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FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp

Murphy Oil Corp · May 1, 2014 · 16 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. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 1
    EXPLORATION DRIVEN. DELIVERY FOCUSED. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL & WEBCAST MAY 1, 2014 MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 1
  2. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 2
    Financial Overview ( Millions) 1Q 2014 1Q 2013 Share Repurchase Consolidated Commenced 4th 250 Million Tranche - 4,018,000 Net Income 155.3 360.6 Shares Received to Date /Diluted Share 0.85 1.88 Complete in May 1.0 Billion to Date…
  3. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 3
    1Q 2014 - Operational Highlights Company Production Records in March Single Day rate just over 226 MBOEPD Averaged Near 222 MBOEPD EFS Quarter Record Production 49.6+ MBOEPD Up 18% from 4Q 2013 Up 72% from 1Q 2013 Major…
  4. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 4
    Price Advantaged Oil Benchmark 1Q 2013 4Q 2013 1Q 2014 Brent Weighted with Price Diversity Brent 112.55 109.27 108.22 Oil-Indexed Gas WTI 94.37 97.46 98.68 Realized Prices (/BBL) 1Q 2013 4Q 2013 1Q 2014 1Q 2014 Production Basis…
  5. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 5
    Financial Metrics EBITDA/BOE, /BOE EBITDAX/BOE, /BOE 60 60 50 50 2013 MUR 2013 MUR 40 40 2013 Peer Average 2013 Peer Average 30 30 20 20 10 10 0 0 1Q 13 4Q 13 1Q 14 1Q 13 4Q 13 1Q 14 Peer Group: APA, APC, COP, DVN,…
  6. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 6
    Operational Metrics Net Production, MBOEPD Lease Operating Expense*, /BOE 220 25.00 2013 200 Kikeh 20.00 Shut In 180 2013 15.00 160 10.00 140 5.00 120 100 0.00 1Q 13 4Q 13 1Q 14 1Q 13 4Q 13 1Q 14 * Excludes…
  7. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 7
    EFS - Running Room NORTH TILDEN Downspacing Working CATARINA KARNES 1,750+ Locations Remaining TILDEN 10+ Years Inventory 0 10 mi Murphy Acreage Operated Non-Operated Spacing Potential Wells Total Well Area Net Acres Wells…
  8. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 8
    EFS - Staggered Downspacing MBOE Karnes: JOG 1H MBOE Tilden: Saylee South MBOE Catarina: Briggs 1H-3H Jog 1H Eagle Ford Type Log - Karnes Upper EFS Potential Upper EFS Well Saylee South 2012 Upper EFS Well Two Year Production…
  9. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 9
    EFS Operating Metrics Net, MBOEPD Oper. Wells Lease Operating Expense, /BOE 60 400 20.00 350 15.00 2013 50 10.00 300 5.00 40 250 0.00 2013 1Q 13 4Q 13 1Q 14 30 200 Complete, /CLAT* Drill, /ft 1,200 300 150 20 1,000 250…
  10. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 10
    Global Offshore Malaysia SNP Sanctioned October 2011 First Oil February 2014 77 MMBO Gross 6 Producers Currently Online 8 Producers & 5 Water Injectors Tie-Back to Kikeh FPSO MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR…
  11. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 11
    Long Term Oil-Indexed Gas Partnered with PETRONAS Global Leader in LNG Block H Phase I Rotan & 3 Satellite Fields Project Sanctioned Feb 2014 Gas Sales Agreement In Place SK Gas 1.5 TCF EUR Resource 300 MMCFD Capacity MMCFPD…
  12. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 12
    Global Offshore GOM Dalmatian Two-well Subsea Tie-back to Petronius 40 MMBOE Gross Resource First Production April 20th Dalmatian North Dalmatian Third Well Planned for 2015 PETRONIUS Viosca Knoll 786 2014 Ramp-up, Net…
  13. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 13
    2014 Exploration Program Anticipated Spud 2014 Area Prospect Resource Q1 Q2 Q3 Q4 GULF OF MEXICO Titan-1 200 MMBOE Urca 130 MMBOE Whydah 85 MMBOE Opal (Non-Op) 200 MMBOE CAMEROON Bamboo-1 EQUATORIAL GUINEA Block W NAMIBIA 2613 A/B…
  14. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 14
    2014 Production Production (BOEPD) 250,000 EFS Production Growth 225,000 230,000 225,000 SK Oil Developments 200,000 Siakap North-Petai 175,000 Dalmatian Project 150,000 1Q 2014 2Q 2014E 2014E Kakap-Gumusut Main Field MURPHY…
  15. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 15
    Guidance - 2Q 2014 2Q 2014 2Q 2014 Guidance Liquids (BOPD) Gas (MCFD) Q2 Production: 217,000 BOEPD 145,000 432,000 US - Eagle Ford Shale 49,500 32,000 Gulf of Mexico 13,500 49,000 Canada - Heavy 8,000 5,000 Montney 127,000…
  16. FIRST QUARTER 2014 EARNINGS CONFERENCE CALL – Murphy Oil Corp – slide 16
    Takeaways Double Digit Production Growth High Margin, Oil-weighted portfolio with Price Diversity Operated Field Developments Progressing Active Exploration & Business Development GOM Farm-ins to Urca & Kodiak Drilling Norphlet…

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