NuStar Energy Investor Conference Presentation Deck
NuStar
Crude Supply/Export
The Permian Basin is Leading U.S. Shale Rebound, With Our
Permian System Continuing to Outperform
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
4.3 MMBPD; higher than
both 2019 and 2020
Is expected to return to
stronger growth in 2022
Our system's throughput
volumes are now up 35%
above Covid lows, while the
rest of the Permian is up 19%
from the Covid low
ā
We continue to expect to exit
2021 at 500 MBPD
Permian Basin Production
Outlook
MMBPD (Avg as of August 2021)
4
2
Cumulative Monthly Growth (%)
3.7 3.9 4.0
2019
280%
240%
200%
160%
120%
80%
40%
0%
Source: EIA Drilling Productivity Report (August 2021), Rystad, ESAI
2020
May-17
Aug-17
Nov-17
Feb-18
4.5
May-18
2022
Aug-18
Nov-18
MMBPD
Feb-19
10
5
2021
NuStar's System Throughput Growth & Recovery is
Outpacing the Permian Basin
O
May-19
Permian Oil Production
(2018-2025)
2018
Aug-19
WTI @ $40
WTI @ $80
2019
Nov-19
2020
Feb-20
Permian Growth
2021
May-20
2022
Aug-20
WTI @ $60
2023
Nov-20
Feb-21
2024
2025
286%
102%
May-21
Aug-21
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