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GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp

Murphy Energy Services Lp · Jan 10, 2012 · 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. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 1
    Goldman Sachs Global Energy Conference 2012 David Wood President & Chief Executive Officer January 10, 2012 M U R P H Y O I L C O R P O R AT I O N
  2. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 2
    Murphy Global Growth Strategic Repositioning Exit Refining Advantaged US Retail Premium Global E&P Independent Strong Production Growth North American Resource Position Exploration Single Well Impacts Financial Strength…
  3. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 3
    Financial Strength Billion YTD Sep 2011 Liquidity sources 2.5 Cash flow YTD 2011 2.0 2.3 billion (Sep 30/11) 1.5 Revolver 1.0 New 5 year 1.5 billion committed facility June 2012 0.5 Long term bond market 0.0 Cash Cash Total…
  4. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 4
    Resource Base & Reserves 2010 Proved Reserves (MMBOE) 3,291 MMBOE 455 MMBOE Forecast 600 14% 36% 500 15% 400 10% 300 25% 200 100 2011 500 MMBOE 0 3,400 MMBOE 2007 2008 2009 2010 15% Undeveloped Developed 36% 14%…
  5. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 5
    Production Growth BOEPD Production Mix YRS BOEPD Production by Country 250,000 11.0 250,000 200,000 26% 10.0 200,000 20% 16% 28% 14% 26% 12% 150,000 9.0 150,000 35% 14% 36% 16% 34% 100,000 8.0 100,000 58% 58% 62% 47% 45%…
  6. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 6
    EXPLORATION MURPHY OIL CORPORATION 7
  7. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 7
    2011 - 12 Exploration Program Kurdistan GOM 2 Wells 2-3 Wells Malaysia 4 Wells Brunei 5-6 Wells Congo 1-2 Wells Australia Oil 1-2 Wells Focus on Oil Gas 15-19 Wells (gross) 2011-12 Oil & Gas Testing up to 2.8 Billion…
  8. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 8
    2011 - 2012 Exploration Program Q3 - 11 Q4 - 11 Q1 - 12 Q2 - 12 Q3 - 12 Q4 - 12 BRUNEI CA-1 CA-2 GOM Multiple MALAYSIA Block H KURDISTAN Baranan Central Dohuk CONGO MPN/MPS AUSTRALIA WA-423-P AC/P-36 Oil Prospect…
  9. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 9
    Brunei SABAH BRUNEI CA-1 & CA-2 SARAWAK Multiple Mega- BLOCK CA-1 BLOCK K Structures (5% W.I.) Kikeh Kakap- Gumusut 2012 BLOCK CA-2 (30% W.I.) Two + Wells Julong Center Tualang Meranti North Firm 2011 Well…
  10. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 10
    Congo Significant Prospect Inventory Multiple Play Types Tertiary Clastics Post-Salt Carbonates Pre-Salt Titane New 3D in MPN Confirms Pre-Salt Structures 1-2 Wells in 2012 MURPHY OIL CORPORATION 11
  11. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 11
    Iraq TURKEY Kurdistan Region SYRIA IRAN IRAQ CENTRAL DOHUK Central Dohuk 50% W.I. Operator Jurassic Oil Discovery Seismic Complete Triassic Oil Discovery Spud 2Q 2012 Baranan Block BARANAN 20% W.I. Drilling Spud…
  12. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 12
    Iraq - Central Dohuk 2 Giant Structures Billion Barrel Potential Simplified Legend Pliocene Miocene Oligocene U Eocene 2Q 2012 First Well M, L Eocene Paleocene U Cretaceous L Cretaceous 10 km SW NE Potential in…
  13. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 13
    Malaysia - Block H SABAH Rotan Floating LNG SARAWAK Phase I Gas Sales 600 BCF 180 MMCFPD for 7 - 9 Years Production Targeted ROTAN Buluh 2015 Rotan E. Bemban Drill 2 Wells 1Q 2012 DOLFIN Large Prospect Bunga Lili…
  14. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 14
    Cameroon New Country Entry 500 m 1000 m Ntem Block 1500 m Operatorship & 50% Equity Ntem Multiple Prospects Mapped on 3D Seismic Multi Hundred Million Barrel 2000 m Potential Proven HC Province Under-Explored…
  15. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 15
    Suriname Venezuela Guyana Suriname Block 48 French Guiana Murphy 100% W.I. Signed PSC Dec 2011 Water Depth 2000-2800 m Murphy Blk. 48 794,440 ac 3215 sq. km 2D Seismic Acquisition Planned for 2012 Block 37 Murphy 100%…
  16. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 16
    Impactful Global Exploration 2011 - 12 Program Oil Weighted Portfolio Global Exploration Reach 15-19 Gross Wells; 6 Countries Capital Emphasis 2012 300 Million Global Exploration Spend 1.4 Billion North American Resource…
  17. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 17
    Fields Sanctioned in 2011 Field Block 1st Production Patricia SK 309 2012 Serendah SK 309 2013 South Acis, Permas, SK 311 2013 Endau Siakap North K 2013 Schiehallion North Sea 2016 MURPHY OIL CORPORATION 18
  18. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 18
    North American Resource Portfolio MURPHY OIL CORPORATION 19
  19. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 19
    N. American Resource Exposure 2012 Plan Eagle Ford Shale 8 Rigs 121 Wells Drilled Seal 99 Wells Completed Montney Montney Exshaw/Bakken 2 - 3 Rigs 36 Wells (3 Expl.) Eagle Ford Shale Seal Lake 3 - 4 Rigs 69 Wells…
  20. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 20
    Eagle Ford Shale Activity TEXAS TILDEN CATARINA KARNES 55 Horizontal Wells Drilled - 42 Producing - 10 Waiting on Completion Murphy Acreage 230,000 Net Acres NUECES Murphy Gas Well 0 10 mi Murphy Acreage…
  21. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 21
    Eagle Ford Shale Net Production boepd 10,000 Well Activity To Date: 9,000 55 Drilled 8,000 42 Producing; 10 Awaiting 7,000 Completion 6,000 7 Rigs Working 5,000 2 Karnes; 3 Tilden; 2 Nueces 4,000 3,000 Dedicated Frac Crew…
  22. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 22
    Karnes Field Exceeding Expectations 1000 Daily Oil Production (BPD) 100 10 0 50 100 150 200 250 300 350 400 450 500 Days BOPD Karnes Sanction Type Curve MURPHY OIL CORPORATION 23
  23. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 23
    BRITISH Montney COLUMBIA ALBERTA Tupper Main 100 MMCFPD All-in Costs 3.50/MCF 84 Wells on Production Groundbirch British Columbia Alberta Sanction Recovery 305 BCF; 3.5 BCF/Well (gross) Tupper West Dawson Tupper West…
  24. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 24
    BRITISH Seal COLUMBIA ALBERTA Large Resource 5+ Billion Bbls Oil in Place R18 R17 R16 R15 R14 R13W5 Current Net Production T85 8,500 BOPD T84 EOR Pilots Polymer Flood T83 EUR 60+ MMBBL Prize Positive…
  25. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 25
    Southern Alberta ALBERTA Primary Objective Exshaw/Bakken Murphy Acreage Murphy Well Locations Evaluation Phase 6 Appraisal Wells KAINAI Drilled in 2011 Mixed Results 2 Appraisal Wells Planned for 2012 COOPER CANADA…
  26. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 26
    N. A. Resource Plays Four Play Exposure Three For Oil Predictable Growth Attractive Entry Costs Lease; Drill and Produce all the Time Drives Performance Entry in a Fifth Play Ongoing 100,000 Net Acres Acquired Complements…
  27. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 27
    DOWNSTREAM MURPHY OIL CORPORATION 28
  28. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 28
    Refining Divestiture Completed Sale of US Refineries 2H 2011 Superior, WI - 214 Million plus Inventory Closed Sep 30th Meraux, LA - 325 Million plus Inventory Closed Oct 1st UK Assets to be Split; Process Ongoing MURPHY…
  29. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 29
    US Retail 1,128 Stations in 23 States Small Kiosk Format (1,003) Located in Wal-Mart Parking Lots MURPHY OIL CORPORATION 30
  30. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 30
    Murphy USA 2010 Market Share 1% - 2% US Market Share 3% 3% - 6% 5% Market Share in our 7% - 14% Footprint TN OK MURPHY OIL CORPORATION 31
  31. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 31
    Murphy USA Low Price, High Volume Fuel Seller Low Cost Fuel Supplier Low Cost Operator Low Price Niche Merchandising Partnered with 1 US Retailer Wal-Mart MURPHY OIL CORPORATION 32
  32. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 32
    Financial Performance High Revenue Business - 2010 US Retail EBITDA Billion Million 14 450 408 12.1 400 12 334 10.6 10.7 350 Estimate 10 9.7 300 255 8 250 5.8 200 6 164 163 156 150 130 4 100 2 50 0 0 Barnes &…
  33. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 33
    Biofuels - Ethanol Hankinson Renewable Energy 120 MMGY DDGS Railed to Market Local Corn Supply Hereford Renewable Energy Nameplate Capacity 105 MMGY WDGS Sold to Nearby Feed Lots High Storage Capacity MURPHY OIL…
  34. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 34
    US Retail Strengths Providing Quality Low Cost Fuel where the Customers want it Wal-Mart High Operating Cost Efficiencies High Fuel Volume per Site Tailor Future Sites to Market High Traffic Count MURPHY OIL CORPORATION…
  35. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 35
    Murphy Premium Business Global Footprint Oil Weighted Upstream Production Growth North American Resource Predictability US Retail Top Quartile Business Low Cost When Price Matters; Room for Growth Financial Strength Strong…
  36. GOLDMAN SACHS GLOBAL ENERGY CONFERENCE 2012 – Murphy Energy Services Lp – slide 36
    Goldman Sachs Global Energy Conference 2012 David Wood President & Chief Executive Officer January 10, 2012 M U R P H Y O I L C O R P O R AT I O N

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