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UBS Global Oil And Gas Conference – Murphy Oil Corp

Murphy Oil Corp · May 21, 2014 · 36 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 1
    EXPLORATION DRIVEN. DELIVERY FOCUSED. UBS GLOBAL OIL & GAS CONFERENCE ROGER JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER MAY 21, 2014 MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 1
  2. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 2
    Agenda Strategy Why Invest in Murphy North America Onshore Global Offshore Exploration Takeaways Appendix MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 3
  3. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 3
    Our Strategy Exploration Driven Delivery Focused EXPLORATION EXECUTION Oil Weighted, Needle Moving Top Tier Capability on Prospects in Under-Explored Basins Onshore & Offshore Projects FINANCIAL PREFERRED PARTNER Capability &…
  4. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 4
    MUR - Compelling Investment Opportunity Transformation to Pure Play E&P Continues Double Digit Growth: Dividends, Production & Reserves Top-Tier EBITDAX/BOE Oil-Weighted Production with Price Diversity Continuous Portfolio…
  5. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 5
    Shareholder Focus Regular Dividends*, /sh 1.40 1.20 1.00 Share Repurchase Program 0.80 Completed 1.0 Billion 0.60 0.40 Acquired 16 Million Shares 0.20 0.00 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 * Does not include special…
  6. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 6
    Leading Production Growth Production (2008-2013), MBOEPD 250 200 60% Increase Since 2008 150 80% Oil & Oil-Indexed Gas 2013 100 50 0 2008 2009 2010 2011 2012 2013 5-Year Production CAGR (2008-2013), MBOEPD Production per…
  7. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 7
    Leading Reserves Growth Proved Reserves (2008-2013), MMBOE 700 5 Year Avg Replacement 183% 600 Strong 2013 500 243% Organic Replacement 400 R/P Improves to 9.2 years 300 Oil-Weighted Portfolio 200 63% Proved Developed 100 72% Oil &…
  8. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 8
    Top-Tier Cash Flow Average EBITDAX/BOE (2009-2013) 60 50 43.92 Oil-Weighted Portfolio 40 30 Oil-Indexed Gas MUR 20 10 0 EBITDAX/BOE (2013) Oil & Liquids Production Weighting (2013) 80 100% 70 80% 60 13% SK Gas Oil-Indexed…
  9. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 9
    Price Advantaged Oil Brent Weighted with Price Diversity 100 per Barrel Company Oil-Indexed Gas 2013 Production Basis Price 2013 Realized Prices (/BBL) Block K (b) 92 Other (a) Brent SK Oil (b) 102 21% Brent 31% East Coast…
  10. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 10
    2014 Growth & Capital Allocation 260 MBOEPD 240 230 Investing in Oil-Weighted 220 Growth 225 205.7 Eagle Ford Shale 200 Malaysia Oil GOM 180 2013 Eagle Ford SK Oil Dalmatian Siakap N. Other Montney Kikeh S.I. 2014 Petai & Other…
  11. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 11
    Portfolio of Sustainable Growth 5.1 BBOE Risked Exploration Transparent 3.9 BBOE 1.2 BBOE 3.6 BBOE Progression of Resource Pipeline Increasing Uncertainty Risked Risked Exploration Exploration 0.8 BBOE 0.7 BBOE In…
  12. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 12
    Execution Ability - Our Calling Card 200 Net Operated, MBOEPD 180 PERMAS CAGR: 29% 160 140 W. PATRICIA GOLOK PATRICIA 120 SEAL EAGLE FORD 100 SHALE S. ACIS DALMATIAN 80 THUNDERHAWK KIKEH 60 MEDUSA MERAPUH KAKAP 40…
  13. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 13
    NORTH AMERICA ONSHORE MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 14
  14. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 14
    NA Onshore - Balancing the Portfolio Net, MBOEPD 200 150 NA Onshore Balance EFS Growth Leads the Way 100 Seal EOR Growth 2015 Forward Syncrude Long Term Stability 50 70% Oil Weighted 50% NA Onshore in 2019 0 2013 2014 2015…
  15. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 15
    Eagle Ford Shale - 5 Years of Progress Net, MBOEPD Op Well Count 60 600 50 500 Continued Production Growth 40 400 30 300 Improving Margins 20 200 Leading EURs with Choke 10 100 Management 0 0 2010 2011 2012 2013 2014E Oil NGLs…
  16. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 16
    EFS - Continuous Improvement Total Operating Costs*, /BOE 40 35 Driving Operating Costs Down 30 25 20 Lower D&C Costs 15 10 50% Spud to TD Improvement 5 0 Since 2010 2011 2012 2013 2014E * All Field Costs Including LOE,…
  17. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 17
    EFS - Running Room NORTH TILDEN Downspacing Working CATARINA KARNES 1,750+ Locations Remaining TILDEN 10+ Years at this Pace 0 10 mi Murphy Acreage Operated Non-Operated Spacing Potential Wells Total Well Area Net Acres…
  18. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 18
    EFS - Staggered Downspacing Pilot Jog 1H Upper EFS Well Upper EFS Potential Two Year Production History Testing 20-Acre Staggered Downspacing in Karnes Janysek 10H 2014 Staggered Test 350 Eagle Ford Type Log - Karnes 350 JOG…
  19. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 19
    EFS - Large Predictable Upside 690 MMBOE 700 Reserves Migration Unrisked Downspacing Opportunities 85 MMBOE Added to Proved in 2013 600 & Performance Resource Base is Growing 190 Added 250 MMBOE for Downspacing 500 Potential Added…
  20. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 20
    Creating Value in U.S. Unconventional Plays Full-Cycle Value Created/Lease & Exploration Spend ( Created/ Spent) 4 Global Explorer Peer Group 3 Successful Fast Follower 2 Low Exploration & MUR 1 Acquisition Costs 0 -1…
  21. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 21
    Montney Upside Offset Producers EUR: 6 - 11 BCF 2014 Focus New Completion Offset 3rd Party Gas Processing Producers EUR: 7 - 14 BCF. 2 Rigs with a Potential 3rd 10 Wells in Liquids Rich Area Development Upside Gross, MMCFPD…
  22. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 22
    Seal - Long-Term EOR Focus Cadotte Thermal 6 Billion BBL Oil-In-Place Seal 2014 Significant Reserve Upside Thermal CSS North Central Next Thermal Focus Focus Focus on Thermal EOR Area Harmon Central Valley Seal Cadotte…
  23. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 23
    GLOBAL OFFSHORE MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 24
  24. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 24
    Global Offshore Without Exploration Upside Net, MBOEPD 250 High Margin Global Offshore 200 Exploration Excluded 150 Near Term Growth from Malaysia & GOM Oil Developments 100 SK & Block H Gas: Long-Term 50 Projects 90% Oil &…
  25. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 25
    Long Term Oil-Indexed Gas Partnered with PETRONAS SK Gas Global Leader in LNG 1.5 TCF EUR Resource 1.1 TCF Proven & Certified Block H Phase I Rotan & 3 Satellite Fields Brunei CA-2 Project Sanctioned 3 Discoveries in 2013 Sales Gas…
  26. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 26
    Dalmatian Development Two Well Subsea Tie-Back to Petronius DC48 First Gas April 21, 2014 Dalmatian North DC4 First Oil June 2014 Murphy 70% WI Dalmatian PETRONIUS Viosca Knoll 786 40 MMBOE Gross Resource Third Well planned…
  27. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 27
    Siakap North-Petai SIAKAP NORTH-PETAI Sanctioned October 2011 DEVELOPMENT WELL STATUS 32% WI 77 MMBO Gross 8 Producers & 5 Water Injectors First Oil Production February 28th 2014 4 Producers 2 Additional Wells Online…
  28. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 28
    Strong Deepwater Project Execution Ability Discovery to First Production Industry Avg 8.0 Years FPSO 39% Faster MUR Avg 4.8 Years Semi, Industry Avg 7.2 Years Spar & 37% Faster TLP MUR Avg 4.5 Years Source: Offshore…
  29. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 29
    Exploration - Renewed Strategy Focus Regions Strong History of Exploration Culture Focus on High Impact Oil Prospects 1 3 New Exploration Leadership Team 2 4 New Rules of Road 1 Gulf of Mexico 3 Southeast Asia No 100%…
  30. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 30
    Exploration Strategy in Action Experienced Holder in Focus Areas with Running Room Growth through Farm-Ins & Lease Sales Increased GOM Presence Awarded (50% WI Op) Large Acreage Position in Ceduna Basin, Australia Vietnam Entry…
  31. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 31
    Exploration Portfolio & Acreage Position Net Risked PMEAN Resource, MMBOE Net Risked Exploration 1,400 1,150 MMBOE (PMEAN) 1,200 1,000 77% Oil-Weighted Australia 800 Portfolio 22% Gulf of 600 Mexico 47% 400 S.E. Asia 200 20%…
  32. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 32
    2014 Exploration Program Area Prospect Gross Mean Resource MMBOE Q1 Q2 Q3 Q4 GULF OF MEXICO Titan-1 200 Urca 130 Whydah 85 Opal (Non-Op) 200 CAMEROON Bamboo-1 EQUATORIAL GUINEA Block W NAMIBIA 2613 A/B INDONESIA Serai-1 350…
  33. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 33
    5-Year Production Outlook Without Exploration Net, MBOEPD 400 Modest Growth Continues 350 300 8% Production per Debt- 250 Adjusted Share CAGR 200 Strong Foundation for 150 Future Growth 100 50 50% NA Onshore in 2019 0 2013…
  34. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 34
    5-Year Production Outlook With Exploration Net, MBOEPD 400 Risked Exploration Success 350 300 Needle Moving Impact 250 9% Production per Debt- 200 Adjusted Share CAGR 150 80% Oil & Oil-Indexed 100 GOM Discoveries Shortest 50…
  35. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 35
    Projected Strong Free Cash Flow Cumulative Free Cash Flow (FCF), MM Cash Flow vs CapEx, MM 6,000 6,000 Risked Exploration - App & Dev Share Repurchase Cum FCF w/Explor Success Cum FCF w/o Explor Success Dividends Exploration - Wildcat…
  36. UBS Global Oil And Gas Conference – Murphy Oil Corp – slide 36
    Investing In Murphy Well Positioned as an E&P Player Profitability Will Continue Due to Diverse Oil-Weighted Business Model Exploration-Focused With Strong Acreage Position Eagle Ford is a Legacy Field & Provides Balance to…

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