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Plains All American Pipeline LP
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2015 NAPTP Annual MLP Investor Conference
| Greg Armstrong | Page 19 of 11 |
November 23, 2024
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"2015 NAPTP Annual MLP Investor Conference"
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19 www.plainsallamerican.com NYSE: PAA & PAGP Unprecedented Underlying Decline Rates of U.S. Production -- Requires Reinvestment to Sustain/Grow - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Jan - 13 Oct - 13 Jul - 14 Apr - 15 Jan - 16 Oct - 16 Jul - 17 Apr - 18 Jan - 19 Oct - 19 MMBbl/d Lower 48 U.S. Onshore PDP Decline - 30% - 18% - 13% - 11% - 10% - 2.2 - 4.0 - 3.6 - 3.1 - 4.4 Cumulative Decline