THIRD QUARTER 2016 EARNINGS CONFERENCE CALL & WEBCAST OCTOBER 27, 2016 Roger Jenkins PRESIDENT & CHIEF EXECUTIVE OFFICER
3Q 16 Financial Overview 3Q 3Q MM (except per share) 2016 2015 Consolidated Net Income (Loss) (16.2) (1,595.4) Adjusted Earnings 3Q 16 Contd Ops /Diluted Share (0.09) (9.26) Foreign Exchange Gains Continuing Operations Income Tax…
Financial Position as of September 30, 2016 Debt Maturity Profile MM 871 MM of Cash and Liquid Invested Cash Senior Notes Undrawn RCF 1.2 BN Senior Unsecured Guaranteed 1,500 Current Maturity Profile Revolving Credit Facility…
3Q 16 Overview Produced 169,800 boepd Stabilizing Balanced, Low Risk NA Onshore and Global Offshore Production Production & Oil Weighted, Diversified Production Base Lowering Costs Reduced G&A Expense by 23% Since 3Q 15 3Q 16…
3Q 16 Production 3Q 16 Net Production, Mboepd 175 3Q 16 Production Operated Kikeh/Siakap North Oil Better Performance and Strong Facility 170 Uptime Gulf of Mexico Improved Performance 169.8 Non-Operated 168.5 Offshore Canada…
2016 Guidance and Capex 2016 Total Capex, 620 Million NA Onshore 57% 14% Eagle Ford Shale Annual Capex Maintained at 620 MM Offshore 38% Canada Onshore Excluding 207 MM Associated with 43% Acquisition of Kaybob Duvernay & Placid…
Cost Reductions Lease Operating Expense* /boe 11.00 9.00 Focusing on Cost Reductions 3Q 16 LOE of 7.65/boe from 8.09/boe 7.00 in 3Q 15, a 5% Reduction 18% Reduction Since 3Q 15 5.00 9 Months FY 15 9 Months Ended 2015 Ended 2016…
Streamlined Portfolio Long Corporate History, IPO in 1956 KEY AREAS OF PRODUCTION Well Balanced Portfolio with Diversified Opportunities Extensive Resource Base in Onshore North America, Seal Anchored by Eagle Ford Shale, That…
PORTFOLIO REVIEW MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 10
Offshore 3Q 16 Highlights Malaysia Gulf of Mexico Sarawak Sabah Kodiak 29% W.I. (Non-Op.) S. Acis Development Kikeh Surface Jet Pump Commingling Approved by Regulator 2nd Platform First Oil 3Q 16 Installation Complete Commingled…
Eagle Ford Shale 3Q 16 Highlights Eagle Ford Shale 3Q 16 Total Production 46,064 boepd Total Percent Liquids 87% Total Wells Online 23 Lower EFS 17 Upper EFS 4 Austin Chalk 2 KARNES KAS HIGH INTENSITY WELLS & EARLIER Eagle Ford…
Tupper Montney 3Q 16 Highlights Tupper Montney 3Q 16 Total Production 192 MMcfd Tupper Montney 30% Reduction in Drilling Time and Cost New Completion Design Adding Upside with EURs (2014 2016) 10 to 14 BCF 25 200 Drilling…
Kaybob Duvernay 3Q 16 Highlights Kaybob Duvernay First Operated 4-Well Pad Online 3Q 16 2,100 boepd Gross Production (65 70% Liquids) Average Effective Lateral Length 3,400 ft 4-32 PAD (3Wells) Q4 2016 Drilling Light Oil 67K…
Placid Montney 3Q 16 Highlights Placid Montney (Non-Op.) 2 Rigs Drilling 4-Well Pads 4Q 16 Frac Spread Completion Underway PLACID PLACID ATH 16-30 PAD 4-Well Pad, Drilling ATH 07-30 PAD Completion Underway ATH 12-19 PAD…
Takeaways Offshore Provides Continued Free Cash Flow Continue to Focus on Reducing Cost Structure Focus Capital on High Return Assets Continue to Preserve Financial Strength & Liquidity Focus on Optimizing & Delivering…
Non-GAAP Financial Measure Definitions & Reconciliations The following list of Non-GAAP financial measure definitions and related reconciliations is intended to satisfy the requirements of Regulation G of the Securities Exchange Act of…
Guidance 4Q 2016 4Q 2016 4Q 2016 Guidance 4Q 2016 Liquids (bopd) Gas (mcfd) Q Production: 99,500 384,000 US - Eagle Ford Shale 38,500 31,000 Gulf of Mexico 11,000 14,500 Canada Heavy 3,000 2,000 Montney and Duvernay 2,000 220,000…
2016 Hedging Positions Volumes Field Commodity Type (bbl/d) Price (USD/bbl) Start Date End Date United States WTI Fixed Price Derivative Swap 25,000 50.67 10/1/2016 12/31/2016 United Stated WTI Fixed Price Derivative Swap 18,000…
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