Transcript Totem Gas Storage Project - Wyoming Pipeline Authority

Totem Gas Storage
Project
Wyoming Pipeline Authority
March 23, 2004
Highlights
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Located 36 Miles NE of Downtown Denver
9 Bcf of Working Gas
135 Mmcfd Injection Capacity
250 Mmcfd Withdrawal Capacity
CIG Interconnect Signed
Additional Interconnects Anticipated
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Public Service Company of Colorado (Xcel)
Cheyenne Plains Pipeline
Kinder Morgan’s Advantage Pipeline
Southern Star’s Western Frontier Pipeline
Highlights (cont’d)
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High Operating Flexibility
One Hour Injection and Withdrawal Turnaround
Capability
No Seasonal Restrictions on Injection or
Withdrawal
Inject or Withdraw, or Both, on Any Day of the
Year
Totem Gas Storage
Regional Pipelines
Powder River
Basin
Wind
River
To Pacific NW
To Midw est
Opal
Hub
Salt
Lake
To
California
Cheyenne
Hub
Denver
To
Midcontinent
Colo
Springs
To
Midcontinent
SCHEMATIC OF PIPELINES AROUND TOTEM
Medicine Bow Lateral
Cheyenne
Trailblazer
WIC
Kinder Morgan
CIG
New Line 5C
Line 5B
Calpine Pow er Plant
Line 5A
Tristate Pow er Plant
Young/ Ft. Morgan
Line 52A
Line 52B
PSCO Front Range
Totem
Cheyenne Plains
Watkins Compressors
Blue Spruce Plant
Valley Line Loop
Nixon Pow er Plant
Colorado Springs
New Line 5C is a 1440 psig line and will operate independently of 5A and 5B.
Lines 52A and 52B for which Totem already has an interconnect agreement, have a combined
capacity of 900 MMcfd and operate at less than 50% capacity.
This capacity does not include the effect of adding an interconnect to Cheyenne
Plains Pipeline.
Interconnects with the Cheyenne Plains Project via CIG and a direct interconnect with PSCO
are very real alternatives that should be taken into consideration when considering
capacity in Totem.
Permits and Leasing
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All Approvals, Certificates and Permits in Place
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Colorado Oil & Gas Commission
Colorado Public Utilities Commission – CPCN
Colorado DPHE Air Emission Permits
Adams County Conditional Use Permits
All Required Leases and ROW’s Have Been
Obtained
Reservoir Modeling
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Extensive Modeling of the Reservoir Has Been
Performed by John Wells of Wells Chappell and
Company, Houston
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History Matching & Volumetric Balancing
Base and Expected Cases
Various Service Profiles
High Degree of Confidence in Reservoir Integrity and
Performance
Design Performance Profile
Engineering & Cost
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Detailed Engineering Design and Cost Estimate
Performed in Fall, 2001 and Updated in 2002
Estimated Facility Cost Inclusive of Base Gas is
$57.3 million
Base Gas Assumption – 4.5 bcf @ $4.00
Any Base Gas Savings Will Be Passed Along to
Customers
Timetable
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All of the Pre-Development Leg Work is
Complete
6-8 Months of Additional Development Activities
Followed by 12 Months of Construction
Begin Injecting Base Gas in Summer, 2005
Possible Base Gas Injection Still in 2004
Fully Operational For Winter 2005/2006
Services
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Traditional Seasonal Single-Cycle
Hybrid 2.5 Cycles Per Year
HDMC 4 Cycles Per Year
Tentative Rates
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Traditional Single Cycle
 $0.97 per Dth per Year – Totem Provides Base Gas
 $0.75 per Dth per Year – Shipper Provides Base Gas
Hybrid Multi Cycle
 $1.15 per Dth per Year – Totem Provides Base Gas
 $0.83 per Dth per Year – Shipper Provides Base Gas
HDMC
 $1.85 per Dth per Year – Totem Provides Base Gas
 $1.33 per Dth per Year – Shipper Provides Base Gas
Open Season
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Binding Open Season Was Concluded in
September, 2003
Negotiations Continue With Successful Bidders
for 100% of Capacity
For Further Information
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J. B. Condill
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(303) 680-4725
[email protected]