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HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp

Murphy Energy Services Lp · Mar 19, 2013 · 32 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. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 1
    Howard Weil 2013 Energy Conference Roger Jenkins Executive Vice President & COO March 19, 2013 M U R P H Y O I L C O R P O R AT I O N
  2. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 2
    Focus on Shareholders Dividends, /share 1.40 1.20 1.00 * Reliable Dividend Growth 0.80 0.60 0.40 US Retail Spin 0.20 0.00 Ongoing Share Repurchase 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013E *Excludes Special…
  3. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 3
    Murphy USA - Strongly Positioned 1,171 US Retail Stations 23 States 1,016 Located on Walmart Parking Lots 155 Stand Alone Sites 200 New Sites with Walmart Contract Signed in December Build Out Process Underway 7 Terminals…
  4. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 4
    Growing Resource Profile 250 Production, mboepd Industry Leading Production Growth 200 150 Oil Weighted 100 70 Million BOE 2012 Reserve Addition 90% 93% 84% 82% 74% 73% 79% 50 5 Yr. Average Replacement: 157% 0 86% Capex - Oil…
  5. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 5
    Price Advantaged Oil Prices* Oil Production 140 130 Other 120 East Coast 19% EFS Canada 23% 110 7% /BBL 100 GOM 11% 90 Malaysia 80 40% * Prior to Supplemental Payments 70 *Other: Canada Onshore, UK &Congo Malaysia…
  6. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 6
    E&P Business Model Global Find Oil and Gas in Be a Preferred Underexplored Offshore Offshore Basins Partner Global Exploration First Offshore Execution Ability Demonstrate Superior Project Execution and Field Operation…
  7. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 7
    2012 - Very Successful Year Find Oil and Gas in 7 Discoveries from 10 Wells Underexplored Offshore Basins 80 MMBOE Net Added 10 Million Operated Offshore Acres Be a Preferred 5 Core Countries; 50% Average Equity Partner Murphy…
  8. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 8
    EXPLORATION MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 9
  9. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 9
    Exploration Exploration Focus Regions Play Type Focus: Large Structures in New Areas or Plays Oil-Prone Deepwater Stratigraphic Plays 1 Multiple Structures - Cluster Development 2 3 Program Goal: 4 Consistent 10 Well per…
  10. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 10
    Exploration Prospect Portfolio 900 Gross P50 Resource 800 By Region Gross P50 Resources (mmboe) 700 Gulf of Australia 2013 Wells Mexico 21% 600 24% 500 Atlantic Margins SE Asia 28% 28% 400 300 200 6,100 MMBOE Total…
  11. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 11
    2013 Exploration BLOCK EQUITY Q1 - 13 Q2 - 13 Q3 13 Q4 13 Kelidang NE-1 BRUNEI CA-2 30% Serai-1 & Bawang Putih-1 INDONESIA Semai II 28% Eupheme-1 AUSTRALIA Browse Basin 20% Bassett West-1 Dufresne-1 Elombo Shallow Water…
  12. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 12
    Asia Pacific Gas Exploration Strategy Oil-Linked Prices Regional Focus Malaysia Brunei Australia E. Indonesia Partner with Value Chain LNG Players FLNG Petronas, Inpex, Mitsubishi Operator Expertise in Upstream…
  13. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 13
    Malaysia Block H 7 Consecutive Discoveries 1.5MTPA FLNG Operated by PETRONAS Progressing FLNG FEED Sanction Planned Late 2013 MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 14
  14. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 14
    Brunei CA-2 Gas Exploration Kelidang NE-1 Results in Q1 BRUNEI Deep Offshore Block CA2 Siakap North- Multiple Follow-Up Prospects BLOCK CA-1 (5% W.I.) BLOCKK Petai Kikeh BLOCK CA-2 Kakap- Gumusut Murphy W.I. 30% (30% W.I.)…
  15. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 15
    Australia Browse Basin Large Prospects in a Proven Play Bassett West-1 Currently Drilling Results in Q2 Dufresne-1 Next to Drill Resource Gross Net Results in Q3 (TCF) Mean High Mean High Basset Deep 5.0 10.9 1.1 2.4 FLNG…
  16. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 16
    Cameroon Multiple Prospects and Leads Late Cretaceous Stacked Fan Play Early Tertiary Stacked Channel Play 2,600 MMBOE Total Gross P50 Drilling Elombo 3rd Quarter MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 17
  17. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 17
    Murphy GOM Plays 3 Play Types 1,465 MMBOE Total Titan Gross P50 Whydah Medusa Thunder Hawk 160 MMBOE Total Net P50 Risked Front Runner Multiple Prospects & Seville Leads Murphy Leasehold Mid - Lower Miocene Sub-Salt…
  18. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 18
    GLOBAL OFFSHORE MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 19
  19. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 19
    Global Offshore Malaysia - Shallow Water First Oil Patricia (85% W.I.) Q4 - 2013 Serendah (85% W.I.) Q2 - 2013 South Acis (85% W.I.) Q3 - 2013 Permas (85% W.I.) Q4 - 2013 140,000 WTI/Brent 88 / 109 90 / 105 65 Malaysia - Deep…
  20. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 20
    Malaysia: 2 Key Areas 140,000 Kikeh Oil Kakap Oil 120,000 Sabah New Completions 100,000 Kikeh - New Gross BOEPD 80,000 Completion Designs 60,000 40,000 Working 20,000 Kakap Above Plan 0 300 Rate SK GAS 250…
  21. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 21
    North America Offshore East Coast Canada Brent Prices Strong Margins 35,000 30,000 GOM 25,000 Strong Net Income & Cash Terra Nova 20,000 Hibernia Flow Provider BOEPD 15,000 Front Runner Back in Growth Mode Medusa…
  22. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 22
    NORTH AMERICA ONSHORE MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 23
  23. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 23
    Montney Syncrude North America Onshore Seal S. Alberta Build on 60+ Year Presence in Eagle Ford Shale Canada WTI/Brent 88 / 109 90 / 105 90,000 45 Early Entry in Montney and 80,000 EFS- Higher Returns 70,000 60,000…
  24. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 24
    Eagle Ford Shale N TILDEN KARNES 153,500 Net Acres 90% Oil + Condensate 9 Rigs 4 Frac Crews TILDEN CATARINA 238 Wells Drilled 181 Wells Producing 16 Facilities NUECES 0 10 mi Pipeline Projects in Place MURPHY OIL…
  25. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 25
    Eagle Ford Shale Net, BOEPD 80 Acre Spacing 35,000 1,500 Locations 30,000 300 MMBO Net 25,000 20,000 95 MMBOE Booked Proven (87% Oil) 15,000 Moving to 8 Rigs 10,000 Production Guidance Increase Ahead 5,000 0 Free Cash Flow…
  26. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 26
    Murphy EFS API Gravities N TILDEN KARNES Average March Net Back Prices Oil /Bbl Rich Gas /Mcf 103.00 5.60 TILDEN Estimated Oil API Gravity 38 - 41 CATARINA 42 - 43 Weighted Average 44 - 45 API = 44.5 o 46 - 47 48 -…
  27. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 27
    EFS - Upside N TILDEN KARNES Shearrer 1H DH Unit 1H Pilot Hole Plug to EFS Pearsall Shale Hz w/ Pilot hole & Core Flowing 220+ BOPD Wells 48,000 Acres Herbst-May 2 Vertical Pearsall Pilot hole TILDEN Peeler 1H Hz w/ Pilot…
  28. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 28
    Montney De-risked, Quality, Option-value Add a map De-Risked Asset 3% of All Montney Acreage 14% of Total Production Highly Concentrated Position Recent Liquids Success 150,000 Net Acres Breakeven NYMEX Gas Price, /mmbtu…
  29. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 29
    Seal - Long Term Oil Production Recent Bolt-On Seal 2013 Polymer Land, Facility, Production 2013 Thermal Focus Focus North 5,850 MMBBLS Oil In Place Harmon Valley Seal Significant Reserve Upside Chipmunk Dawson Polymer…
  30. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 30
    Murphy E&P 2013 Find Oil and Gas in Underexplored Offshore 10 to 12 Well Exploration Program Basins Targeting 800 MMBOE Net, 224 MMBOE Net Risked Be a Preferred Partner Continue to Expand Portfolio in Core Areas Demonstrate…
  31. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 31
    Murphy Value Proposition Murphy Oil Corporation Consistent Production and Reserves Growth Needle Moving Exploration Program Complementary Onshore Business with New Legacy Asset - Eagle Ford Shale Development Capability Strong…
  32. HOWARD WEIL 2013 ENERGY CONFERENCE – Murphy Energy Services Lp – slide 32
    Howard Weil 2013 Energy Conference Roger Jenkins Executive Vice President & COO March 19, 2013 M U R P H Y O I L C O R P O R AT I O N

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