Skip to main content Q2 2015 Earnings Call – Murphy Oil Corp Investor Presentation | Shale Experts
Loading...
Pm

Q2 2015 Earnings Call – Murphy Oil Corp

Murphy Oil Corp · Jul 30, 2015 · 19 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. Q2 2015 Earnings Call – Murphy Oil Corp – slide 1
    SECOND QUARTER 2015 EARNINGS CONFERENCE CALL & WEBCAST JULY 30, 2015 MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 1
  2. Q2 2015 Earnings Call – Murphy Oil Corp – slide 2
    Financial Overview MM 2Q 2014 2Q 2015 1H 2014 1H 2015 Consolidated Net Income (Loss) 129.4 (73.8) 284.7 (88.3) Adjusted Earnings 2Q 15 - Continued Ops /Diluted Share 0.72 (0.42) 1.57 (0.50) Alberta Tax Rate Increase Continuing…
  3. Q2 2015 Earnings Call – Murphy Oil Corp – slide 3
    Realized Prices Brent / WTI Spread Returning 70 Benchmark 2Q 2014 1Q 2015 2Q 2015 65 /BBL 60 Brent 109.63 53.97 61.92 /BBL 55 50 WTI 102.99 48.63 57.94 45 40 Realized Prices /BBL 1/1/15 2/1/15 3/1/15 4/1/15 5/1/15 6/1/15…
  4. Q2 2015 Earnings Call – Murphy Oil Corp – slide 4
    2Q 2015 Operational Highlights Financial Position Maintained Regular Dividend 250.0 MM Share Repurchase Balance Sheet Flexibility Portfolio Progress Completed Sale of Remaining U.K. Downstream Timely Malaysia Sell-Down an…
  5. Q2 2015 Earnings Call – Murphy Oil Corp – slide 5
    Operating Metrics Lease Operating Expense* /BOE 15 Working to Reduce LOE 14.61 13 30% Reduction 2013 2015E 11 11.95 10.90 11.04 9 10.22 9.68 Oil Weighted Cash Flow Metrics 7 5 Oil-Weighted Advantage in Price Collapse 2Q 14…
  6. Q2 2015 Earnings Call – Murphy Oil Corp – slide 6
    Drilling & Completions Cost Reductions Deepwater Drilling Eagle Ford Shale Next Generation Drilling Rigs Vendor & Supplier Cost Reductions Dual BOPs to Minimize Regulatory Impact Efficiency Gains Improved Pore Pressure Modeling…
  7. Q2 2015 Earnings Call – Murphy Oil Corp – slide 7
    Quarterly Production Guidance 2Q 15 Net Production 210 2Q 15 Production Exceeds Guidance NA Onshore MBOEPD 2 EFS New Well Performance 200 202 3 Seal Multi-lateral Performance & Uptime 197 Global Offshore Medusa Expansion…
  8. Q2 2015 Earnings Call – Murphy Oil Corp – slide 8
    2014 vs. 2015 Mid-Year Outlook 2014 vs. 2015 Capex MM 4,000 3,460 3,500 520 Significant Capex Reductions 3,000 2,500 2,270 NA Onshore 1,040 2,000 370 45% EFS Reduction 1,500 Exploration 890 56% Canada Onshore Reduction Global…
  9. Q2 2015 Earnings Call – Murphy Oil Corp – slide 9
    Canada Onshore Upside Montney Seal 9 Wells Standing North: Primary Production Completing 5 Wells Multi-lateral Pilot 6 Month Average 750 BOPD New Completions Increasing EURs Development: 30+ Multi-laterals 8-11 BCF Upside Central:…
  10. Q2 2015 Earnings Call – Murphy Oil Corp – slide 10
    NA Onshore - Eagle Ford Shale Running Room LONG TERM 640 Operated Wells Drilled to Date VALUABLE 2,000 Potential Locations ASSET 750 MMBOE Net Recoverable Resource 2,055 per Acre: Early Entrant Price Advantaged Near GOM 45 API…
  11. Q2 2015 Earnings Call – Murphy Oil Corp – slide 11
    EFS Karnes Area Higher Rate Wells & Austin Chalk SuperSlickwater New Completions Existing Completions Super Slick Completions (1,650 lbs/CLAT*) Higher Concentration of Sand Near Wellbore for Higher Rate Testing Higher Sand…
  12. Q2 2015 Earnings Call – Murphy Oil Corp – slide 12
    EFS Valuable Production Mix OIL-WEIGHTED PRODUCTION ADDS VALUE 2014 EFS Production Mix Avg Cum. Oil by Well 24 Months MBO 100% 150 90% 80% 70% 100 60% MUR 50% MUR 40% 50 30% 20% 10% 0% 0 Oil NGL Gas…
  13. Q2 2015 Earnings Call – Murphy Oil Corp – slide 13
    Global Offshore - Malaysia Sarawak Belum Gas 5 Gas Wells Low Nitrogen Gas First Gas July Permas Oil 8 of 9 Wells Drilled to Plan Block H 20% Under Budget New Focus SK2A SK2D Kakap-Gumusut Block K Planned Outage Jun Aug…
  14. Q2 2015 Earnings Call – Murphy Oil Corp – slide 14
    Global Offshore Gulf of Mexico Murphy Leasehold Murphy HBP Murphy Facility Kodiak 29% W.I. (Non-Op.) Tieback to Devils Tower First Well Drilled & Completed to Plan First Oil 1Q 16 Dalmatian So. 2 Break-Even Flat Price: 40/bbl…
  15. Q2 2015 Earnings Call – Murphy Oil Corp – slide 15
    2015 Drilling Program 2015 Area Block Q3 Q4 Solomon Dalmatian Thunder Bird DC-4 2 (Develp.) 312 MMBOE South 2 Sidetrack 8 MMBOE GULF OF MEXICO Drilling 10 MMBOE 20 MMBOE Merapuh 5 Marakas MALAYSIA SK-314A 13 MMBOE 12 MMBOE…
  16. Q2 2015 Earnings Call – Murphy Oil Corp – slide 16
    Budget Flexibility with Commitments Expiring Rig Commitment Expiry 2016 Black Rhino Feb Rig Commitments Discoverer Deep Seas Nov 2 Rigs in GOM Black Rhino Dalmatian South Discoverer Deep Seas Thunder Bird of Wells Exploration…
  17. Q2 2015 Earnings Call – Murphy Oil Corp – slide 17
    Guidance - 3Q 2015 3Q 2015 3Q 2015 Guidance 3Q 2015 Liquids (BOPD) Gas (MCFD) 3Q Production: 132,000 408,000 US - Eagle Ford Shale 53,000 39,000 Gulf of Mexico 18,500 48,000 Canada - Heavy 4,500 2,000 Montney - 185,000 Offshore…
  18. Q2 2015 Earnings Call – Murphy Oil Corp – slide 18
    Shareholder Returns Annual Returned to Shareholders MM Cumulative 2010 3,000 6,000 2,500 5,000 Dividend Growth 2,000 4,000 12% CAGR Last 10 Years Current Dividend 1.40/share Annualized 1,500 3,000 4.0% Yield at Current Share Price…
  19. Q2 2015 Earnings Call – Murphy Oil Corp – slide 19
    Takeaways 1 Increasing Production Guidance 2 Advantaged Cash Flow Metrics 3 Conservative Balance Sheet 4 Efficiency Gains in Offshore & Onshore 5 Focused Cost Reduction 6 Shareholder Focus Continues MURPHY OIL…

From the store

Browse maps, data & reports in the Shale Experts store