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SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp

Murphy Oil Corp · Jul 31, 2014 · 18 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. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 1
    EXPLORATION DRIVEN. DELIVERY FOCUSED. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL & WEBCAST JULY 31, 2014 MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 1
  2. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 2
    Financial Overview 2Q 2Q 1H 1H ( Millions) 2014 2013 2014 2013 Consolidated E&P Cont. Ops (Quarter) Net Income 129.4 402.6 284.7 763.2 Higher Exploration Expenses /Diluted Share 0.72 2.12 1.57 4.00 Higher Extraction Costs in…
  3. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 3
    2Q 2014 - Highlights Record Quarterly Production from Continuing Ops of Over 210,000 BOEPD EFS Quarter Record Performance 52.8+ MBOEPD Production Up 6% from 1Q 2014; Up 33% from 2Q 2013 Cash Flow Positive in 4Q 2014 GOM Dalmatian…
  4. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 4
    Realized Prices 2Q 2014 Production Basis Price Benchmark 2Q 2013 1Q 2014 2Q 2014 Brent 102.44 108.22 109.63 Other (a) WTI 94.22 98.68 102.99 21% Brent 29% Realized Prices (/BBL) Oil- 2Q 2013 1Q 2014 2Q 2014 Indexed Block K (b)…
  5. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 5
    Cash Flow Metrics - Oil Weighted Portfolio EBITDA/BOE, /BOE EBITDAX/BOE, /BOE 60 60 50 50 2013 MUR 2013 MUR 40 40 1Q 2014 Peer Average 1Q 2014 Peer Average 2013 Peer Average 30 2013 Peer Average 30 49.64 49.48 44.95 47.04 20…
  6. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 6
    Operational Metrics Net Production, MBOEPD Lease Operating Expense*, /BOE 212 15.00 2013 210 210 13.00 208 11.86 11.87 11.00 207 10.91 206 2013 9.00 204 Opex 204 Credit for Gas Kikeh 7.00 Liquids 202 Shut In 200 5.00…
  7. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 7
    2Q 2014 Production Variance Net Production, BOEPD 220,000 NA Onshore Near Guidance 810 540 217,000 1,710 1,530 215,000 3,840 Global Offshore Dalmatian Excellent Well 210,190 Performance 210,000 Kikeh Impacts Well Operational…
  8. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 8
    2014 Production Net Production, BOEPD 250,000 8% Growth 2013-14 225,000 2014 Guidance: 220,000 225,000 EFS Production Ramp Dalmatian Startup 200,000 Syncrude Post Maintenance 225,000 175,000 204,436 210,190 SK Oil…
  9. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 9
    2014 - 2015 Exploration Program 2014 2015 Area Prospect 3Q 4Q 1Q 2Q GULF OF MEXICO Titan-1 / ST Urca GOM Wells AUSTRALIA Perth Basin Ceduna Basin MALAYSIA Sarawak Block H NV OPPORTUNITIES Under Evaluation Drilling…
  10. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 10
    Recent Projects - Sanction to Deliverability Gross Production, BOEPD 40,000 35,000 35,000 35,000 30,000 25,000 20,000 21,333 21,700 15,000 15,833 13,250 10,000 10,000 10,167 5,000 0 Dalmation SNP South Acis*…
  11. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 11
    Global Offshore - 2014 Production Growth Block K - Malaysia Kikeh Continue Field Development Work Siakap North-Petai Completed All Well Work in July Achieved 35,000 BOPD Gross Deliverability Target Kakap-Gumusut Progressed…
  12. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 12
    Gulf of Mexico Project Development Dalmatian Development Project 70% W.I. (Operator) Two Wells Started-up in 2Q 2014 Excellent Well Performance Tie-back to Petronius DALMATIAN Medusa Expansion Project 60% W.I. (Operator) MEDUSA…
  13. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 13
    Montney 3 Rigs Working 20 Wells Online in 2014 6.5 BCF + Recent Successes 5-6 MMCFD 2400 psi 5-6 BCF 1 Well 11 MMCFD New Completions ROR 20% 6.5 BCF + 500 Potential Core Locations 3rd Party Gas Processing 60 MMCFD 5-6 BCF…
  14. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 14
    EFS - Running Room 0 10 mi NORTH TILDEN 200 Wells Brought On by Year End CATARINA KARNES 10+ Years Drilling Inventory at Current TILDEN Pace Murphy Acreage Lower EFS Op Lower EFS Lower EFS Upper EFS Total Well Area Net…
  15. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 15
    EFS - Resource Potential Catarina U6 Karnes DS 3 Tilden DS 9 730 MMBOE Tilden U 12 800 Contingent 700 30 Catarina Karnes Unrisked Tilden DS 6 U 31 Downspacing U 61 600 & Performance 800 Catarina Tilden U 64 200 DS 38 500…
  16. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 16
    EFS - Operating Metrics Lease Operating Expense, /BOE 12.00 Net, MBOEPD Oper. Wells 2013 60 450 10.91 10.00 10.09 400 9.79 50 53 8.00 350 50 40 300 6.00 2Q 13 1Q 14 2Q 14 40 250 YTD January through June 30 100 300 200…
  17. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 17
    Guidance - 3Q 2014 3Q 2014 3Q 2014 Guidance Liquids (BOPD) Gas (MCFD) 3Q Production: 225,000 BOEPD 155,500 417,000 US - Eagle Ford Shale 54,500 36,000 Gulf of Mexico 17,000 58,500 Canada - Heavy 7,000 4,000 Montney 141,000…
  18. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 18
    Takeaways Offshore Projects Support Production Growth for 2nd Half 2014 On-Track for 3rd Consecutive Year Record Production at 8% Growth over 2013 Mid-Year Reserve Adds Leading to 4th Straight Year in Excess of 150% Replacement…

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