Skip to main content Investor Open House North American Operations – Talisman Energy Inc. Investor Presentation | Shale Experts
Loading...
Pm

Investor Open House North American Operations – Talisman Energy Inc.

Talisman Energy Inc. · May 10, 2012 · 18 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. Investor Open House North American Operations – Talisman Energy Inc. – slide 1
    INVESTOR OPEN HOUSE NORTH AMERICAN OPERATIONS MAY 2012 INVESTOR OPEN HOUSE NORTH AMERICAN OPERATIONS MAY 2012
  2. Investor Open House North American Operations – Talisman Energy Inc. – slide 2
    EXECUTING AS PLANNED 2011 accomplishments 2011 accomplishments 2012 highlights 2012 highlights ? Significant reduction in dry gas capital ? Transition to liquids ? Significant reallocation of capital from gas to liquids-rich…
  3. Investor Open House North American Operations – Talisman Energy Inc. – slide 3
    A SAFER PLACE TO WORK Lost time injury frequency (LTIF) Per million exposure hours Spills (>0.5 bbl), unintentional hydrocarbon releases (UHR) and flammable unintentional hydrocarbon releases (FUHR) Per million exposure hours 3 2 1…
  4. Investor Open House North American Operations – Talisman Energy Inc. – slide 4
    HIGH QUALITY PORTFOLIO WITH LIQUIDS GROWTH OPPORTUNITIES 0 20 40 60 80 100 Percentage of peak production Duvernay Marcellus Pilots/early production Development Mature assets Oil Liquids rich North American gas Montney JV…
  5. Investor Open House North American Operations – Talisman Energy Inc. – slide 5
    LONG LIFE ASSETS PROVIDE LONG-TERM GROWTH 3 5 10 19 3 Eagle Ford Marcellus PA Montney JV Montney Other Marcellus NY Remaining well locations 6,000 2,000 1,600 1,200 800 400 0 Marcellus Montney Eagle Ford Remaining…
  6. Investor Open House North American Operations – Talisman Energy Inc. – slide 6
    3-year F&D* Recycle ratio $/boe x IMPROVING PROFITABILITY 5 0 10 15 20 25 2x 1x 0x 2009 2010 2011 3-year F&D Recycle ratio 8 6 4 2 0 10 2009 2010 2011 Unit direct operating cost $/boe * Excluding price revisions
  7. Investor Open House North American Operations – Talisman Energy Inc. – slide 7
    8% 13% 17% Legacy assets Wild River & Cardium Duvernay Eagle Ford 62% REDIRECTING CAPITAL TO LIQUIDS Cash capital spend $ billion Liquids Gas 2012 liquids capital spend by asset 2.5 Percentage (%) 2.0 1.5 1.0 0.5 0.0…
  8. Investor Open House North American Operations – Talisman Energy Inc. – slide 8
    SIGNIFICANT LIQUIDS GROWTH FROM 2012 Liquids growth (average annualized)* mboe/d 2012 to 2015 incremental liquids production Percentage (%) 21% 5% 10% 64% Other Eagle Ford Cardium Wild River 0 20 40 60 80 2011 2012 2013…
  9. Investor Open House North American Operations – Talisman Energy Inc. – slide 9
    MARCELLUS ? CAPITAL FLEXIBILITY Capital expenditure* $ million Production mmcf/d 0 200 400 600 800 1,000 1,200 2011 2012 2013 0 100 200 300 400 500 2011 2012 2013 ? 11 rigs to 1 ? Activity levels will protect land…
  10. Investor Open House North American Operations – Talisman Energy Inc. – slide 10
    Key metrics (net TLM) EAGLE FORD ? BUILDING OPERATIONAL MOMENTUM 2012 average net production (mboe/d) 12-17 Well locations 780 Contingent resource (tcfe) 3 Net acres ~80,000 Key metrics (net TLM) Key metrics (net TLM) ?…
  11. Investor Open House North American Operations – Talisman Energy Inc. – slide 11
    2 1 0 0 50 100 150 200 EAGLE FORD ? WORL Retrograde 165% Wet gas 20% Type curve mboe/d Days Single well IRR* Percentage (%) Talisma *Assumes $100 WTI and $3.50 NYMEX IRR source: ITG May 2012 NYSE: TLM ?TS
  12. Investor Open House North American Operations – Talisman Energy Inc. – slide 12
    EAGLE FORD ? COMING DOWN THE COST CURVE ? Cycle time improvements using new-build rigs and frac crews ? Pad drilling optimization ? Technology pilots planned 2012 ? Cemented Sleeves ? Foam Fluid Applications ? Channel Fracturing…
  13. Investor Open House North American Operations – Talisman Energy Inc. – slide 13
    EAGLE FORD ? MIDSTREAM & EGRESS SOLVED 0 10 20 30 40 50 60 70 2012 2013 2014 2015 2016 Base contracted pipeline capacity Pipeline option capacity Gross field crude oil and condensate mbd 280 360 240 320 120 200 160…
  14. Investor Open House North American Operations – Talisman Energy Inc. – slide 14
    ? Significant land position of 360,000 net acres ? Encouraging early industry results ? Plan to have 6 wells drilled by end of 2012 ? 3 North and 3 South ? Two wells currently producing and expect 4-5 wells on production by end of…
  15. Investor Open House North American Operations – Talisman Energy Inc. – slide 15
    MONTNEY ? SIGNIFICANT RESOURCE WITH FUTURE OPTIONS ? Early development of JV acreage ? Understand liquids distribution ? Cypress A delineation ? Infrastructure build out to accommodate liquids ? Flexibility to underpin range of…
  16. Investor Open House North American Operations – Talisman Energy Inc. – slide 16
    GAS MONETIZATION OPTIONS GTL ? Partnered with technology leader Sasol ? Decision on FEED later this year ? Significant uplift on NAPHTHA and LPG pricing LNG ? LNG demand remains strong in Asian market, expecting JCC slope to…
  17. Investor Open House North American Operations – Talisman Energy Inc. – slide 17
    LIQUIDS OPPORTUNITIES IN GREATER EDSON 20-35 400-70 100 110 25-50 10-35 20-50 20-50 Liquids content (bbl/mmscf) 300- Industry type curve 250- 500 500- 700 500-1,200 500 (EUR, mboe) 450 200 50 100 Unrisked well locations…
  18. Investor Open House North American Operations – Talisman Energy Inc. – slide 18
    NORTH AMERICA ? SUMMARY ? Minimizing activity in dry gas ? quality rocks awaiting price recovery ? Grow liquids production to 65 mbd by 2015 ? Continue evaluating liquids-rich acreage ? Continue portfolio high-grading

From the store

Browse maps, data & reports in the Shale Experts store