FIRST QUARTER 2017 EARNINGS CONFERENCE CALL & WEBCAST MAY 4, 2017 ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER
1Q 17 Financial Overview Adjusted Earnings 1Q 17 Contd Ops 1Q 1Q Gain on Sale of Seal MM (except per share) 2017 2016 Mark-to-Market Gain on Crude Oil Continuing Operations Income (Loss) 57 (199) Tax Benefits on Investments in…
1Q 17 Overview 1Q 17 Production Averaged 169 Mboepd Balanced Onshore Onshore Production Averaged 85 Mboepd (51% Liquids) & Offshore Offshore Production Averaged 84 Mboepd (73% Liquids) Oil-Weighted Balanced, Low Risk NA Onshore and…
1Q 17 Production & Guidance Update 2017 Production Guidance 1Q 17 Production 2Q 17 Guidance 160 164 Mboepd Onshore Maintained FY 17 Guidance 162 168 Mboepd, 62% Liquids Eagle Ford Shale Better Base Performance Offset by Fewer Wells…
ONSHORE PORTFOLIO REVIEW
Global Offshore 1Q 17 2Q 17 E Offshore 1Q 17 Highlights Total Production (boepd) 84,120 75,000 Total Percent Liquids 73% Malaysia Gulf of Mexico Focused Offshore Opportunities Sarawak 99% Uptime of Operated Facilities Gulf of…
Eagle Ford Shale 1Q 17 2Q 17 E FY 17 E Eagle Ford Shale 1Q 17 Highlights Total Production (boepd) 46,170 46,800 50,000 New Wells Online 13 19 72 Stable Production Q-O-Q with Stable Spend Total Percent Liquids 88% 13 New Wells Online…
Austin Chalk 1Q 17 Highlights Progressing Delineation in Karnes Recent Austin Chalk Results In Line with 880 MBOE Atascosa Type Curve Dimmit Drilled 3 Austin Chalk Wells in 1Q 17 & Plan to Drill 5 La Salle Additional Wells in…
Tupper Montney 1Q 17 2Q 17 E Tupper Montney 1Q 17 Highlights Total Production (MMcfd) 207 200 New Wells Online - 5 Tupper Montney Tupper Montney Recent Completions 2,500 Drilled 5 Well Pad in 1Q 17 Being Completed 2Q 17 Drilled…
Kaybob Duvernay 1Q 17 2Q 17 E Kaybob Duvernay 1Q 17 Highlights Total Production (boepd) 2,850 4,400 New Wells Online 3 5 Drilled 5 Wells & Brought 3 Online in 1Q 17 Ongoing Well Optimization Increasing Laterals, 9,000 ft Tighter…
Kaybob Duvernay 05-29 Pad Results Oil Window Well Online March 2017 Acquired Recently Completed Well in Land Swap 6,900 ft Lateral, Drilled on Optimal Azimuth Currently Trending Above 665 MBOE Type Curve, with 75% Liquids 2…
2017 Kaybob Duvernay Appraisal Plan 2017 Capital Budget 145 MM Drill 16 Wells H Complete 13 Wells E A 01-18, 2 Wells D&C, Condensate, Online 1Q 17 C BG B 05-29, 1 Well, Oil, Online 1Q 17 D F A C 04-32, 2 Wells Drilled, Oil,…
ONSHORE BALANCED PORTFOLIO ADVANTAGE MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 14
2Q 17 Production Guidance 2Q 17 Production Guidance 2017 Operated Onshore Well Additions 160 164 Mboepd Onshore 35 Eagle Ford Shale Recent Well Completions Exceeding Type Curves Balanced by Offset Frac Shut-ins 30 Canada Onshore…
Executing the 2017 Strategy Financial Strategies Targeting Cash Flow Neutrality Preserving Financial Strength & Liquidity While Maintaining Dividend Continuing to Focus on Cost Structure Improvements Stabilizing Production to…
Takeaways Progressing Annual Execution Plan Maintaining Top Quartile EBITDA/BOE Preserving Liquidity & Strong Balance Sheet Executing Successfully Onshore to Drive Future Growth Expanding Offshore Exploration Portfolio at…
Guidance 2Q 2017 2Q 2017 2Q 2017 Guidance 2Q 2016 Liquids (bopd) Gas (mcfd) 2Q Production: 99,500 375,000 US - Eagle Ford Shale 41,500 32,000 Gulf of Mexico 12,000 11,000 Canada Tupper Montney - 200,000 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 4/1/2017 12/31/2017 Volumes Field Commodity Type (MMcf/d) Price…
Financial Position as of March 31, 2017 Debt Maturity Profile MM Total Liquidity 1.8 BN at March 2017 1.1 BN of Cash and Liquid Invested Cash 1,500 Maturity Profile Total Bonds Outstanding MM 2,800.0 1.1 BN Senior Unsecured…
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