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Third Quarter 2017 Results – Hess Corp

Hess Corp · Oct 25, 2017 · 21 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. Third Quarter 2017 Results – Hess Corp – slide 1
    Supplemental Earnings Information Third Quarter 2017
  2. Third Quarter 2017 Results – Hess Corp – slide 2
    OPERATING RESULTS 1
  3. Third Quarter 2017 Results – Hess Corp – slide 3
    Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity In Millions, Except Per Share Data 3Q 3Q 2Q 2017 2016 2017 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP)…
  4. Third Quarter 2017 Results – Hess Corp – slide 4
    Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity (Contd) In Millions, Except Per Share Data 3Q 3Q 2Q 2017 2016 2017 Adjusted Net Income (Loss)* Exploration and Production…
  5. Third Quarter 2017 Results – Hess Corp – slide 5
    Items Affecting Comparability of Earnings Between Periods (Amounts, After Income Taxes) 3Q 2017 Exploration and Production Results include: A gain of 314 million related to the sale of enhanced oil recovery assets in the Permian…
  6. Third Quarter 2017 Results – Hess Corp – slide 6
    Consolidated Adjusted Net Income (Loss) In Millions 3Q 2017 vs. 3Q 2016 3Q 2017 vs. 2Q 2017 75 75 (340) (324) (449) (324) - - (75) (75) (150) (150) (225) (225) 47 9 (40) (300) (300) 116 6 3 (375) (375) (450) (450)…
  7. Third Quarter 2017 Results – Hess Corp – slide 7
    Analysis of Consolidated Adjusted Net Income (Loss) 3Q 2017 vs. 3Q 2016 Exploration and Production The improved results reflect higher realized crude oil selling prices, and lower operating costs, depreciation, depletion and…
  8. Third Quarter 2017 Results – Hess Corp – slide 8
    Exploration and Production Adjusted Net Income (Loss) In Millions 3Q 2017 vs. 3Q 2016 3Q 2017 vs. 2Q 2017 75 75 25 (285) (238) 25 (354) (238) (25) (25) (75) (75) (125) (125) 50 (70) (175) (175) 50 (225) 51 (34) (225) 9…
  9. Third Quarter 2017 Results – Hess Corp – slide 9
    Worldwide Oil & Gas Production In MBOEPD 3Q 2017 vs. 3Q 2016 3Q 2017 vs. 2Q 2017 350 350 314 (23) 25 311 300 11 311 (4) (3) 7 300 7 (11) 6 15 300 15 13 250 250 200 200 150 307 296 150 32874 296 100 100 50 50 - -…
  10. Third Quarter 2017 Results – Hess Corp – slide 10
    Capital and Exploratory Expenditures In Millions 3Q 2017 vs. 3Q 2016 Three Months Ended September 30, 650 2017 2016 600 E&P Capital and Exploratory Expenditures 27 United States 550 Bakken 186 126 89 Other Onshore 8 2 500 90…
  11. Third Quarter 2017 Results – Hess Corp – slide 11
    Capital and Exploratory Expenditures (Contd) In Millions 3Q 2017 YTD vs. 3Q 2016 YTD Nine Months Ended September 30, 1,800 2017 2016 1,650 E&P Capital and Exploratory Expenditures 194 United States 1,500 75 Bakken 424 330…
  12. Third Quarter 2017 Results – Hess Corp – slide 12
    OTHER INFORMATION 11
  13. Third Quarter 2017 Results – Hess Corp – slide 13
    2017 Guidance to Investors (1) GUIDANCE ACTUAL Full Year 4Q 3Q 2Q 1Q Production - Thousand Barrels of Oil Equivalent Per Day (MBOEPD) Total - excluding Libya 300 290 - 300 299 294 307 Bakken 105 105 - 110 103 108 99 Unit Cost…
  14. Third Quarter 2017 Results – Hess Corp – slide 14
    BAKKEN OPERATIONAL DATA 13
  15. Third Quarter 2017 Results – Hess Corp – slide 15
    Bakken Production - 2017 Net Production by Product 2017 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 66 63 68 67 NGL MBBLPD 27 29 29 23 Gas MMCFPD 61 63 66 53 (1) Total MBOEPD 103 103 108 99 Net Production by Operatorship 2017 YTD Avg 4Q 3Q…
  16. Third Quarter 2017 Results – Hess Corp – slide 16
    Bakken Production - 2016 Net Production by Product 2016 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 68 62 67 69 73 NGL MBBLPD 27 24 29 27 27 Gas MMCFPD 61 52 66 59 67 (1) Total MBOEPD 105 95 107 106 111 Net Production by Operatorship 2016…
  17. Third Quarter 2017 Results – Hess Corp – slide 17
    Bakken Operational Well Statistics - 2017 Hess Operated Wells 2017 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 3 4 4 2 Drilling Days Spud-to-Spud 15 16 15 15 2017 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 58 24 23 11…
  18. Third Quarter 2017 Results – Hess Corp – slide 18
    Bakken Operational Well Statistics - 2016 Hess Operated Wells 2016 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 3 2 3 3 4 Drilling Days Spud-to-Spud 17 17 16 16 18 2016 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 71 11…
  19. Third Quarter 2017 Results – Hess Corp – slide 19
    Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 35 McKenzie_3F McKenzie_MB Mountrail_3F Mountrail_MB Williams_3F Williams_MB 30 3 2 25 3 5 3 5 20 6 4 9 4 15 4 1 4 2 8…
  20. Third Quarter 2017 Results – Hess Corp – slide 20
    Bakken Well Costs, Working Interest and Acreage - 2017 Average Well Cost - Hess Operated 2017 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.7 2.7 2.7 2.7 Completion MM/Well 2.7 3.1 1.8 1.8 (1) Total MM/Well 5.4 5.8 4.5 4.5 Average…
  21. Third Quarter 2017 Results – Hess Corp – slide 21
    Bakken Well Costs, Working Interest and Acreage - 2016 Average Well Cost - Hess Operated 2016 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.9 2.7 2.8 2.9 3.1 Completion MM/Well 1.9 1.9 1.9 1.9 2.0 (1) Total MM/Well 4.8 4.6 4.7 4.8 5.1…

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