NuStar Energy Investor Conference Presentation Deck
NuStar
The Permian Basin- the World's Largest, Most Resilient Shale Play-
is Also Rebounding, With Our System Growing Ahead of the Rest
of the Permian Basin
Because of its superior
geology and low breakeven
costs, the Permian Basin's
production:
Exited 2020 at 3.9
MMBPD, representing
approximately 52% of the
nation's total shale
output
Projected to exit 2021 at
4.9 MMBPD; higher than
both 2019 and 2020
Is expected to return to
stronger growth in 2022
Our system's throughput
volumes are now up 20%
above Covid low, while the
rest of the Permian is up 13%
from the Covid low
We now expect to exit 2021
at 500 MBPD
MMBPD
4
2
0
Cumulative Monthly Growth (%)
Permian Basin Production
Outlook
(Avg as of March 2021)
3.7
2019
280%
240%
200%
160%
120%
80%
40%
0%
Source: EIA Drilling Productivity Report (April 2021), Rystad, ESAT
3.9 4.0
May-17
2020
Sep-17
2021
Jan-18
4.4
May-18
Sep-18
•NS Growth
MMBP
Jan-19
10
2022
NuStar's System Throughput Growth & Recovery is
Outpacing the Permian Basin
∞
6
4
2
0
May-19
Permian Oil
Production
(2018-2025)
WTI @ $40
WTI @ $80
2018 2019 2020 2021 2022 2023 2024 2025
Sep-19
Jan-20
Permian Growth
May-20
WTI @ $60
244%
V
Sep-20
Jan-21
92%
Apr-21
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