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SIMMONS ENERGY CONFERENCE – Murphy Oil Corp

Murphy Oil Corp · Mar 1, 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 1
    Simmons & Company Energy Conference 2012 Kevin Fitzgerald Executive Vice President & CFO March 1-2, 2012 M U R P H Y O I L C O R P O R AT I O N
  2. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 2
    Murphy Global Growth Financial Strength Strong Balance Sheet Premium Global E&P Independent Strong Production Growth Exploration Single Well Impacts North American Resource Position Strategic Repositioning Exit Refining…
  3. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 3
    Financial Strength Billion Year-End 2011 Liquidity sources 3.5 3.0 Cash flow 2011 2.5 3.1 billion 2.0 Revolver 1.5 New 5 year 1.5 billion committed 1.0 facility June 2012 0.5 Long term bond market 0.0 Cash Cash Total Very…
  4. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 4
    Resource Base & Reserves 2011* Proved Reserves (MMBOE) 3.4 Billion BOE 600 534 MMBOE 500 400 15% 36% 300 14% 200 10% 25% 100 0 2007 2008 2009 2010 2011 Proved Probable Possible Undeveloped Developed Contingent…
  5. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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% 46%…
  6. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 6
    EXPLORATION MURPHY OIL CORPORATION 7
  7. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 7
    2012 Exploration Program Kurdistan GOM 2 Wells 1-2 Wells Malaysia 4 Wells Brunei 2-3 Wells Congo 1-2 Wells Australia Oil 1-2 Wells Focus on Oil Gas 11-15 Wells (gross) 2012 Oil & Gas Testing over 2.0 Billion BOE Gross…
  8. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 8
    2012 Exploration Program 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 Oil/Gas Prospect Gas…
  9. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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 2011 Wells…
  10. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 13
    Malaysia - Block H SABAH Rotan Floating LNG SARAWAK Phase I Gas Sales 600 BCF 180 MMCFPD for 7 - 9 Years Production Targeted BULUH 2015 ROTAN Drill 2 Wells 1Q 2012 BUNGA LILI DOLFIN Large Prospect Inventory…
  14. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 16
    Impactful Global Exploration 2012 Program Oil Weighted Portfolio Global Exploration Reach 11-15 Gross Wells; 6 Countries Capital Emphasis 2012 300 Million Global Exploration Spend 1.4 Billion North American Resource Spend…
  17. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 18
    North American Resource Portfolio MURPHY OIL CORPORATION 19
  19. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 19
    North American Resource Exposure 2012 Plan Eagle Ford Shale 8 Rigs 121 Wells Drilled Seal 99 Wells Completed Montney Montney Southern Alberta 2 - 3 Rigs 37 Wells (3 Expl.) Eagle Ford Shale Seal Lake 3 - 4 Rigs 69…
  20. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 20
    Eagle Ford Shale Activity TEXAS TILDEN CATARINA KARNES 66 Horizontal Wells Drilled - 47 Producing - 14 Waiting on Completion Murphy Acreage 230,000 Net Acres NUECES Murphy Gas Well 0 10 mi Murphy Acreage…
  21. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 21
    Eagle Ford Shale Net Production boepd 10,000 Well Activity To Date: 9,000 66 Drilled 8,000 47 Producing; 14 Awaiting 7,000 Completion 6,000 8 Rigs Working 5,000 9th Rig mid-March 4,000 3,000 Dedicated Frac Crews 2,000…
  22. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 23
    Montney Evaluating Capital Spend BRITISH COLUMBIA ALBERTA Tupper Main 100 MMCFPD All-in Costs 3.50/MCF Groundbirch British Columbia Alberta 84 Wells on Production Sanction Recovery Tupper West 305 BCF; 3.5 BCF/Well…
  24. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 25
    Southern Alberta ALBERTA Initial Objective Exshaw/Bakken Murphy Acreage Murphy Well Locations Evaluation Phase 6 Appraisal Wells Drilled in 2011 KAINAI Mixed Results Latest Well Tested the Three Forks COOPER Early…
  26. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 26
    North American 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 165,000 Net Acres Acquired…
  27. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 27
    DOWNSTREAM MURPHY OIL CORPORATION 28
  28. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 29
    US Retail 1,131 Stations in 23 States Small Kiosk Format (1,005) Located in Wal-Mart Parking Lots MURPHY OIL CORPORATION 30
  30. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 30
    Murphy Market Share MN MI IA OH IL IN VA CO KY KS MO NC TN SC OK AR NM AL GA MS TX LA 1% - 2% FL 3% - 6% US Market Share 3% 7% - 14% 5% Market Share in our Footprint MURPHY OIL CORPORATION 31
  31. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 32
    Financial Performance High Revenue Business - 2010 US Retail EBITDA Billion Million 14 450 408 12.1 400 12 363 10.6 10.7 350 10 9.7 300 255 8 250 5.8 200 6 164 163 156 150 130 4 100 2 50 0 0 Barnes & Nordstrom Murphy…
  33. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – 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. SIMMONS ENERGY CONFERENCE – Murphy Oil Corp – slide 36
    Simmons & Company Energy Conference 2012 Kevin Fitzgerald Executive Vice President & CFO March 1-2, 2012 M U R P H Y O I L C O R P O R AT I O N

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