+ All Categories
Home > Documents > Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

Date post: 02-Mar-2016
Category:
Upload: eatberthasmussels
View: 71 times
Download: 0 times
Share this document with a friend
Description:
Presentation given by lobbyist Rick Berman at the Western Energy Alliance conference in Colorado, June 2014
46
 !"#$ &'()*+ ,('-'+.*."/+ 0&"1 2(''+ !*3"#*4-5 67,/-"+1 6+8"(/+)'+.*4 2(/9,-0 :'-.'( + 6+'(1; <44"*+#' <++9*4 =''."+1 >/4/(*3/ ?,("+1-@ >A B9+' CD@ CEFG !"#$% '($)$*#$+ ,- ./01 2$(34* 4*+ 5401 67,,4(+ "8 2$(34* 9": ;# /) 4 "*$ <"7( )="# "* #<$ 4>$*+4 ?/#< @ A B 4# #<$ $*+:::#<$ ($0"(+/*> )#4(#) 3"3$*#) /*#" #<$  '"?$('"/*# '($) $*#4#/"*::: "#$%&'($)*# +,-)&'. $/01 +234567 '8 92 :;53; 8<; 9/;= 62>5;/?2 @<AB/0 8@/6/86C 9=/0= /: 48:; /4@83;56; ;8 5; B25:; A2 59532 ;=5; /D E8< >8 8<; 56F E8< @8BBC ;=/: /: 9=5; E8< D/6FG '8 ;=5; 056 A2 F2@32::/6> 5; 862 B2?2BG +<; B2; 42 ;2BB E8< :842;=/6> F5;5 @28@B2 F86H; 8D;26 ;=/61 5A8<; /;G #=2 9=8B2 ;=283E =232 ;=5; ) 056H; >2; /6;8I A<; /;H: ;=2 F/DD232602 A2;9226 @28@B2 =5?/6> 5 @<AB/0 8@/6/86 56F @28@B2 451/6> 5 @<AB/0 J<F>426;I 9=26 @28@B2 0842 ;8 5 :8K05BB2F @<AB/0 J<F>426;G *<AB/0 8@/6/86 /:C L)H4 5 M248035;C 83C )H4 5 $2@<AB/056C 56F ) B/12 @28@B2 9=8 =5?2 5 HMH 83 H$H 5D;23 ;=2/3 6542:GL #=5;H: ;=2 @<AB/0 8@/6/86 5A8<; ;=2 M248035;: 83 ;=2 $2@<AB/056:G *<AB/0 J<F>426; /: 9=26 ;=2 @<AB/0 F20/F2: ;=5; ;=2E 956; ;8 ?8;2 D83 :842A8FE 83 68; ?8;2 D83 :842A8FE 2?26 5038:: @53;E B/62: A5:2F 86 :842 D50;:G N50;: 532 48:; /4@83;56;C 56F @<AB/0 J<F>426; >82: F22@23 ;=56 @<AB/0 8@/6/86G O=26 E8< 50=/2?2 @<AB/0 J<F>426; 5A8<; :842;=/6>C 2:@20/5BBE :842;=/6> ;=5; E8< 532 68; /6 D5?83 8D7 E8<H32 9/BB/6> ;8 ;5P /;C E8<H32 9/BB/6> ;8 A56 /;C E8<H32 9/BB/6> ;8 @<; 9536/6>: 86 :842;=/6>G #=5;H: 9=26 E8< >2; @<AB/0 J<F>426;C 56F ;=2 @8B/;/05B @3802:: 986H; >8 ;=5; D53 <6;/B ;=232 /: @<AB/0 J<F>426; 5A8<; :842;=/6>G &89 5>5/6C ;=232 /: 5 9=8B2 :0=88B 8D ;=8<>=; =232 ;=5; ) F86H; 956; ;8 >2; /6;8G +<; 9=5; 92 622F ;8 F8 /: 8A?/8<:BE A2 26>5>2F /6 @<AB/0 J<F>426; A205<:2 92 056H; F8 56E;=/6> 5A8<; ;=2 @<AB/0 8@/6/86C 023;5/6BE 68; /6 ;=2 :=83; ;234G Q5EA2 62?23G +<; @<AB/0 J<F>426; 056 A2 86 8<3 :/F2G &89C ;=/: /: 56 5;;24@; 5; @<AB/0 8@/6/86C ;=/: /: 9=26 RA545(532 95: >8/6> ;=38<>= ;=2 B2>/:B5;/?2 @3802::G %6F :8 92 @<; ;=/: 5F /6 ;=2 &29 S831 #/42:C 56F A5:/05BBE :5/FC LT2EC E8< 8<>=; ;8 A2 08602362F 5A8<; ;=2 =25B;= 0532 A/BBGL +<;C 92 F/F6H; 325BBE :5E L9=ELG %BB 92 :5/F /:C L:26/83: 4/>=; =5?2 ;8 @5E 4832 4862ELC 83 LE8<3 @324/<4: 4/>=; >8 <@LC A<; ;=232 95:6H; 56E D50; =232G '8 ;=/: /: 56 5;;24@; 5; 0325;/6> @<AB/0 8@/6/86 5A8<; :842;=/6>G U/6F 8D :8D; ;8@KB/62G
Transcript
Page 1: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 1/45

!"#$ &'()*+ ,('-'+.*."/+

0&"1 2(''+ !*3"#*4-5 67,/-"+1 6+8"(/+)'+.*4 2(/9,-0 :'-.'(+ 6+'(1; <44"*+#'

<++9*4 =''."+1

>/4/(*3/ ?,("+1-@ >A B9+' CD@ CEFG

!"#$% '($)$*#$+ ,- ./01 2$(34* 4*+ 5401 67,,4(+ "8 2$(34* 9": ;# /) 4 "*$ <"7( )="#

"* #<$ 4>$*+4 ?/#< @ A B 4# #<$ $*+:::#<$ ($0"(+/*> )#4(#) 3"3$*#) /*#" #<$

 '"?$('"/*# '($)$*#4#/"*:::

"#$%&'($)*# +,-)&'.

$/01 +234567 '8 92 :;53; 8<; 9/;= 62>5;/?2 @<AB/0 8@/6/86C 9=/0= /: 48:; /4@83;56;;8 5; B25:; A2 59532 ;=5; /D E8< >8 8<; 56F E8< @8BBC ;=/: /: 9=5; E8< D/6FG '8 ;=5; 056

A2 F2@32::/6> 5; 862 B2?2BG +<; B2; 42 ;2BB E8< :842;=/6> F5;5 @28@B2 F86H; 8D;26;=/61 5A8<; /;G #=2 9=8B2 ;=283E =232 ;=5; ) 056H; >2; /6;8I A<; /;H: ;=2 F/DD232602A2;9226 @28@B2 =5?/6> 5 @<AB/0 8@/6/86 56F @28@B2 451/6> 5 @<AB/0 J<F>426;I9=26 @28@B2 0842 ;8 5 :8K05BB2F @<AB/0 J<F>426;G

*<AB/0 8@/6/86 /:C L)H4 5 M248035;C 83C )H4 5 $2@<AB/056C 56F ) B/12 @28@B2 9=8 =5?2 5HMH 83 H$H 5D;23 ;=2/3 6542:GL #=5;H: ;=2 @<AB/0 8@/6/86 5A8<; ;=2 M248035;: 83 ;=2$2@<AB/056:G

*<AB/0 J<F>426; /: 9=26 ;=2 @<AB/0 F20/F2: ;=5; ;=2E 956; ;8 ?8;2 D83 :842A8FE 8368; ?8;2 D83 :842A8FE 2?26 5038:: @53;E B/62: A5:2F 86 :842 D50;:G N50;: 532 48:;

/4@83;56;C 56F @<AB/0 J<F>426; >82: F22@23 ;=56 @<AB/0 8@/6/86G O=26 E8< 50=/2?2@<AB/0 J<F>426; 5A8<; :842;=/6>C 2:@20/5BBE :842;=/6> ;=5; E8< 532 68; /6 D5?83 8D7E8<H32 9/BB/6> ;8 ;5P /;C E8<H32 9/BB/6> ;8 A56 /;C E8<H32 9/BB/6> ;8 @<; 9536/6>: 86:842;=/6>G #=5;H: 9=26 E8< >2; @<AB/0 J<F>426;C 56F ;=2 @8B/;/05B @3802:: 986H; >8;=5; D53 <6;/B ;=232 /: @<AB/0 J<F>426; 5A8<; :842;=/6>G

&89 5>5/6C ;=232 /: 5 9=8B2 :0=88B 8D ;=8<>=; =232 ;=5; ) F86H; 956; ;8 >2; /6;8G +<;9=5; 92 622F ;8 F8 /: 8A?/8<:BE A2 26>5>2F /6 @<AB/0 J<F>426; A205<:2 92 056H; F856E;=/6> 5A8<; ;=2 @<AB/0 8@/6/86C 023;5/6BE 68; /6 ;=2 :=83; ;234G Q5EA2 62?23G

+<; @<AB/0 J<F>426; 056 A2 86 8<3 :/F2G &89C ;=/: /: 56 5;;24@; 5; @<AB/0 8@/6/86C

;=/: /: 9=26 RA545(532 95: >8/6> ;=38<>= ;=2 B2>/:B5;/?2 @3802::G %6F :8 92 @<;;=/: 5F /6 ;=2 &29 S831 #/42:C 56F A5:/05BBE :5/FC LT2EC E8< 8<>=; ;8 A2 08602362F5A8<; ;=2 =25B;= 0532 A/BBGL +<;C 92 F/F6H; 325BBE :5E L9=ELG %BB 92 :5/F /:C L:26/83:4/>=; =5?2 ;8 @5E 4832 4862ELC 83 LE8<3 @324/<4: 4/>=; >8 <@LC A<; ;=232 95:6H;56E D50; =232G '8 ;=/: /: 56 5;;24@; 5; 0325;/6> @<AB/0 8@/6/86 5A8<; :842;=/6>G U/6F8D :8D; ;8@KB/62G

Page 2: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 2/45

O=26 E8< 956; ;8 >2; /6;8 @<AB/0 J<F>426;C E8< 056H; A2 86 ;=2 F2D26:/?2G +205<:2C9=26 E8<H32 86 F2D26:2 E8< 532 5B95E: 56:923/6> :842A8FE 2B:2H: V<2:;/86G S8<=5?2 ;8 A2 86 8DD26:2G )D E8< 956; ;8 >2; @<AB/0 J<F>426; 86 E8<3 :/F2 E8< =5?2 ;8:;53; ;=2 086?23:5;/86G *28@B2 :842;/42: 5:1 42C LO2BB =89 F8 ) 1689 /D )H4 868DD26:2 83 F2D26:2WL %6F ) :5EC LO2BB E8<H32 86 F2D26:2 /D E8<H32 32:@86F/6> ;8

:842A8FE 2B:2GL

)D E8<H32 86 8DD26:2C ;=232 532 >38<@: 8<; ;=232 56F ) F86H; 622F ;8 6542 6542: 839=5; =5?2 E8<C 92BB E25= 92HBB ;512 ;=2 B5A83 <6/86: D83 2P54@B2G ) 54 92BB 16896D83 >8/6> 5D;23 ;=2 B5A83 <6/86: D83 5 ;=8<:56F F/DD2326; 325:86:G %6F @28@B2 :5ECLO2BBC 9=5;H: E8<3 8DD26:2WL ) :5EC L) >2; <@ 2?23E 4836/6> 56F ) ;3E 56F D/><32 8<;=89 ;8 :0329 9/;= ;=2 B5A83 <6/86:G #=5;H: 4E 8DD26:2GL X)65<F/AB2GY )H4 J<:; D/><3/6>8<; =89 54 ) >8/6> ;8 32F<02 ;=2/3 A356FG T89 54 ) >8/6> ;8 ;512 ;=2/3 A356FC 56F2?23EA8FE =5: 5 A356FC ;=5;H: ;=5; @<AB/0 8@/6/86 A356FG

'8C ;=232 532 Z A5:/0 95E:G ) 9/BB ;2BB E8< ;=/:G #=/: /: ;=2 6/0=2 A<:/62:: ;=5; ) 54 /6G

);H: 5 ?23E /4@83;56; 6/0=2C A<; /;H: ;=2 6/0=2 A<:/62:: ;=5; 92H32 32;5/62F ;8 F8G

) ;2BB E8<C 9=26 )H4 86 8DD26:2C )H4 >8/6> ;8 32D3542 ;=2 /::<2G )H4 68; >8/6> ;8 5BB89;=2 086?23:5;/86 ;8 A2 A5:2F <@86 86 =89 :842A8FE 2B:2 =5: D3542F ;=2 /::<2G+205<:2 ;=26 )H4 >8665 A2 86 F2D26:2G )HBB A2 53></6> 8?23 9=5; ;=2E :5/FG

$2@8:/;/86/6> ;=2 8@@8:/;/86 :<>>2:;: ;2BB/6> @28@B2C LR=C E8< ;=/61 ;=5; ;=/: >38<@/: 5 >38<@ ;=5; F82: [C 92BBC B2; 42 ;2BB E8<C 9=5; ;=2E 532 325BBE F8/6> /: SG ) F86H;0532 9=5; ;=2E ;2BB E8< ;=5; ;=2E 532 F8/6>C ;=2E 532 F8/6> :842;=/6> 2B:2GL

R62 8D ;=2 0B5::/0 05:2:C :842 8D E8< 45E =5?2 2?26 :226 ;=2 5F: ;=5; 92 F8G O2

32@32:26; 5 B8; 8D 5>3/0<B;<32 /6;232:;: 9=8 532 A2/6> 5;;5012F AE ;=2 T<4562'80/2;E 8D ;=2 \6/;2F ';5;2:G #=2 T<4562 '80/2;E 8D ;=2 \6/;2F ';5;2: /: 68;086620;2F ;8 E8<3 B805B @2; :=2B;23G #=2E 35/:2 4862E 9/;= ;=2:2 922@E 5F: 86;2B2?/:/86 :=89/6> F8>: 56F 05;: /6 035;2: 56F 05>2: 56F ;=2E >2; 5 B8; 8D 4862EG#=2E >2; ;=2/3 ]^ F8BB53: 5 486;=G +<;C ;=26 ;=2E <:2 ;=2 4862E ;8 5;;501 D534:C50;<5BBE D53423:C 9=8 35/:2 5BB :83;: 8D 56/45B: D83 D88FG +205<:2 ;=2 T<4562'80/2;E 8D ;=2 \6/;2F ';5;2:C /D E8< B881 5; ;=24C 56F E8< F86H; =5?2 ;8 B881 5; ;=24?23E 0B8:2BE ;8 :22 ;=/:C /;H: A5:/05BBE 5 ?2>56 83>56/_5;/86G #=2E F86H; 956; @28@B21/BB/6> 56/45B: D83 D88FG

'8C 32@8:/;/86/6> ;=24 /6 ;=2 @<AB/0H: 4/6F AE :5E/6>C LT2EC >/?2 ;8 E8<3 B805B

:=2B;23C A<; F86H; >/?2 ;8 ;=2 T<4562 '80/2;E 8D ;=2 \6/;2F ';5;2: A205<:2 ;=2E 53268; 9=8 ;=2E :5E ;=2E 532CL /: 56 5;;24@; 5; 32@8:/;/86/6>G

%6F ;=26 ;=2 ;=/3F 862 /: ;51/6> 595E @28@B2H: 4835B 5<;=83/;EG -2;;/6> @28@B2 ;8<6F23:;56F ;=5; ;=2:2 @28@B2C B881 ;=2 @28@B2 /6 ;=/: F2A5;2 ;=5; E8< 532 /6 9/;=;8F5E ;=2E 92326H; 5@@8/6;2F ;8 F8 ;=/:C ;=2E 92326H; 2B20;2F ;8 F8 ;=/:G S8< 4/>=;:5E ;=5; *8B/: 95: 2B20;2F A<; =2 95:6H; 2B20;2F ;8 @B5E ;=2 38B2 =2 /: @B5E/6> ;8F5EG'8 92 =5?2 56 <65@@8/6;2F >38<@ 8D @28@B2C 56 <62B20;2F >38<@ 8D @28@B2C 56F ;=2E

Page 3: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 3/45

532 4565>/6> @<AB/0 8@/6/86C 9=/0= /6 ;<36 08<BF 08602/?5ABE >2; ;=2 @<AB/0 ;8 ?8;25 023;5/6 95E 83 >2; @8B/;/0/56: 86 568;=23 F5E ;8 ?8;2 568;=23 023;5/6 95EG

'8 ;51/6> 595E ;=2/3 4835B 5<;=83/;E :5E/6>C LO=8 ;=2E =2BB 532 ;=2:2 @28@B2 56F9=E 532 ;=2E ;=2 862: 9=8 532 F2;234/6/6> 9=5; ;=2 2623>E @8B/0E 8D ;=2 :;5;2 83 8D

;=2 08<6;3E D83 ;=5; 45;;23 :=8<BF A2WL

'8 ) ;8BF E8< ;=/: 98<BF A2 D5:;C 56F 689 )H4 >8/6> ;8 :@22F /; <@G )H4 J<:; >8/6> ;8>/?2 E8< 5 08<@B2 8D 2P54@B2: 8D =89 E8< F8 ;=/:G %6F ;=26 92HBB >2; /6;8 5 B53>23086?23:5;/86 9/;= ̀ 501G

S8<HBB A2 D54/B/53 9/;= ;=/: 5FC /D E8< =5?26H; :226 /; E8< 532 >8/6> ;8 :22 /; 689C A<;;=/: /: :842A8FE 2B:2G #=/: /: ;=2 86BE 5F ;=5; ) =5?2 68; F862 ;=5; ) 54 >8/6> ;8:=89 E8< 83 ;=2 86BE ;=/6> ;=5;H: <@ =232G +<; ;=/: /: :842A8FE 32D354/6> ;=2 /::<2G

%M *a%S'

=;;@:7bb999GE8<;<A2G084b95;0=W?cdTe(_^98(f%

%M ,&M'

S8< 056 :22 =89 :842A8FE /: 32D354/6> ;=2 F2A5;2G O=5; E8< F8 8D;26 ;/42: /6D354/6> /: <:2 565B8>/2: 83 42;5@=83: 56F :5EC LO2BB /D E8< B/12 ;8 F3/61 ;=26 B2; 42;2BB E8< ;=/: /: 5 A2;;23 95E ;8 >8 /D E8<H32 B881/6> ;8 >2; =/>=G )D E8<H32 J<:; B881/6>D83 ;5:;2C 92BB ;=26 >8 F3/61 5 (812GL

T232 /: 568;=23 2P54@B2G &89 ;=2 <6/86: 3/>=; 689 532 >2;;/6>C <6B2:: E8< =5?2

A226 B/?/6> /6 5 05?2C =5?2 A226 @<:=/6> D83 56 /60325:2 8D ;=2 4/6/4<4 95>2 5; ;=2D2F235B B2?2BG '8 ;=2E =5F ;=/: A<: ;8<3 56F ;=2E 532 >8/6> 538<6F 86 ;=/: A/> A<:G#=2E >8 5BB 538<6F ;=2 08<6;3E 9/;= ;=/: A<: ;8<3 :5E/6>C LO2 622F ;8 35/:2 ;=24/6/4<4 95>2 AE gh @23026; ;8 i]hG]hGL %6F :8 9=5; 92H?2 F862C A205<:2:842;/42: 92 F8 ;=/6>: 9=5; E8< 98<BF 05BB H:;322; ;=25;23CH 9=5; 92H?2 F862 /:;=5; 92H?2 A226 0=5:/6> ;=/: A<: 538<6F 9/;= 8<3 896 A<: 83 8<3 896 ;3<01 56F :89=232?23 ;=2E >8 92 >8G

X)65<F/AB2GY

O2H32 32D354/6> ;=/: F2A5;2 :8 /;H: 68; J<:; 5A8<; >8/6> <@ ;8 i]hG]hC ;=232H: :842

8;=23 ;=/6>: ;=5; @28@B2 622F ;8 ;=/61 5A8<;G S8< 956; ;8 >2; @28@B2 ;8 :5EC 862 8D4E 683;= :;53: /: ;8 >2; @28@B2 ;8 :5EC LS8< 1689C ) 62?23 ;=8<>=; 8D /; ;=5; 95EA2D832GL

+205<:2C /D E8< 056 >2; @28@B2 ;8 :5E ;=5;C =232H: 9=5; E8< >2;7 )6:;25F 8D >2;;/6> ;=2H=2 :5/FC :=2 :5/F F2A5;2HC 9=5; E8< 9/BB >2; 9/;= ;=2 D50;<5B F2A5;2C 8D;26 ;/42:CE8<H32 >8/6> ;8 >2; /6;8 @28@B2 >2; 8?239=2B42F AE ;=2 :0/2602 56F H) F86H; 1689

Page 4: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 4/45

9=8 ;8 A2B/2?2HG +<;C /D E8< >8; 268<>= 86 E8<3 :/F2 E8< >2; @28@B2 /6;8 5 @8:/;/86 8D@535BE:/: 5A8<; ;=2 /::<2G

X/65<F/AB2Y O2H32 68; 2P@23;: 56F :8 E8< F86H; 956; ;=24 ;3E/6> ;8 A2 2P@23;:G +<; /DE8< @<; 268<>= /6D8345;/86 8<; ;=232 56F :5EC LO2BB /; 08<BF >8 ;8 i]hG]hC A<; E8<

08<BF 5B:8 B8:2 5 B8; 8D J8A:C ;=2 (86>32::/865B +<F>2; RDD/02 :5E: E8< 056 B8:2 5 B8; 8DJ8A:GL %6F 5>5/6C 92 >8; 5 B8; 8D 5F: 86 ;=/: ;=/6>G

S8< >2; /6 @28@B2H: 4/6F 5 ;/2G #=2E F86H; 1689 9=8 /: 3/>=;G %6F E8< >2; 5BB ;/2:A205<:2 ;=2 ;/2 A5:/05BBE /6:<32: ;=2 :;5;<: V<8G

*28@B2 532 68; @32@532F ;8 >2; 5>>32::/?2 56F /6 48?/6> 862 95E 83 568;=23G )HBB;512 5 ;/2 56E F5E /D )H4 ;3E/6> ;8 @32:23?2 ;=2 :;5;<: V<8G

T232 /: 568;=23 862 86 32D354/6>G '842 8D E8< 45E 32424A23 ;=2 053F 0=201F2A5;2 9/;= <6/86: 9=8 9232 ;3E/6> ;8 :22 ;8 /; ;=5; ;=232 98<BF 68; A2 56 2B20;/86

;8 <6/86/_2 ;=2 9831@B502G %BB E8< >8; ;8 F8 /: >2; @28@B2 ;8 :/>6 053F: 2?26 <6F23/6;/4/F5;/6> 0/30<4:;5602:G

'8 92 8D;26 ;/42: 92HBB <:2 0=/BF326 83 56/45B:G )D E8< 956; 5 ?/F28 ;8 >8 ?/35B =5?21/F: 83 56/45B:G '8 92 9/BB <:2 1/F: 56F 5>5/6 /6 5 42;5@=83/05B 95EC /6 ;=/: 05:2C 92532 ;3E/6> ;8 :=89 =89 ;=2 <6/86: F86H; B/12 ;8 =5?2 325B 2B20;/86:G '8 92 @<; /; /6086;2P; 8D 56 2B20;/86 D83 0B5:: @32:/F26;G

%M *a%S'

=;;@:7bb999GE8<;<A2G084b95;0=W?c+0JZ8e^jj%:

%M ,&M'

'8 ;=5; >/?2: E8<C 5>5/6 :842 :26:2C 56F AE ;=2 95E 92 B/12 ;8 <:2 =<483G '842 8DE8< =5?2 :226 8<3 :;<DD 86 ;=2 ;3501/6> :/F2G

O2 B/12 ;8 <:2 =<483 A205<:2 =<483 F82:6H; 8DD26F @28@B2 56F 5; ;=2 :542 ;/42;=2E >2; ;=2 42::5>2G )D E8< 956; ;8 =5?2 5 325BBE =53FK=/;;/6> 42::5>2C ;=5;H: D/62G'842;/42: ;=5;H: ?23E 5@@38@3/5;2G '842;/42: 92 F8 ;=5;G +<; 9=232?23 @8::/AB2 )B/12 ;8 <:2 =<483 ;8 4/6/4/_2 83 453>/65B/_2 ;=2 @28@B2 86 ;=2 8;=23 :/F2G

) ;5B12F 5A8<; 32@8:/;/86/6> ;=2 8@@8:/;/86G O2BBC =232 /: 568;=23 <6/86 ?/F28C 9=/0=95: ?23E @8@<B53 86 32@8:/;/86/6>G ) 4256C 48:; @28@B2 F86H; 1689 4<0= 5A8<;<6/86:C 3/>=;W

%M *a%S'

j23:/86 8D ;=/: 5F7 =;;@:7bb999GE8<;<A2G084b95;0=W?cZ'V\/>K00Rg

Page 5: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 5/45

%M ,&M'

%>5/6C ;=/: /: 32@8:/;/86/6>G #=/: /: >2;;/6> @28@B2 ;8 :5EC LR= E25=C ) =253F 5A8<;:842 8D ;=8:2 ;=/6>:GL

S8< 1689C 9=26 @28@B2 =253 5A8<; :842;=/6>C ;=2E =5?2 ;8 =253 5A8<; /; 4832 ;=568602 D83 ;=5; ;8 >2; /6 ;=2/3 =25FG O2 =5?2 ;8 50=/2?2 :842;=/6> ;=5; ) 05BB 0844861689B2F>2G

#=5;H: 568;=23 ;=/6> 9=5; )H4 5B95E: 9831/6> ;8953F: /D 92 =5?2 268<>= ;/42G(84486 1689B2F>2C ;8 >/?2 E8< 56 2P54@B2C /D ) 9232 ;8 F8 5 :<3?2E /6 ;=/: 388456F ) 9232 ;8 5:1 E8<7 LO=/0= /: 4832 :;5;/:;/05BBE 4832 F56>238<: 86 5 4/B2:;35?2B2F A5:/:W #8 F3/?2 ;8 M26?23 5/3@83; 83 ;8 DBE ;8 E8<3 F2:;/65;/86W ';5;/05BBEC 865 4/B2: ;35?2B2F A5:/: F3/?2 83 DBEWL

Q8:; 8D E8< 98<BF :5E /;H: 4832 F56>238<: ;8 F3/?2 ;8 ;=2 5/3@83;G %6F ) 98<BF 5>322

9/;= E8<C 56F ;=26 ) 98<BF :5EC L): /; fC gC 83 e ;/42: 4832 F56>238<:WL

%6F 5BB 8D E8< 98<BF :5EC L) F86H; 1689GL

%6F ;=26 ) 98<BF :5EC LO2BBC =89 F8 E8< 1689 /;H: 4832 F56>238<:WL %6F E8< 98<BF:5EC LO2BBC 2?23EA8FE 1689: /;H: 4832 F56>238<:GL %6F ) 98<BF :5EC LO2BB =89 F8E8< 1689W S8< @53;/0<B53BEG O=232 F/F E8< D/6F 8<; /;: 4832 F56>238<:WL

%6F E8< 98<BF :5EC L) F86H; 1689G )H?2 =253F ;=5;G )H?2 =253F /; 5 B8; 8D ;/42:G,?23EA8FE 1689: ;=5;GL

) 98<BF :5EC ;=5;H: 3/>=;G #=5;H: 084486 1689B2F>2G %6F ;=5; 0842: D384 @28@B2=253/6> :842;=/6> 268<>= ;/42: D384 268<>= F/DD2326; @B502:C @28@B2 32@25;/6> /;;8 250= 8;=23C ;=5; E8< 3250= 5 @8/6; 9=232 E8< =5?2 :8B/F/D/2F E8<3 @8:/;/86G

)D 92 056 :8B/F/DE ;=2 @8:/;/86 86 F3/BB/6>C ;3501/6>C 2;0G O2 =5?2 50=/2?2F :842;=/6>;=2 8;=23 :/F2 05668; 8?230842 A205<:2 /;H: ?23E ;8<>= ;8 A3251 0844861689B2F>2G

);H: ?23E ;8<>= ;8 A3251 D/3:; 8@/6/86:G S8< 1689 ;=2 ><E ;=5; >2;: ;8 4512 ;=2 D/3:;8@/6/86C ;=2 D/3:; /4@32::/86C =5: 5 =<>2 5F?56;5>2 A205<:2 @28@B2 F86H; 956; ;85F4/; ;=2E 9232 9386> ;=2 D/3:; ;/42G

'8 ;=5;H: 9=232 8DD26:2 0842: /6G #=5;H: 9=232 ;3E/6> ;8 >2; ;=232 253BE 0842: /6G\6D83;<65;2BEC 5>5/6C )H?2 A226 9831/6>C /6 5 B8; 8D A<:/62:: :20;83:I @28@B2 62?23956; ;8 /6?2:; /6 A2/6> ;=232 253BEG #=2E 86BE 956; ;8 /6?2:; /6 :;8@@/6> :842;=/6>;=5; /: 5 @38AB24G %6F 8D 08<3:2 ;=5;H: 5 @38AB24 5D;23 /; A20842: 5 A/> @38AB24G '8;512 ;=5; D83 9=5; /; /: 983;=G

Page 6: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 6/45

T232 /: 568;=23 862 86 32@8:/;/86/6> ;=2 8@@8:/;/86G #=/: 95: 86 ;3/5B B59E23:C 56F;3/5B B59E23: 9=8 9232 :</6> D88F 084@56/2: 8?23 8A2:/;E /::<2:G

%M *a%S'

=;;@:7bb999GE8<;<A2G084b95;0=W?c?UO[5[1FAR9 

%M ,&M'

%6F ;=2:2 92A:/;2: ;=5; E8< :227 \6/86N50;:C (86:<423N322F84G084C 2;0GI ;=2:2 53292A:/;2: 92 45/6;5/6 56F 92 =5?2 5A8<; fk F/DD2326; 92A:/;2: /6 8<3 D/34C @38A5ABE4832 ;=56 ;=5; 86 F/DD2326; 6/0=2 /::<2:G

#=2 B5:; ;=/6> ) :5/F /: 5A8<; F/4/6/:=/6> 4835B 5<;=83/;EG S8< 1689C `501 9/BB ;5B1 ;8E8< B5;23 5A8<; >2;;/6> <6/V<2 :@812:@23:86:G %6F 8<3 D/34 86 ;=2 053F 0=201F2A5;2 ) >8; -283>2 Q0-8?236 ;8 0842 8<; 56F :5E ;=5; <6/86: 9232 9386>G

) 32@32:26; :842 5B08=8B 084@56/2:C ) >8; (56FE a/>=;623C 9=8 :;53;2F Q8;=23:%>5/6:; M3<61 M3/?/6>C ;8 0842 8<; 56F :5E ;=5; Q%MM 95: 8?233250=/6> 56F ;=5;:=2 26F83:2F 8<3 @8:/;/86C 8<3 0B/26; @8:/;/86C 35;=23 ;=56 ;=2 Q%MM @8:/;/86G #=5;/: 5 F/4/6/:=/6> 8D 4835B 5<;=83/;EG

O=26 E8< 056 >2; @28@B2 ;8 A2 :5E/6> :842;=/6> ;=5; E8< 98<BF6H; 2P@20; ;=24 ;8A2 :5E/6>C /; 45E A2 08<6;23/6;</;/?2C /; 45E A2 <6<:<5BC A<; ;=2 @8/6; /: /; A3251:;=38<>=G

'8 /6 F/4/6/:=/6> 4835B 5<;=83/;E :842;/42: /6 ;=/: 05:2 E8< =5?2 ;8 A2 ;8<>=23

A205<:2 E8< 532 >8/6> 5D;23 :842862 ;=5;H: >8; 5 03896 86 ;=2/3 =25F 56F E8< 1689C/D E8< 956; ;8 5;;501C 9=26 :=2 95: 5B/?2C /D E8< 9232 >8/6> ;8 5;;501 Q8;=23 #232:5CE8< A2;;23 =5?2 5 ?23E <6<:<5B 054@5/>6G

'8 =53FA5BB /: :842;=/6> ;=5; )H4 5 A/> D56 8DC 5@@B/2F 5@@38@3/5;2BEG

'8 E8< :22 ;=5; ;=/: /: 5 A/> A/BBA853F 6253 #/42: 'V<532C 56F ;=/: 95: 5A8<; ;=2T<4562 '80/2;EC 56F ;=/: 95: 5A8<; ;3E/6> ;8 >2; @28@B2 ;8 :5EC LO#N 9=232 /: 5BB;=2 4862E ;=5; ;=2 T<4562 '80/2;E 08BB20;: 56F ;=2E 62?23 >/?2 /; ;8 :=2B;23:WL

) 986H; :=89 E8< ;=/: 9=8B2 ?/F28I E8< 056 >8 ;8 ;=/: ?/F28 86 -88>B2G S8< 056

-88>B2C HB59E23: /6 05>2:HG S8< 956; ;8 ;5B1 5A8<; :842;=/6> ;=5; =5: >862 ?/35BG #=/:=5: =5F 8?23 Z 4/BB/86 ?/29:C 56F ;=/: /: 5 @538FE 8D ;=2 ?23E 6/02C :8D; 0844230/5B5A8<; 35/:/6> 4862E D83 F8>: 56F 05;: /6 :=2B;23:G +<; 5: ) ;8BF E8<C ;=2 T<4562'80/2;E F82:6H; 325BBE @<; ;=2 4862E /6 ;=2 :=2B;23:G +<; ;=2 T<4562 '80/2;E24@B8E: 8?23 kh B59E23:G #=2E =5?2 4832 B59E23: ;=5; 532 :</6> A<:/62::2:CA5:/05BBE 5>3/0<B;<32 A<:/62::2: 56F ;=2 @2; /6F<:;3EG #=2E =5?2 4832 B59E23: ;=56;=2 O=/;2 T8<:2G '8 ;=/: /: 5 @538FEG )HBB J<:; :=89 E8< :842 8D /;G

Page 7: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 7/45

%M *a%S'

=;;@:7bb999GE8<;<A2G084b95;0=W?c[#3=lF^-TB, 

%M ,&M'

#=232H: 50;<5BBE 5 B86>23 ?23:/86 8D ;=/: 86 ;=2 )6;2362; 9=232 :=2 :5E:C HO2H32A5:/05BBE J<:; B/12 *,#%C 2P@20; 92 =5?2 :</;: 56F F28F8356;HG +<; ;=5;H: /6 ;=2 B86>23?23:/86G

'8C E8< 1689C 9=5; ) 54 ;3E/6> ;8 F8 =232 /: ;=5; )H4 ;3E/6> ;8 D3542 ;=/: ;=/6>B8>/05BBE D83 E8<G S8< 1689 A205<:2 @28@B2 8D;26 ;/42: >2; /6 5 3250;/?2 48F2G #=2E>2; 56>3EC ;=26 ;=2 56>23 B25F: ;8 3250;/86C 56F ;=5; :842;/42: 9831:C A<; /;H: 68;;=2 B8>/05B 95E ;8 >8G

#=2 B8>/05B 95E ;8 >8 /: ;=5; 8A?/8<:BE =5?2 5 @8:/;/?2 054@5/>6C 9=/0= E8< ><E:

=5?2 A226 F8/6> ?23E >88F 9/;= A205<:2 ;=5;H: ;=5; >88F @<AB/0 8@/6/86 084@8626;G%6FC 5B:8 2P@B5/6/6> :;<DD ;8 @28@B2G

#=2 8DD26:2 054@5/>6 ;=5; ) ;5B1 5A8<;C ;=2 B8>/0 /6 ;=2 8DD26:2 054@5/>6 /:F/4/6/:=/6> ;=2 8;=23 :/F2H: 5A/B/;E ;8 05@;<32 @28@B2H: /45>/65;/86 56F ;8 A20842032F/AB2G

) 956; ;=2 8;=23 :/F2 ;8 68; A2 032F/AB2G S8< 056 2/;=23 9/6 83 ;=2E 056 B8:2C A<;E8<H32 5=25F 2/;=23 95EG %6F :8C ;=5;H: ;=2 B8>/0 8D ;=/: 9=8B2 @8:/;/86G

a2; 42 ;2BB E8< 5 :;83E 5A8<; B8>/0 56F ;=26 )HBB =5?2 `501 0842 <@ =232G

% ><E 95B1/6> F896 ;=2 :;322; 56F =2 3<6: /6;8 56 8BF D3/26F 8D =/:C 56F ;=2E :;53;;5B1/6> 56F =/: D3/26F :5E:C L=89 532 E8< F8/6>WL 56F ;=2 D/3:; ><E :;53;:084@B5/6/6>G T2H: >8; 5 B8923 4565>2426; @8:/;/86 56F =2 056H; >2; 5=25FG

%6F =/: D3/26F :5E:C LS8< 1689 9=EWL %6F =2 :5E:C L68LGT2 :5E:C L+205<:2 E8< 62?23 926; ;8 08BB2>2C E8< F/F6H; >2; 5 F2>322GLT2 :5E:C L-325;C )H4 /6 4E gh:G O=5; 54 ) :<@@8:2F ;8 F8 5A8<; ;=5; 689WL %6F =/:D3/26F :5E:C L-8 ;8 0844<6/;E 08BB2>2 =232 /6 ;896C ;=2EHBB >/?2 E8< :0=88B/6>G S8<056 >8 ;8 :0=88B 5; 6/>=;C 56F 2?26;<5BBE E8<HBB >2; 5 F2>322C ;=26 E8< 056 >2; 5@3848;/86 56F E8<HBB =5?2 5 A2;;23 B/D2GL

'8 /; 4512: :26:2 ;8 =/4 56F =2 >82: ;8 ;=2 :0=88BG T2 ;5B1: ;8 ;=2 F256G

#=2 F256 :5E:C LS2:C 92 =5?2 5 B8; 8D 5F<B;: 9=8 532 084/6> /6 D83 086;/6</6>2F<05;/86G &8 @38AB24 5; 5BBG O=5; F8 E8< 956; ;8 :;<FEWL

T2 :5E:C L) F86H; =5?2 56E /F25 5A8<; 56E 8D ;=/:GL T2 :5E:C L`<:; >/?2 42 5:<>>2:;/86GL

Page 8: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 8/45

 #=2 F256 :5E:C LN/62C =232H: 9=5; 92HBB F8G O2HBB :;53; E8< 8<; 9/;= 5 08<3:2 /6T/:;83EC 5 08<3:2 /6 ,6>B/:=C 56F 5 08<3:2 /6 B8>/0GL %6F =2 :5E:C La8>/0W O2BBC 9=5;H:B8>/0WL#=2 F256 :5E:C LS8< 1689 9=5; B8>/0 /:C E8< B2536 023;5/6 D50;: ;=5; ;512: E8< ;8 5

0860B<:/86C 56F ;=5; 0860B<:/86 056 ;512 E8< ;8 568;=23 D50;C 56F :8 86G %6F E8< 056A</BF <@ 5 325B 5953262:: 8D :842;=/6> ;=5; E8< 62?23 1629 A2D832GL

T2 :5E:C L) F86H; <6F23:;56F 56E 8D ;=/:GL

#=2 F256 :5E:C La2; 42 >/?2 E8< 56 2P54@B2GL T2 :5E:C =5?2 E8< >8; 5 922F950123WL

T2 :5E:C LE25=GL

T2 :5E:C LO2BB ;=5; 4256: E8< =5?2 5 B596GL T2 :5E:C LS25= ) =5?2 5 B596GLT2 :5E:C LS8< =5?2 B596C 4E ><2:: /: E8< =5?2 5 =8<:2GL T2 :5E:C L) F8GL

T2 :5E:C LS8< =5?2 5 =8<:2C ) 5::<42 E8< =5?2 5 D54/BEGL T2 :5E:C L) >8; 5 D54/BEGLLS8< >8; 5 D54/BEC ) 5::<42 E8< 532 4533/2FGL T2 :5E:C L) 54GLT2 :5E:C L)D E8<H32 4533/2FC ) 5::<42 E8< 532 =2;238:2P<5BGL T2 :5E:C L) 54GL#=2 F256 :5E:C LM8 E8< :22 =89 ;=/: >82:W R62 ;=/6> B25F: ;8 568;=23G #=/: /: ;=2B8>/0 /6 5BB 8D ;=/:G );H: 9=E ;=2E 05BB ;=24 B8>/05B 0860B<:/86:GL

T2 :5E:C LRUG ) >2; /;C ) >2; /;GL

#98 9221: B5;23 =2 /: 86 ;=2 :;322; 56F =2 3<6: /6;8 ;=2 :542 8BF D3/26F =2 =5:6H;:226 /6 5 B86> ;/42G #=2E :;53; ;5B1/6> 5>5/6G

T/: D3/26F :5E:C LT89 /: /; >8/6>WL

T2 :5E:C L) ;881 E8<3 5F?/02C )H4 >8/6> ;8 :0=88BG )H4 ;51/6> 5 B8; 8D 08<3:2:C2?23E;=/6> /: >325;GL

T/: D3/26F :5E:C LO=5; 532 E8< ;51/6>WL

T2 :5E:C L)H4 ;51/6> ,6>B/:=C )H4 ;51/6> T/:;83EC 56F )H4 ;51/6> B8>/0GL T/: D3/26F :5E:CL$25BBEWL T2 :5E:C L9=5;H: B8>/0WL

T2 :5E:C LR=G S8< F86H; 1689 9=5; B8>/0 /:W a2; 42 2P@B5/6 /; ;8 E8<GL T2 :5E:C L=5?2E8< >8; 5 922F950123WL

T2 :5E:C L&8GL

T2 :5E:C LO2BBC ;=26 E8< 4<:; A2 >5EGL Xa5<>=;23GY

Page 9: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 9/45

`501 T<AA53F7 '8 4E 6542 /: `501 T<AA53FC 56F ) F8 896 5 922F950123G %6F ) =5?25 9/D2 56F ;98 F5<>=;23:G %6F /;H: ;8<>= ;8 D8BB89 $/01 86 56E 8D ;=2:2 ;=/6>:A205<:2 =2 F82: 03501 42 <@G +<;C =2H: 325BBE 325BBE >88F 5; 9=5; =2 F82:G %6F :8428D E8< ) 42; B5:; 6/>=;C 56F D83 ;=8:2 8D E8< 9=8 ) F/F 68; 422;C ) =5?2 A226 9831/6>9/;= $/01 D83 2/>=; E253: 689G %6F @3/83 ;8 ;=5;C ) 95: 9831/6> 86 O5BB ';322;G %6F )

:83; 8D 0542 ;8 5 32?5B<5;/86 9=26 ) 95: 9831/6> 86 O5BB ';322;G ) A20542086?/602F ;=5; 2?23E862 ;=5; ) 95: 9831/6> 9/;= 56F 2?23E862 ;=5; ) 95: 9831/6>D83 9232 5 A<60= 8D 03881:G %6F ) A20542 ?23E ?23E F/:@/3/;2FG %6F ) ;=26 45F2 ;=2F20/:/86 ;=5; ) 95: >8/6> ;8 48?2 ;8 O5:=/6>;86 MG(GC 56F 689 5BB ;=2 03881: >8 AEL'265;83L 83 L(86>32::456GL

+<;C ) 056 =862:;BE :5E ;=5; ;=2 2/>=; E253: ;=5; ) =5?2 :@26; =232 9831/6> 9/;= $/01=5?2 A226 68;=/6> A<; D<6 56F 4832 /4@83;56;BEC 5: E8<HBB :22 /6 ;=/: @32:26;5;/86:842 8D ;=2 42;3/0: ;=5; 92 =5?2 D83 X/65<F/AB2Y <@ ;8 86 ;=2 26?/386426;5B D386;C92 325BBE 532 451/6> 5 F/DD232602G %6F $/01 :842;/42: B/12: ;8 :5E ;=5; =2 F82:6H;B/12 ;8 >2; /6?8B?2F /6 56E;=/6> =2 F82:6H; D22B @5::/865;2 5A8<;G %6F ) D22B ?23E

4<0= ;=2 :542 95EG

%6F 9=5; 92H32 F8/6> =232 /: :8 /4@83;56; A205<:2 ;=2 /4@B/05;/86: /D E8< D8B1: B8:2;=/: ;=/6>C ;=2E 9/BB 8A?/8<:BE A2 A5F D83 E8<C /; 9/BB A2 A5F D83 E8<3 A8;;84 B/62:C /;9/BB A2 A5F D83 E8<3 24@B8E22:C A<; /;H: A5F D83 ;=2 :;5;2C 56F /;H: A5F D83meChhh @28@B2 83 2?26 4832 9=8 08<BF B8:2 ;=2/3 J8AG

+<; ;8 329/6F 5 B/;;B2 A/;C ) 956; :;53; AE ;2BB/6> =89 ;=/: 9=8B2 ;=/6> 0542 5A8<;G*3/83 ;8 <: >2;;/6> /6?8B?2F /6 (8B835F8C ) ><2:: ;=/: 95: 45EA2 :/P ;8 6/62 486;=:5>8C 92 3202/?2F :842 :<@@83; D384 :842 084@56/2: 56F D8<6F5;/86: 9=8 =5F:226 5 B8; 8D ;=2:2 @5:; 5F: 56F 054@5/>6: ;=5; 92 356C >8/6> 5D;23 ;=2

T<4562 '80/2;E 56F 8;=23 @28@B2C 56F ;=2E :5/FC LQE >8FC 92 622F ;=/: D83 8<3/6F<:;3EG N83 8<3 05<:2 3/>=; 689 A205<:2 ;=2:2 56;/K2623>E >38<@: 532 >2;;/6> 5D322 @5:: 56F 68 862 /: >8/6> 86 8DD26:2 5>5/6:; ;=24 56F =/;;/6> A501 =53FGL

'8 92 3202/?2F D<6F/6> ;8 :;53; :842;=/6> 05BB2F +/> -3226 $5F/05B:G %6F +/> -3226$5F/05B: 95: 56F 086;/6<2: ;8 A2 5 65;/865B 054@5/>6 56F ;=2 /6/;/5B ;53>2;: 8D ;=5;054@5/>6 9232 ;=2 '/2335 (B<AC &$M(C 56F N88F 56F O5;23 O5;0=G

%6F /D E8<H32 986F23/6> 9=E ;=8:2 ;=322 83>56/_5;/86: D3561BEC 9232 ;=2 ;53>2;: 8D;=/: @<AB/0 2F<05;/865B 054@5/>6C 9=/B2 ;=2EH32 5BB <6/V<2 /6 >26235BC ;=2EH32 5BB

?23EC ?23E @8923D<B 65;/865BBEG #=2EH32 5BB ?23EC ?23E @8923D<B /6 O5:=/6>;86 MG(G9=26 /; 0842: ;8 B8AAE/6>G #=2E 532 A2=/6F :842 8D ;=2 48:; :;3/6>26; 56F 65:;E56;/K2623>E /6/;/5;/?2: 56F B2>/:B5;/86 8<; ;=232G %6F 48:; 8D ;=24 =5?2 ?23EC ?23EB53>2 A<F>2;:G %6F 92HBB >2; /6;8 ;=5; 5 B/;;B2 A/; B5;23G +<; ;=/: /: =89 ;=2 054@5/>6:;53;2FG

Page 10: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 10/45

'8C 92 ;=8<>=; =89 532 92 >8/6> ;8 1/01 8DD ;=/: 054@5/>6W #512 ;=2 ;E@/05B +2345656F (84@56E 48F2BC /6 ;234: 8D <6F234/6/6> ;=2:2 D8B1: 032F/A/B/;EC 56F F/4/6/:=;=2/3 4835B 5<;=83/;EG

'8 862 8D ;=2 D/3:; ;=/6>: 92 F/F 95:C 92 :5/FC 92BB B2;H: 4512 ;=/: 5 B/;;B2 @23:865BG

a2;H: D/6F 8<; 9=2;=23 ;=2:2 @28@B2 532 @350;/0/6> 9=5; ;=2E @3250=G %6F 9=5; 92F/F 95: 92 086F<0;2F 5 9=8B2 A<60= 8D /6;26:2 8@@8:/;/86 32:2530= F/>>/6> /6;8;=2/3 A853F 8D F/320;83:C 56F 92 @<BB2F 5BB 8D ;=2 ;/;B2 /6D8345;/86 D83 5BB ;=2 ?2=/0B2:;=5; ;=2E 896G %6F 92 32B25:2F ;=2 32@83;C 8D 9=/0= E8<HBB :22 ;=2 D/6F/6>: /6 54/6<;2C A<; /; 325BBE ;881 8DD 56F :@325F B/12 9/BFD/32 A205<:2 /; 95: 5 325BBE F546/6>32@83; 5>5/6:; ;=24 56F ;=2/3 A853F 8D F/320;83:G %6F ;=/: 62P; 0B/@ :=89: E8< :8428D ;=2 08?235>2G #=/: /: J<:; 862 8D ;=2 2P54@B2: 8D ;=2 08?235>2 ;=5; 92 3202/?2FD384 ;=5; 32@83;G

&,O' (a)* *a%S'

=;;@7bb?/F28GD8PA<:/62::G084b?bZkhdgeehfZhh]b:/2335K0B<AK2P20<;/?2KA853FK424A23:KF3/?/6>K>5:K><__B23:bn:@c:=89K0B/@:

&,O' (a)* ,&M'

'8 E8< 056 >2; ;=2 >/:; 8D /; 3/>=; ;=232G ) 986H; 086;/6<2G #=5; 95: 5 @/202 8D 5 4<0=B86>23 :2>426; ;=5; B5:;2F D83 5A8<; D/?2 4/6<;2: 8D ;=24 J<:; 3/@@/6> 86 ;=2 '/2335(B<AC 56F ;=5; ;2B2?/:/86 :=89 86 ;=2 4836/6>C /: ;=2 =/>=2:; 9=26 /; 0842: ;8 D8B1:95;0=/6>C /;H: ;=2 862 ;=5; =5: ;=2 =/>=2:; 35;/6>: 86 05AB2 629:G

'8 /;H: J<:; 862 2P54@B2 8D <: 325BBE 26>5>/6> /6 5 95E ;=5;C E8< 1689C >2;: 08?235>2G

#=232 532 :8 456E @28@B2 9=8 532 @38F<0/6> :;<F/2: ;=5; 08BB20; F<:; 86A881:=2B?2:G +<; 862 8D ;=2 ;=/6>: 92 532 325BBE D80<:2F 86 /: =89 F8 92 ;512 ;=242::5>2C @<; /; 86 5 A<4@23 :;/0123C 56F >2; /; 8<; ;8 ;=2 @<AB/0 :8 /; >2;: 08?235>256F E8< A3251 ;=38<>= ;=2 fgbd 629: 0E0B2G

'8C B2;H: J<4@ ;8 (8B835F8G #=2:2 532 ;=/6>: E8< D8B1: 5B325FE 1689C A<; (8B835F8 /:/6 5 ?23E <6/V<2 @8:/;/86 3/>=; 689 A205<:2 E8< =5?2 ;=2:2 A5BB8; /6/;/5;2:C E8< =5?2;=2 '265;2 3502C 56F E8< =5?2 ;=2 -8?23683H: 3502G

%6F 9=26 E8< 084A/62 5BB 8D ;=8:2 ;=/6>: /; 4256: ;=232 /: >8/6> ;8 A2 5 ;86 8D B2D;

9/6> 4862E 084/6> /6;8 ;=2 :;5;2G O2H?2 :226 /61B/6>: 8D /;C ) 056 =862:;BE ;2BB E8<;=2 8BF :5E/6>C LE8< 5/6H; :226 68;=/6> E2;CL ) ;=/61 /;H: >8/6> ;8 =8BF ;3<2G

%6F /6 D50;C 9=26 ) 95: ;5B1/6> 9/;= $/01 5 B/;;B2 A/; A2D832 ;=/: @32:26;5;/86C =2 :5/FE8< 62?23 1689 9=5; ;=2 8@@8:/;/86 /: >8/6> ;8 F8 /6 ;=2 486;= 83 ;98 A2D832 ;=250;<5B 2B20;/86G %6F 9=5; 92 56;/0/@5;2C J<:; A5:2F 86 =5?/6> F862 ;=/: D83 5 B86>;/42C /: E8<H32 >8/6> ;8 :22 5 354@2F <@ /6;26:/;E ;=5; ) ;=/61 9/BB :<3@3/:2 2?26 D8B1:

Page 11: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 11/45

/6 ;=2 /6F<:;3E 56F @8B/;/05B 8@235;/?2: >/?26 ;=2:2 ;=322 ;=/6>: 5BB =5@@26/6> 5; ;=2:542 ;/42G

'8 =89 F/F 92 >2; /6?8B?2F /6 (8B835F8W #=2 +/> -3226 $5F/05B: (54@5/>6 >5?2 <:;=2 @23D20; @B5;D834 ;8 26>5>2G %6F 92 =5?2 0<3326;BE 3202/?2F :842 :<@@83; D384

084@56/2: ;8 ;512 ;=5; +/> -3226 $5F/05B: 054@5/>6 ;=5; 92H?2 :;53;2F 5; ;=265;/865B B2?2B 56F F/> /6 5; ;=2 (8B835F8 B2?2BG

%6FC ;8 ;5B1 ;=38<>= :842 8D ;=2 @B5E23: =232C ;=2:2 532 D8B1: 9=8 92 98<BF56;/0/@5;2 532 >8/6> ;8 >2; 26>5>2F 83 =5?2 5B325FE >8;;26 26>5>2F /6 ;=/: D/>=;GN88F 56F O5;23 O5;0= =5: 56 566<5B A<F>2; 8D ]f 4/BB/86 F8BB53:C ;=2 '/2335 (B<A d^4/BB/86 F8BB53:C 689 8A?/8<:BE 5BB 8D ;=5; 986H; A2 5BB A2 :@26; /6 (8B835F8C A<;D3561BE ;=232 532 5 B8; 8D D8B1: /6 ;=2 26?/386426;5B 0844<6/;E 9=8 532 B881/6> 5;(8B835F8 56F :5E/6>C L#=/: /: >325;C A205<:2 ;=/: 056 A2 5 >325; 8@@83;<6/;E ;8 0325;25 08@EK05; :02653/8 9=232 /D 92 532 :<002::D<B =232C 92 056 ;512 ;=/: :;35;2>E 56F3<6 /; ;=38<>= 8;=23 :;5;2: 56F 8;=23 B805B/;/2:GL

'8 ;=5; :;512: 532 325BBE =/>= =232 D83 ;=2 '/2335 (B<A 56F 8;=23:G

#=2 *531 N8<6F5;/86 /: 5 B2D;K9/6> D8<6F5;/86 ;=5; 95: :;53;2F AE 5 925B;=E/6F/?/F<5B 9=8:2 0=/BF326H: 0=/BF326 =5?2C ) ><2::C =5?2 B8:; ;=2/3 95E 56F =5?2>3896 <@ 9/;= 5 B8; 8D 4862E 56F A20542 B2D;K9/6> 50;/?/:;: 56F ;=2E :@26F 5 B8; 8D4862E D<6F/6> ;=2:2 ;=/6>: 56F ) 98<BF6H; A2 :<3@3/:2F ;8 :22 ;=24 084/6> 8<; 56FD<6F/6> :842 8D ;=2 ;=/6>: >8/6> 86 =232G

&2P; /: 4E D5?83/;2C (86>32::456 `532F *8B/:G O83;= me 4/BB/86 F8BB53:G Q5F2 =/:4862E AE :;53;/6> *38NB8923:G084 56F +B<2 Q8<6;5/6 -322;/6> (53F:G T2 56F =/:

=<:A56FC ;=2E 896 ;=322 =842:I 862 8D 9=/0= /: 3/>=; 8<;:/F2 8D O5:=/6>;86 MG(G983;= 8?23 k 4/BB/86 F8BB53:G RUG

%<F/2602 424A23 n]7 M82: =2 896 5 922F950123W

`5017 ) H4 68; >8/6> ;8 084426; 86 ;=2 922F950123G

+<;C *8B/: /: :8 8<; 8D ;8<0= 9/;= ;=2 @<AB/0C A205<:2 E8< =5?2 ;=/: ;E@/05B 925B;=EF8K>88F23C B2D;K9/6> 50;/?/:; 9=8 =5: 5 :25; /6 (86>32::C 9=8 ;=/61: =2 056 F/0;5;2@8B/0E D83 2?23E862 2B:2G %6F 92 =5?2 F<>K/6 325BBE F22@ 86 *8B/:C 56F E8< 532 >8/6>;8 :22 4832 :;<DD 084/6> 8<;G

+<;C 92 =5?2 <608?232F ;=2 D50; ;=5; =2 0<3326;BE =5: 8?23 5 4/BB/86 F8BB53: /6?2:;2F/6 ;=2 2623>E /6F<:;3EC 56F 2623>E D<6F: ;=5; /60B<F2 084@56/2: ;=5; =5?2 ;3501/6>@8:/;/86:G %6F ;=/: /: 5 ><E 9=8 /: 8<; ;=232 :5E/6> ;=5;H: /;H: 68; >88F 268<>= D83 5BB8D E8< D8B1: 56F /; 622F: ;8 A2 A5662F /6 ;=2 :;5;2C A<; =2 /: 451/6> 4862E 8DD 8D /;56F 08BB20;/6> F/?/F26F:G ) 4256 /;: =E@803/:E 5; /;: 983:;G

Page 12: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 12/45

a5:;BEC #84 ';2E23G )D E8< F86H; 1689 9=8 #84 ';2E23 /:C E8< 532 >8/6> ;8 1689 AEfh]mG #84 ';2E23 /: 5 925B;=E =2F>2KD<6F 4565>23 9=8 /: 983;= ]Gm A/BB/86 F8BB53:C9/;= 5 H+HC 56F D83 :842 325:86 =2 /: 8A:2::2F 9/;= >8/6> 5D;23 ;=2 2623>E /6F<:;3EF2:@/;2 ;=2 D50; ;=5; =2 45F2 5 :/>6/D/056; 548<6; 8D =/: D83;<62 /6?2:;/6> /6 ;=2 085B/6F<:;3EC 9=/0= /: A2E86F 9/BFG

+<;C =2 =5: 0842 8<; @<AB/0BE 56F :5/F ;=5; =2 /: >8/6> ;8 :@26F ]hh 4/BB/86 F8BB53:;=/: 2B20;/86 0E0B2 ;8 2B20; M248035;: ;=5; @<:= 26?/386426;5B 05<:2:G %6F E8< 056A2;C >/?26 ;=2 :265;2 3502 >8/6> 86 =232C 084A/62F 9/;= ;=2 A5BB8; /6/;/5;/?2:C )98<BF 68; A2 :<3@3/:2F ;8 :22 4/BB/86: 8D F8BB53: 084/6> /6;8 ;=2 :;5;2 D384 ;=/: ><EG

'8 9=5; F82: ;=2 054@5/>6 B881 B/12W )H4 >8/6> ;8 3<6 ;=38<>= @32;;E V</01BE 9=5;92H32 <@ ;8C A<; 92 =5?2 ;=2 86B/62 92A:/;2C 92 =5?2 :842 8D ;=2 A2:; 8@@8:/;/8632:2530= D8B1:C ) ;=/61 /6 ;=2 08<6;3EC 68; ;8 426;/86 O5:=/6>;86 MG(G #=2:2 @28@B2F/> F22@23 86 ;=2 A5F ><E: 2?23E F5E ;=56 56E862 2B:2G O2H?2 >8; 35F/8 5F:C ;=232H:>8/6> ;8 A2 ;2B2?/:/86 5F: >8/6> <@C E8<H?2 @38A5ABE :226 :842 8D 8<3 @3/6;C 56F

92H32 325BBE 26>5>2F /6 86B/62 5F?23;/:/6> A205<:2 /;H: 5 0=25@ 95E 56F 56 2DD20;/?295E ;8 3250= @28@B2G S8< 056 3250= 5 ;86 8D ;=24 D83 ?23E B/;;B2 4862E 56F E8< 05650084@B/:= ;=2 :542 ;=/6> ;=5; E8< 4/>=; =5?2 A226 5AB2 ;8 F8 9/;= ;2B2?/:/86G

'8C 8<3 92A:/;2 /: A/>>322635F/05B:G084C 56F ;=232 /: 5 :/>6/D/056; (8B835F8 @5>2G%6F 9=5; 92 F8 86 ;=5; :/;2C )H4 >8/6> ;8 :=89 E8< ;=2 86B/62 ?/F28 /6 5 4/6<;2C A<;/6 ;=2 3/>=;K=56F 08B<46 92 F/>K/6;8 2?23E >38<@G O2 B/:; ;=2/3 4862EG O2 B/:; ;=2/3D<6F23:G O2 B/:; ;=2/3 35F/05B @8:/;/86:G %6F ;=26 92 F8 =5?2 5 :20;/86 86 2?23E:/6>B2 50;/?/:;G #=2/3 35@ :=22;:C ;=2/3 03/4/65B 32083F: ;=5; ;=2E =5?2G O2H32 325BBE451/6> ;=/: @23:865BG O2H32 ;3E/6> ;8 4512 /; :8 ;=2E F86H; =5?2 56E 032F/A/B/;E 9/;=;=2 @<AB/0C 9/;= ;=2 42F/5C 83 9/;= ;=2 B2>/:B5;83:G

#=/: /: 5 0=53; ;=5; 8<3 32:2530=23: F/FC 56F E8<H32 68; >8/6> ;8 A2 5AB2 ;8 D8BB89 /;D384 5 F/:;5602C /;H: 862 8D ;=2 ;=/6>: E8<HBB =5?2 ;8 :/; F896 56F 325FG O2 @38?/F2F/; D83 ;=2 42F/5C 5: 92BB 5: D83 ;=2 424A23: 8D ;=2 @<AB/0 9=8 532 /6;232:;2F /6B2536/6> 4832 5A8<; 9=5; /: >8/6> 86G

+<; ;=2 92A ;=5; /: A2/6> 925?2F =232 /6 (8B835F8 /: A2E86F F/__E/6>G S8< =5?24<B;/@B2 :=2BB 83>56/_5;/86: ;=5; 532 A2/6> @38@@2F <@ ;8 =/F2 9=8 /: D<6F/6> 9=5;G'8 @28@B2 532 J<:; F/:0B8:/6> ;=2 :=2BB 83>56/_5;/86 ;=5; 938;2 ;=2 0=201C A<; E8<F86H; 1689 9=8 D<6F2F ;=5; 83/>/65B 862G S8< =5?2 8<;:/F2 4862E >2;;/6> /6?8B?2FGS8< =5?2 @28@B2 B/12 S818 R68C 92HBB ;5B1 5A8<; =23 /6 5 B/;;B2 A/;C 56F E8<H32 >8/6> ;8

:22 =23 >2;;/6> 26>5>2FG

%6FC 862 8D ;=2 ;=/6>: ;=5; 5B95E: :;3/12: 42 5: :8429=5; D<66E 56F F/:/6>26<8<:/: ;=5; ;=2 6542 8D ;=2 83>56/_5;/86 ;=5; /: :83; 8D A2=/6F 5 B8; 8D ;=/: :;<DD /:C N3501N322 (8B835F8C 56F E2; *8B/: 5: 92BB 5: 5BB 8D =/: 0386/2: 0842 8<; 56F :5EC LO2H32 68;5>5/6:; D3501/6>GL %6F ) :5E ;8 4E:2BDC L)D E8<H32 68; 5>5/6:; D3501/6>C 9=E /: E8<36542 N3501 N322 (8B835F8WL ) 4256C ;=2:2 @28@B2 =5?2 68 /6;232:; /6 ;=2 /6F<:;3E8@235;/6> /6 56E95EC 56F ) 1689 ;=5; ;=2 /6F<:;3E 3/>=; 689 /: :@B/; 86 5

Page 13: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 13/45

084@384/:2 56F ;=5; =5: ;8 F8 9/;= @28@B2H: @8:/;/86: 5: 92BB 5: D<;<32 5:@/35;/86:/6 ;=2 :;5;2G

+<; ) 9/BB J<:; 9536 E8< 2?26 /D E8< F8 4512 ;=/: >8 595EC 9=5; =5@@26: /: ;=5;C /;H:50;<5BBE 5 @=35:2 ;=5; $/01 =5: ;8BF 42C A<; 9=26 ;=2 50;/?/:;: B8:2 /D ;=2E F8 B8:2C

;=2E 62?23 :5EC LO2 B8:;GL #=2E :5EC LO2 F/F6H; 9/6 E2;GL %6F ;=2E 532 >8/6> ;8 122@@<:=/6> ;=/: ;=/6>G %6F $/01 /: >8/6> ;8 ;5B1 5A8<; ;=2 26FB2:: 953 ;=5; E8< ><E: 532>8/6> ;8 A2 D50/6> /6 ;=/: :;5;2G

'8C ;=/: /: 56 86B/62 ?/F28 ;=5; 92 =5?2 <@ 86 8<3 92A:/;2C 56F /; 926; <@ B5:; 9221G%6F :/602 ;=26C 92H?2 A226 =25?/BE 26>5>2F /6 3<66/6> >28K;53>2;2F 5F: D80<:2F 86(8B835F8G %6F 5: 8D ;=/: 4836/6> ]]hChhh @28@B2 =5?2 ?/292F ;=/: 0844230/5BC ;=/:86B/62 0844230/5BG ^] @23026; 532 D384 (8B835F8G '8 )HBB @B5E /; =232G

%M *a%S'

=;;@:7bb999GE8<;<A2G084b95;0=W?cU0ROF0U6-=goB/:;c\\gBg'_<V]e?j[OU<91?PApl

%M ,&M'

'8C ;=5;H: =53FA5BBG %6F ;=5;H: 5 B86>23 :@8; A205<:2 E8< 056 F8 ;=5; 86B/62G )6 ;=262P;C @38A5ABE ;98 9221:C 92H32 >8/6> ;8 =5?2 5 ;2B2?/:/86 0844230/5B ;=5; 9/BBF2D/6/;2BE A2 =53F =/;;/6>C A<; /: >8/6> ;8 A2 ?23E =<4838<:G O2H32 >8/6> ;8 3<6 ;=5;86 ;2B2?/:/86G '8 A2;9226 86B/62 56F #jC 92 ;=/61 92 056 3250= 5 :/>6/D/056; 6<4A238D @28@B2 /6 ;=2 :;5;2C 56F ;=5; 5F?23;/:/6> A<F>2; /: >8/6> ;8 122@ 354@/6> <@ 5: 92>8 ;=38<>= ;=2 62P; 08<@B2 9221:G

#=/: /: ;=2 D<BB @5>2 5F ;=5; :842 8D E8< 45E =5?2 :226 /6 ;=2 M26?23 *8:;C 5: 92BB 5::842 8;=23 629:@5@23:G %6F ;=2 325:86 D83 ;=/: 5F 95: 8627 ;8 B5<60= ;=2054@5/>6C A<; /; 95: 5B:8 5 @8:/;/86/6> 5FG

S8< D8B1: 532 F25B/6> 9/;= 4<B;/@B2 A5BB8; /6/;/5;/?2: 56F /;H: /6032F/ABE 084@B/05;2F56F H/6:/F2 A5:2A5BBH 9=26 E8< :;53; ;5B1/6> ;8 @28@B2 5A8<; :2;A501: 56F ;=/: 56F;=5;C 56F B805B 086;38BG #=2 62P; ;=/6> E8< 1689C E8<H32 ;3E/6> ;8 @B5E F2D26:25>5/6:; 4<B;/@B2 /6/;/5;/?2: ;=5; 532 ?23E F/DD2326; 56F ?23E 084@B2PG %6F ;=2 @<AB/0CD3561BEC F82:6H; =5?2 ;=2 ;/42 83 ;=2 A35/6 ;8 <6F23:;56F ;=24 5BBG

'8C 9=5; 92 956;2F ;8 F8 /: ;=5; 92 956;2F ;8 A356F ;=2 26;/32 48?2426; A2=/6F;=/: 5: 68; A2/6> 032F/AB2C 56F 56;/K:0/2602G '8 E8< 056 :22 =232C ;=/: /: 8<3 ;3501/6>50;/?/:;7 /;H: 50;<5BBE 5 >26;B2456 /6 8<3 8DD/02 9=8 :=8; ;=5; ;=232G O2 =5F 5 B8; 8DD<6 :=88;/6> /;G T2H: :83; 8D 24A5335::2F ;=5; =2H: /6 5 D<BBK@5>2 5F /6 ;=2 M26?23*8:;G +<; /; >8; 5 B8; 8D >325; 32?/29: 56F :842 25362F 42F/5 08?235>2C 9=/0= /:>325;G

Page 14: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 14/45

#=/: /: 5 053;886G );H: 4832 J<:; D<6 D83 E8< ><E: ;8 :22C A<; J<:; *8B/: 3<66/6> 8DD ;=20B/DDC B25?/6> 2?23EA8FE 2B:2G +<; /; :=89: =89 /:8B5;2F =2 /: 56F ;=2 D50; ;=5; ;=232532 :8 456E D8B1:C 2?26 86 ;=2 M248035;/0 :/F2 9=8 532 :/;;/6> ;=232 >8/6>C LR= 4E>8FC @B25:2 F86H; F8 ;=/:GL

'8C 862 ;=/6>C :8 ;=/: :B/F2 /: :83; 8D /6;232:;/6>C 56F $/01 =/6;2F 5; /; 9=26 =2 ;5B12F5A8<; -283>2 Q0-8?236 084/6> 8<; 5>5/6:; B5A83 <6/86: 83 ;=2 D8<6F23 8D Q8;=23:%>5/6:; M3<61 M3/?/6> 084/6> 8<; /6 D5?83 8D ;=2 @8:/;/86: 8D ;=2 5B08=8B /6F<:;3EG

R62 8D ;=2 ;=/6>: ;=5; 92 532 ?23EC ?23E >88F 5; /: 26>5>/6> <6/V<2 83 ;=/3F @53;E42::26>23: ;8 >2; /6?8B?2F 86 ;=/: :;<DDG O=232 @28@B2 :5EC L8= 4E >88F62::C 9=E532 ;=2E >2;;/6> /6?8B?2FG #=/: /: 325BBE 086;38?23:/5BG #=/: /: >8/6> ;8 >2; 5 B8; 8D08?235>2GL %6F /; <6F234/62: ;=2 032F/A/B/;E 8D :842 8D ;=2 @28@B2 9=8 532 @<:=/6>;=/:G

'/602 ;=/: /: 5 @<AB/0 ?26<2C )H4 68; >8/6> ;8 >8 /6;8 F2;5/B: 5: ;8 9=5; 92H32 F8/6>G )

9/BB 86BE :5E E8< @38A5ABE =5?2 :226 :842 8D 8<3 9831 >8/6> 5D;23 :842 D8B1:;=38<>= :842 8;=23 83>56/_5;/86: 56F 26;/;/2:C 56F 92H32 >8/6> ;8 122@ /; <@C 56F /DE8< =5?2 56E V<2:;/86: 83 ;=8<>=;: 5A8<; ;=5;C 0842 ;5B1 ;8 42 56F ) 056 D/BB E8<4832 /6 86 5 862K;8K862 A5:/: 5: 8@@8:2F ;8 /6 5 @<AB/0 :@220=G

'8 084/6> :886C 92H32 >8/6> ;8 A2 F8/6> #jC 92H32 >8/6> ;8 A2 F8/6> 35F/8G #=2329/BB A2 4832 @3/6; 5F:C 56F ;=232 9/BB A2 4832 86B/62 5F?23;/:/6>G %6F 5B86> ;=5;;=242 8D 084/6> :886C S818 /: @38A5ABE 084/6> :886G %: 92BB 5: 5 9=8B2 =8:; 8D8;=23 02B2A3/;/2:C 9=2;=23 /; A2 $8A23; $2FD83F 83 8;=23:G

%6F ;=/: /: 5 A/BBA853F 92 @<; <@ /6 *266:EB?56/5 5A8<; 9=E 98<BF 92 ;512 2623>E

5F?/02 D384 ;=2 98456 9=8 A3812 <@ ;=2 +25;B2:G %6F /;H: :83; 8D ;86><2K 56FK0=221G O2 =5?2 862 86 a5FE -5>5 56F 862 86 $8A23; $2FD83FG +<; ;=2 325:86 ):=892F ;=/: /: A205<:2 E8< :=8<BF A2 @32@532F ;=5; ;=2:2 D8B1: 532 >8/6> ;8 A2DBE/6>K/6 86 ;=2/3 @3/?5;2 J2;:C 83 45EA2 68; 2?26 DBEK/6C 45EA2 J<:; :=88;/6>0844230/5B: 56F :=/@@/6> ;=24 /6;8 ;=2 :;5;2G +<; E8< 532 >8/6> ;8 :22 ;=24 86 #jG%6F ;=2 @38AB24 /: ;=5; ;=2 @<AB/0 325BBE F82: =5?2 5 02B2A3/;E 983:=/@ 0<B;<32G +<;;=2 >88F 629: /: ;=5; ;=232 /: 68;=/6> ;=2 @<AB/0 B/12: 4832 ;=56 ;253/6> F89602B2A3/;/2: 56F @B5E/6> <@ ;=2 =E@803/:E 56>B2G

'8 ;=5;H: J<:; 5A8<; 2?23E;=/6> ) =5?2 ;8 :5E 5: ;8 9=5; 92H32 <@ ;8G #=/: 054@5/>6 /:>8/6> ;8 >389C 56F /;H: >8/6> ;8 A20842 4832 /6;26:2 56F $/01 /: >8/6> ;8 ;5B1 5 B/;;B2

A/; 4832 /6 5 4/6<;2G

+2D832 =2 0842: <@ =232C ) J<:; 956; ;8 :=532 862 :=83; V</01 :;83EG QE>356F48;=23C :=2 95: D384 +3881BE6 56F :=2 :<DD232F D384 F2426;/5 B5;23 /6 B/D2G%6F /; 95: 5 :B89 F20B/62C 56F :=2 :;53;2F ;8 A20842 4832 56F 4832 /65@@38@3/5;2/6 ;=2 ;=/6>: :=2 :5/FG %6F :=2 A20542 086?/602F 2?23E :/6>B2 F5E ;=5; :=2 95:>8/6> ;8 F/2 ;8483389G %6F :=2 98<BF 05BB 42 56F :5EC L`501/2C )H4 >8/6> ;8 F/2;8483389G ) 622F ;8 >/?2 E8< 5 @/202 8D 5F?/02GL %6F ;=/: 926; 86 D83 486;=:G %6F /;

Page 15: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 15/45

95: D384 2?23E;=/6> D384 A<:/62::C D384 B/D2C D384 4533/5>2C ;8 :2PC 9=/0= 95:325BBE <6084D83;5AB2G +<;C 862 8D ;=2 B5:; ;=/6>: :=2 ;8BF 42 /:C :=2 :5/FC L`501/2C /DE8< 2?23 >2; /6 ;38<AB2C 56F /D E8<3 A501 /: 2?23 <@ 5>5/6:; ;=2 95BBC =/32 5 >88F`29/:= B59E23GL O/;= ;=5;C ) =56F /; 8?23 ;8 $/01G

$/01 +234567 #=/: 8DD26:/?2 054@5/>6 ;=5; /: F2:/>62F ;8 5;;501 /: 68; 5 @8:/;/?2054@5/>6G % B8; 8D ;/42: @28@B2 :5EC LO2BBC 92 :=8<BF6H; A2 ;=5; 65:;EC 92 :=8<BF6H;A2 ;=5; 5>>32::/?2GL %: )H?2 ;8BF E8<C :842 ;/42: E8< 056 4533E ;=5; 5>>32::/?2 9/;=@538FEG +<; ;=232 /: 5 @B502 D83 ;=/:G #=232 /: 68 :/B?23 A<BB2; /6 ;=2:2 054@5/>6:G#=232H: 56 8DD26:2G #=232H: 5 F2D26:2G #=232H: 5 @38 :/F2G #=232H: 56 56;/ :/F2G S8<056 953 >542 ;=/: @32;;E 25:/BEG

+<; ;=/: /: :842;=/6> ;=5; V</;2 D3561BEC 5 B8; 8D @28@B2 B25?2 86 ;=2 ;5AB2G )H?2 =5F0B/26;: :5E ;8 42C LO2BB E8< 1689C ) F86H; 325BBE 956; ;8 5;;501C ;=5;H: 68; 9=8 92532GL ) :5EC LO2BBC E8< 1689C E8< 056 2/;=23 9/6 <>BE 83 B8:2 @32;;EGL S8< 1689C E8<D/><32 8<; 9=232 E8< 956; ;8 A2G +<; :842;/42: ;=/: /: 9=5; E8< 622FG

)H?2 =5F @28@B2 :5E ;8 42 5; ;/42: ;=5;C L#=2E 0=5350;23/_2 <: /6 5 054@5/>6 5: A2/6>;=2 ><E: 9/;= ;=2 AB501 =2B/08@;23:GL %6F ;8 :842 F2>322 ;=5;H: ;3<2G O2H32 F8/6>:;<DD ;8 F/4/6/:= ;=2 8;=23H: :/F2:H 5A/B/;E ;8 8@235;2G

%68;=23 683;= :;53C /D E8< 9/BBC ;=5; ) <:2G '842 E253: 5>8 ) 0542 <@ 9/;= ;=/:50386E4G ) 95: 086?/602F E8< 08<BF 68; >2; /6;8 @28@B2H: =25F: 56F 086?/602 ;=24;8 F8 :842;=/6> 5: 25:/BE 5: E8< 08<BF >2; /6;8 ;=2/3 =253;: 83 /6;8 ;=2/3 ><; ;8086?/602 ;=24 ;8 F8 :842;=/6>G +205<:2C 248;/86: F3/?2 @28@B2 4<0= A2;;23 ;=56/6;2BB20;<5B 2@/@=56/2:G LR= ) J<:; =253F 8D ;=/:C ) J<:; =253F 8D ;=5;GL &8C E8< >8; ;8>2; @28@B2 248;/865BBE 26>5>2F 86 E8<3 :/F2G '8 ) 0542 <@ 9/;= ;=2 50386E4C

Na%-'C 9=/0= :;56F: D83 ;=2 D/?2 A/> 248;/86: ;=5; ) B881 5; 9=26 )H4 ;3E/6> ;8X/65<F/AB2Y @28@B2 X/65<F/AB2YG

#=2 D/3:; 862 /: D253C ;=2 :2086F 862 /: B8?2C ;=2 ;=/3F /: 56>23C >322F =5: ;8 F25B 9/;=CL) 956; /;G ) 956; ;8 >2; :842;=/6> 8<; ;=/: D83 4E:2BDGL %6F ;=2 D/D;= 862 /: :E4@5;=EG

'8 /D E8< ;=/61 5A8<; =89 92 >2; @28@B2C /;H: 862 8D ;=8:2 D/?2 248;/86:G )D E8< 056;5@ /6;8 ;98 8D ;=24C E8< 532 ;=5; 4<0= A2;;23 8DDG #=2 ;98 ;=5; 32:865;2 A2:; 9/;=@28@B2C 56F ;=5; 92H32 ;3E/6> ;8 <:2 /6 ;=/: @53;/0<B53 054@5/>6 532 D253 56F 56>23G

%6>23 /: 9=5; @28@B2 =5?2 8?23 :842;=/6> ;=5; =5: =5@@262FG N253 /: 9=5; @28@B2

=5?2 9=26 ;=2E =5?2 9=26 ;=2E ;=/61 :842;=/6> 4/>=; =5@@26G );H: 9=26 E8< ;2BB@28@B2C L+2 0532D<B 8D 9=5; E8< 9/:= D83G #=2 B59 8D <6/6;26F2F 086:2V<2602:G #=/:4/>=; =5@@26 2?26 ;=8<>= E8< F86H; 956; /; ;8 =5@@26GL

N253 56F 56>23 =5?2 ;8 A2 @53; 8D ;=/: 054@5/>6G )D E8< 956; ;8 9/6C ;=5;H: 9=5;92H32 >8/6> ;8 F8G O2H32 68; >8/6> ;8 >2; @28@B2 ;8 B/12 ;=2 8/B 56F >5: /6F<:;3E 8?23;=2 62P; D29 486;=:G

Page 16: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 16/45

#=232 /: 68 :E4@5;=E D83 ;=2 8/B 56F >5: /6F<:;3EG '8 92H32 68; >8/6> ;8 ;5@ /6;8 ;=2:E4@5;=2;/0C LR=C )H4 :E4@5;=2;/0 D83 5BB ;=8:2 @883 ><E: 9=8 532 3<66/6> ;=22623>E 084@56/2:GL

O=5; E8< >8; ;8 F8 /: >2; @28@B2 D253D<B 8D 9=5; /: 86 ;=2 ;5AB2 56F ;=26 E8< >8; ;8

>2; @28@B2 56>3E 8?23 ;=2 D50; ;=5; ;=2E 532 A2/6> 4/:B2FG &8 862 B/12: A2/6> B/2F ;8G&8 862 B/12: A2/6> ;8BFC LR=C ;=/: 986H; =<3;GL %6F :8C ;=5; /: 026;35B ;8 ;=2 42::5>/6>054@5/>6 >8/6> D83953FG

#98 B5:; :B/F2:G `501 426;/862F 26FB2:: 953G #=/: /: 56 26FB2:: 953G O=5; ) B/12 ;8 F89=26 ) 0842 <@ 5>5/6:; :842 8D ;=2:2 83>56/_5;/86:C E8< :59 :842 8D ;=2 A<F>2;::842 8D ;=2:2 @28@B2 =5?2G ) B881 5; ;=2/3 ;5P 32;<36: 56F /D ;=2E >8; 5 @26:/86 @B56C56F /;H: 5 92BBKD<6F2F @26:/86 @B56C ) 1689 ;=5; ;=2:2 @28@B2 532 68; >8/6> 595EG%6F :8 @28@B2 :5EC LO2BBC /D 92 J<:; 9/6 ;=/: D/>=;GL

+<; 68C ;=2:2 @28@B2 532 /6 A<:/62:: ;8 122@ ;=/: >8/6>G ); /: 5 A<:/62::G #=2E 532 /6

;=2 @<AB/0 @8B/0E A<:/62::G #=2E 532 /6 ;=2 A<:/62:: ;8 0=56>2 B59:G %6F E8< 0=56>2B59: AE 0=56>/6> @28@B2H: A2=5?/83G S8< 0=56>2 B59: AE 0=56>/6> @28@B2H: 5;;/;<F2:C9=/0= /6 ;<36 /: D8BB892F AE B2>/:B5;83: 0=56>/6> ;=2/3 8@/6/86G '8C ;=/61 8D /; 5: 5626FB2:: 953G %6F E8< =5?2 ;8 A<F>2; D83 /;G

% D3/26F 8D 4/62C ;=2 D8<6F23 8D 5 A/> 084@56EC 95: /6 5 3884 9/;= 42 56F 92 9232;5B1/6> 9/;= 5 A<60= 8D :26/83 2P20<;/?2: 56F =2 >8; <@ 56F =2 :5/FC L) 1689 9=5; 5BBE8< ><E: 532 :5E/6>G S8<H32 :5E/6> /;H: 68; /6 ;=2 A<F>2;GL T2 :5/FC L)H?2 >8; 5:8B<;/86G *<; /; /6 ;=2 A<F>2;GL

+205<:2 >8/6> D83953F ;=5;H: 9=5; E8< >8; ;8 F8G ) 4256 ;=232 532 :842 ;=/6>: E8<

=5?2 ;8 0=56>2 E8<3 A<:/62:: 9=26 ;=2 2P;2365B 26?/386426; /: 0=56>/6> 538<6FE8<G %6F ) 9/BB ;2BB E8< 9/;= ;=2 5F?26; 8D ;=2 )6;2362;C 56F ;=26 @B<: ;=2 D50; ;=5;:842 8D ;=2:2 @28@B2 =5?2 >3896 <@I ;=2:2 532 68; 1/F: 86 ?505;/86 5; M5E;865+250= 86 :@3/6> A3251G #=2:2 532 :23/8<: @28@B2 9=8 532 @32::/6> ;=2:2 /::<2:D83953FG %6F ;=2EH?2 >8; 4862EC 56F ;=2EH?2 >8; 5>26F5:C 56F ;=2EH?2 >8; :;5DDC 56F;=2E =5?2 68 65;<35B 2624/2:G

)D E8< ;=/61 5A8<; /; ;=2:2 >38<@:C ;=2 '/2335 (B<AC 9=8 /: ;=2 65;<35B 2624E 8D ;=2'/2335 (B<AW O=8 /: ;=2 2624E 8D -3226@2502W S8< 1689 5; ;=2 :<3D502C E8< 98<BFB8?2 ;8 A2 5 >38<@ B/12 ;=5; A205<:2 2?23E862 :=8<BF A2 /6 D5?83 8D E8<C 9=8 08<BFA2 5>5/6:; E8<W #=5;H: ?23E F/DD/0<B; ;8 8?230842 56F ;=2E @B5E 86 ;=5;C 56F ;=2E

;35F2 86 ;=5;C 56F ;=5;H: 8<3 8@@83;<6/;E 56F 5B:8 8<3 0=5BB26>2G '8 /; /: 56 26FB2::953G

O2H32 /6 5 >542C ;=/61 8D /;C :842862 95: <:/6> 5 :@83;: 42;5@=83 A2D832G O2H32 /6 5>542 9/;= 68 0B801G #=2 >542 62?23 26F:G S8< 48?2 ;=2 A5BB D83953FC 45EA2 ;=2A5BB 0842: A501G +<; ;=2 >542 62?23 26F:G

gg7hd

Page 17: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 17/45

 #=2 B5:; ;=/6> ;=5; )HBB ;2BB E8<7 `501 426;/862F ;=5; ;=232 95: :842 084@56/2: 9=8=5?2 A226 :<@@83;/6> 9=5; 92H32 F8/6>C 56F 9=8 =5?2 @B2F>2F ;8 F8 :842 :;<DD /6;=2 D<;<32G *28@B2 5B95E: 5:1 42 862 V<2:;/86 5BB ;=2 ;/42C LT89 F8 ) 1689 ;=5; )986H; A2 D8<6F 8<; 5: 5 :<@@83;23 8D 9=5; E8<H32 F8/6>WL

O2 3<6 5BB 8D ;=/: :;<DD ;=38<>= 686@38D/; 83>56/_5;/86: ;=5; 532 /6:<B5;2F D384=5?/6> ;8 F/:0B8:2 F8683:G #=232 /: ;8;5B 5686E4/;EG *28@B2 F86H; 1689 9=8:<@@83;: <:G O2H?2 A226 F8/6> ;=/: D83 fh :842;=/6> E253: /6 ;=/: 32>53FG %6F ;8 ;=2F2>322 ;8 56EA8FE /: 08602362F 5A8<; ;=5; ) 9/BB ;2BB E8< ;=232 532 5BB :83;: 8D 95E:C5BB :83;: 8D D/3295BB: ;=5; =5?2 A226 2:;5AB/:=2F ;8 >2; ;=/: F862 86 56 5686E48<:X/65<F/AB2YC 56F 92 =5?2 J<:; 5 D29 4/6<;2: B2D; D83 V<2:;/86: /D E8< 956;G

%<F/2602 424A23 nf7 T/C ;=561 E8<G #=/: =5: A226 ?23E ?23E =2B@D<BG ) 95: ?23E/6;232:;2F /6 E8<3 084426;: 5A8<; 248;/86:G %6FC ) ;=/61 9=5; 92H32 8D;26 B5A2B2F5: 56 /6F<:;3E /: ;=5; 92H32 >322FEG '8C ;=2EH32 <:/6> D253 56F >322F 5>5/6:; <:G M8

;=2E 05602B 8<;W ): ;=232 5 95E ;=5; 92 056 F2D25; ;=2/3 248;/865B @B8E: 9/;= 8;=23248;/865B @B8E:W

+234567 O2BBC ) F/F6H; F/:08?23 248;/86:G RA?/8<:BE ;=2 8;=23 :/F2 <:2: ;=5; 5BB ;=2;/42G %6F /;H: 862 8D ;=2 325:86: 9=E A<:/62:: 8D;26 ;/42: D5/B: /6 ;=2/3 054@5/>6:56F ) 4256 A<:/62:: 93/; B53>2G ): ;=5; ;=2E 986H; >2; /6;8 ;=2 248;/86:G S8< 1689W+<:/62:: >2;: 5;;5012F 56F ;=26 ;=2 >38<@ 8D 084@56/2: 9/BB 0842 ;8>2;=23 9=89232 5DD20;2F AE ;=/:C 56F )H4 68; 32D233/6> ;8 E8<3 >38<@ A205<:2 #/4 =5: F862 562P02BB26; J8AG ) 4256C ) :22 A<:/62::2: 5038:: ;=2 A853FI E8< ><E: =5?2 F862 5 4<0=4<0= A2;;23 J8A >2;;/6> 26>5>2F V</01BE 56F 68; 95/;/6> <6;/B B5;2 %<><:; ;8 F8:842;=/6> =232G

+<; ;E@/05BBE 9=5; 084@56/2: F8 9/;= ;=/: 248;/865B 5;;501C 83 >322FC /D E8< 9/BBC92H32 :22/6> /; 3/>=; 689 9/;= ;=2 4/6/4<4 95>2 F2A5;2 ) 95: 32D233/6> ;8G #=2E:5EC LT89 4<0= 4862E F82: ;=2 0=5/3456 8D O5BKQ53; 4512W T89 4<0= F82: ;=20=5/3456 8D Q0M865BF: 4512W ';53A<01:W 2;0C 56F ;=2E 532 @5E/6> ;=2/3 @28@B24/6/4<4 95>2GL %6F ) <6F23:;56F ;=5;G #=2E 532 5B95E: >8/6> ;8 <:2 ;=5;G O2 =5?2;8C 92 056H; :5E ;=5; 92 056H; @B5E ;=5; 95EG #E@/05BBE 9=5; A<:/62::2: :5EC LRUC ;=2E=5?2 500<:2F <: 8D ;=/:W a2;H: >2; 56 208684/:;C 92HBB >2; 5 ]d @5>2 32@83; D384 ;=2208684/:;: ;8 :5E ;=5; 9=5; ;=2 8;=23 :/F2 /: :5E: /: 9386>GL %6F :/P 486;=: B5;23;=2EHBB @<; 8<; ;=2 32@83;G #=2 8;=23 :/F2 @<;: ;=2/3 42::5>2 8<; 86 5 A<4@23 :;/0123G%6FC 92H?2 >8; ;=2 ]d @5>2 B26>;=E 32@83; ;=5; :5E: ;=2 A<4@23 :;/0123 /: 9386>G );

F82:6H; 9831G

`<:; A205<:2 ;=2E 532 <:/6> 248;/86 F82:6H; 4256 ;=5; 92 056H; <:2 248;/86G O2J<:; =5?2 ;8 <:2 248;/86 ;=5;H: D50;<5BBE A5:2F 56F >8 5D;23 ;=24G %6F 5; ;=2 :542;/42 :5E ;=5; 9=5; ;=2EH32 ;5B1/6> 5A8<; /: /6083320;G '8C E8< F86H; >2; @3224@;2FA205<:2 :842A8FE <:2F ;=2 :542 ;50;/0 ;=5; E8< 532 >8/6> ;8 <:2G +<;C E8< F8 B2536D384 E8<3 8@@8:/;/86G $2424A23C ;=2EH32 /6 ;=2 A<:/62:: 8D F8/6> ;=/:G

Page 18: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 18/45

) 9/BB :5E ;=5; ) F/F6H; J<:; F20/F2 86 5BB 8D ;=/: 86 4E 896G ) :;<F/2F 9=5; ;=2 8;=23:/F2 F/F ;8 A2 :<002::D<B 56F ;=26 ;356:B5;2F /; /6;8 =89 A<:/62::2: 056 <:2 ;=8:2;50;/0:G

%<F/2602 424A23 nZ7 N/3:; 8D 5BBC ;=561 E8<G );H: A3/BB/56; /6 /;: :/4@B/0/;E 56F 92

5@@320/5;2 5BB 8D ;=2 =2B@ 92 056 >2;G +<; ) =5?2 ;8 5:1G

+234567 ) =5;2 ;=2:2 LA<;L V<2:;/86:G

%<F/2602 424A23 nZ7 O=8 /: D<6F/6> E8<3 2DD83;:W

+234567 M/F E8< :22 ;=5; B5:; :B/F2W

Xa5<>=;23GY

T232 /: 9=5; ) ;2BB @28@B2G T89 456E 8D E8< 1689 9=8 $50=2B Q5FF89 /:W RUG )D E8<

>8 ;8 8<3 92A:/;2G O2 =5?2 5 92A:/;2C A2345608G084C 56F /D E8< 0B/01 86 4EA/8>35@=E E8< 9/BB :22 56 /6;23?/29 ) =5F 9/;= $50=2B Q5FF89G $50=2B Q5FF89A25; 42 <@ D8<3 6/>=;: /6 5 389G S8< 1689C :=2 =5F ;=/: /6;23?/29 56F ) 95:6H; ;=232C56F :=2 :5/FC La2; 42 ;2BB E8< 5A8<; $/01 +23456GL %6F ;=2 62P; 6/>=; :=2 :5/FC LT2E32424A23 B5:; 6/>=; ) ;8BF E8< 5A8<; $/01 +23456C 92BB B2; 42 ;2BB E8< 5A8<; $/01+23456C 5>5/6G T232 /: :842 8;=23 :;<DDGL N8<3 6/>=;: /6 5 389G

'8 ) 05BB =23 <@ 56F ) :5EC LS8< J<:; 056H; F8 ;=5; 9/;=8<; >/?/6> :842862 ;=2 0=5602;8 32:@86FGL

'=2 :5E:C LN/62G )D E8< 956; ;8 32:@86F 0842 86 ;=2 :=89GL

'8 ) 926; 86 ;=2 :=89C 56F ) @<; ;=2 /6;23?/29 86 4E 92A:/;2 A205<:2 ;=/: /: 5BB :=2:5/FC LO=8 D<6F: E8<WL

%6F ) :5/F ;8 =23C L)H4 68; >8/6> ;8 ;2BB E8< 9=8 D<6F: 42G Q5EA2 &+(C E8<3 A8::08<BF A2 D<6F/6> 42G +<; /;H: 68; <@ ;8 42 ;8 :5E 9=8 D<6F: 42G )D ;=2 084@56E956;: ;8 :5E ;=5; ;=2E 532 D<6F/6> 42C 83 ;=2 084@56E 956;: ;8 ;2BB :842A8FE 2B:2C;=5;H: ;=2/3 A<:/62::G );H: 68; <@ ;8 42G O=5;H: <@ ;8 42 /: ;8 F8 /: ;8 32@83;D50;<5BBEGL

`501 :5/F ;=5; ) 95: 5 B59E23G );H: 862 8D ;=2 ;=/6>: ;=5; ) <:2 /6 4E A<:/62::C /: 4E

5?23:/86 ;8 A2/6> D8<6F 8<; 8D 451/6> :;<DD <@G ) F86H; 4512 :;<DD <@G '8C /D ) V<8;25<;=83/;5;/?2 :8<302:G ); F82:6H; 45;;23 9=8 D<6F: 42G #=2E =5?2 >/?26 42 ;=28@@83;<6/;E ;8 @32:26; 5 @8/6; 8D ?/29G %6F /D :842862 :5E:C LO2BBC ;=5;H: 68; 5B2>/;/45;2 @8/6; 8D ?/29GL ) :5EC L)D ) 0/;2 ;=2 0=5/3456 8D ;=2 M2@53;426; 8D *<AB/0T25B;= 5; T53?53F \6/?23:/;EC 56F ) @<; ;=5; /6 56 5FG ) F86H; =5?2 ;8 :5E 9=8 >5?242 ;=2 4862E D83 ;=5; 5FG #=2 V<2:;/86 /:C /: ;=2 5F 3/>=; 83 9386>WL X/65<F/AB2Y +<;9=5; @28@B2 5B95E: 956; ;8 F8 /: ;=2E 956; ;8 1689 9=8 D<6F: 42C :8 ;=5; ;=2E 056

Page 19: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 19/45

;=26 5;;501 ;=2 D<6F23G #=2E 956; ;8 :=88; ;=2 42::26>23 56F ;=2E 956; ;8 :5EC L)D;=2EH32 D<6F/6> /;C /; 4<:; A2 9386>GL

'8C ) 54 32B/>/8<: 5A8<; 68; 5BB89/6> 084@56E 6542: ;8 2?23 >2; <:2FG %; B25:; )H468; >8/6> ;8 5BB89 ;=24 ;8 >2; <:2FG %6F ) F86H; 956; 084@56/2: ;8 2?23 5F4/; ;=5;

A205<:2 /; F82: >/?2 ;=2 8;=23 :/F2 5 95E ;8 F/4/6/:= 8<3 42::5>2G

'8 /D E8< 956; ;8 1689 9=8 /: D<6F/6> <: /6 ;=/: 3884 E8<HBB =5?2 ;8 >8 538<6F 56F5:1 2?23EA8FE /6F/?/F<5BBEG

%<F/2602 424A23 ng7 -88F ;8 :22 E8< 5>5/6G -325; @32:26;5;/86G )H4 0<3/8<:C E8<;8<0=2F 86 A<F>2;/6> A<; E8< F/F6H; 325BBE >/?2 5 6<4A23 8D 9=5; +/> -3226$5F/05B: 566<5B 08:;: 8D 9=5; /; ;512: ;8 A<F>2; D83 084@56/2: ;=5; 956; ;8086;3/A<;2 ;8 ;=5; 2DD83;G

+234567 RUG '8C ;=5;H: B/12 5 V<2:;/86 8D =89 =/>= /: <@W +205<:2 E8< 056 :@26F 5 B8;

8D 4862EG a2; 42 >/?2 E8< 56 2P54@B2G O2 9232 32;5/62F ;8 F8 5 054@5/>6 /6 &29`23:2EG O2 =5F ;98 486;=: D83 ;=2 054@5/>6G O2 9232 >/?26 f 4/BB/86 F8BB53:G #=2/::<2 /: 68; /4@83;56;G O2 :;53;2F 8<; 9/;= dm @23026; F/:5@@38?5BG )6 ;98 486;=:C92 >8; F896 ;8 mh @23026; F/:5@@38?5BG '8 92 48?2F ;=2 622FB2 ]m @8/6;: 9/;= f4/BB/86 F8BB53: /6 ;98 486;=:G O2 9232 325BBE @38<F 8D 8<3:2B?2:C 2P@20; D83 ;=2 D50;;=5; 92 B8:; A205<:2 92 :;53;2F 8<; :8 A5FG dm @23026; /: 5 B86> 95E F896 ;8 >2; ;=245J83/;E 86 E8<3 :/F2G X)65<F/AB2GY

'8 ;=5;H: 9=5; f 4/BB/86 A8<>=; /6 ;98 486;=:G S8< ><E: 532 5 B8; 0B8:23 ;8 2?26G '8 )98<BF ;2BB E8< ;=5; A2;9226 689 56F ;=2 26F 8D ;=2 :2::/86C /D E8< 9/BBC &8?24A23C /DE8< ><E: 86 9=5; )H4 ;5B1/6> 5A8<; =232C ) 1689 E8<3 :@26F/6> 5 B8; 8D 4862E 86 ;=2

@8:/;/?2 :;<DDC /D E8< :@26; :8429=232 A2;9226 fKZ 4/BB/86 F8BB53: 86 2P;26F/6> ;=/:054@5/>6 /; 98<BF A2C ) ;=/61 /; 98<BF A2 5 >542K 0=56>23G

) ;=/61 fKZ 4/BB/86 F8BB53: 98<BF A2 5 >542K0=56>23G

O=5; /6F/?/F<5B 084@56/2: 086;3/A<;2C /: V</;2 D3561BEC <@ ;8 ;=24G O2H?2 =5F :/PD/><32 086;3/A<;/86: ;8 F5;2 D384 5 D29 084@56/2: /6 ;=/: 3884 ;8 =2B@ <: ;8 >2; ;89=232 92 532G +<; E8< 1689C /D @28@B2 >5?2 D/D;E ;=8<:56FC 862 =<6F32F ;=8<:56FC4832 /D ;=2E ;=8<>=; 92BB 8D /;C ;=5; 98<BF A2 <@ ;8 ;=24G O2 F86H; =5?2 5 :0=2F<B2G

) 9/BB ;2BB E8< ;=/:C 5BB 8D 8<3 4862E /: :@26; ;356:@5326;BEG )D 56E862 956;: ;8 :22

9=232 /; /: :@26;C ;=2E 056 :22 /;G j23E B/;;B2 8?23=25F D83 :842;=/6> B/12 ;=/: A205<:28602 E8< :;53; /;H: J<:; 42F/5 56F 92 F86H; =5?2 5 A/> 8?23=25F 86 A<E/6> 42F/5GO2H32 68;C E8< 1689C 862 8D ;=2 45J83 *$ D/34: X/65<F/AB2YG

%<F/2602 424A23 nk7 $/0=53FC E8<3 56;/K<6/86 5F: 9232 >325;G T89 =53F 95: /; ;8D/6F 50;83: 56F 50;32::2:C 56F D/B4 0329: ;=5; 92326H; <6/86 ;8 D/B4 ;=8:2W

Xa5<>=;23GY

Page 20: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 20/45

 +234567 #=2 ;=561: <6/86 A8::2: 862C 92 D/B42F ;=5; /6 +5;86 $8<>2C a8</:/565G#=232 532 68 <6/86: ;=232G

%6F V</;2 D3561BEC /D E8< >8 ;8 <6/86D50;:G084C (26;23 D83 \6/86 N50;:C ;=232 /: 5 B8;

8D :;<DD ;=5; 92H?2 F862 5>5/6:; <6/86:G O2 >2; 5 B8; 8D @28@B2 9=8 956; ;8 D/B4 56F;=2E 532 68; /6 ;=2 <6/86 56F ;=2E =5?2 68 @38AB24 F8/6> /;G

%<F/2602 424A23 nm7 '8 $/01C ) 325BBE B/12F E8<3 0844230/5B: 56F ;=2 95E E8<3>8/6> /: 325BBE 625;G #=2 86BE ;=/6> /: ) =5?2 5 V<2:;/86 86 /: ;=5; )H?2 :2260844230/5B: /6 ;=2 @5:; ;=5; >82: 5D;23 ;=2 X/65<F/AB2Y ;=5; ) ;=8<>=; 95: >325; A<;@8BB: ;233/ABEG T5?2 E8< @8BB2F ;=/:W M82: ;=2 @<AB/0 B/12 ;=/:W '8 /: /; 26=560/6> ;=2F/320;/86 92H32 >8/6>W R3 /; 08<BF A2 =<3;/6> :842 8D ;=2 F/320;/86 9/;= 9=232 92532 =25F/6> 9/;= 8<3 8;=23 054@5/>6:G #=5;H: 1/6F 8D 4E V<2:;/86G

+234567 $/>=;G S8< 1689C ;=2 56:923 /: HE2:H 56F H68HG )D E8< F8 @8BB/6>C 9=5; 92 9/BB

;26F ;8 F8 /: @8BB 86 ;=2 )6;2362;G )D E8< F8 5 D80<: >38<@C ;=2 @38AB24 9/;= D80<:>38<@: /: ;=5;C V</;2 D3561BEC ;=2 >38<@ /: ;88 :45BBG %6F D80<: >38<@: 532 <:<5BBE 5V<5B/;5;/?2 /::<2 9=232 E8<H32 ;3E/6> ;8 >2; /6D8345;/86 5A8<; @28@B2C :=8<BF 92 :5E/; ;=/: 95E 83 :5E /; ;=5; 95EC 2;0GW

#=2 @8BB/6> ;=5; 92 F8 86 ;=2 )6;2362; /: ;=2 V<56;/;5;/?2 @8BB/6> ;=5; /: >26235BBE>88FC A<; ) 9/BB ;2BB E8< ;=/:C /6 56 /::<2 B/12 ;=/: 9=232 E8<H32 :;53;/6> 8<; 9=232;=232 /: 5 32B5;/?2BE @8B53/_2F ;=/6>C @28@B2 =253 ;=2 983F L;3501/6>L 56F ;=2E5B325FE F86H; 2?26 B/12 /;G ) 1689 92 056H; F8 56E;=/6> 5A8<; /; 3/>=; 689G +<;:2456;/0: 532 ?23E /4@83;56; /6 ;=2:2 F2A5;2:G O2 =5?2 /6 :842 054@5/>6: 50;<5BBE0=56>2F ;=2 ;234: 8D ;=2 F2A5;2 A205<:2 J<:; 0=56>/6> ;=2 ;234 0=56>2: @28@B2:H

3250;/86 ;8 /;G

%6F ) 056 ;2BB E8< ;=5; D83 ;=2 48:; @53; 92 F86H; >2; 56E862 5>5/6:; <: 9=26 92 F89=5; 92 F8C <6B2:: @28@B2 5B325FE F/:B/12 <:G O2H32 5B95E: 5/4/6> D83 ;=2 4/FFB256F 86 @8BB/6>C 9=232 92 :22C L) 0532L 83 L) F86H; 0532L 83 L)H4 :8429=232 /6 ;=24/FFB2GL

O2H32 5B95E: 5/4/6> 9/;= 8<3 42::5>2: D83 ;=2 @28@B2 /6 ;=2 4/FFB2G ) F86H; ;3E ;85@@25B ;8 ;=2 @28@B2 9=8 5B325FE A2B/2?2 /6 <:G %6F ) F86H ;3E 56F 086?/602 @28@B29=8 532 62?23 >8/6> ;8 5>322 9/;= 42C :8 )H4 5B95E: @B5E/6> ;=2 4/FFB2G

%6F D83 ;=5;C ;=2 5620F8;5B 32:<B;: 5: 92BB 5: ;=2 @8BB/6> 32:<B;: :<@@83; 9=5; 92 F8G&89C ) 9/BB 5B:8 ;2BB E8< ;=5; ;=5; 92 =5?2 @<; 5F: 8<; ;=5; F86H; 9831G %6F 9=26;=2E F86H; 9831C ) @<BB ;=24G R62 8D ;=2 95E: E8< 056 ;2BB /D ;=2E 532 68; 9831/6> /:C/;H: 325BBE 5>5/6:; 5620F8;5BC /: 9=5; 1/6F 8D 45/B F8 E8< >2; A501W %6F 92 B881 D3849=232 /;H: >8/6> D384C 9=5;H: ;=2 )* 5FF32:: /;H: 084/6> D384G %6F 9=5; 532 @28@B2:5E/6>W

Page 21: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 21/45

%6F ) 056 ;2BB E8< D83 ;=2 48:; @53;C 9=26 8<3 :;<DD /: 9831/6> /;: ?23E ?/35B 56F@28@B2 532 @5::/6> /; 5B86>G *28@B2C 9=8 F86H; B/12 :842;=/6>C F86H; @5:: /; 86 ;88;=23 @28@B2G #=2E J<:; F86H; B/12 /; 56F :26F E8< 5 65:;E 68;2G

'8 E8< 1689 ;=5; B59E23: /6 05>2: 5FC 9=26 ) :22 Z 4/BB/86 @28@B2 @5::/6> /; 5B86>C

92 @<; 8<; :842;=/6> ;=2 8;=23 F5EC N3/F5E 6/>=;C 56F /;H: 5B325FE 86 ;=2 )6;2362;56F /;H: 5B325FE @38A5ABE 0B8:2 ;8 5 ;=8<:56F ?/29:C ) 1689 @28@B2 532 @5::/6> /;5B86>G #=5;H: 5: >88F 5 425:<32 5: 56E;=/6> ;=2:2 F5E:G

%<F/2602 424A23 nd7 '8C >2;;/6> ;8 E8<3 Na%-' :B/F2 ;=232G O=5; 5A8<; ;=2 H-H /6;=5;W T89 98<BF ;=5; @B5E /6 (8B835F8W +205<:2 ) 4256 92H32 ;3E/6> ;8 4512 ;=2@8/6; E8< ;512 D3501/6> 595EC E8<H?2 ;5126 khh ;8 mhh 4/BB/86 F8BB53: 595E D384:0=88B:G ): ;=5; :842;=/6> ;=5; 4/>=; A2 B8812F 5;W R3C E8<H32 J<:; :;/01/6> ;8 D25356F 56>23W

+234567 '8 ;=5; 98<BF 4512 @28@B2 D253D<BC ;=5; ;=2 :0=88B: :E:;24 95: >8/6> ;8 A2

F/4/6/:=2FG #=2 >322F ;=/6>C ;=2 248;/865B >322F ;=/6> /: ;=5; /D :842A8FE ;=/61:C L)08<BF 9/6 ;=2 B8;;23EGL %6F :8C )H4 >8/6> ;8 4512 5 B8; 8D 4862E 8DD 8D ;=/: ;=/6>G#=5;H: 9=26 @28@B2 9/BB <:2 >322F ;8 50;<5BBE 956; ;8 >2; :842862 /6?2:;2F /6 9=5;;=2E 532 ;5B1/6> 5A8<;G '2BB/6> :842;=/6> ;8 :842A8FE A205<:2 ;=232 /: :842;=/6> /6/; D83 ;=24G +<;C /6 ;=/: 05:2 /;H: 1/6F 8D DB/@@2FG

+234567 '8C )HBB ;2BB E8< 862 B5:; :;83E A205<:2 E8<H?2 A226 5 >88F 5<F/2602G

+<;C /;H: 5B48:; 68; 5@@38@3/5;2 D83 ;=/: >38<@C A<; /6 :842 95E: /; /:G );H: 5 :;83E5A8<; 5 ><E 9=8 /: B2536/6> =89 ;8 @B5E >8BDG %6F =2 =5: ;5126 /; 86 B5;2 /6 B/D2C =2H:68; ?23E >88F 9/;= /; 56F =2 /: 5 B/;;B2 <60883F/65;2FC 56F ;=2 @38 ;=5; /: ;3E/6> ;8

;250= =/4 /: >2;;/6> ?23E <@:2; ;=5; ;=/: ><E J<:; 056H; =/; ;=2 A5BB F2026;BEG

%6F =2 D/65BBE :5E: ;8 ;=2 ><EC La881C )H?2 ;5<>=; E8< 2?23E;=/6> ) 056 @8::/ABE ;250=E8<G Q5EA2 E8< 532 J<:; 623?8<: ;3E/6> ;8 @B5E /6 D386; 8D 42G T2 :5/FC L>8 8<; 86 ;=208<3:2 AE E8<3:2BD 56F :22 /D ;=5; 5BB2?/5;2: 56E @32::<32 56F E8< F8 A2;;23GL '8 =2>82: 8<;C @<;: ;=2 A5BB 86 ;=2 ;22C =/;: ;=2 A5BB F896 ;=2 D5/395EG N/3:; :=8;G T/;: /;A25<;/D<BBEG \6D83;<65;2BEC ;=5; D/3:; :=8; 38BB: /6;8 5 :56F ;35@G %6F 9=26 =2 >2;: ;8;=2 :56F ;35@ =2 68;/02: ;=5; ;=2 A5BB 68; 86BE =/; ;=2 :56F ;35@C A<; J<:; 38BB2F 508<@B2 8D /60=2: 86 ;8@ 8D ;=/: ;/6E B/;;B2 56;=/BB /6 ;=2 :56F ;35@G

%6F :8 =2 /: 5 B/;;B2 F/:><:;2F ;=5; ;=5;H: ;=2 32:<B; 8D =/: D/3:; :=8;C A<; =2 @<BB: 8<;

;=2 @38@23 0B<AC =2 @8:/;/86: =/: D22; @38@23BEC =2 ;512: =/: :9/6>G '9/6>: ;=38<>=;=2 5/3C :56F 56F 56;: 532 DBE/6> 2?23E @B502G

O=26 ;=2 F<:; 0B253: ;=2 A5BB /: :/;;/6> ;=232C <648?2FG '8 689 86 ;8@ 8D 2?23E;=/6>2B:2C =2 /: D3<:;35;2FG */01: <@ ;=2 0B<A 5>5/6C =2 >82: ;=38<>= ;=2 426;5B 0=201B/:;CA3/6>: ;=2 0B<A A501C :B/02: ;=38<>= ;=2 5/3G '56F 56F 56;: /6 2?23E F/320;/86G %6F ;=2A5BB :/;: ;=232 48;/86B2::G

Page 22: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 22/45

%6F /;H: 5A8<; ;=5; ;/42 ;=5; 862 56; /: 8?23=253F :5E/6> ;8 568;=23C LS8< 1689 /D92H32 >8/6> ;8 :<3?/?2 ;=/: 83F25BC ) ;=/61 92 8<>=; ;8 >2; 86 ;=2 A5BBGL

#=561 E8<G X%@@B5<:2GY

T8:;7 $/01C 92 5@@320/5;2 E8< 084/6> 56F :=53/6> ;=/: 9/;= <:G )6 =8683 8D 8<35@@320/5;/86C 92 =8@2 E8< 26J8E ;=5;G

+234567 ): /; 5 056 8D >5:C 83 5/3C 83 8/BW

T8:;7 );H: :5D2G a2;H: :=89 $/01 8<3 5@@320/5;/86 5>5/6G ) ;=838<>=BE 26J8E2F ;=/:G '8/;H: :;35/>=;K<@ ;26 8H0B801G O2 0842 A501 =232 5; ]h7ZhC :8 92HBB =5?2 8<3 @562BF/:0<::/86 56F :8 :;/01 538<6FC 56F ) =8@2 E8< 26J8E2F /;G

"#$%&'($)*# ,&M'.

Page 23: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 23/45

 

The Broadmoor Hotel and Resort

1 Lake Avenue

Colorado Springs, Colorado 80906

'A1"£'I~---.'I   1\I   D,...... ~ I. I:on&   &'U J:

ALLIANCE

Page 24: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 24/45

11:30am: Closing Remarks

12:00pm: Closing Luncheon

W est  Lawn

 A GENDA 

MONDAY, JUNE 23, 2014

9:00am - 4:00pm: Golf Outing

B ro a dmo o r \Vesl Course 

2:00pm - 5:00pm: Registration Desk Open

C olorad o   H all (behind t he   Gold en   Beel

5:00pm -   9:00pm:   Opening Reception

 M ount ain   V iew   T errace

TUESDAY, JUNE 24, 2014

7:30am -   5:00pm: Registration Desk Open

8:30am - 9:00am: Opening Remarks/Welcome

9:00am -10:00am: Membership   &   Board Meeting

10;OOam-10:30am: BREAK

10:30am -11:30am: Advocacy Update

11:30am -12:30pm: Social Media Workshop

presented by Jay Natoli,   Gallatin Public Affairs

12:30pm -1:30pm:   Family Lunch

 Lak eside T errace

1:30pm - 2:30pm: Protecting Species or Land Grab? How to   Ensure Science-Based ESA Decisions

 julie   McDonald, Center   f or Environmental   Science, Accuracy   Sr   Reliability (CESAR)

2:30pm -   2:45pm:   BREAK

2:45pm -   3:45pm: International Security and the Oilfield

Jim   Davis, Ascent   Risk   Solutions,   f ormer   Chief  of   Public   Saf ety, State   of  Colorado

3:45pm -   4:00pm: BREAK

4:00 -   4:45pm: Colorado Ballot   Initiatives   &  Polling Update

5:00pm:  Shuttles to Dinner at the Cheyenne Mountain Lodge

Shuttles   will d e part   from   rhe S out h   building at the Broad moor

WEDNESDAY,   JUNE   25, 2014

7:15am -   9:00am: Registration Desk Open

8:30am -   9:00am: 2014 Membership Awards and Recognition

9:00am -10:00am: Big Green Radicals: Exposing Environmental Groups Rick  B erman,   Berman   &  C ompan y

10:00am -10:30am: BREAK

10:30am -11:30am: TBD

1:00PM -   4:00pm: Golf Outing

 Broadmoor   East   C ourse

2

Page 25: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 25/45

--2014 Annual Meeting   Speaker Biographies

Rick Berman

Berman   &   Company

In   1987,   Rick Berman founded Berman and Company,   a full-service   research and communications firm.   Prior to that

Rick was   employed   as an   Executive Vice President   for Pillsbury,   labor attorney for Bethlehem Steel  and The Dana

Corporation, as well as Director of  Labor Law for the   u.s.   Chamber of Commerce.

Berman  and Company   consistently excels in   getting its   clients'   and donor messages placed before the public through

aggressive media   outreach.   Berman   and   Company spokespeople regularly appear on television   and radio programs

and place   over   250 Opinion   Editorials   in major newspapers   every  year.   Rick and his firm have  been extensively

profiled   f or their   work   in  a variety of media outlets including   CNBC, CNN, 60   Minutes,   the Colbert   Report, Rachel

Maddow,   TIME, the Chicago   Tribune,   The   Ne w   York Times,   The  Washington   Post,   and USA Today.

Berman and Company   takes   a creative approach   to advocacy   and is frequently   honored f or its unique style. Issue

advocacy   through   paid media,   internet,   TV,   radio,   and street theater have earned   Berman   over   100 national awards

for creative messaging.   Millions of people access Berman-created websites annually   These sites   raise awareness and

"Change   the Debate"   regarding radical   environmental groups, animal liberation activists,   labor   unions, education

reforms,   individual property   rights, as well as a wide range of consumer   freedom issues.

A native   of  New York City, Berman is a graduate of Transylvania College in Lexington,   Kentucky, and earned his Juris

Doctorate from  the   law school   at the   College of William and Mary in Williamsburg,   Virginia.   He   is  admitted   to  prac-

tice in Virginia   and   the   District of   Columbia.

Jim Davis

Ascent Risk Solutions, former Chief of Public Safety. State of Colorado

Jim   is the founder   and   chief executive of ficer   of  Ascent Risk Solutions, LLC, a Denver-based security and risk   man-

agement   consulting firm   specializing   in the unique   needs   of the   oil and   gas industry.   Prior   to starting   his consulting

practice,   Jim served as a member of Colorado Governor John Hickenlooper's Cabinet   as Executive Director   of the

Colorado   Department   of Public Safety (CDPS)   and Homeland Security   Advisor   to the Governor.   In that capacity, Jim

led a department of over   1,600 employees and   was  responsible f or   the   safety and   security of those who   live and

play  in   Colorado   through direct leadership   and   oversight   of the   Colorado Bureau of Investigation,   the   Colorado State

Patrol,   the   Division  of Criminal   Justice,   the   Division   of  Homeland Security   and Emergency   Management,   the   Division

of Fire Prevention   and   Control   and   the   Colorado School   Saf ety Resource   Center.

Under Jim's   leadership,   the  state   successfully   integrated   homeland   security, emergency   management and wild   land

firefighting  into CDPS. This new structure   resulted i n more   coordinated and   eff ective responses   to  emergencies   such

as the   High   Park,   Waldo   Canyon,   Royal Gorge   and Black Forest   fires, as well as last   September's   Oooding.   Further,   Jim

oversaw the return   of  Port   of Entry to the Colorado State   Patrol,   aff ording more efficient   motor carrier   safety  inspec-

tions,   improving   traffic safety   and   reducing   wear and tear to the   state's highways.

Bef ore working   f or Governor Hickenlooper,   Jim had   retired   after   serving almost 26   years   in  the  FBI. His last as-

signment was as Special  Agent in   Charge of the   Denver division of the FBI and was responsible   f or all investigative,

intelligence   and administrative operations for the FBI in Colorado and Wyoming. His career highlights included

overseeing   the investigation   and disruption   of an  al-Qaeda terrorist plot   led by Na jibullah Zazi in 2009, serving as the

senior   f ederal law enf orcement   official  for  the 2008   Democratic   National   Convention,   directing a four  year  undercover

5

Page 26: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 26/45

11

Attendee List by Company

AboutTalent

Greg Krueger

(303) 564-9097

gkrueger@abouttalentcom

Arthur   J. Gallagher Risk Management Services,lnc.

Derek Heys

(303)889-2516

derek_heys@a jg.com

AboutTalent

leigh Vadas

(303) 564-9097

Ivadas@abouttalentcom

Baker Hostetler LLP

AI Chidester

(303)764-4091

[email protected]

Adam James   International

Kurt Colehower

(303)785-7912

[email protected]

Baker Hostetler LLP

Dominic  Lloyd

(303)764-4101

[email protected]

Amegy Bank

Ronnie Causey

(720)947-7426

ronnie.c [email protected]

Banko Petroleum Management, Inc.

Dave Banko

(303)489-7100

[email protected]

Amegy BankKevin Donaldson

(720)947-7410

[email protected]

S pouse/ C om p anion:   E lizabeth  D o nal dson 

Basic Energy Services

Doug Rogers

(817)334-4115

[email protected]

S pouse/ C omp a ni o n:  S usan  R ogers 

Amegy Bank

Steve Kennedy

(713)235-8870

[email protected]

Beatty  & Wozniak, P.C.

Bret Sumner

(303)407 -4499

[email protected]

AmegyBank

Charles Troeger

(720)947-7416c [email protected]

Bjork Lindley Little PC

Robert Mathes

(303)892-1400rmathes@b jorklindley.com

American Energy Alliance

Angela   Haubert

(303)396-7799

[email protected]

Bjork   Lindley Little PC

Kathleen Schroder

(303)892-1400

[email protected]

American Oil  &  Gas Reporter

Bill Campbell

(316)788-6271

[email protected]

Bonanza Creek Energy, lnc.

Kerry McCowen

(720)440-6100

[email protected]

Spous e / C ompani o n:   D eb  M c Co wen 

Anadarko Petroleum CorporationBrad Miller

(720)929-6421

[email protected]

S pouse/ C ompanion:  J an e t Mill e r 

BP America

Cindy Delancey

(307)630-2557

Cindy.Delane [email protected]

Anadarko Petroleum Corporation

Murph   Shelby

(720)929-4310

[email protected]

Breck Energy Corp

Stephen Barnes

(303)295-1906

[email protected]

Spous e / C om pa nion : De b b ie  Ba rns 

Page 27: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 27/45

Chemco. Inc,

Morgan   Neher

1303)771-7777

morga [email protected]

Attendee List by Company

12

Cherry Creek  Insurance

Jeffrey   Parent

(120)330-7918

 [email protected]

Chesapeake Energy Corporation

Kelsey  Campbell

(120)325-3074

[email protected]

Chesapeake Energy Corporation

Brian   Macke

1303)704-0135

Srian.ma [email protected]

Colorado Oil   and Gas Association ICOGA)

Sarah Landry

1303)861-0362

[email protected]

Column   Commercial   Partners

Matt Brower

1303)407-8800

[email protected]

UNIQUE.   BY DESIGN.

Burns   &  McDonnell

Sill Shearer

1303)349-6777

9eorg [email protected]

Calfrac Well Services Corp

Dale   Larsen

1303)293-2931

[email protected]

Cassidy Turley Colorado

Ted Harris

1303)312-4246

[email protected]

Catamount Constructors, Inc.

Brian Mulnix

1303)679-0087

[email protected]

Chemco,  Inc.

Graydon Neher

1303)771-7777

[email protected]

Spouse/ Co m pa ni o n: M a y e rle Neher 

Chemco, Inc.

Mayerle Neher

1303)771-7777

[email protected]

Spous e / Co m p anion:   G r a y d on Neher 

Our purpose - Energizing   the World,   Bettering

People's   l.ives"   - is   the   foundation of our

commitment to   safe, responsible operations,

Extraordinary performance is about more

than   operational excellence -   it's about

leadership, relationships and   innovation.

Working   together,   Colorado can   have the

energy we need, the   economy we wantand   the environment we value,

n~ noble• \,:;   energy

nobl

Page 28: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 28/45

Attendee List by Company

Comerica Bank

Caroline McClurg

(303) 294-3351

cmmcc [email protected]

Corpac Steel

Tyler Hout

(303) 999-9451

[email protected]

Craig Energy

Patty Jacobs

(720)  259-2463

[email protected]

Craig Energy

Danny Jimenez

(303) 551-3594

danny.jimen [email protected]

Spous e/ Companion: Margarita Bravo 

Craig Energy

Julie  Villalobos

1720) 259-2458

 j ulie.viii [email protected]

Spouse / Companion: Jeff V i llalobos 

CRED

Paul Phillips

(503) 685-9400

[email protected]

Spouse / Compan i on: Nancy Ph i ll i ps 

Crescent Point Energy US Corp.

Cameron Cuch

(303) 382-6762

c cu c [email protected]

Dan Larson Communications LlC

Daniel Larson

(303) 585-1122

[email protected]

Devon Energy Corporation

Dru Bower-Moore

(307) 347-4477

Dru.Bower·[email protected]

Dupre Energy Services, LLC

Cornelius   Dupre

(713) 231-9002

 [email protected]

Spouse / Companion: Celia Dupre 

Capital to help you transform your goals

into reality

We'll work with you to provide capital and industry

expertise. With specialists dedicated to the oil and gas

industry,   the Wells   Fargo   Energy Group can provide

the   financing you need   to   turn your goals   into   reality.

As one of the largest capital providers to the energy

industry and with more   than 30   years of experience,

we can help your business grow. To find out   more,contact us today:

Rich Gan   . Managing   Director

303-863-6293   • [email protected]

wellsfargo.com©  2014 Wells   f argo Bank

All rights   reserved. Member FDIC.

WCS-1197930

.AIIJi.   ,~ether we'll go far

~~ 

13

Page 29: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 29/45

Attendee List by Company

EnCana Oil  &  Gas (USA) Inc.

Lem Smith

(720) 876-5153

[email protected]

EOGResources

Eric Dille

(303) 824-5542

[email protected]

Enduring Resources,llC

Barth Whitham

(303) 573-1222

bwhitha [email protected]

Spou s e/ C ompanion :   M a ure e n Whi t h a m 

ESClab Sciences

Johnny   Mitchell

(615) 944-9517

 jmitc he [email protected]

Enseco

Kathryn Beiland

(303) 746-2811

[email protected]

Spou se/C o mpa n i on: K ev in  Be ilan d 

Eurofins Lancaster Laboratories   Environmental Inc.

Kevin   Moran

(717) 656-2300

[email protected]

Eurofins Lancaster Laboratories   Environmental   Inc.

Cassie Pelto

(970) 232-3336

cass and [email protected]

Ensign Energy Services

Greg Burton

(303) 292-1206

greg. burto [email protected]

Spouse/ C ompanion:   Ami e J aco bs - B urto n 

Fifth Third   Bank

Jonathan Lee

(303) 218-2419

 [email protected]

S pouse / C ompani o n:   K riste n Lee 

Ensign Energy Services

Jerry   Cerkovnik

(303) 292-1206

 jerry. [email protected]

Spo u se / Co mpa n ion: San dy Ce ko v ni k 

14

Page 30: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 30/45

Attendee List by Company

First Western Trust  Bank

Lou Clinton

(303)531-8106

[email protected]

Halliburton

Randy Yeager

(303)899-4774

randy.yea [email protected]

S p o u se / Co m pa ni o n: M e l od y   Yea g er 

First Western Trust Bank

Vera Divenyi

(303)531-8106Vera.0 [email protected]

Hart Energy Publishing

Shelley   Lamb(713)260-6430

[email protected]

Gallatin Public Affairs

Jay Natoli

(503) 220-0780

J [email protected]

Hart Energy Publishing

Eric Roth

(713)260-6400

[email protected]

Global Infrastructure Partners

Thomas Price

(720)685-6115

to m.pri [email protected]

Harvey E.Yates Company

Trent Green

(575)317-1740

[email protected]

S pouse / Co mpa n ion:    C a t h r ine   G ree n GMT Exploration Company llCWhitney   Lancaster

(303)586-9289

[email protected]

Hein   &  Associates llP

Patrick Hanley

(303)298-9600

[email protected] Exploration Company llC

William Lancaster

(720) 946-3028

[email protected]

S pouse/ C ompanion:   Laura  La n caster 

Hein  & Associates   llP

Tracy  Pharis

(303)298-9600

[email protected]

GMT Exploration Company llC

Marissa Walters

(303)586-9275mwa [email protected]

Holsinger law, llC

Kent Holsinger(303)722-2828

kh0 Ising [email protected]

GoFrac,llC

Lindsey Leins

(817)996-2933

[email protected]

i 2 Construction

Clint Schmitz

(303)877-9266

[email protected]

Golder Associates Inc,

Tekla Taylor

(713)703-9573

[email protected]

IMA,lnc.

Jason   Buehler

(303)615-7472

 ja [email protected]

Spouse/Comp a nion:   M in d y Buehler Granite   Construction Company

Joe Spink

(801) 526-6146

 [email protected]

15

Halliburton

Bobby Plowman

(303)899-4685

[email protected]

S p ouse/ C ompanion:   C harlene   P l o w man 

Independent Petroleum   Association of America (lPAA)

Cortney  Hazen

(202)427-2533

[email protected]

INTl FCStone

John Murphy

816.729.5222

[email protected]

Page 31: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 31/45

Attendee List by Company

Jacam Chemical Company

Brian Fakharzadeh(303)931-2135

brian.fa kharzadeh@ jacam.com

S pous e / C ompanion :   Su sa n  Fa k har z ad e h 

Jackson Kelly PllC

Robert Comer(303)390-0018

[email protected]

Jones lang laSalie Americas,  Inc.

lindsay   Brown(303)390-5215

[email protected]

Juneau Energy llC   I  Juneau Exploration lP

Ryan Parsley(303)951-1111;

[email protected]

J-W Energy Company

Shayla Martin(720)385-3033

smartin@ jwenergy.com

Kleinfelder

Derek Bowman

(303)781-8211

[email protected]

Kleinfelder

Jeff Ryan(303)781-8211

 j [email protected]

Kodiak Oil &  Gas

Michael Murray

(303)592-8032

[email protected]

Sp o use / C o mpanion:   D awn  M urr a y 

lathrop & Gage l.C.

Jack Merritts

(303)931-3217

 [email protected]

S pouse/Comp a ni o n : T ori Me rritt s 

liberty Oilfield Services

Marc   Fisher

(281) 851-5945

[email protected]

Sp o use/Comp a nio n: K a th l ee n   F i s h e r 

Newfield by the Numbers

Investing in the State of Utah

.'....••••••••

 

With a history in Utah that spans eight years,

Newfield Exploration continues to grow, build and share.

As  Utah's largest oil producer, we're investing not only in

the state's economy and jobs,  but also in our communities

and environment. Our investments to-date total more

than   $2.5 billion with another   $18 million in state royalty

and severance taxes and $8 million in sales and ad valorem

taxes to Uintah and Duchesne Counties annually. We are

privileged to employ a talented team who care about the

community   where they  live and work,  From our involvement

in the Utah STEPSprograms,  focused on health,  safety and

environment,   to our support of causes from  conservation to

foods banks,  Newfield never loses sight  of giving back.

We are proud to  call Utah home,

www.newfield.com

16

NEWFIELD

--

Page 32: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 32/45

Noble Energy Inc.

Bob Leo

1303)228-4028

[email protected]

Ouad Knopf Inc.

Martina Pernicano

1559)733-0440

Martina [email protected]  \ 

Attendee List by Company

linn Energy

Kym Olson

1713)289-9827

kol [email protected]

Noble Energy Inc.

Robert Veldman

1720)587-2187

[email protected]

linn Energy

Jim Standley

1713)289-9827

[email protected]

POCEnergy, lnc,

George   Courcier

1303)860-5804

9eorge.c [email protected]

Sp o u s e / Co m pa ni on :   Oy ana  Fraz i er Cour c ie r 

Mesa Energy Partners

James   Schroeder

1303)951-0483

isc hroed [email protected]

S po u se/ Comp a n ion:   Al the a   S c hroed er 

PDC Energy, Inc.

Adell Heneghan

1303)831-3973

[email protected]

National Fuel Corporation

Diane Thompson

1303)996-6775

[email protected]

POCEnergy, Inc.

Celesta   Miracle

1303)831-3928

[email protected]

Newalta Environmental

Dewitt Dees

1713)253-2393

[email protected]

Pioneer   Natural   Resources

Betty   Brownson

1303)298-8100

[email protected]

Newfield Exploration Company

Andrew   Bremner

1303)383-4117

[email protected]

Pioneer Natural Resources

Jennifer   Webster

1303)675-2603

 [email protected]

Newfield Exploration Company

Daryll Howard

1303)383-4172dhowa [email protected]

S pous e / C om p anion : Lor e n  H ow a rd 

OEP Resources, Inc.

Brent   Rockwood

1303)[email protected]

Newfield Exploration Company

Bruce   Stallsworth

1303)383-4112

[email protected]

OEP Resources, Inc.

Shane Schulz

307-214-8698

[email protected]

Noble   Energy  Inc.

Tripp  Kerr

1303)228-4200

[email protected]

OEP Resources, lnc.

lynn Welker

1303)308-3623

[email protected]

17

Page 33: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 33/45

Attendee List by Company

Resolute Energy Corporation

Jim Piccone

(303)534-4600

 [email protected]

Sanjel (USA) Inc.

Brent Allen

(303)893-6866

[email protected]

Robert  l. Bayless, Producer lLC

Robert Bayless, Jr.(303)296-9900

[email protected]

Savills Studley

Jim McGrath(303)217-2601

 j [email protected]

RockPile Energy Services

Kimberly Croll

(303)825-9179

[email protected]

Schlumberger

Mike Brunstein

(303)486-3200

[email protected]

Spo u se / C ompanion:   C in d y  B r u nst ein 

RockPile Energy Services

James   Evans

(303)825-8170

 [email protected]

SM Energy

Patty Errico

(303)830-5052

[email protected]

RockPile Energy Services

Howard Rough

(303)825-8170

[email protected]

SM Energy

Jay  Ottoson

(303)861-8140

 [email protected]

Saga Petroleum

Chuck Farmer

(303)996-7766

[email protected]

Spouse / Co mp a ni o n:   D an a F armer 

Strad Energy Services

Kathryn  Hansen

(720)292-2200

[email protected]

S pou se / C om pa nion: Nick   H an s e n 

Saga Petroleum

Peter Mueller

(303)996-7766

[email protected]

The Oil  &  Gas Asset Clearinghouse

John Klee(303) 263-1946

 [email protected]

Sp o u s e / C om pa ni o n : P am  Kl e e Saga Petroleum

Harry Pritchett

(303)996-7766

hPritch [email protected]

Thomas J. Sisk and CompanY,lnc.

Trevor Gilstrap

(303)831-7100

[email protected] Resources

Tom Clayson

(307) 265-3237

[email protected]

Tracker Resource Development

Jeff   Vaughan

(303)534-9513   / 

 jeffv@tracker-resources'.com

S p o use / Companion : G i ~ a V a u gh a n 

Trihydro Corporation

Trisha Fanning

(303)503-7539

tta [email protected]

Samson Resources

Heather Smith

(303) 222-9777

[email protected]

Samuel Gary Jr.  &  Associates

Lonnie Brock

(720)746-5041

[email protected]

18

Page 34: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 34/45

Attendee List by Company

Trihydro Corporation

Kurt Schweigert

1303)679-3143

[email protected]

Upstream Petroleum Management,   Inc,

Kimberly Rodell

1303)942-0506

[email protected]

u.s. Bank

Bruce Hernandez

1303)585-4117

bruce.herna [email protected]

Spouse / Companion: TammyHernande z 

Vaughey &  Vaughey

David Milholm

1918)629-3867

[email protected]

UBS Financial Services,   Inc.

Daniel Green

1303)267-3050

danieI.l.gre [email protected]

Vaughey & Vaughey

John Vaughey

1918)629-3867

 [email protected]

Welborn Sullivan Meek   & Tooley, P.C.

Steve Sain

1303)830-2500

[email protected]

Ultra Petroleum,   Inc.

Staci Gordon

1303)645-9846

[email protected]

Spouse / Compan i on: M ik e He/ wi g    Welborn Sullivan Meck   & Tooley, P.C.Rebecca Watson

1303)376-4463

[email protected]

Ultra Petroleum, Inc.

Mike   Helwig

1303)645-9846

sgord [email protected]

Spouse / Companion: Ste e l Gordon 

AWHITING

"

19

Page 35: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 35/45

Attendee List by Company

Wells   Fargo Bank, N.A.

Rich Gan

(303) 863-6293

[email protected]

S p o u se / Co m pa nion:   Sa ra h G an 

Wells Fargo Bank, N.A.

Tim Green

(303) 863-6765

[email protected]

Western Energy Alliance

Susan Fakharzadeh

(303) 623-0987

[email protected]

S pouse/ Com panion:   B ri a n  Fa k ha rz adeh 

Western Energy Alliance

Aa ron Johnson

(303) 623-0987

a jo [email protected]

S pous e / C omp a nion : La ur a Jo hnson 

We work with the past,

in the present ,

 for your future.

Cultural Resource Consulting· Planning

Archaeology' History

Ethnography/Native American Issues

COLORADO:   Tom Lennon   -   President3034491151

[email protected]

NEW MEXICO:   Chuck Wheeler   -   Vice President505.326.7420

[email protected]

NEVADA:   Ed Stoner   -   Reqional Manager775.358.9003

ed.sloner@wcrminc_com

NEVADA:   Mark Demuth   -   Principal Environmental   Planner775.3589003

[email protected]

ARIZONA:   Chuck Wheeler   - Vice President480423.6837

[email protected]

www.wcrmmc.com

20

Western Energy Alliance

Gina Mateo

(303) 623-0987

[email protected]

Sp o u s e/Companion:   Al e x Ma te o 

Western Energy Alliance

Brian Meinhart

(303) 623-0987

[email protected]

Sp ous e / C ompanion : C hari ty Me in h art 

Western Energy Alliance

Ursula Rick

(303) 623-0987

uri [email protected]

Western Energy Alliance

Kathleen Sgamma

(303)623-0987

[email protected]

Western Energy Alliance

Tim Wigley

(303) 623-0987

[email protected]

Western Energy Alliance

Wendy Wollert

(303) 623-0987

[email protected]

Whiting Petroleum Corporation

Jack Ekstrom(303) 390-4251

 [email protected]

Sp ouse/ C ompanion:   D ian e E k stro m 

Whiting Petroleum Corporation

Sam Knaizer

(303) 390-1351

[email protected]

Wold Oil Properties,   Inc.

Kathie  Hoogendyk

(720) 880-2354

[email protected]

XTO Energy Inc,

Fernando   Blackgoat

(505) 930-7010

fern ando_bl [email protected]

S pouse/ C om pan i on: Lena  B lac kgo at 

Page 36: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 36/45

SPECIAL THANKS TO OUR INDUSTRY PARTNER MEMBER:

~lAPDC

"'ENERGY

'?;;;;,lIEi1!!!&~.JI , SPECIAL THANKS TO OUR SUSTAINING MEMBERS:

Anadarko Petroleum Corporation, Devon Energy Corporation, Encana Oil   &   Gas (USA) Inc.,

Halliburton, Newfield Exploration Company, Noble Energy Inc" Pioneer Natural Resources,

OEP Resources, Inc" SM Energy, Whiting Petroleum Corporation

; J   ",Of;   'i >,;",,~.';;;x;'o';Zi',   SPECIAL THANKS TO OUR BLACK GOLD MEMBERS:

Bill Barrett Corporation, Black Hills Exploration and Production, Inc" BP America, Enerplus Resources (USA) Corporation

Ensign Energy Services, EOGResources, Fidelity Exploration   &   Production Company, IMA, Inc., Merit Energy Company

Saga Petroleum, Samson Resources, Ultra Petroleum, Inc., Wells Fargo Bank, N.A" XTO Energy Inc.

SPECIAL THANKS TO OUR WlLDCATTER MEMBERS:

Baker Hughes Inc" Basic Energy Services, Bonanza Creek Energy, lnc., BOPCO, L.P.,Calfrac Well Services Corp,

Cameron, Chesapeake Energy Corporation, Cimarex Energy Co., Continental Resources, Craig Energy,

Crescent Point Energy US Corp., EnCap Investments, Finley Resources Inc. , Forestar Petroleum Corporation,

Helis Oil &   Gas, Jonah Gas Company, LLC, Lario Oil &   Gas Company, Linn Energy, Marathon Oil Company,

McElvain Energy, lnc., Nabors Drilling USA, LP,Nerd Gas Company, LLC, Occidental Oil and Gas Corporation,

Packers Plus Energy Services lnc., Petroglyph Energy, lnc., Precision Drilling, Red Willow Production Company,

Robert L. Bayless, Producer LLC,Sanjel (USA) lnc., Schlumberger, Shell E &  P companY \ ~dor Pickering Holt  &  Co"

U.S. Bank, Unit Corporation, Weatherford International, WPX Energy

29

Page 37: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 37/45

Special Thanks to Our Event Sponsors

INDUSTRY PARTNER SPONSOR

IlAPDC

"'ENERGY

SUSTAINING SPONSORS

--

n~ noble,\:::;:   energy

encana.~ 

PIONEERNATURAL RESOURCES

HALLIBURTON  NEWFIELD

.

._

(~    NEWFIELD   n~    noble~    ~!,!?.   .._   ,\:::;:energy

AWHITING

'"

SMAENERGY

SILVER SPONSORS

BRONZE SPONSORS

PETROLEUM MANAGEMENT   '"~ eogresources  Q;)~!~!;::!!BANKO

COPPER SPONSORS

(((I.   '" \1)

TRitiCEii'  WPXENERGY_

c:::o:;r

COFFEE BREAK SPONSORS

~ ",4"=%::   .(j ~.

~i j \ ~

E N D U R IN G    R E SOURCES 

LINN

Energy

ROOM KEY SPONSORS

~arkp!Petroleum COrpotiltlon

PIONEERNATURAL RESOURCES

RECEPTION SPONSOR

SMAENERGY

PHOTOGRAPHY SPONSOR

devon

INDIVIDUAL SPONSOR

TALL GRASS ENERGY

LANYARD SPONSOR

34

FIRSTwesternTRUST

Page 38: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 38/45

  "#$% &' ()  

*+,- %../01 233,4.5

(&637839 ::;:<= <>:+

?@0,

, A353.B

@ C/

'

'01&

DE& F&/.,

04. G10H0C/'

'

01&= () :+<><

!"# $%&'  ( )*" +&%,,&%-., 

!"#$%&  $"'  ()$)*'  +,,-  +.-'/  

Page 39: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 39/45

A'&(;# #(; B1-'1#4A'&(;# #(; B1-'1#4A'&(;# #(; B1-'1#4 

C&; 6''&), R??'G *= =8>?A&,?A $'? #??9 )�?; (>? 4523 ?,?8$'= =$ (>*= #*,, 7? ) @?;I

*'(?;?='G <? :$; 0?# 1$;9Q= $*, )'A G)= *'A&=(;IF U?Q;? $H<*=8 )7$&( ) G;?)(

$&(8$<? 7&( '??A ($ 7? H;?H);?A *' 8)=? (>? ?,?8$' ;?=&,(= );? '$( :)@$;)7,?F V$*' &= )=

#? A*=8&== (>? H$=(M?,?8$' ;?=&,(=. #>?;? #? G$ :;$< >?;?. )'A '&<?;$&= $(>?; ($H*8=

$: *'(?;?=( (>)( $H?;)($;= '??A ($ >?);F U>)( >)HH?'= >?;? #*,, '$( G$ &''$8?A *'

$(>?; =()(?=W 

C�D E FF

XK55 M YKZ5 H<K G&/ A)H+#I(/&; J-)K/#I, %&)&5-( 

.�D E FL

EM. NO%PEM. NO%PEM. NO%P QQQ C!M J%ORR%OA9RC!M J%ORR%OA9RC!M J%ORR%OA9R.!AC:R C!M STCT%M UOOP UVPM6.!AC:R C!M STCT%M UOOP UVPM6.!AC:R C!M STCT%M UOOP UVPM6 

YKZ5 )<K J?G*=(;)$' 7?G*'=

R&22I-( F Q GAR WA%PMCRD B%VJVEG AE9 BVBMUVEMR 

LK2[ M LK3[ )<K XC0& E&8 E-1/0 M#2/YA;7#(/#'&2 Z-1 /0& B1-;+)&1 #(; M(&1'" T2&1

U-(' C&14[\ D);I R);8>*$;*. +;?=*A?'(. ]'?;GIR);9. ̂ ^_. U*,,*)<=@*,,?. 01

 C/ "/5&%.$) 4((8 2$ $)% &?/2#";+ (7 $)% M(*$)%2+$ .*(&6; (/ >((#< U   %;$ (/ .*";% 7(*

 .*(&6;%*+9 .*";"/3 +B"/3+ 2/& ;26+%+ (7 $)% 4(;2 (/ L246% ;)2/3% $)2$ )2+ *%L(46 (/"V%&

$)% M(*$)%2+$ WG %/%*3? %/L"*(/#%/$< X"+;6++"(/ (7 72;$(*+ 2  %; /3 /2$6*24 32+ 2/&

%4%;$*"; .*";"/39 2/& &%$2"4+ (7 ;)2/3%+ (;;6**"/3 "/ *%3"(/24 .".%4"/%+ 2/& #(L%#%/$ (7

/2$6*24 32+ 2B2? 7*(# (6* *%3"(/<

LK3[ M `K2[ )<K X!-8 V2 /0& A3+(;#()& -Z E#/+1#, G#2 %&20#5I(' /0& M(&1'"

U#(;2)#5&6[\ V)'*'? U>*(9?'. +;*'8*H), +;$S?8( R)')G?;. ]8$,$GI a ]'@*;$'<?'(. B'8F.6;,*'G($'. b6

=)"+ .*%+%/$2 (/ B"44 &"+;6++ $*%/&+ "/ .(B%* .42/$ 76%4+ 7(* MY 2/& $)% WG9 "/;46&"/3

+$2$6+ (7 ;(/L%*  /3 .42/$+ 7*(# ;(24 $( /2$6*24 32+< =)% &*"L%*+ 7(* "/;*%2+"/3 6+% (7

/2$6*24 32+ B"44 >% %E2#"/%&9 24(/3 B"$) )(B $)% ;(/L%*3%/;% (7 $)%+% &*"L%*+ "+ ;6**%/$4?

 .42?"/3 (6$ "/ $)% %/%*3? "/&6+$*? 2/& B)2$ $)% .*(N%;$%& %/L"*(/#%/$24 "#.2;$+ ;(64& >%

 7*(# $)"+ ;)2/3%<

`K2[ M `K3[ )<K XBI5&,I(& 9&7&,-54&(/ /- /0& E-1/0 \ M#2/[] c*'A?; R$;G)'. TH?)9?; "/d

=)% =%//%++%% 32+ .".%4"/% 4(;2 (/ 2/& "#.(*$2/;% $( #(L%#%/$ (7 +6..4? "/ $)%

M(*$)%2+$ B"44 >% &%+;*">%&< M%B I*(N%;$+9 %E.2/+"(/+ 2/& 4(;2 (/+ (7 $)% "#.*(L%&

+?+$%#+ B"44 >% &%$2"4%& 2+ B%44 2+ %E.2/+"(/ "/7(*#2 (/ $( M%B U/342/& 2/& 7*(#

I%//+?4L2/"2 $( $)%+% .("/$+ B"44 >% .*(L"&%&<

Page 40: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 40/45

 

[NY? \ >@N@@ /1N B,*-C 

!*1130+ D E BF!; "%=G;HGF! -+8 F$IH%#$(F$;=J %FK@H%F(F$;!

>@N@@ \ >@NU@ /1N LFM0.M3+N B*1: (-+-N*O*+: ",-77*1 3+ :2* (-,7*..P1 -+8

@7- !2-.*14 DQQRSDQTUV] ^< A/'*+" !(0)7(2 ;<Q<2 D;QI Z !HH I&'$7"�'.] :7"$/2 S_

EF)=6,*% /&,, 9* 6#*%*(-*0 "( ."/ <)#&"+% 6#)8� 8*% .)<* &=6#"<*0 )(0 6*#.)6%

&=6,&8)� "(% -" -.* *(<&#"(=*(-), )(),5%*% 6*#!"#=*0 )% 6)#- "! -.* GHECG &( IJ1 C(%&'.-%

/&,, 9* 6#"<&0*0 6*#-)&(&(' -" ."/ -.*%* &=6#"<*=*(-% &( <)#&"+% 6#)8� 8*% .)<* !+#-.*#

#*0+8*0 -.* *(<&#"(=*(-), &=6)8-% "! %.),* 0*<*,"6=*(- &( -.* #*'&"(1

>@NU@ \ >>N>? /1N L)<) %*/0,:3+N -+8 !PW/-,: QQQQ %*XP3,*O*+:1 Y0, :2* #3. Z )-1

H+8P1:,[V] :)&1/$ D+.7"`*,2 ;<Q<2 a*,+ ;(+$*4+'02 WJ; !$$&,*/0+$2 R',<2 I"*80&' ;/(52 LT

7(K'"&(' #*L+&#*=*(- &=6)8-% "( "&, )(0 ')% "6*#)� "(% -.)- *=&- '#*)-*# -.)( M;NOOO=*-#&8 -"(% "! '#**(."+%* ')%*% 6*# 5*)# 6,+% 0&%8+%%&"( "( G+96)#- OOOO 8"=6,&)(8*

0)-*% *F6*(0&(' +(� , MO:; )(0 &=6)8-% -" -)(D%N 8"=6#*%%"#%N 6(*+=)� 8 <),<*% )(0

.50#"!#)8D&(' "6*#)� "(% )- (*/ )(0 ="0&   *0 "6*#)� "(%1

>>N>? \ >>NY? /1N L=,* ?0P %*-8[ '0, :2* F"=\V] I)/("+$ b/",&1X2 !$$&,*/0+2W&4.$&' J7$$2 HH;2 E7ff /"&2 LT /'4 I)/("*+ B`+($-*52 D+'*&( Q'-*(&'1+'0/" D,*+'�$02I&'+$0&./\J&-+($ c !$$&,*/0+$2 E7ff /"&2 LT

P.* E(<&#"(=*(-), @#"-*8� "( Q'*(85 2RE@QS? .)% <&%&-*0 /*,,% )(0 #*,)-*0 6#"0+8� "(

 !)8&,& � *% "! %*<*#), I*/ J"#D "6*#)-"#% )(0 .)% %*(- #*L+*%-% !"# &(!"#=)� "( 6+#%+)(-

-" -.* T,*)( Q&# Q8-N /.&8. &% -56&8),,5 -.*  #%- %-*6 &( E@Q *(!"#8*=*(- 6#"8**0&('%1

@#"6*#,5 #*%6"(0&(' -" -.*%* &(L+&#&*% &% 8#& � 8), &( ="+(� (' ) %+88*%%!+, 0*!*(%* -"

E@Q>% *(!"#8*=*(- * ff "#-%1 P.&% 6#*%*(-)� "( /&,, )00#*%% -.* 6#)8� 8),N 6",& � 8),N )(0

,*'), 9)%&% 9*.&(0 E@Q>% * ff "#-%N )(0 /&,, 0&%8+%% D*5 6"&(-% -.)- "6*#)-"#% %."+,0 D**6 &(

=&(0 /.*( !)8*0 /&-. -.*%* -56*% "! *(!"#8*=*(- )8� <& � *%1

>>NY? \ >GN>? %1N L!:,-[ )-1 (3N,-0+4 H+738*+7*] ",*/-,*8+*11 -+8 %*1/0+1*V^

:*1&0)3 Q(*5$+'2 ;<B<2 D+'*&( B+&"&.*$02 b&&43 /'4 !$$&,*/0+$2 R',<2 d/-+("32 LT

 Q% 0*<*,"6=*(- &( -.* Q66),)8.&)( 4)%&( 8"(� (+*% -" '#"/N -.* =&'#)� "( "! %-#)5 ')%

.)% 9*8"=* -.* ="%- &=6"#-)(- *(<&#"(=*(-), &%%+* -" -.* "&, )(0 ')% &(0+%-#51 U+* -"

-.* 05()=&8 ()-+#* "! %-#)5 ')% =)(&!*%-)� "(%N 8"(<*(� "(), #*=*0&)� "( -*8.(&L+*%

)#* -56&8),,5 &(* ff *8� <* )% -.*5 0" ("- &(8"#6"#)-* -.* 8.)#)8-*#&%� 8 9*.)<&"# "! )

,&'.-*# -.)( )&# ')% &( -.* %+9%+#!)8*1 P.* � =* -" 6#*6)#* !"# ) %-#)5 ')% &(8&0*(- &%

9*!"#* &- "88+#%VS

>GN>? %1N H#)= 0Y $? =++P-. BP13+*11 (**+N

>GN>? \ >NU@ %1N N JP+72 _9>*[+0:* !/*-C*, e B/-*' A&'&)7+2R'4+%+'4+'0 ;&9+( ;(&47,+($ &8 L+9 T&(52 R',< fR;;LTg2 !"X/'32 LT]LH""$?`1 "*,1/*7M* 0+ $*_ ?0,C`1 F+*,N[ J-+817-/*V 

Page 41: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 41/45

!"##$%& ( ) *+,,-./01 2.3 4+5/0/*! ) 1+- ,267 2 3/88797.*7:

!"#$ & '"() *+" ;<=>?@0A" 8BC" %D +$E F GB# $& ."H 1%IJKL ,-./012 341+/5 678/2/9

:5;<9 /.= >?1..- @-..-55-A9 :5;<9 @B5C1CD E F/2CG/A9 HGI/.A9 J>

!"# %&'' (#)*+#' *", -,).*, &) /012 .)3 %".* 3#,4 *".* 5,.) 6#+ *", -789- 4:,(&   (.''; .4

%,'' .4 *", #&' .)3 <.4 &)3=4*+;> ?", :+,4,)*. #) %&'' *",) "&<"'&<"* @,; 3,A,'#:5,)*4

+,'. A, *# :&:,'&), &)6+.4*+=(*=+, &) B,% C#+@D 6#(=4&)< #) @,; (.4, '.% (#)(,+)&)< *",E8FGH4 .::+#A.' #6 &)*,+4*.*, :&:,'&),4I *", &)*,+:'.; #6 *", 4*.*, :,+5&  )< :+#(,44 J,6#+,

*", K8G .)3 *.(*&(4 J,&)< ,5:'#;,3 *# 3,'.; .)3 4*#: :&:,'&), (#)4*+=(*&#) %&*"&) B,% C#+@L

'"() & (")) *+" ;.BCMIBE GB# B&N CA" 4%E$O# %D ."H 1%IJKL K1GG/.= LB==-29 MK1GGAN

K-2-= & OB2-C012 1P J/1./G QR-G S/5 T1<9 :U-CR?- OB2-C0129 K1I-20 @< V/CD51. T-.0-2

P12 VR5C-W P12+-2 J>, H55-+IGA+/.W HR04129 H54?BGG-9 J>

!".* ".A, J,,) *", :#'&  (4 J,"&)3 *", M5#+.*#+&=5N #) :,+5&*4 .)3 %".* (.) %, ,O:,(*

&) *", 3.;4 .",.3> P#% (.) *", #&' .)3 ).*=+.' <.4 &)3=4*+; &) B,% C#+@ J,4*

(#55=)&(.*, .)3 .3A#(.*, &*4 :#4&  #) <#&)< 6#+%.+3>  

(")) & ("!$ *+" PI"BJ 

!"##$%& Q ) /.R7!0,7.0 S+96!T+4U

("!$ & #"() *+" ;0A" /&V"#CW"&C 4I"#OI$X%&;L KA/. ,+B049 :=RC/0129 ,-.B12 T1.5RG0/.09HR04129 ,*-/D-29 ,/G0 X/D- TB0A9 Y3

P#% (.) ;#=D .4 .) #&' .)3 <.4 :+#6,44&#).'D &3,)  6; %&))&)< .)3 '#4&)< &)A,4*5,)*4>!".* .+, *", *#:   A, &)A,4*5,)* 5&4*.@,4 5.3, J; #&' .)3 <.4 :+#6,44&#).'4 .)3 "#% *#

.A#&3 *",5> P#% (.) ;#= :#4&  #) ;#=+ .44,*4 6#+ <+#%*" &) . A#'. ', 5.+@,*> G#5,   )3

#=* 6+#5 F;.) -5&*"D *", .=*"#+ #6 M?", 9)A,4*5,)* Q+,4(+&: #)N

$")) & Z")) *+" ,""C F GI""C *%OJCB$E 9"O"X%&

Z")) *+" 3$&&"I HY6"Z&%C" !X"BJ"I V/CD @RII/2=9 F-2+/. E T1<9 [/54B.\01.9 O<T<W;P$[ GI""& 9BN$OBE#U S$&&$&[ 4M\E$O +X$&$%&] -&N"IW$&$&[ CA" 2OV$#C^# *I"N$\$E$CZ F

*AB&[$&[ CA" 3"\BC"K]")) *+" H=^1R2.

Page 42: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 42/45

97G/!0920/+. 8+9,97G/!0920/+. 8+9,97G/!0920/+. 8+9, 

K-\B502/1. =-/=GB.- _ J1?-+I-2 $9 ')!#<

K-\B502/1. B.CGR=-5 0-C4.BC/G 5-+B./29 0`1 C1CD0/BG 2-C-*1.59 GR.C4 /.= =B..-2<

7BIEZ 9"[$#CIB%&U +& %I \"D%I" >=Y<QY<=>Q

a6SH 1P J> 8-+I-25 b c d($)

J1.&8-+I-25 b c d(e$

9"[MEBI 9"[$#CIB%&U 2"I >=Y<QY>Q

a6SH 1P J> 8-+I-25 b c d(e$

J1.&8-+I-25 b c d(f$

,*1R5- K-\B502/1. b c d f)g

RS9)('=3,4 (#(@*.&' +,(,: #)4 T 3&)),+ #)'; U )#* 6#+ &)3=4*+; :+#6,44&#).'4V

-:#=4, B.5, RE#+ J.3<,V WWWWWWWWWWWWWWWWWWWW

,0R=-.0 K-\B502/1. & [-=< 1.GA b c d $)

& 3R-5< C1CD0/BG 1.GA b c d !$

!

"" $%&"' &(

% )*+",-%- )* (

%.)'

(&/ 

)0

* 1%%2 345! 0

 1 6

7 )' +8&

(

.%- 10

( &"" $%&"'

0(

-%(

%-9 '0 :

"%&'% )*-)+&/% ;0

,( &/ 

/%

*-&*+% &/ $%&

"'2 <

8&*= ;0,> 

>>Y>>Y>QU b c T1CD0/BG K-C-*1.

>>Y><Y>QU b c XR.C4-1. b c T1CD0/BG K-C-*1. b c OB..-2

b c 1"#] / H%MEN E$J" C% N$#XEBZ BC B #WBEE O%OJCB$E CB\E" D%I _?=`==:

T1.0/C0 J/+-" hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

T1+*/.A" hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

H==2-55" hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

TB0A" hhhhhhhhhhhhhhhhhhhhhhhhhh ,0/0-" hhhhhhhh iB*" hhhhhhhhhhhhhhhhh

j41.-" hhhhhhhhhhhhhhhhhhhhhhhhhh Q/U" hhhhhhhhhhhhhhhhhhhhhhhhhhhh

:+/BG" hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh O/0-"hhhhhhhhhhhhhhh

310/G H+1R.0 :.CG15-=" dhhhhhhhhhhhhhh

!"#$ &'()$*+*, -'.( /#+0 -1$$ )"2(*3+ +'4

a6SH 1P J>9 (] X/D- ,0<9 @/+IR2\9 J> !#)e$

5"2(*3+ &"3 6* (",* 62 789:;< 7=8: 1. 1R2 `-I5B0- /0 ̀ ``<B1\/.A<12\k-?-.05<

!"#$ &' () *+,+*-+, ./+ *01/. .& *+,.*02. *+10,.*3.0&45 .026+. ,37+, &* 3890,,0&4 .& 34: !"#$ +-+4.; (&

*+10,.*3.0&4 *+'<48, =<. ,<=,.0.<.0&4, 93: =+ 938+;

Page 43: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 43/45

!"#$!#% '#%(!"#$!#% '#%(!"#$!#% '#%( 

!"" $%&'$&($)*%$ (+,+*-+ (+,&.'*�&' &' .+'+(/" $*.'/.+ /0 0)+ 1++�'.2 / 3+(

*' 0)+ /+'4++ %/,5+0$2 /'4 *' 0)+ '+60 *$$7+ &8 &7( '+9$"++(2 :)+ ;*%+"*'+< 

"#$%&'(# )*+ ,-*(,*+,.'- ', /#%(#,%$01 234*5#+ 674.

  !"# %&'()'* +(,*%%

"-.*#/&%* ("-*01 233 4)' )(0 ,)(5)#0 %6"(%"#%.&6 0*)0,&(* &% 78-"9*# :;-.

 -" .)<*

&-*=% &=6#&(-*0 /&-. %6"(%"#>% ()=*1?

)*+*,-. !/0+10,123/14

;"/�'71 5 6 =>2?@@

A*/1&'4 5 6 =>2@@@

B&"4 5 6 = C?@

D*"-+( 5 6 = ?@@

E(&'F+ 5 6 = G?@

!/*737 !/0+10,123/14 2@,*)%* *=)&, 5"+# 8"=6)(5 ,"'" &( A6' !"#=)- -" &(!"B&"')(51"#'? 

A*''+( D%&'$&( 5 6 =>2?@@

2C(8,+0*% %*)� (' /&-. D*5("-* %6*)D*#? 

H7',)+&' D%&'$&( 5 6 =>2@@@

I&,50/*" J+,+%�&'$ 5 6 =>2@@@

!+'4++ E/.$ 5 6 = C?@KK

!+'4++ L/1+0/. H/'3/(4 5 6 = ?@@KK

E(+/5$ 5 6 = G?@

',3*+81 9 #:2*,4  = MMMMM

I&'0/,0 L/1+N MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

I&1%/'3N MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

!44(+$$N MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

I*03N MMMMMMMMMMMMMMMMMMMMMMMMMM D0/0+N MMMMMMMM O*%N MMMMMMMMMMMMMMMMM

;)&'+N MMMMMMMMMMMMMMMMMMMMMMMMMM P/6N MMMMMMMMMMMMMMMMMMMMMMMMMMMM

Q1/*"N MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM A/0+NMMMMMMMMMMMMMMM

!1&7'0 Q',"&$+4N =MMMMMMMMMMMMMM

8$'& 3*9-&#4#% )*+9 :'4. );&& -$09#(4 4*<

RSB! &8 LT2 UV H/5+ D0<2 W/1X7(.2 LT >Y@C?

=$09#(4 3$( 5# 9$%# 50 >?@"AB >C?" &' &7( 9+X$*0+ /0 999<*&./'3<&(.Z+-+'0$<

;<=$> ?#@ '#% ?#@% !@""#%;A

Page 44: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 44/45

!"# %&'&()" *+ff #,-!"# %&'&()" *+ff #,-!"# %&'&()" *+ff #,- 

"#$ %$&'()*' +,)-).

/&ff ),$. 01 23454

6 7,$89 $: ;$$<= >)= 7??' ;?=?;@?A :$; BCD6

$: 01 )( E243F55 =*'G,? $; A$&7,? $88&H)'8IF%$; J?=?;@)$'=K LLLM342M2334 $;

>H=KNN;?=#?7FH)==9?IF8$<NG$N$*,)'AG)=

OJ$$< 7,$89 )@)*,)7,? &', 25N42N23P 

.#(/ /- /&,, -/0&12 #3-+/ "-+1 )-45#("6

!#7& # 51-25&)/ /- 20-86 

9-(:/ 8#(/ /- 2/#(; #/ # 3--/0 #,, ;#"6 

">*= I?);Q= 6''&), R??'G #*,, 7;*'G ) A*ff ?;?'( )HH;$)8> ($ =>$#8)=*'G I$&;

8$<H)'IQ= H;$A&8(= )'A =?;@*8?=F !"#"$%& $( $)%  *+$ ,- *%+.(/&%/$+0 

B: I$& );? )?'A*'G (>? (?8>'*8), =?<*'); I$& );? #?,8$<? ($ )A@?;=? I$&; 8$<H)'I

(>;$&G> ) =<),, ()7,?M($H A*=H,)I :$; S&=( <=>?>>@ T<),, ;$&'A 8$89()*, ()7,?= #*,, 7?

H;$@*A?A (>;$&G>$&( (>? 8$89()*, ;?8?H$' N 7;?)9 );?) H;$@*A*'G ) 8>)'8? ($ >*G>,*G>(

I$&; 8$<H)'I )'A A*=H,)I I$&; 7&=*'?== 8);A=. H;$<$$'), *(?<= )'A $(>?; <)(?;*),F U?

#*,, H;$@*A? ) =()'AM&H =*G' #*(> I$&; 8$<H)'I ')<? )'A ,$G$F +*H?. A;)H?. $; ?,?8(;*8*(I

#*,, '$( 7? )@)*,)7,?F

 !"#$ &'$ "# ()*+ *) $,' -'./#$-0 *) 1*-2 /1 3*" 0-' /)$'-'#$'45

1/ 2&&"  (/ $( $)% 3*%2$ 4"/%56. (7 +.%28%*+9 :6  24( )2+ #6;) $( (  %*<

=)%*% 2*% 2*;)"$%;$6*24 #2+$%*."%;%+ >? @*2/8 !4(?& A*"3)$ 2/&

($)%*+9 B(*4& ;42++ #(&%*/ 2*$ 2$ $)% C4>*"3)$5D/(E C*$ F244%*?9

$(6*"/3 :*(2&B2? .*(&6; (/+ 2$ $)% #23/"   ;%/$ G)%2H+ I%*7(*#"/3

 C*$+ J%/$%*9 $)% F*2##? CB2*&5B"//"/3 :6  24( I)"4)2*#(/";

K*;)%+$*29 2 72+;"/2 /3 )"+$(*?9 2/& ;(6/$4%++ 7%+ L24+ 2/& %L%/$+9

>%;26+% :6  24( "+ 24"L% B"$) $)"/3+ $( &( 2/& &"+;(L%*0

 C/&9 (/ $(. (7 %/$%*$2"/#%/$9 2*$9 2/& ;64$6*%9 B% )2L% 2 /2$6*24B(/&%* 5M"232*2 @244+5 N6+$ OP #"/6$%+ 2B2?0

QCL%*23% &2"4? $%#.%*2$6*% "+ 4(B RPS+ &6*"/3 $)% &2? 2/& "/ $)% #"&

OPS+ /"3)$4?<T

Page 45: Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

7/18/2019 Rick Berman presentation at the Western Energy Alliance conference, Colorado, June 2014

http://slidepdf.com/reader/full/rick-berman-presentation-at-the-western-energy-alliance-conference-colorado 45/45

"# 

$%& 

" ()" 

 *! 

"+(

Gavin Donohue - Lunch Keynote

!"# %&'() *# +,),-./ (0 1-/ 2"/0(3/)1 &)3 456 ,7 1-/ 8)3/9/)3/)1

2,:/" 2",3.;/"0 ,7 </: =,">? 8);# @822<=A? & 01&1/:(3/ 1"&3/

&00,;(&,) ,"B&)(C/3 () DEFG# 822<= "/9"/0/)10 H,"/ 1-&) DII

,9/"&1,"0 &)3 3/'/J,9/"0 ,7 ()3/9/)3/)1 9,:/" 9",K/;10? 9,:/"

H&">/1/"0? &)3 0.99J(/"0 ,7 B,,30 &)3 0/"'(;/0 1, 1-/ ()3.01"L# !"#

+,),-./ M/B&) -(0 1/)."/ &1 1-/ </: =,"> N1&1/ +/9&"1H/)1 ,7

5)'(",)H/)1&J 4,)0/"'&,) @+54A () DEEO :-/) -/ :&0 &99,()1/3

P00(01&)1 4,HH(00(,)/" "/09,)0(MJ/ 7," ,'/"0//()B &JJ J/B(0J&'/ &)3

()1/"B,'/")H/)1&J &ff &("0 &1 1-/ &B/);L# Q",H +/;/HM/" DEEF .)J

!&";- RIID? -/ 0/"'/3 1-/ +54 &0 5S/;.'/ +/9.1L 4,HH(00(,)/" ,7 1-/ T?UIIV/H9J,L//

&B/);L? &0 :/JJ &0 3/'/J,9()B &)3 ;,,"3()&)B 1-/ (H9J/H/)1&,) ,7 &JJ H&K," J/B(0J&'/ &)3

9,J(;L ()(&'/0 (H9&;)B 1-/ /)'(",)H/)1# W/ -,J30 & X&;-/J," ,7 1-/ P"10 3/B"// () 2,J(;&J

N;(/);/ 7",H N(/)& 4,JJ/B/ () Y,.3,)'(JJ/? </: =,">Z &/)3/3 1-/ N1&1/ [)('/"0(1L ,7 </: =,">

</J0,) P# \,;>/7/JJ/" 4,JJ/B/ ,7 2.MJ(; Pff &("0 &)3 2,J(;L &)3 W&"'&"3 [)('/"0(1L]0? *,-) Q#

^/))/3L N;-,,J ,7 %,'/")H/)1#

Ryan Smith - Investment Workshop

\L&) NH(1- (0 ,)/ ,7 1-/ )&,)_0 J/&3()B /S9/"10 ,) ()'/0)B# W/

-&0 3/;&3/0 ,7 ()'/01H/)1 /S9/"(/);/ &)3 ;,VH&)&B/0 &00/10 ()

/S;/00 ,7 `RII H(JJ(,)# \L&) -&0 9"/0/)1/3 &1 ,'/" GII

;,)'/),)0? ;,)7/"/);/0? &)3 0/H()&"0 &;",00 1-/ ;,.)1"L :(1-

/S;/JJ/)1 "/'(/:0# W/ -&0 0-&"/3 1-/ 01&B/ :(1- %/)/"&J 4,J()

2,:/JJ? !&L," \.3L %(.J(&)(? N1/'/ Q,"M/0? N&"&- 2&J()? X/) N1/()?

2"/0(3/)1 X(JJ 4J()1,)? &)3 H&)L H,"/# W/ -&0 &J0, 1&.B-1 &1 4&J

2,JL N1&1/ [)('/"0(1L &)3 1-/ [)('/"0(1L ,7 a&H9&# W/ :&0 3"&�/3

ML 1-/ X&JH,"/ 6"(,J/0 &)3 P)&-/(H P)B/J0? M.1 0&: H,"/ 9,1/)&J () 7.JJVH/ ()'/0)B# W/

:&0 ()'(1/3 1, 1"&() +,)&J3 a".H9_0 7&H(JL &1 1-/ a".H9 a,:/" &1 &B/ 1:/)1LV0(S# W(0 :,"> -&0M//) 7/&1."/3 () <\58? a-/ </: =,"> a(H/0? &)3 XJ,,HM/"B#

Jack Hubbard - Dinner keynote

*&;> W.MM&"3 (0 & b(;/ 2"/0(3/)1 &1 X/"H&) &)3 4,H9&)L? & 7.JJV

0/"'(;/ "/0/&";- &)3 ;,HH.)(;&,)0 "H J,;&1/3 ()

c&0-()B1,)? +4# X/"H&) &)3 4,H9&)L ;,)0(01/)1JL /S;/J0 ()

B/)B (10 ;J(/)10_ &)3 3,)," H/00&B/0 9J&;/3 M/7,"/ 1-/

9.MJ(; 1-",.B- &BB"/00('/ H/3(& ,.1"/&;-# X/"H&) &)34,H9&)L 09,>/09/,9J/ "/B.J&"JL &99/&" ,) 1/J/'(0(,) &)3 "&3(,

9",B"&H0 &)3 9J&;/ ,'/" ROI 69()(,) 53(1,"(&J0 () H&K,"


Recommended