ngv bridge
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NGV BRIDGE
OnCue ExpressApril 3, 2014
WHO WE ARE: OnCue Express
• 14 (+2 Under Construction) CNG Locations• 41 (+2 Under Construction) Convenience Stores• 650 Employees• Growing 5 C-Stores per year• Growing 10-12 CNG locations per year
WHERE WE OPERATE CNG
Existing OnCue CNG Proposed OnCue CNG
Oklahoma CNG Growth•Since 2008
• 940%: growth in natural gas consumption• 300%: growth in natural gas vehicles• 390%: growth in CNG fueling infrastructure• $1.79: OnCue’s current CNG price per gallon• Over 80: Oklahoma public CNG stations
•In 2013• $5,000,000+: OnCue customer savings vs gasoline/diesel
• 2014 Projected• $6,000,000+: Customer Savings
ONCUE CNG GROWTH
6
Price Stability Example
The Price per MCF on March 31, 2014 was $4.38Using the same input costs, the price per gge would be $1.80
INPUT COSTNatural Gas (divide by 8) $0.50
Transport Costs & Fees $0.20
Electricity Costs per GGE $0.15
Maintenance per GGE $0.25
Federal and State Taxes $0.25
Fuel Card Fees per GGE $0.05
Retailer Profit Margin $0.35
CNG at the Pump $1.75
Natural Gas @ $4.00 per MCF Natural Gas @ $8.00 per MCF
INPUT COSTNatural Gas (divide 8) $1.00
Transport Costs & Fees $0.20
Electricity Costs per GGE $0.15
Maintenance per GGE $0.25
Federal and State Taxes $0.25
Fuel Card Fees per GGE $0.05
Retailer Profit Margin $0.35
CNG at the Pump $2.25
Price Stabilityenergy spot prices2012 dollars per diesel gallon equivalent
History Projections2013
Retail LNG
Retail diesel
Retail CNG
Source: EIA, Annual Energy Outlook 2014 Early ReleaseNicholas Chase; used with permission
FLEET PAYBACKAnnual miles in first 2
years (thousand)
Payback period (years)
Class 3 (CNG) Class 4-6 (CNG) Class 7-8 (CNG)
0 – 20 10 17 20+
20 – 40 5 8 10
40 – 60 3 6 7
60 – 80 3 5 6
80 – 100 3 4 5
100 – 120 3 4 4
120 – 140 3 4 4
140 – 160 3 4 4
160 – 180 3 3 3
180 – 200 3 3 3
200+ 3 2 3
INDUSTRY GROWTHnatural gas use by modetrillion Btu
Source: EIA, Annual Energy Outlook 2014 Early ReleaseNicholas Chase; used with permission
Natural gas consumption, 2040 Mode tril Btu mode%Freight trucksFreight railBusesLight-duty vehicles
613 (8%) 148 (35%) 81 (28%) 19 (0.2%)
Light-duty vehicles
Freight trucks
Buses
Freight rail
PARTNERSHIP OPPORTUNITY•C-Store Co-Location
• OnCue will work with other C-Store operators to locate CNG at their current/future convenience store
• OnCue pays for CNG Equipment ($1+ million)• OnCue owns, operates & maintains equipment
•CNG Stand Alone• Similar to our current list of card-lock CNG locations, OnCue
will help fleets convert to CNG by installing infrastructure near their fleet hub.
• Public/Private CNG• Custom built CNG infrastructure to maximize ROI for fleet• Allows nearby fleets to take advantage of site
WHAT DOES CNG LOOK LIKE?
• Location: Memorial & Western in OKC
WHAT DOES CNG LOOK LIKE?
• Location: 50th & Western in OKC
WHAT DOES CNG LOOK LIKE?
• Location: 23rd Street & I-235 in OKC
CORPORATE INFORMATIONOnCue Express HQ:916 N Main StreetStillwater, OK 74075
Contact Information:Scott Mintons_minton@oncueexpress.com(405) 338-8552
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