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INVESTOR PRESENTATION – MDU Resources Group Inc.

MDU Resources Group Inc. · Mar 14, 2014 · 18 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. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 1
    J. Kent Wells Vice Chairman of the Corporation and President and CEO of Fidelity Exploration & Production Building A Strong America
  2. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 2
    Exploration & Production Significantly grow earnings and NAV by: Targeting oil to maximize profitability Expanding key existing positions and exploring emerging opportunities Two producing regions: Leveraging our horizontal…
  3. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 3
    Returns Based Investing Production Mix 2008 2013 Gas Gas 80% 45% Oil 16% Oil 47% NGL 8% NGL 4% Rebalancing portfolio toward higher returns for oil
  4. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 4
    Oil Production Growth Oil Production by Quarter 1,400 Increased oil production 30% in 2013 1,200 1,000 2013 oil production increased to 4.8 million 800 barrels 1,252 1,244 1,201 1,139 1,118 600 2013 oil…
  5. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 5
    Bakken Oil Play 2013 4Q 2013 net oil production 7,900 BOPD Oil Production Extreme winter weather impacted Dec-Feb 2.8 Million production Net Barrels Approximately 130 million in capital spending planned for 2014 59% of company oil…
  6. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 6
    Bakken Mountrail County Saskatchewan Bakken Development area - 16,000 net acres MT Potential upside with Three Forks ND Mountrail County formation and downspacing SD Carol 43-29H Testing new completion technique IP: 520…
  7. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 7
    Bakken Mountrail County D&C Performance 1280 Average Well Costs 1280 Average Spud-To-TD Time 10 30 9 25 8 7 20 Well Cost, MM 6 Days 5 15 4 10 3 2 5 1 0 0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q12 2Q12 3Q12…
  8. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 8
    Bakken Stark County Saskatchewan Manitoba Bakken Primary target Three Forks formation MT ND Kubas 12-1H IP: 797 BOEPD Approx. 51,000 net Stark County SD Cindy 14-23H acres IP: 724 BOEPD Testing new completion…
  9. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 9
    Bakken Completion Design Testing 300 Historical Completions Design Uncemented liner with sliding sleeves 30 Stages 300 spacing 30 frac entry points 100 New Completions Design 1 Cemented liner Coil tubing activated sleeves 100…
  10. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 10
    Paradox Basin - Continuing to build a dominant position WY Approx. 130,000 net acres, Paradox plus 20,000 acres under UT CO Grand County option Cane Creek Unit Added 2nd rig in December San Juan County AZ Recently spud 1st…
  11. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 11
    Paradox Basin Well Name 2014 2015 2016 2017 Cane Creek Unit - develop Cane Creek Shale - develop Cane Creek Shale - develop Cane Creek Shale Fertilizer area - develop Uphole Clastics - appraise Uphole Clastics - develop Uphole…
  12. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 12
    Paradox Basin Current net production averaging 4,000 BOPD Recent Big Success wells: Well Name 1st Sales Cum. To Date Current Prod. FTP (MBO) (BOPD) (psi) CCU 12-1 Sept 2012 630 1,000 300 CCU 18-1 Mar 2013 270 800 170 CCU 36-1…
  13. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 13
    Powder River Basin Moving into sweet spot of a top-tier basin Acquisition of 42,148 SM Loco Federal 4076-9-4-1FH Frontier gross/24,475 net acres 906 BOPD + 1186 MCF/d SM Brider Federal 4076-23-14-1SH Shannon 642 BOPD + 313 MCF/d…
  14. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 14
    Powder River Basin Potential impact of stacked pay Frontier Play Entering development phase 2nd Bench1 90 gross/24 net wells Net potential reserves 15 MMBO and 26 Bcf 1st Bench1 120 gross/26 net wells Net potential reserves 16…
  15. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 15
    Gas Properties Oil growth is key to Fidelitys strategy, but we maintain a diversified portfolio Our gas assets include: Significant operated fields (all 100% WI) Baker Field, Fallon County, MT Bowdoin Field, Phillips County, MT…
  16. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 16
    2013 Reserve Summary NPV10 increased 272 million to 1.34 billion Strategic direction driving value creation over reserve volume growth YE 2013 reserves of 80.7 MMBOE essentially flat to YE 2012 reserves of 80.5 MMBOE Managed…
  17. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 17
    2014 Outlook Returns Based Investment Philosophy Focus on oil growth Led by growth in Paradox, Bakken and Powder River Basin Production guidance unchanged expect to update with Q1 earnings release Capital expenditures of…
  18. INVESTOR PRESENTATION – MDU Resources Group Inc. – slide 18
    Building A Strong America

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