Skip to main content Supplemental earnings information 1Q-2014 – Hess Corp Investor Presentation | Shale Experts
Loading...
Pm

Supplemental earnings information 1Q-2014 – Hess Corp

Hess Corp · Apr 29, 2014 · 30 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. Supplemental earnings information 1Q-2014 – Hess Corp – slide 1
    First Quarter 2014
  2. Supplemental earnings information 1Q-2014 – Hess Corp – slide 2
    OPERATING RESULTS 1
  3. Supplemental earnings information 1Q-2014 – Hess Corp – slide 3
    Reported Net Income, Items Affecting Comparability and Adjusted Earnings by Operating Activity In millions, except per share data 1Q 1Q 4Q 2014 2013 2013 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP) Exploration…
  4. Supplemental earnings information 1Q-2014 – Hess Corp – slide 4
    Reported Net Income, Items Affecting Comparability and Adjusted Earnings by Operating Activity In millions, except per share data 1Q 1Q 4Q 2014 2013 2013 Adjusted Earnings (Losses)* Exploration and Production 514 698 436 Corporate…
  5. Supplemental earnings information 1Q-2014 – Hess Corp – slide 5
    Items Affecting Comparability Between Periods (Amounts are after income taxes) 1Q 2014 Exploration and Production Earnings include a charge of 6 million for employee severance. Corporate Results include charges of 8 million for…
  6. Supplemental earnings information 1Q-2014 – Hess Corp – slide 6
    Items Affecting Comparability Between Periods (Amounts are after income taxes) 1Q 2013 Exploration and Production Earnings include: Gains of 360 million from the sale of the Corporations interests in the Azeri-Chirag-Guneshli…
  7. Supplemental earnings information 1Q-2014 – Hess Corp – slide 7
    Items Affecting Comparability Between Periods (Amounts are after income taxes) 4Q 2013 Exploration and Production Earnings include: Net income of 156 million associated with the divestiture of the Corporations Indonesian assets.…
  8. Supplemental earnings information 1Q-2014 – Hess Corp – slide 8
    Consolidated Adjusted Earnings Millions 1Q 2014 vs. 1Q 2013 1Q 2014 vs. 4Q 2013 700 669 (184) 700 600 600 17 (56) 500 446 500 22 446 27 78 400 400 319 300 300 200 200 100 100 - - 1Q 2013 E&P Corporate Downstream 1Q…
  9. Supplemental earnings information 1Q-2014 – Hess Corp – slide 9
    Analysis of Consolidated Adjusted Earnings 1Q 2014 vs. 1Q 2013 Exploration and Production The decrease in earnings was primarily due to lower sales volumes, which reflect asset sales and the shut in of Libyan production, partially…
  10. Supplemental earnings information 1Q-2014 – Hess Corp – slide 10
    Exploration and Production Adjusted Earnings Millions 1Q 2014 vs. 1Q 2013 1Q 2014 vs. 4Q 2013 800 800 698 (40) 700 (321) 700 600 600 189 (12) 514 70 (26) 514 500 500 46 (12) 436 400 400 300 300 200 200 100 100 - - 1Q…
  11. Supplemental earnings information 1Q-2014 – Hess Corp – slide 11
    Worldwide Oil & Gas Production MBOEPD 1Q 2014 vs. 1Q 2013 1Q 2014 vs. 4Q 2013 450 450 389 3 20 400 400 30 350 18 350 1 318 10 6 6 318 121 307 300 21 300 21 30 250 250 200 Asset sales reduced 200 production by 77 MBOEPD 150…
  12. Supplemental earnings information 1Q-2014 – Hess Corp – slide 12
    Capital and Exploratory Expenditures 1Q 2014 and 2013 Millions Three Months Ended March 31, 2014 2013 2,000 Exploration and Production United States Bakken 451 535 Other Onshore 155 176 Total Onshore 606 711 1,500 Offshore 162…
  13. Supplemental earnings information 1Q-2014 – Hess Corp – slide 13
    2013 - 2014 PRO FORMA EXPLORATION AND PRODUCTION RESULTS 12
  14. Supplemental earnings information 1Q-2014 – Hess Corp – slide 14
    2013 - 2014 Pro forma Financial Information Basis of Presentation: The summarized actual and pro forma adjusted earnings for the Exploration and Production (E&P) segment contained herein exclude hedging results and items affecting…
  15. Supplemental earnings information 1Q-2014 – Hess Corp – slide 15
    Exploration and Production Pro forma 1Q 2014 Three Months Ended March 31, 2014 Actual Pro Forma Actual Pro Forma ( Millions) (/BOE) Net revenue 2,274 2,172 79.46 80.89 Costs and expenses Cash costs 604 595 21.11 22.17…
  16. Supplemental earnings information 1Q-2014 – Hess Corp – slide 16
    Exploration and Production Pro forma 4Q 2013 Three Months Ended December 31, 2013 Actual Pro Forma Actual Pro Forma ( Millions) (/BOE) Net revenue 2,279 2,109 80.80 82.53 Costs and expenses Cash costs 711 647 25.19 25.31…
  17. Supplemental earnings information 1Q-2014 – Hess Corp – slide 17
    Exploration and Production Pro forma 1Q 2013 Three Months Ended March 31, 2013 Actual Pro Forma Actual Pro Forma ( Millions) (/BOE) Net revenue 2,817 1,937 80.37 80.24 Costs and expenses Cash costs 743 545 21.20 22.56…
  18. Supplemental earnings information 1Q-2014 – Hess Corp – slide 18
    BAKKEN OPERATIONAL DATA 17
  19. Supplemental earnings information 1Q-2014 – Hess Corp – slide 19
    Bakken Production - 2014 Net Production by Product 2014 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 58 58 NGL MBBLPD 2 2 Gas MMCFPD 15 15 Total MBOEPD* 63 63 Net Production by Operatorship 2014 YTD Avg 4Q 3Q 2Q 1Q Operated MBOEPD 54 54…
  20. Supplemental earnings information 1Q-2014 – Hess Corp – slide 20
    Bakken Production - 2013 Net Production by Product 2013 FY Avg 4Q 3Q 2Q 1Q Oil MBBLPD 55 57 57 52 - 53 NGL MBBLPD 6 5 7 6- 6 Gas MMCFPD 38 33 44 39 - 34 Total MBOEPD* 67 68 71 64 - 65 Net Production by Operatorship 2013 FY…
  21. Supplemental earnings information 1Q-2014 – Hess Corp – slide 21
    Bakken Operational Well Statistics - 2014 Hess Operated Wells 2014 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 17 17 Drilling Days Spud-to-Spud 23 23 2014 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 46 46 Completion by…
  22. Supplemental earnings information 1Q-2014 – Hess Corp – slide 22
    Bakken Operational Well Statistics - 2013 Hess Operated Wells 2013 FY Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 14 14 14 14 15 Drilling Days Spud-to-Spud 26 26 24 27 26 2013 FY 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 195 49…
  23. Supplemental earnings information 1Q-2014 – Hess Corp – slide 23
    Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 60 Williams_MB Williams_3F Stark_3F Mountrail_MB Mountrail_3F McKenzie_MB McKenzie_3F Dunn_MB Dunn_3F Burke_MB Burke_3F 50 2 1 5 11 2 40…
  24. Supplemental earnings information 1Q-2014 – Hess Corp – slide 24
    Bakken Well Costs, Working Interest and Acreage - 2014 Average Well Cost - Hess Operated 2014 YTD 4Q 3Q 2Q 1Q Drilling MM/Well 4.7 4.7 Completion MM/Well 2.8 2.8 Total MM/Well 7.5 7.5 Average Working Interest of New Wells Spud…
  25. Supplemental earnings information 1Q-2014 – Hess Corp – slide 25
    Bakken Well Costs, Working Interest and Acreage - 2013 Average Well Cost - Hess Operated 2013 FY 4Q 3Q 2Q 1Q Drilling MM/Well 4.9 4.8 4.8 5.1 4.8 Completion MM/Well 3.2 2.8 3.0 3.3 3.8 Total MM/Well 8.1 7.6 7.8 8.4 8.6 Average…
  26. Supplemental earnings information 1Q-2014 – Hess Corp – slide 26
    UTICA OPERATIONAL DATA 25
  27. Supplemental earnings information 1Q-2014 – Hess Corp – slide 27
    Utica JV Operational Well Statistics - 2014 Rig Count 2014 YTD Avg 4Q 3Q 2Q 1Q Horizontal JV Rig Count - No. of Rigs Drilling - Hess Op 3 3 Drilling - Consol Op 1 1 Drilling - Total Utica JV 4 - - - 4 1 Well Count 2014 2 ITD…
  28. Supplemental earnings information 1Q-2014 – Hess Corp – slide 28
    Utica Operational Well Statistics - 2013 Rig Count 2013 FY Avg 4Q 3Q 2Q 1Q Rig Count - No. of Rigs Drilling - Hess Op 2 2 2 2 2 Drilling - Consol Op 1 - 1 1 1 Drilling - Total Utica JV 3 2 3 3 3 Drilling - Hess 100% 1 1 1 1 1…
  29. Supplemental earnings information 1Q-2014 – Hess Corp – slide 29
    Utica JV Net Revenue Interest & Net Acreage - 2014 Joint Venture Average Net Revenue Interest 2014 YTD Avg 4Q 3Q 2Q 1Q JV Average Net Revenue Interest 95% 95% Joint Venture Net Acreage Position - '000 acres 2014 4Q 3Q 2Q…
  30. Supplemental earnings information 1Q-2014 – Hess Corp – slide 30
    Oil Wet Gas Dry Gas Utica JV Well Test Results 2013 & 2014 Well No County Well Test Results CNXHAR 10N5W 1H-23 (Cadiz A) CNXHAR 9N4W 1H-6 (Green A) 2014 1Q Oxford A 1H-8 Guernsey 1,390 boe/d, 69% Liquids 2013 Full Year…

From the store

Browse maps, data & reports in the Shale Experts store