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2016 Annual Meeting of Stockholders – Hess Corp

Hess Corp · May 4, 2016 · 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. 2016 Annual Meeting of Stockholders – Hess Corp – slide 1
    HESS CORPORATION 2016 Annual Meeting of Stockholders MAY 4, 2016
  2. 2016 Annual Meeting of Stockholders – Hess Corp – slide 2
    Our Strategy in the Low Oil Price Environment March 31, 2016 cash balance of 3.6 billion and total liquidity of 8.3 billion Preserve Balance Sheet Pro forma Net Debt / Cap of 9%1 Strength 2016 capital and exploratory budget reduced…
  3. 2016 Annual Meeting of Stockholders – Hess Corp – slide 3
    One of the Strongest Balance Sheets And liquidity positions among E&P Peers 8.3 B of Liquidity Post Equity Peer Net Debt-to-Capital Ratio Offering 80% Q4 2015 75% 70% 60% - 3.6 B Cash 60% 56% 52% 47% - 4.0 B Unused Revolver 50%…
  4. 2016 Annual Meeting of Stockholders – Hess Corp – slide 4
    Focused Resilient Portfolio Leveraged to liquids with industry leading cash margins US 2015 Gas 12% Hess Production Int'l Liquids % of YE 2015 Pro Forma Gas 14% 74% Reserves Liquids NGLs 100% 11% 80% Crude Oil 81% 76% 63% 60%…
  5. 2016 Annual Meeting of Stockholders – Hess Corp – slide 5
    Focused Resilient Portfolio Linked by operating capabilities Valhall & 2016 Production: 330 - 350 MBOED Bakken Utica 30% Prod 7% Prod South Arne P1 Reserves: 1.1 BBOE 28% Res 2% Res 13% Prod 6P Resources: 7.4 BBOE 25% Res Onshore…
  6. 2016 Annual Meeting of Stockholders – Hess Corp – slide 6
    Industry Leading Operating Performance Unconventionals - Bakken Reducing Well Costs Drilling Performance: Spud-to-Spud (Days) Drilling & Completions Performance: Costs (MM) 45 Completion Costs Drilling Costs 13.4 39 60% Improvement…
  7. 2016 Annual Meeting of Stockholders – Hess Corp – slide 7
    One of the Best Positions in the Bakken Competitively advantaged with Lean manufacturing process Divide Burke Strategic / Portfolio Context Tioga Rail Terminal Kenmare - Industry leading acreage position in the core of the Middle…
  8. 2016 Annual Meeting of Stockholders – Hess Corp – slide 8
    One of the Best Positions in the Bakken Material position in the core of the Bakken 400 More DSUs in Core of Middle Bakken 30+ Stage Wells Since 2012 Than Any Other Operator Hess Acreage No. of DSUs Goliath East Nesson 300…
  9. 2016 Annual Meeting of Stockholders – Hess Corp – slide 9
    One of the Best Positions in the Bakken Advantaged infrastructure maximizing value Tioga Rail Terminal Hess sold 50% interest in Bakken Midstream assets to GIP for 2.675 B Sardinia Created new joint venture called Hess…
  10. 2016 Annual Meeting of Stockholders – Hess Corp – slide 10
    Utica: Material Position in the Wet Gas Window Acreage in play sweet spot with high NRI JV Acreage Optimum Mix of Pressure and Liquid Content Strategic / Portfolio Context Tier 1 Acreage Tier 2 Acreage - Wells highly productive, high…
  11. 2016 Annual Meeting of Stockholders – Hess Corp – slide 11
    Industry Leading Operating Capabilities Offshore drilling and project delivery Industry Project Delivery (IPA Study 2005 - 2013) -20% Drilling Performance Quartile 1st 2nd 3rd 4th Hess Under Others Ghana T Bells 0% North…
  12. 2016 Annual Meeting of Stockholders – Hess Corp – slide 12
    Malaysia Gas: JDA & North Malay Basin Long term production and material cash flow Hess 50% WI Strategic / Portfolio Context Operator: Carigali-Hess - Low cost, long life gas reserves with oil linked pricing - NMB leverages JDA…
  13. 2016 Annual Meeting of Stockholders – Hess Corp – slide 13
    Deepwater Gulf of Mexico: Tubular Bells Low cost production leveraging deepwater capability Strategic / Portfolio Context - Material growth asset - Key contributor to production and cash flow - Leverages deepwater capability Water…
  14. 2016 Annual Meeting of Stockholders – Hess Corp – slide 14
    Deepwater Gulf of Mexico: Stampede Building on Tubular Bells success 6 Production Wells GC 468 4 Injection Wells Host Platform Strategic / Portfolio Context 1 mile - Leverages proven deepwater capability Drill Center B Drill…
  15. 2016 Annual Meeting of Stockholders – Hess Corp – slide 15
    Competitively Positioned for Growth Significant captured growth options Bakken Evaluate Capture Drill / Develop Produce / Appraise Re-Develop - 1.6 BBOE net EUR - 3,200 future drilling locations Utica Utica - 300 MMBOE net…
  16. 2016 Annual Meeting of Stockholders – Hess Corp – slide 16
    Competitively Positioned for Growth Exploration provides further upside to long term growth Existing Provinces Focused strategy to deliver material Emerging Provinces long term value Exploration Focus Areas Exploration themes:…
  17. 2016 Annual Meeting of Stockholders – Hess Corp – slide 17
    Offshore Guyana: Stabroek License Liza-1 significant oil discovery Liza Water Depth 5,700 ft Drilling TD 18,730 ft Strategic / Portfolio Context - 6.6 MM acres; 1,150 GoM blocks Prospects - Multiple prospects and play types Forward…
  18. 2016 Annual Meeting of Stockholders – Hess Corp – slide 18
    Summary Key messages Preserve Balance Sheet Strength Preserve Core Operating Capabilities Preserve Long-Term Growth Options 19
  19. 2016 Annual Meeting of Stockholders – Hess Corp – slide 19

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