FIRST QUARTER 2016 EARNINGS CONFERENCE CALL & WEBCAST MAY 5, 2016 Roger Jenkins PRESIDENT & CHIEF EXECUTIVE OFFICER
1Q 16 Financial Overview 1Q 1Q MM 2016 2015 Adjusted Earnings 1Q 16 Contd Ops Consolidated Non-cash Impairment of Assets Net Income (Loss) (198.8) (14.4) Restructuring Charges /Diluted Share (1.16) (0.08) Mark to Market Loss on…
1Q 16 Highlights Produced 196,600 boepd, Exceeding Guidance by 4,600 boepd Adding Resource Balanced, Low Risk NA Onshore and Global Offshore Production & Adding Value Oil Weighted, Diversified Production Base Achieved Zero…
Continued Cost Reductions in 1Q 16 Lease Operating Expense* /boe 10 8 9.68 8.25 6 7.50 4 Focusing on Cost Reductions 2 Reduced LOE /boe by over 22% Q-O-Q 0 1Q 15 4Q 15 * Excludes both Syncrude and Severance & Ad Valorem…
2016 Guidance 2016 Total Capex, 580 Million NA Onshore 47% 2016 Capex Maintained at 580 MM Not Adjusted for Asset Divestitures or Asset 20% EFS Acquisitions Offshore 35% 53% Montney 7% Seal/Syncrude 2016 Production 2Q 16…
1Q 16 Production 1Q 16 Net Production, Mboepd 1Q 16 Production Exceeds Guidance 200 NA Onshore EFS & Montney Increased Well Performance 195 Syncrude Increased Uptime 190 Offshore 196.6 185 192 Sabah & EC Canada Higher Oil…
US Eagle Ford Shale Oil Weighted & Ground Floor Entry 13 New Operated Wells Online in 1Q 16 661 Operated Wells Online to Date (90% Liquids) Reduced EFS LOE /boe by 6% from 4Q 15 Pacesetter Well 6.3 Days from Spud to Rig Release…
Eagle Ford Shale Austin Chalk Karnes Catarina JOG Unit A 1H on Production 4Q 15 Test Well Planned to Drill 2Q 16 183 Mboe Cumulative Production to Date 25 MMboe Preliminary Net Resources JOG Well Preliminary EUR Type Curve 570 Mboe…
NA Onshore Montney Reduced Montney LOE /mcf by Continue to Drive 32% Q-O-Q Costs Down Natural Gas Gathering System 2015: 5.7 MM D&C Midstream Monetization (5,200 lateral) TCPL Main Transmission Line Closed April 1st C538.8 MM…
Global Offshore Highlights Malaysia Vietnam Sarawak Kakap-Gumusut Block 11-2/11 S. Acis Development Drilling Average 1Q 16 Daily Commitment Well CC-1X Spud 2Q 16 Completed Satellite Production of 142.4 Gross Campaign mbopd…
Murphy Financial Position as of March 31st 550 MM in Debt Maturities Within Next Five Years 1.1 BN* Liquidity Available Under Revolver 2.6 BN* 2Q 16 Midstream Monetization Proceeds C538.8 MM Cash on Balance Sheet Closing of PSA With…
Guidance - 2Q 2016 2Q 2016 2Q 2016 Guidance 2Q 2016 Liquids (bopd) Gas (mcfd) 2Q Production: 117,000 369,000 US - Eagle Ford Shale 44,000 38,000 Gulf of Mexico 14,000 16,000 Canada - Heavy 3,000 2,000 Montney - 200,000 Offshore…
2016 Hedging Positions Volumes Price Area Commodity Type (bbl/d) (USD/bbl) Start Date End Date United States WTI Fixed price derivative swap 20,000 52.01 01/01/2016 12/31/2016 United Stated WTI Fixed price derivative swap 5,000…
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