24 slides.
Second slide (2): strategy includes pursuit of mergers and acquisitions. Think: the Berkshire Hathaway in the utility sector.
Slide 23: three focal data points
- the three pipelines that come on-line this summer/autumn (Paradox, Garden Creek, Black Hills)
- first rate case filed since 1999; rates increased
- proposed Dakota Pipeline
- Montana-Dakota Utilities
- Great Plains Natural Gas
- Intermountain Gas
- Cascade Natural Gas
CAPEX of $70 million in the Bakken in 2014Slide thirteen (13): forecast Bakken oil and Bakken natural gas (I'm not exactly sure why this is in the "regulated" presentation but I guess it puts things into perspective).
$77 million 88-MW gas turbine in Mandan (think $1 billion for 400 MW wind farm)
- $2.5 million/MW for wind
- $875,000/MW for gas
- Oil, current: about 175,000 bopd; base case, 1,750,000 bopd, high case scenario, 2,750 bopd by 2025
- Natural gas, current, about 280 mmcf/d; base case 2,700 mmcf/d; high case 3,900 mmcf/d by 2025
Slide 15: update on the Dakota Prairie Refinery, west of Dickinson
Slide 16: photograph of the Dakota Prairie Refinery, west of Dickinson
Slide 18: 2014 growth-related capital projects -- total CAPEX ~ $50 million; all three in service this summer; this autumn
- Paradox Pipeline
- Garden Creek Pipeline
- Black Hills Pipeline
- 375 miles
- $650 million
- 400 mmcf/day, scalable to 500 mmcf/day (about 8,000 boe/day?)
- the sweep of the pipeline might give folks an idea of where future natural gas processing plants will be located
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.