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Q3 2015 Earnings Call – Murphy Oil Corp

Murphy Oil Corp · Oct 29, 2015 · 15 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. Q3 2015 Earnings Call – Murphy Oil Corp – slide 1
    THIRD QUARTER 2015 EARNINGS CONFERENCE CALL & WEBCAST OCTOBER 29, 2015 MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 1
  2. Q3 2015 Earnings Call – Murphy Oil Corp – slide 2
    Financial Overview 9 Mo. 9 Mo. MM 3Q 2014 3Q 2015 2014 2015 Adjusted Earnings 3Q 15 - Continued Ops Consolidated Non-cash Impairment of Assets Net Income (Loss) 246 (1,595) 530 (1,684) /Diluted Share 1.37 (9.26) 2.94 (9.62) M-T-M…
  3. Q3 2015 Earnings Call – Murphy Oil Corp – slide 3
    Highlights Financial Well-Positioned Maintained CAPEX 2.3 BN BALANCE SHEET FLEXIBILITY Reduced LOE /boe by 19% Y-O-Y; Reduced G&A by 12% Y-O-Y CAPITAL DISCIPLINE Hedged 20,000 bopd WTI 52.01 for FY 16 Subsequent to 3Q Portfolio…
  4. Q3 2015 Earnings Call – Murphy Oil Corp – slide 4
    Operating Metrics Lease Operating Expense* /boe Ongoing Cost Reductions 15 Reduced LOE by 23% Q-O-Q 14.61 Reduced EFS LOE to Just Over 8/boe - 13 2 Reduction from 2Q 15 1H 2015 Cash Margin /boe 11 35.00 11.04 10.53 25.00…
  5. Q3 2015 Earnings Call – Murphy Oil Corp – slide 5
    Production & Capex 3Q 15 Net Production, Mboepd 3Q 15 Production Exceeds Guidance 210 Offshore SK Gas Higher Volumes, Uptime & Nominations 3 5 200 Kakap-Gumusut Higher Uptime 208 NA Onshore 200 EFS Increased Well Performance…
  6. Q3 2015 Earnings Call – Murphy Oil Corp – slide 6
    Onshore Canada Montney 9 New Wells Online New Completions Adding Upside with EURs 8-11 BCF Future Growth of 1000+ Potential Locations Hedges 2015: 65 MMCFD C 4.13/MCF (AECO) 2016: 59 MMCFD C 3.19/MCF (AECO) Analyzing Midstream…
  7. Q3 2015 Earnings Call – Murphy Oil Corp – slide 7
    Onshore Eagle Ford Shale Running Room 675 Operated Wells Drilled to Date Remaining Resource Potential 800MMboe+ 2,055 per Acre: Early Entrant Price Advantaged Near GOM 45 API Gravity; Oil-Weighted 77% Oil Hedges 4Q 15: 15,000…
  8. Q3 2015 Earnings Call – Murphy Oil Corp – slide 8
    EFS Austin Chalk Appraisal in Karnes Stacked Pay Potential Over EFS JOG Unit A 1H on Production at 1,500 boepd Drilled, Cored & Logged Pilot Preliminary Net Resource & Locations 30 MMboe 115 Locations Estimated per Well EUR: 450…
  9. Q3 2015 Earnings Call – Murphy Oil Corp – slide 9
    Offshore Malaysia Sarawak SK Gas Record Avg Daily Gross Production 291 MMcfd Block SK314A Successfully Drilled Merapuh-5 and Malaysia Marakas Wells Kakap-Gumusut Completed Planned Outage 3 Weeks Ahead of Schedule…
  10. Q3 2015 Earnings Call – Murphy Oil Corp – slide 10
    Offshore Vietnam Su Tu Den Blk. Ruby / Topaz Blk. 400 MMBOE 130 MMBOE Lac Da Vang Blk. 15-1/05 Rang Dong Blk. 260 MMBOE Cuu Long Basin Thailand Laos 144 Bach Ho / Rong Blk. Signed Farm-in Agreement Te Giac 145Trang Blk.…
  11. Q3 2015 Earnings Call – Murphy Oil Corp – slide 11
    Offshore Gulf of Mexico Murphy Leasehold Murphy HBP Murphy Facility Dalmatian So. 2 70% W.I. (Operator) Expanding Dalmatian Infrastructure Spud 3Q 15; 1st Oil Early 2016 Break-Even Flat Price: 50 /bbl Dalmatian So. 2 Kodiak 29%…
  12. Q3 2015 Earnings Call – Murphy Oil Corp – slide 12
    2015 Drilling Program 2015 Area Block Q3 Q4 Solomon Thunder Bird Sidetrack GULF OF MEXICO Dalmatian South 2 MALAYSIA SK-314A Merapuh 5 Marakas SK 2C Paus Kelasa Block H Permai Senyum Keratau SW BRUNEI CA-2 VIETNAM…
  13. Q3 2015 Earnings Call – Murphy Oil Corp – slide 13
    Financial Strengths Maintained Investment Grade BBB Bond Rating Maintained Dividend Policy with a Current Yield of 5% Over 1.0 BN Available Under Current Bank Revolver Over 1.2 BN of Cash - Abroad and Marketable Securities…
  14. Q3 2015 Earnings Call – Murphy Oil Corp – slide 14
    Guidance - 4Q 2015 4Q 2015 4Q 2015 Guidance 4Q 2015 Liquids (bopd) Gas (mcfd) 4Q Production: 130,000 414,000 US - Eagle Ford Shale 51,500 38,000 Gulf of Mexico 15,000 43,000 Canada - Heavy 4,000 3,000 Montney - 193,000 Offshore…
  15. Q3 2015 Earnings Call – Murphy Oil Corp – slide 15
    Takeaways 1 Preserving Strong Balance Sheet 2 Continuing Cost Reduction Focus 3 Eagle Ford Shale Successful Asset Gaining Efficiencies in Offshore & 4 Onshore 5 GOM Generating Sound Economics at Current Prices Positive…

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