FOURTH QUARTER 2016 EARNINGS CONFERENCE CALL & WEBCAST JANUARY 26, 2016 Roger Jenkins PRESIDENT & CHIEF EXECUTIVE OFFICER
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)…
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…
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…
PORTFOLIO REVIEW MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 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…
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…
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…
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…
LOOKING AHEAD MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 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…
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…
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…
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…
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…
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…