Baird Investment Banking Pitch Book
AR KEY PERFORMANCE DRIVERS (CONT.)
Activity levels amidst a tepid commodity price environment
NATURAL GAS PRICES (Rolling 12-Month Strip)
(S/Mmbtu)
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
01/01/14 11/01/14 09/01/15 07/01/16
REPRESENTATIVE NGL PRICES
($/gallon)
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
Ethane
01/01/14
Source: Bloomberg and ELA.
11/01/14
Butane
руминны
Propane
05/01/17 03/02/18
Natural Gasoline
$2.87
$0.75
$0.71
$0.24
09/01/15 07/01/16 05/01/17 03/02/18
NATURAL GAS INVENTORY LEVELS
(Bc)
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
1
PROPANE INVENTORY LEVELS
(millions of barrels)
120
100
80
60
40
20
O
1
Confidential
BAIRD
2013-2017 Min / Max
2014
2015
2016
2017
2018
7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
2013-2017 Min / Max
2014
-2015
2016
2017
2018
7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
Project Bronco
Page 13.View entire presentation