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TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp

Murphy Oil Corp · Aug 11, 2011 · 39 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. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 1
    Tudor Pickering Holt 2011 Hotter N Hell Energy Conference Kevin Fitzgerald Senior Vice President & CFO August 11, 2011 M U R P H Y O I L C O R P O R AT I O N
  2. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 2
    Murphy Global Growth Strong Production Growth Premium N. Am Resource Position Impactful Exploration Program Advantaged US Retail Strategic Repositioning Exit Refining Financial Strength MURPHY OIL CORPORATION 3
  3. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 3
    Production Growth 300 MBOEPD in 2015 350,000 Barrels Oil Equivalent per Day 300,000 Eagle Ford Shale Oil & Gas 250,000 115,000 Canada - Seal Oil & Montney Gas Malaysia SK; Siakap N Oil & Rotan FLNG 200,000 Eagle Ford Shale Karnes ;…
  4. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 4
    Total Hydrocarbon Base Forecast 2009 2010 2011 2,814 MMBOE 3,291 MMBOE 3,400 MMBOE 439 MMBOE 455 MMBOE 500 MMBOE 18% 16% 14% 15% 36% 36% 14% 15% 14% 37% 15% 10% 10% 25% 25% Proved Probable Possible Contingent…
  5. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 5
    Reserves & Production Replacement Proved Reserves (MMBOE) 600 Developed Undeveloped Reserve Replacement 500 131% Annual Avg. Last 4 Years 400 124% in 2010 300 Growing Production Profile 200 100 Increasing R/P 0 2007 2008…
  6. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 6
    EXPLORATION MURPHY OIL CORPORATION 7
  7. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 7
    2011 - 12 Exploration Program Kurdistan GOM 2 Wells 3-4 Wells Malaysia 5-8 Wells Brunei 5-12 Wells Congo Indonesia 2-3 Wells 1-4 Wells Australia Oil 1-2 Wells Focus on Oil Gas 19-35 Wells (gross) 2011-12 Oil & Gas…
  8. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 8
    2011 - 2012 Exploration Program Q3 - 11 Q4 - 11 Q1 - 12 Q2 - 12 Q3 - 12 Q4 - 12 INDONESIA Semai ll South Barito BRUNEI CA-1 CA-2 GOM Multiple MALAYSIA Block H KURDISTAN Baranan Central Dohuk CONGO MPN AUSTRALIA WA-423-P…
  9. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 9
    US Gulf of Mexico Deep Blue GC 723 Murphy W.I. = 9.375% Lower Miocene Depth Structure 679 680 681 Main Hole Encountered Constitution 32 Oil Pay Updip Side Track Permit Approved 723 724 725 Rig On Location. Running Riser…
  10. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 10
    Brunei SABAH BRUNEI CA-1 & CA-2 SARAWAK Multiple Mega- Structures BLOCK CA-1 BLOCK K Similar to Kikeh (5% W.I.) Kikeh 2011 Kakap- Gumusut 4 Firm Wells BLOCK CA-2 (30% W.I.) 2 Rigs Julong September Spuds Center 2012…
  11. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 11
    Congo Significant Potential Multiple Play Types; Large Prospect Inventory Post-Salt Carbonates Pre-Salt Titane New 3D in MPN Confirms Pre- Salt Structures TRQM & Titane Tie Backs Being Worked 2-3 Wells in 2012 MURPHY…
  12. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 12
    TURKEY Iraq SYRIA IRAN IRAQ MURPHY Central Dohuk Triassic Oil Discovery Central Dohuk 50% W.I. Operator Jurassic Oil Discovery Seismic Ongoing Spud Early 2012 Baranan Block TALISMAN Baranan 20% W.I. Drilling Spud Late…
  13. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 13
    Iraq Central Dohuk 2 Giant Structures Linnava: 3 - 6 Billion BBLS STOIIP Simplified Legend Pliocene Gali: 1 - 3 Billion BBLS STOIIP Miocene Oligocene U Eocene M, L Eocene 2012 First Well Paleocene U Cretaceous L…
  14. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 14
    Malaysia - Block H SABAH SARAWAK Rotan Floating LNG Phase I Gas Sales 600 BCF 180 MMCFPD for 7 - 9 Years ROTAN First Production 2015 Running Room in Block DOLFIN MURPHY OIL CORPORATION 15
  15. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 15
    Impactful Global Exploration 2011 - 12 Program Global Exploration Reach 19-35 Gross Wells; 7 Countries Capital Emphasis 2011 440 Million Global Exploration Spend 1.45 Billion North American Resource Spend Multiple Prospects…
  16. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 16
    North American Resource Portfolio MURPHY OIL CORPORATION 17
  17. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 17
    N. American Resource Exposure 2011 Program Eagle Ford Shale Montney Seal 5-7 Rigs; 46 Wells 20 Expl. / 26 Dev. Exshaw/Bakken Montney 4-6 Rigs; 55 Wells Eagle Ford Shale Seal Lake 2 Rigs; 60 Wells Exshaw/Bakken 1 Rig; 6-9…
  18. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 18
    Eagle Ford Shale Activity KARNES TEXAS TILDEN CATARINA 35 Horizontal Wells Drilled - 25 Producers - 10 Waiting on Completion Murphy Acreage NUECES 220,000 Net Acres Murphy Gas Well 0 10 mi Murphy Oil Well…
  19. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 19
    Eagle Ford Shale TEXAS Well Activity To Date: Drilled 35 Producers 25; Awaiting Frac 10 Producing 6,000 BOPD & 6 MMCFPD (gross) 5 Rigs Working; 7 Rigs by Year-end 3 Karnes; 1 Tilden; 1 Catarina Dedicated Frac Crew Complete 3-5…
  20. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 20
    BRITISH Montney COLUMBIA ALBERTA Tupper Main 100+ MMCFPD All-in Costs Below 3.75/MCF Groundbirch 81 Wells on Production British Columbia Alberta Sanction Recovery Tupper West 305 BCF; 3.5 BCF/Well (gross) Dawson Creek…
  21. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 21
    BRITISH COLUMBIA Seal ALBERTA Murphy 100% Lands Murphy Acreage Murphy 50% W.I. Lands 182,000 Acres Large Resource 5+ Billion Bbls Oil in Place Current Net Production 7,500 BOPD New Development Plan EOR Pilots Polymer Flood…
  22. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 22
    Southern Alberta ALBERTA Primary Objective Exshaw/Bakken Evaluation Phase 4 Wells Drilled to Date Spud 5th Well 2 Producers; 1 Evaluating; 1 Awaiting Completion 6-9 Wells in 2011 MURPHY OIL CORPORATION 23
  23. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 23
    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 Complements Global Exploration MURPHY…
  24. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 24
    FIELD DEVELOPMENT MURPHY OIL CORPORATION 25
  25. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 25
    Malaysia - Kikeh SABAH SARAWAK Field Development Ongoing Production Oil = 58,000 BOPD Gas = 75 MMCFPD Workover Program Ongoing First Gravel Pack Successful Spar Rig Arrives in August MURPHY OIL CORPORATION 26
  26. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 26
    Malaysia - Sarawak Gas LEGEND SABAH Oil / Gas Field Oil / Gas Discoveries Prospect Gas Holding Ring Fence Oil / Gas Pipeline SARAWAK 0 25 KILOMETERS SAPIH ENDAU TIRAM Production (gross) Gas = 260 MMCFPD SERAMPANG…
  27. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 27
    Malaysia - Fields to Sanction 2011 Field Block 1st Production * Patricia SK 309 2012 * Serendah SK 309 2013 South Acis, Permas, SK 311 2013 Endau Siakap North K 2013 Rotan H 2015 (* Sanctioned) MURPHY OIL CORPORATION 28
  28. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 28
    US Gulf of Mexico Front Runner Currently Completing A-8ST Permit Approved for A-7ST Thunder Hawk Anticipate Permit for TH4ST in August Medusa A-6 Zone change maintaining 5,000 BOPD MURPHY OIL CORPORATION 29
  29. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 29
    Congo - Azurite Production (gross) 13,000 BOPD FDP Completed Reviewing Performance Issues Evaluating Satellite Discovery Tie-ins MURPHY OIL CORPORATION 30
  30. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 30
    DOWNSTREAM MURPHY OIL CORPORATION 31
  31. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 31
    Refining Divestiture Announced Sale of Superior, WI Refinery 214 Million plus Inventory Meraux Sale Targeted in 3Q 2011 US Refinery Sales to Close 2nd Half 2011 UK Assets to be Split; Process Ongoing MURPHY OIL…
  32. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 32
    US Retail 1,119 Stations in 23 States Small Kiosk Format (1,002) Located in Wal-Mart Parking Lots MURPHY OIL CORPORATION 33
  33. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 33
    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 34
  34. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 34
    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 35
  35. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 35
    Financial Performance 2010 Returns High Revenue Business - 2010 EBITDA / Invested Assets Billion % Percent 14 25 12.1 21.3 12 20.8 10.6 10.7 20 10 9.7 15 13.8 13.9 8 5.8 10.2 6 10 4 5 2 0 0 Barnes & Nordstrom Murphy…
  36. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 36
    Biofuels - Ethanol Hankinson Renewable Energy 120 MMGY 2010 Net Income 18 Million 2010 Cash Flow 26 Million Hereford Renewable Energy Performance Tested to Nameplate Capacity 105 MMGY WDGS Sold to Nearby Feed Lots High…
  37. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 37
    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…
  38. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 38
    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…
  39. TUDOR PICKERING HOLT 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 39
    Tudor Pickering Holt 2011 Hotter N Hell Energy Conference Kevin Fitzgerald Senior Vice President & CFO August 11, 2011 M U R P H Y O I L C O R P O R AT I O N

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