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Q1 2015 Supplement Information – Hess Corp

Hess Corp · Apr 29, 2015 · 29 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. Q1 2015 Supplement Information – Hess Corp – slide 1
    First Quarter 2015
  2. Q1 2015 Supplement Information – Hess Corp – slide 2
    OPERATING RESULTS 1
  3. Q1 2015 Supplement Information – Hess Corp – slide 3
    Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity In millions, except per share data 1Q 1Q 4Q 2015 2014 2014 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP)…
  4. Q1 2015 Supplement Information – Hess Corp – slide 4
    Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity In millions, except per share data 1Q 1Q 4Q 2015 2014 2014 Adjusted Net Income (Loss)* Exploration and Production (193)…
  5. Q1 2015 Supplement Information – Hess Corp – slide 5
    Items Affecting Comparability of Earnings Between Periods (Amounts are after income taxes) 1Q 2015 Exploration and Production Results include: A charge of 67 million to write-off a previously capitalized exploration well and…
  6. Q1 2015 Supplement Information – Hess Corp – slide 6
    Items Affecting Comparability of Earnings Between Periods (Amounts are after income taxes) 1Q 2014 Exploration and Production Earnings include a charge of 6 million for employee severance. Corporate, Interest and Other Results…
  7. Q1 2015 Supplement Information – Hess Corp – slide 7
    Items Affecting Comparability of Earnings Between Periods (Amounts are after income taxes) 4Q 2014 Exploration and Production Earnings include: A charge of 48 million for remeasurement of deferred taxes resulting from legal entity…
  8. Q1 2015 Supplement Information – Hess Corp – slide 8
    Consolidated Adjusted Net Income (Loss) Millions 1Q 2015 vs. 1Q 2014 1Q 2015 vs. 4Q 2014 500 446 (707) 500 400 400 300 300 200 200 100 100 53 (340) (279) (279) - - (100) (100) (200) (2) (16) (200) 8 (300) (300) 1Q…
  9. Q1 2015 Supplement Information – Hess Corp – slide 9
    Analysis of Consolidated Adjusted Net Income (Loss) 1Q 2015 vs. 1Q 2014 Exploration and Production The decrease in earnings was primarily attributable to lower realized selling prices and higher depreciation, depletion and…
  10. Q1 2015 Supplement Information – Hess Corp – slide 10
    Exploration and Production Adjusted Net Income (Loss) Millions 1Q 2015 vs. 1Q 2014 1Q 2015 vs. 4Q 2014 550 514 (706) 550 500 500 450 450 400 400 350 350 300 300 250 250 200 200 147 (363) 150 150 100 100 50 (193) 50 (193) -…
  11. Q1 2015 Supplement Information – Hess Corp – slide 11
    Worldwide Oil & Gas Production MBOEPD 1Q 2015 vs. 1Q 2014 1Q 2015 vs. 4Q 2014 450 450 400 59 (3) 3 (16) 361 400 362 10 (5) (12) 361 6 350 318 350 10 300 24 300 250 250 200 200 352 150 294 150 100 100 50 50 - - 1Q 2014…
  12. Q1 2015 Supplement Information – Hess Corp – slide 12
    Capital and Exploratory Expenditures Millions Three Months Ended 1,400 March 31, 1,300 2015 2014 1,200 179 86 Exploration and Production 1,100 United States Bakken 471 451 1,000 249 309 Other Onshore 83 171 900 Total…
  13. Q1 2015 Supplement Information – Hess Corp – slide 13
    OTHER INFORMATION 12
  14. Q1 2015 Supplement Information – Hess Corp – slide 14
    2015 Guidance to Investors Guidance*** Actual Full Year 2Q 1Q Production (MBOEPD) Pro forma 350 - 360 355 - 365 361 Bakken 95 - 105 100 - 110 108 Unit Cost (/BOE)* Cash Costs 17.50 - 18.50 17.50 - 18.50 17.90 DD&A 28.50 - 29.50…
  15. Q1 2015 Supplement Information – Hess Corp – slide 15
    BAKKEN OPERATIONAL DATA 14
  16. Q1 2015 Supplement Information – Hess Corp – slide 16
    Bakken Production - 2015 Net Production by Product 2015 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 79 79 NGL MBBLPD 19 19 Gas MMCFPD 58 58 Total MBOEPD* 108 108 Net Production by Operatorship 2015 YTD Avg 4Q 3Q 2Q 1Q Operated MBOEPD 96…
  17. Q1 2015 Supplement Information – Hess Corp – slide 17
    Bakken Production - 2014 Net Production by Product 2014 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 66 78 63 64 58 NGL MBBLPD 10 16 15 8 2 Gas MMCFPD 40 50 46 48 15 Total MBOEPD* 83 102 86 80 63 Net Production by Operatorship 2014 YTD…
  18. Q1 2015 Supplement Information – Hess Corp – slide 18
    Bakken Operational Well Statistics - 2015 Hess Operated Wells 2015 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 12 12 Drilling Days Spud-to-Spud 21 21 2015 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 60 60 Completion by…
  19. Q1 2015 Supplement Information – Hess Corp – slide 19
    Bakken Operational Well Statistics - 2014 Hess Operated Wells 2014 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 17 17 17 17 17 Drilling Days Spud-to-Spud 22 22 22 22 23 2014 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 261…
  20. Q1 2015 Supplement Information – Hess Corp – slide 20
    Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 110 Dunn_3F Dunn_MB McKenzie_3F McKenzie_MB 100 Mountrail_3F Mountrail_MB Williams_3F Williams_MB 9 90 4 80 16 70 14 60 17 4 9 3 50…
  21. Q1 2015 Supplement Information – Hess Corp – slide 21
    Bakken Well Costs, Working Interest and Acreage - 2015 Average Well Cost - Hess Operated 2015 YTD 4Q 3Q 2Q 1Q Drilling MM/Well 3.9 3.9 Completion MM/Well 2.9 2.9 Total MM/Well 6.8 6.8 Average Working Interest of New Wells Spud…
  22. Q1 2015 Supplement Information – Hess Corp – slide 22
    Bakken Well Costs, Working Interest and Acreage - 2014 Average Well Cost - Hess Operated 2014 YTD 4Q 3Q 2Q 1Q Drilling MM/Well 4.3 3.9 4.2 4.5 4.7 Completion MM/Well 3.0 3.2 3.0 2.9 2.8 Total MM/Well 7.3 7.1 7.2 7.4 7.5…
  23. Q1 2015 Supplement Information – Hess Corp – slide 23
    UTICA OPERATIONAL DATA 22
  24. Q1 2015 Supplement Information – Hess Corp – slide 24
    Utica Production - 2015 Net Production by Product 2015 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 2 2 NGL MBBLPD 4 4 Gas MMCFPD 65 65 Total MBOEPD* 17 17 Net Production by Operatorship 2015 YTD Avg 4Q 3Q 2Q 1Q Operated MBOEPD 9 9…
  25. Q1 2015 Supplement Information – Hess Corp – slide 25
    Utica Production - 2014 Net Production by Product 2014 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 1 1 2 - - NGL MBBLPD 2 4 2 1 1 Gas MMCFPD 36 45 39 37 23 Total MBOEPD* 9 13 11 7 5 Net Production by Operatorship 2014 YTD Avg 4Q 3Q 2Q…
  26. Q1 2015 Supplement Information – Hess Corp – slide 26
    Utica Operational Well Statistics - 2015 Hess/CNX Operated Activities 2015 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 2 2 2014 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 5 5 Completion by Qrtr 4 4 On Production by Qrtr…
  27. Q1 2015 Supplement Information – Hess Corp – slide 27
    Utica Operational Well Statistics - 2014 Hess/CNX Operated Activities 2014 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 4 3 4 4 4 2014 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 38 10 10 10 8 Completion by Qrtr 36 10 11…
  28. Q1 2015 Supplement Information – Hess Corp – slide 28
    Utica Well Costs, Working Interest and Acreage - 2015 Average Well Cost - Hess Operated 2015 YTD 4Q 3Q 2Q 1Q Drilling MM/Well 6.5 6.5 Completion MM/Well 3.9 3.9 Total MM/Well 10.4 10.4 Drilling /Ft 420 420 Completion M/Stage…
  29. Q1 2015 Supplement Information – Hess Corp – slide 29
    Utica Well Costs, Working Interest and Acreage - 2014 Average Well Cost - Hess Operated 2014 YTD 4Q 3Q 2Q 1Q Drilling MM/Well 6.8 6.6 6.7 6.7 7.4 Completion MM/Well 6.9 7.0 7.4 7.4 5.9 Total MM/Well 13.7 13.6 14.1 14.1 13.3…

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