC light/sweet demand; Bakken flows primarily east-
west
§ Eventual government approval of crude oil exports on a limited basis, similar to LNG
§ Primary risk to crude-by-rail business: WTI-Brent spread 41
Key
Drivers
Destination
Markets
Oil
Price
Logistics
Capital
Source: CME and Morningstar
43. Thank You!
For follow up questions and information, please contact:
Taylor Robinson, President
+1-508-982-1319 / trobinson@prologisticsgroup.com
Graham Brisben, CEO
+1-708-386-0700 / gbrisben@prologisticsgroup.com
Jean Arndt, Vice President
+1-630-505-0273 / jarndt@prologisticsgroup.com
Jeff Dowdell, Senior Consultant
+1-732-995-6696 / jdowdell@prologisticsgroup.com
Gordon Heisler, Senior Consultant
+1-215-620-4247 / gheisler@prologisticsgroup.com
Jeff Rasmussen, Senior Consultant
+1-317-379-5715 / jrasmussen@prologisticsgroup.com
Jay Olberding, Analyst
+1-636-399-5628 / jolberding@prologisticsgroup.com
This presentation is available at:
WWW.PLGCONSULTING.COM
Professional Logistics Group
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