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2015 Annual Meeting of Stockholders Presentation – Hess Corp

Hess Corp · May 6, 2015 · 24 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. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 1
    2015 ANNUAL MEETING OF STOCKHOLDERS MAY 6, 2015
  2. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 2
    John Hess Chief Executive Officer
  3. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 3
    Financial Strength and Flexibility 6.4 B of Liquidity at 03/31/15 1.2 B Managed Debt Maturities - 1.5 B Cash 1.0 - 4.0 B Unused Revolver 0.8 - 0.9 B Unused Committed Lines 0.6 1.1 0.4 Debt-to-Capital: 22% at 03/31/15 0.2 0.4…
  4. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 4
    Focused Resilient Portfolio Linked by operating capabilities Valhall & 2015 Production: 350 - 360 MBOED Bakken Utica 26% Prod 2% Prod South Arne P1 Reserves: 1.4 BBOE 33% Res 2% Res 14% Prod 6P Resources: 6 BBOE 23% Res Onshore…
  5. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 5
    Industry Leading Operating Performance Unconventionals - Bakken Reducing Well Costs Drilling Performance: Spud-to-Spud (Days) Drilling Performance: Costs (MM) 45 Completion Costs Drilling Costs 13.4 39 53% Improvement 11.6 34 33…
  6. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 6
    Industry Leading Operating Performance Offshore drilling and project delivery Industry Project Delivery (IPA Study 2005 - 2013) -20% Drilling Performance Quartile 1st 2nd 3rd 4th Hess Under Others Ghana T Bells 0% North…
  7. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 7
    Leveraged to Liquids With industry leading cash margins US 2014 Gas 8% Hess Production Int'l Liquids % of YE 2014 Pro Forma Gas 17% 75% Reserves Liquids NGLs 100% 7% 80% Crude Oil 80% 78% 76% 68% 60% 65% 64% 64% 62% 62% 57%…
  8. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 8
    Greg Hill President and Chief Operating Officer
  9. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 9
    One of the Best Portfolios in the Bakken Competitively advantaged with Lean manufacturing process Strategic / Portfolio Context Tioga Rail Terminal Burke - Industry leading acreage position in the core of the Middle Bakken and Three…
  10. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 10
    One of the Best Portfolios in the Bakken Material position in the core of the Bakken 30+ Stage Wells Since 2012 More DSUs in Core of Middle Bakken 400 Than Any Other Operator Hess Acreage East Goliath Nesson 300 No. of DSUs…
  11. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 11
    One of the Best Portfolios in the Bakken Advantaged infrastructure maximizing value Tioga Rail Terminal Tioga Rail Terminal - 9 crude oil train sets (CPC - 1232) - 5 additional train sets purchased for 2015 - Crude oil loading…
  12. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 12
    Utica: Material Position in the Wet Gas Window Acreage in play sweet spot with high NRI JV Acreage Optimum Mix of Pressure and Liquid Content Tier 1 Acreage Strategic / Portfolio Context Tier 2 Acreage - Encouraging 2014…
  13. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 13
    Deepwater Gulf of Mexico: Tubular Bells Low cost production leveraging deepwater capability Strategic / Portfolio Context - Material growth asset - Key contributor to production and cash flow - Leverages deepwater capability Water…
  14. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 14
    Deepwater Gulf of Mexico: Stampede Building on Tubular Bells success 6 Production Wells GC 468 4 Injection Wells Host Platform Strategic / Portfolio Context 1 mile - Leverages proven deepwater capability Drill Center A - Material…
  15. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 15
    North Sea Chalk: Valhall & South Arne Long life, material oil assets with running room Hess 64% WI Strategic / Portfolio Context Operator: BP - Long life, material assets - Underdeveloped chalk reservoirs; significant remaining…
  16. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 16
    Malaysia Gas: JDA & North Malay Basin Long term production and material cash flow Hess 50% WI Strategic / Portfolio Context Operator: Carigali-Hess - Low cost, long life gas reserves with oil linked pricing - NMB leverages JDA…
  17. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 17
    Portfolio Positioned for Competitive Growth Low risk, captured growth opportunities MBOED Pro Forma Production 400 10-13% CAGR 2014 to 2015 Evaluate Capture Drill / Develop Produce / Appraise Re-Develop Utica 300 Bakken…
  18. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 18
    Portfolio Positioned for Competitive Growth Sustaining growth through 2018 and beyond 6 BBOE 6P Resource Base Potential developments Ghana, Australia Current Future Proved Growth Options Reserves (1.4 BBOE) Further…
  19. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 19
    Portfolio Positioned for Competitive Growth Exploration provides further upside to long term growth Existing Provinces Focused strategy to deliver Emerging Provinces material long term value Exploration Focus Areas Exploration…
  20. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 20
    Deepwater Gulf of Mexico: Sicily Prospect Exposure to prolific Paleogene outboard play Industry Oil Discovery 2015 Well Exploration Block Green Canyon Strategic / Portfolio Context Production Block Garden Inboard - Large and well…
  21. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 21
    Offshore Guyana: Stabroek License Multiple leads testing several play types Strategic / Portfolio Context - 6.5 MM acres; 1,150 GoM blocks Water Depth 5,700 ft Drilling TD 18,370 ft - Multiple prospects and leads in Ranger several…
  22. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 22
    Offshore Nova Scotia Material position in emerging deepwater play Strategic / Portfolio Context - 3.5 MM acres; 600 GoM blocks Canada - Multiple leads in sub-salt play - 800 MMBOE net risked resource - GoM analogue trap styles USA…
  23. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 23
    John Hess Chief Executive Officer
  24. 2015 Annual Meeting of Stockholders Presentation – Hess Corp – slide 24

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