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Q4 2016 Earnings Conference Call – Murphy Oil Corp

Murphy Oil Corp · Jan 26, 2017 · 17 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. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 1
    FOURTH QUARTER 2016 EARNINGS CONFERENCE CALL & WEBCAST JANUARY 26, 2016 Roger Jenkins PRESIDENT & CHIEF EXECUTIVE OFFICER
  2. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 2
    4Q 16 Financial Overview Adjusted Earnings 4Q 16 Contd Ops Mark-to-Market Loss on Crude Oil 4Q 4Q FY FY MM (except per share) 2016 2015 2016 2015 Redetermination Expense Continuing Operations Foreign Exchange Gains Income (Loss)…
  3. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 3
    Financial Position as of December 31, 2016 Debt Maturity Profile MM Total Liquidity 2.1 BN at YE 2016 1.0 BN of Cash and Liquid Invested Cash 1,500 Maturity Profile Total Bonds Outstanding MM 2,800.0 1.1 BN Senior Unsecured…
  4. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 4
    FY & 4Q 16 Overview 4Q 16 Production Averaged 168 Mboepd Stabilizing FY 16 Production Averaged 176 Mboepd, 168 Mboepd Excluding Divestitures Production with Spent 605 MM* Capital Expenditures Balanced, Low Risk NA Onshore and Cash…
  5. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 5
    2016 Reserves 2016 E Proved Reserves 2016 Estimated Reserves 685 MMboe MMboe 800 23% Eagle Ford Shale 750 52 35% Canada Onshore 700 49 50% PDP Canada Offshore 7% 50% PUD GOM 650 Offshore 774 - 121 33% 3% Malaysia 600 685 - 64…
  6. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 6
    PORTFOLIO REVIEW MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 7
  7. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 7
    Offshore 4Q 16 Highlights Malaysia Gulf of Mexico Focused Offshore Opportunities Sarawak Dalmatian 70% W.I. (Op.) Gulf of Mexico S. Acis Development Subsea Pump Project Underway Mexico 30% W.I. (Op.) Successful 1st Gas Achieved in…
  8. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 8
    Eagle Ford Shale 4Q & FY 2016 Highlights Eagle Ford Shale 4Q 16 FY 16 Total Production (boepd) 45,531 48,751 New Wells Online 17 53 Total Percent Liquids 88% Catarina Stumberg 3 Well Pad 80,000 Catarina Average Well 70% Above…
  9. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 9
    Tupper Montney 4Q & FY 2016 Highlights Tupper Montney Total Production (MMcfd) 4Q 16 204 FY 16 200 New Wells Online 2 8 Recent Tupper West Well Performance Tupper Montney 1,200 Cumulative Gas Produced, mmscf Completed 2…
  10. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 10
    Kaybob Duvernay 4Q & FY 16 Highlights Kaybob Duvernay 4Q 16 FY 16 Total Production (boepd) 3,180 3,120 4 Well Pad (4-36) Total Percent Liquids 54% 51% 4,100 ft Wells Performing to Plan at 470 MBOE Type Curve First Murphy 2 Well Pad…
  11. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 11
    LOOKING AHEAD MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 12
  12. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 12
    2017 Capital Budget Strategy Financial Strategies Targeting Cash Flow Neutrality Preserving Financial Strength & Liquidity While Maintaining Dividend Continuing to Focus on Cost Structure Improvements Stabilizing Production to…
  13. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 13
    2017 Production & Capex Guidance 2017 Annual Capex Guidance at 890 MM 590 MM Allocated to NA Onshore Unconventional 2017 Total Capex, 890 Million* Guidance Assumes 52/bbl WTI and 3.10/mcf HH Onshore Production Growth 9%** NA…
  14. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 14
    Advantages of a Balanced Portfolio Driving Long Term Plan mboepd Net Production 2017 2020 Plan 250 Long Term Oil-Weighted Production Growth Within 225 Cash Flow from Existing Assets 200 Generating Cumulative Adjusted Free Cash…
  15. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 15
    Takeaways Growing Onshore Production by 9% Y-O-Y Preserving Balance Sheet & Strong Liquidity Leading EBITDA per boe Adding Reserves from M&A Expanding Exploration Portfolio Achieving Top Tier D&C Performance Establishing…
  16. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 16
    Guidance 1Q 2017 1Q 2017 1Q 2017 Guidance 1Q 2016 Liquids (bopd) Gas (mcfd) Q Production: 103,500 387,000 US - Eagle Ford Shale 41,500 31,000 Gulf of Mexico 13,000 15,500 Canada Tupper Montney - 211,500 Kaybob Duvernay & Placid…
  17. Q4 2016 Earnings Conference Call – Murphy Oil Corp – slide 17
    2017 Hedging Positions Volumes Field Commodity Type (bbl/d) Price (USD/bbl) Start Date End Date United Stated WTI Fixed Price Derivative Swap 22,000 50.41 1/1/2017 12/31/2017 Volumes Field Commodity Type (MMcf/d) Price…

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