Production & Guidance Update 2017 Production Guidance 3Q 17 Production Enhancements 3Q 17 Guidance 156 158 Mboepd Operated FY 17 Guidance 163 167 Mboepd, 61% Liquids Eagle Ford Shale 24 Wells Averaging IP30 1,000 BOEPD Online 40 Days…
Rapid Rise to Data-Centric Company Murphys Employees Information Technology Culture of Collaboration Cloud First Strategy Cross-Functional Teams Large Data Repository Grass Roots Innovation One Linked System for Budgeting, Planning,…
PORTFOLIO REVIEW MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 7
Global Offshore 2Q 17 Offshore Operations 2Q 17 Highlights Total Production (BOEPD) 76,734 Total Percent Liquids 71% Malaysia Gulf of Mexico (Operated) 2Q 17 Capex 9 MM Generating 112 MM Free Cash Flow 99% Uptime of Operated…
Vietnam Exploration Update Cuu Long Basin Cuu Long Basin Block 15-1/05 Murphy 35% WI, Non-Op 15-1/05 Significant Discovered Resource in Lac Da 15-1/05 Vang (LDV) Field 15-2 LDT Prospect Progressing Development Plan LDN…
Australia Exploration Update Ceduna Murphy AUSTRALIA Santos Ceduna Basin EPP 43 BP 0 Wells 50 Leads Identified on New 3D Seismic EPP 37 1 Well Chevron EPP 44 2 Wells Maturing 5 Leads with 300+ MMBBL Recoverable BP EPP 38…
Mexico Exploration Update Deepwater Block 5 Murphy 30% WI, Operator Murphy Petronas Ophir 7 Leads, Up to 1,100 MMBOE Statoil BP Petronas Sierra Sierra Recoverable Resource Total Progressing Permits to Drill Shallow Water…
Eagle Ford Shale 2Q 17 3Q 17 E Eagle Ford Shale 2Q 17 Highlights Total Production (BOEPD) 46,000 47,250 New Wells Online 19 24 Total Percent Liquids 87% Stable Production Q-O-Q Wilson 19 New Wells Online N. TILDEN E. TILDEN 2…
Eagle Ford Shale Efficient Cube Development Stacked Pay Potential Exists on Majority of Acreage Wilson Significant Future Locations 900+ Locations in Lower EFS KARNES 700+ Locations in Upper EFS 350+ Locations in Austin Chalk…
Tupper Montney 2Q 17 3Q 17 E Tupper Montney 2Q 17 Highlights Total Production (MMCFD) 204 213 New Wells Online 5 - Recent Activity 15-08 Pad (5 Wells) Online 2Q 17 Drill to Fill in Existing Processing Facilities 3 Upper & 2 Middle…
Accelerating Value in Tupper Montney Tupper Montney Expansion Production Profiles Evaluating Expansion Options at Tupper Montney 1200 200 MMCFD of Transport on TCPL for Late 2020 1000 FEED with Enbridge for 200 MMCFD Expansion 800…
Kaybob Duvernay 2Q 17 Kaybob Duvernay 2Q 17 Highlights Total Production (BOEPD) 3,500 New Wells Online 2 Increased Production 24% from 1Q 17 to 2Q 17 Appraisal Wells Completed 04-32 Pad (2 Wells) Oil Average 7,700 ft Laterals Online…
Kaybob Duvernay Recent Results Oil Window Wells Online Oil Window Wells Online 04-32C Well Online 2Q 17 05-29A Well Online 1Q 17 7,400 ft Lateral, Slick Water 3,000 lbs/ft 6,900 ft Lateral, Drilled On Optimal Azimuth Peak Rate 2,000…
2017 Kaybob Duvernay Appraisal Plan 2017 Appraisal Plan Drill 16 Wells Online 10 Wells A 01-18, 2 Wells D&C, Cond, Online 1Q 17 E B 05-29, 1 Well, Oil, Online 1Q 17 C I H C 04-32, 2 Wells D&C, Oil, Online 2Q 17 BF D 11-18, 3 Wells…
Takeaways Progressing Annual Execution Plan Achieving Top Quartile EBITDA/BOE Preserving Liquidity & Strong Balance Sheet Executing Successfully Onshore to Drive Future Growth Improving Offshore Exploration Portfolio for…
Guidance 3Q 2017 3Q 2017 3Q 2017 Guidance 3Q Liquids (BOPD) Gas (MCFD) 3Q Production: US - Eagle Ford Shale 42,000 31,500 Gulf of Mexico 9,500 10,500 Canada Tupper Montney - 213,000 Kaybob Duvernay & Placid Montney 4,000 18,000…
2017 Hedging Positions Volumes Field Commodity Type (BOPD) Price (USD/BBL) Start Date End Date United Stated WTI Fixed Price Derivative Swap 22,000 50.41 7/1/2017 12/31/2017 Volumes Field Commodity Type (MMCFD) Price (MCF) Start…