6th Annual

Midstream Development & Management

Meeting the Challenges of New Market Realities
May 9-10, 2013 * The Westin Oaks Houston at the Galleria * Houston, Texas

Day One Thursday, May 9, 2013 7:15 Conference Registration and Networking Breakfast 8:15 Chair's Welcome and Opening Remarks Mike Smith, Senior Vice President, Unregulated NGL Business, Enterprise Products Partners L.P. Supply Outlook and Infrastructure Requirements Crude, Natural Gas, and NGLs 8:30 Producer Perspectives on the Supply Environment Representative Plays Williston Basin This is one of the largest and most attractive development plays in the United States today. As development continues, oil production is continuing to increase rapidly. Williston Basin production -- Nearing 1 million b/d Rig count has dropped, but production continues to climb Oilfield services have caught up with demand Oil transportation capability continues to grow, keeping pace Rail transportation has grown exponentially, opening up new markets Rick Ross, Vice President of Operations, Whiting Petroleum Corporation Marcellus How market conditions relate to producers businesses -- Effect on plans Shale economics Horizontal drilling

 Rodney L.

Imbalance of supply/demand Changing markets for gas/NGLs Future forecasts Opportunities for growth, impediments Linking supply with infrastructure changes Waller, Senior Vice President, Range Resources Corporation

9:30 Networking & Refreshment Break [Panel Discussion] 10:00 Midstream Infrastructure -- Requirements, Progress, and Challenges State of gathering, processing, and fractionation development for major plays: o Marcellus/Utica o Bakken and Niobrara o Eagle Ford and Permian E&P requirements Billions of dollars investment per year needed Staying ahead of production development NGL market, storage, and takeaway What is needed? Midstream capital spending What does it take to play? Being prepared for sustained growth J. Mike Stice, Chief Executive Officer, Access Midstream Partners L.P. Jack M. Lafield, Chairman & CEO, Caiman Energy II, LLC Kevin Williams, Senior Vice President, North Business Unit, DCP Midstream LLC Markets and Prices for Natural Gas, NGLs, Crude, and Condensate Status and Expectations 11:30 Crude Markets and Prices Light, sweet crude from the Bakken and other plays o not all can be absorbed in the Gulf; refineries not configured for it o what markets are there? o export options Brent vs. WTI prices Current status and outlook Disparity between liquids and crude prices Market influences Ken Bradley, Executive Director, Global Commodities, J.P. Morgan 12:00 Condensate Outlook Will Shale Turn Premiums into Discounts? Up until this point, shale growth has negatively impacted pricing for gas and NGLs, but oil and oil-linked product pricing have remained relatively resilient. Could condensate be the first oily hydrocarbon to suffer pricing discounts as a result of shale-driven oversupply?

 How much supply growth will come out of US shale plays? What are the main sources of incremental demand? How could the US create new demand for condensate? Will the petrochemical market play a role in reducing oversupply? Bradley Olsen, Director, Midstream Research, Tudor Pickering Holt & Co. 12:30 Networking Luncheon 1:45 Outlook for Natural Gas Prices Short, intermediate, and long-term view Equilibrium pricing and the pendulum Market, market everywhere but none there to drink (today) Jeff W. Welch, Senior Vice President/Head of North America Gas, EDF Trading North America, LLC 2:15 Coal to Gas Conversion -- Entering the Goldilocks Era for Electricity Demand Growth Impact of merchant power plant development of the previous decade on US ability to take advantage of its shale resource base Percentage of natural gas-fired plants currently in the generating fleet Why gas-fired plants will continue to displace coal plants over the next decade Effect of the current price environment on operating combined-cycle plants Impact of regional dispatch and natural gas prices on gas demand Key trends that influence electric power demand for natural gas -- Economic fuel-switching; impact of strict environmental policies. Teri Viswanath, Director Commodity Research, BNP Paribas 2:45 Gas/LNG as an Alternative Fuel NGV market -- Use in fleets; status of gas stations being built Use in drilling Marine use Conversions from diesel to date; status of bunker development Dave Schultz, Vice President, Fuels, Pivotal LNG, Inc./AGL Resources 3:15 LNG Export Ability to compete in the global LNG market o landed costs -- liquefaction, transport, regasification Effect on the US market Impact on the international market Kenneth B. Medlock III, Ph.D., Baker Fellow in Energy and Resource Economics and Senior Director, Center for Energy Studies, James A. Baker Institute for Public Policy, and Adjunct Professor, Rice University

3:45 Networking & Refreshment Break 4:15 Ethane Markets and Price Outlook -- Product Long; Market Short Impact of ethane rejection Timing/progress of petrochemical expansions/plant development What to do while waiting for crackers to come on line Ability to export ethane o policy analysis o where is it needed? o can it be exported? Regional differentials Regional market clearing Peter A. Fasullo, Principal & Founder, EnVantage, Inc.

4:45 Propane Markets and Price Outlook US propane supply drivers Regional supply/demand analysis and flow patterns Propane demand and Mt. Belvieu pricing Why propane must be exported and project updates Timing of development of propane dehydration plants Anthony Scott, Manager, Oil & Consulting Services, BENTEK Energy 5:15 Petrochemical Plant Development in North America Outlook for development and expansion of petrochemical plants in North America Greenfield projects or plants being expanded -- Feedstock they will use o ethane o propane o methane/natural gas Outlook/timeline for announced projects What goes into the decision to develop a plant? What is the cost and lead time? What are the biggest challenges facing these projects? Impact of the global demand for products on the decision to develop or expand Bernardo E. Fallas, Editor, Petrochemicals Americas, Platts 5:45-6:45 Wine & Cheese Networking Reception 6:45 Close of Day One

Day Two -- Friday, May 10, 2013 8:00 Networking Breakfast 8:45 Chair's Review of Day One Mike Smith, Senior Vice President, Unregulated NGL Business, Enterprise Products Partners L.P. Asset Acquisition, Export Development, and Risk Mitigation [Panel Discussion] 9:00 Midstream Acquisitions Drivers and Decisions Heightened activity in midstream acquisitions Why now? What is driving this trend? How companies look at acquisitions Why they make the acquisitions they do o Atlas acquires Cardinal Midstream Gathering, processing, treating, and NGL pipeline o NGL Energy Partners acquires Pecos Gathering & Marketing Crude oil purchasing and logistics Moderator: Glenn L. Pinkerton, Partner, Sidley Austin LLP Daniel C. Herz, Senior Vice President, Corporate Development, Atlas Energy Inc. David Kehoe, Executive Vice President & Chief Operating Officer, High Sierra Energy Patrick (Pat) Diamond, Vice President, Plains All American GP LLC 10:30 Networking & Refreshment Break [Case Study] 11:00 Enterprises Export Terminal Development Activity Operations begun at expanded export facility Increases propane, butane, and isobutene loading capability Impact of NGL infrastructure growth and development Further development plans Jerod Kotter, Senior Manager, Marketing & Supply, Enterprise Products Operating LLC 11:30 Risk Mitigation Strategies for Midstream -- When Supply Doesnt Equal Demand Current midstream environment o infrastructure limits

o impact of smaller producers vs. majors o truck/rail dynamics Methods to manage midstream risk o fee vs. market pricing options o infrastructure and export impacts o creative pricing options to drive growth Williams examples: o Bluegrass Pipeline o Gulf Coast NGL/Olefins Pipelines o Canada PDH What to expect in the future Kelly G. Knopp, Vice President & General Manager, Marketing, Williams NGL & Petchem Services 12:00 Close of Conference