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Q3 2014 Earnings – Murphy Oil Corp

Murphy Oil Corp · Oct 30, 2014 · 17 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. Q3 2014 Earnings – Murphy Oil Corp – slide 1
    THIRD QUARTER 2014 EARNINGS CONFERENCE CALL & WEBCAST OCTOBER 30, 2014 MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 1
  2. Q3 2014 Earnings – Murphy Oil Corp – slide 2
    Financial Overview 9 Mo. 9 Mo. E&P Cont. Ops (3Q 14 v. 3Q 13) ( Millions) 3Q 2014 3Q 2013 2014 2013 Higher Hydrocarbon Sales Volumes Consolidated Lower Exploration Expenses Net Income 245.7 284.8 530.4 1,048.0 Higher Overall…
  3. Q3 2014 Earnings – Murphy Oil Corp – slide 3
    3Q 2014 - Highlights Portfolio Optimization Sell- Down 30% of Murphy Malaysia for 2.0 billion Closed on U.K. Retail Sale Sep 30th Scheduled to Close Milford Haven Refinery Sale Oct 31st Approved a New 500 Million Share Repurchase…
  4. Q3 2014 Earnings – Murphy Oil Corp – slide 4
    Continued Shareholder Focus Regular Dividends*, /sh Dividend Growth 1.60 0.15/sh Increase from 1.25/sh to 1.40/sh 1.40 1.20 Announced Aug 6, 2014 1.00 0.80 Share Repurchase Program 0.60 Announced a New 500 Million Program Aug 6,…
  5. Q3 2014 Earnings – Murphy Oil Corp – slide 5
    Realized Oil Prices Benchmark 3Q 2014 Production Basis Price 3Q 2013 2Q 2014 3Q 2014 (/BBL) Brent 110.36 109.63 101.85 (a) 19% WTI 105.83 102.99 97.17 28% Realized Prices (/BBL) 13% 3Q 2013 2Q 2014 3Q 2014 Brent Block K (b)…
  6. Q3 2014 Earnings – Murphy Oil Corp – slide 6
    Cash Flow Metrics - Oil Weighted Portfolio 60 EBITDA/BOE, /BOE 60 EBITDAX/BOE, /BOE 55 55 50 50 45 45 40 40 53.84 48.47 49.33 48.80 47.95 35 46.09 35 43.77 41.42 42.14 41.26 39.60 36.52 36.75 30 30 33.54 25 25…
  7. Q3 2014 Earnings – Murphy Oil Corp – slide 7
    Supply Cost (YTD, September 2014) Oil Fields Opex /BOE DD&A /BOE Eagle 15.22 28.18 43.40 Ford Block K 15.39 26.10 41.49 Gulf of Mexico 13.99 26.35 40.34 87% of Liquids Production SK Oil* 10.65 27.56 38.21 Canada 16.30…
  8. Q3 2014 Earnings – Murphy Oil Corp – slide 8
    Operational Metrics Net Production, MBOEPD Lease Operating Expense*, /BOE 235 15.00 14.61 225 13.00 230 215 11.95 11.00 11.44 205 10.53 9.00 210 195 207 206 7.00 185 175 5.00 3Q 13 2Q 14 3Q 14 2013 3Q 13 2Q 14 3Q…
  9. Q3 2014 Earnings – Murphy Oil Corp – slide 9
    3Q 2014 Production Variance 240,000 Net Production, BOEPD 235,000 1,131 2,300 3,556 875 3Q Production Exceeds Guidance 1,139 229,759 230,000 4,386 GOM Well Performance 225,000 SK Oil & Gas 225,000 Increased Gas Nominations South…
  10. Q3 2014 Earnings – Murphy Oil Corp – slide 10
    2014 Production Full Year Net Production, BOEPD 250,000 4Q Production Growth 2014 Guidance: 220,000 225,000 225,000 200,000 250,000 9% Growth 2013 to 2014 175,000 204,436 210,190 229,759 Major Subsea Execution Work Completed…
  11. Q3 2014 Earnings – Murphy Oil Corp – slide 11
    2014 2015 Exploration Program 2014 2015 AREA PROSPECT 3Q 4Q 1Q 2Q GULF OF MEXICO Urca GOM Wells AUSTRALIA Perth Basin Ceduna Basin MALAYSIA Sarawak Planned Well Tentative Well Program 3D Seismic MURPHY OIL…
  12. Q3 2014 Earnings – Murphy Oil Corp – slide 12
    Global Offshore Malaysia Gulf of Mexico Sell-Down 30% Dalmatian 2.0 Billion Marks Value of Business Two Wells Started-up in 2Q 2014 Siakap North-Petai Excellent Well Performance Production to Plan Tie-back to Petronius Adding…
  13. Q3 2014 Earnings – Murphy Oil Corp – slide 13
    Montney Recent Well Performance 12-17 Pad 6-35 Pad 12-17 Pad 6-35 Pad Foam (100 Ton) Slick Water (100 Ton) Historical Foam (50 Ton) 3 Rigs Drilling 19 New Wells Online in 2014 New Completions Working 6.5 BCF Current EUR…
  14. Q3 2014 Earnings – Murphy Oil Corp – slide 14
    Eagle Ford Shale - Running Room 0 10 mi NORTH TILDEN 200 Wells CATARINA Brought On by KARNES Year-End TILDEN 10+ Years Drilling Inventory at Murphy Acreage Current Pace Lower EFS Op & Lower EFS Spacing Lower EFS Wells…
  15. Q3 2014 Earnings – Murphy Oil Corp – slide 15
    Upper EFS Pilots Staggered Upper & Lower Karnes Upper vs. Lower Wells Upper EFS Performance Karnes: Staggered Upper & Lower EFS 2+ Years History on 60+ Acre 70 Long History Spacing in Karnes Upper EFS 300 Initial Tilden Results…
  16. Q3 2014 Earnings – Murphy Oil Corp – slide 16
    EFS - Operating Metrics Lease Operating Expense, /BOE 12.00 Net, MBOEPD Oper. Wells 2013 70 500 10.00 450 9.79 60 61 9.32 400 8.00 8.53 50 350 53 6.00 3Q 13 2Q 14 3Q 14 40 46 300 250 Complete, /CLAT* Drill, /ft 30 1,200…
  17. Q3 2014 Earnings – Murphy Oil Corp – slide 17
    Guidance - 4Q 2014 4Q 2014 4Q 2014 Guidance Liquids (BOPD) Gas (MCFD) 4Q Production: 170,000 480,000 US - Eagle Ford Shale 58,000 39,000 Gulf of Mexico 20,000 67,000 Canada - Heavy 6,800 5,000 Montney - 170,000 Offshore 9,200 -…

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