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NGV Bridge. OnCue Express April 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.
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NGV Bridge OnCue Express April 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 OnCueCNG 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’scurrent CNG price per gallon • Over 80: Oklahoma public CNG stations • In 2013 • $5,000,000+: OnCue customer savings vsgasoline/diesel • 2014 Projected • $6,000,000+: Customer Savings
Price Stability Example Natural Gas @ $4.00 per MCF Natural Gas @ $8.00 per MCF The Price per MCF on March 31, 2014 was $4.38 Using the same input costs, the price per gge would be $1.80
Price Stability energy spot prices 2012 dollars per diesel gallon equivalent Projections History 2013 Retail diesel Retail LNG Retail CNG Source: EIA, Annual Energy Outlook 2014 Early Release Nicholas Chase; used with permission
INDUSTRY GROWTH natural gas use by mode trillion Btu Natural gas consumption, 2040 Modetril Btumode% Freight trucks Freight rail Buses Light-duty vehicles 613 (8%) 148 (35%) 81 (28%) 19 (0.2%) Freight trucks Light-duty vehicles Freight rail Buses Source: EIA, Annual Energy Outlook 2014 Early Release Nicholas Chase; used with permission
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 INFORMATION OnCue Express HQ: 916 N Main Street Stillwater, OK 74075 Contact Information: Scott Minton s_minton@oncueexpress.com (405) 338-8552