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JUNE 2015 CORPORATE PRESENTATION – Hess Corp

Hess Corp · Jun 11, 2015 · 11 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. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 1
    HESS CORPORATION HESS AND GLOBAL INFRASTRUCTURE PARTNERS FORM BAKKEN MIDSTREAM JOINT VENTURE JUNE 11, 2015
  2. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 2
    Strategic Highlights Formation of Bakken Midstream Joint Venture valued at 5.35 billion Hess to sell 50% interest in Bakken Midstream assets to Global Infrastructure Partners (GIP) for cash consideration of 2.675 billion Total…
  3. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 3
    Hess: Advantaged Liquidity Position 8 B of Liquidity 1.2 B Managed Debt Maturities - 3.0 B Cash Proceeds 1.0 - 4.0 B Unused Revolver 0.8 - 0.9 B Unused Committed Lines 0.6 1.1 0.4 Pro-forma Net Debt-to-Capital 0.2 0.4 0.0 of…
  4. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 4
    Joint Venture Structure Hess & GIP each to own 50% of Hess Infrastructure Partners (JV) Upon closing, JV will incur Hess Infrastructure Partners 600 MM of debt through a 5-Year Term Loan A facility: - Proceeds to be distributed…
  5. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 5
    Strategic Bakken Midstream Assets Financial Highlights Joint Venture Assets 1Q 2015 actuals (gross) Processing & - Tioga Gas Plant - EBITDA of 64 million Storage - Mentor Storage Terminal - Capex of 39 million Logistics - Tioga…
  6. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 6
    Strategic Bakken Midstream Assets Gas Processing & Storage Assets Tioga Gas Plant Completed large-scale expansion and upgrade 2014 Sardinia Single largest cryogenic plant in N. Dakota -Processing capacity of 250 MMcf/d -NGL…
  7. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 7
    Strategic Bakken Midstream Assets Logistics Assets Tioga Rail Terminal and Crude Oil Rail Cars 3rd largest Bakken terminal capable of loading 2 unit trains per day - Crude oil loading capacity of 140 MBbl/d - Additional NGL train…
  8. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 8
    Strategic Bakken Midstream Assets Gathering Assets Composed of three major gathering and compression systems -Red Sky -Hawkeye -Goliath Red Sky Gathering System Goliath Gathering System Combined current throughput of 205…
  9. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 9
    Hess: 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…
  10. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 10
    Hess: One of the Best Portfolios in the Bakken Robust well inventory focused in Core of play Hess Position in Core 3,300 Future Operated Drilling Locations % of Total Inventory & Implied Rig Years* vs WTI Price Hess Acreage East (15%…
  11. JUNE 2015 CORPORATE PRESENTATION – Hess Corp – slide 11
    Strategic Highlights Formation of Bakken Midstream Joint Venture valued at 5.35 billion Hess to sell 50% interest in Bakken Midstream assets to Global Infrastructure Partners (GIP) for cash consideration of 2.675 billion Total…

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