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Howard Weil Energy Conference – Hess Corp

Hess Corp · Mar 25, 2014 · 25 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. Howard Weil Energy Conference – Hess Corp – slide 1
    HESS CORPORATION HOWARD WEIL ENERGY CONFERENCE MARCH 25, 2014
  2. Howard Weil Energy Conference – Hess Corp – slide 2
    Pure Play E&P Driving Shareholder Value Focused World Class Portfolio Visible growth in production of 5%-8% CAGR (2012 Pro Forma - 2017) Long life assets in areas where Hess has proven capability Five key areas represent 80% of…
  3. Howard Weil Energy Conference – Hess Corp – slide 3
    Transformation to Pure Play E&P Integrated Oil CompanyWhat Weve Promised Focused Pure Play E&P Key Deliverables 2013 Divested more than 50% of E&P assets over 4 years Focused Pure Play E&P Built leading U.S. shale positions, e.g.…
  4. Howard Weil Energy Conference – Hess Corp – slide 4
    Progress on Divestitures Announced in 2013 After Tax Proceeds Asset Terms Agreed Date Completion Date (in millions) Beryl Oct-2012 Jan-2013 440 Azerbaijan (ACG) Sep-2012 Mar-2013 880 Eagle Ford Mar-2013 May-2013 280 Russia…
  5. Howard Weil Energy Conference – Hess Corp – slide 5
    E&P Portfolio Focused in Five Areas Located in Areas Where Hess is Competitively Advantaged Valhall / Pro Forma Metrics South Arne 11% Prod. 2013A Production (Mboe/d) 285 Bakken 24% Res. 23% Prod. Utica 31% Res. 2013A Reserves…
  6. Howard Weil Energy Conference – Hess Corp – slide 6
    Three Pronged Strategy to Drive Growth and Returns Unconventional Pro Forma Production Bakken free cash positive in 2015 Large inventory of high return Bakken well locations goal of 150mbd by 2018 Leading position in emerging…
  7. Howard Weil Energy Conference – Hess Corp – slide 7
    Leading Oil-Linked Asset Base 76% Liquids Source: SEC filings, company annual reports, and company press releases 8 Note: Percentage of reserves that are liquids based for peers calculated as per 2013 year-end SEC filings;…
  8. Howard Weil Energy Conference – Hess Corp – slide 8
    Industry Leading Cash Margin 2013 49.0 41.1 36.4 35.2 33.1 32.4 32.3 30.9 30.9 27.8 /BOE 18.4 17.4 Hess MUR OXY EOG APA NBL COP TLM MRO APC CHK DVN 2009 to 2013 36.9 34.4 32.2 29.9 28.9 28.0 27.7 27.6 27.5 26.7…
  9. Howard Weil Energy Conference – Hess Corp – slide 9
    Enhanced Financial Flexibility and Providing Current Returns to Shareholders Financial Flexibility to Fund Future Total Upstream Capital and Exploratory Expenditures Growth Paid down 2.4 billion of short term debt 8.1 bn with…
  10. Howard Weil Energy Conference – Hess Corp – slide 10
    ASSET OVERVIEW
  11. Howard Weil Energy Conference – Hess Corp – slide 11
    Unconventional Exploitation Exploration World Class Position in Bakken Shale Strategic / Portfolio Context Burke Single biggest contributor to production growth Tioga Rail Terminal through 2018 Tioga Gas Plant Competitively…
  12. Howard Weil Energy Conference – Hess Corp – slide 12
    Unconventional Exploitation Exploration Driving Performance in the Bakken Reducing Well Costs Drilling Performance: Spud-to-Spud Days Drilling & Completion Costs (mm) 47% improvement 42% improvement While Optimizing Well…
  13. Howard Weil Energy Conference – Hess Corp – slide 13
    Unconventional Exploitation Exploration Significant Value Uplift From Bakken Infrastructure Tioga Rail Terminal Strategic / Portfolio Context Flexibility to access highest value markets Maximize value per boe Intend to monetize…
  14. Howard Weil Energy Conference – Hess Corp – slide 14
    Unconventional Exploitation Exploration Core Position in Emerging Ohio Utica Shale Play Oil Wet Gas Dry Gas Strategic / Portfolio Context Jefferson Cadiz A 1H-23 Material position in wet gas area Green A 1H-6 Leverages Bakken…
  15. Howard Weil Energy Conference – Hess Corp – slide 15
    Unconventional Exploitation Exploration Valhall Multi-Year Drilling Opportunities Strategic / Portfolio Context Long life, material asset; 3.2 Bboe originally in place (gross) Key forward contributor to reserves, production and…
  16. Howard Weil Energy Conference – Hess Corp – slide 16
    Unconventional Exploitation Exploration South Arne High Margin with Exploitation Upside Strategic / Portfolio Context High margin and free cash flow Exploitation upside through infill drilling and near field tie backs Leverages…
  17. Howard Weil Energy Conference – Hess Corp – slide 17
    Unconventional Exploitation Exploration Equatorial Guinea Block G 4-D Seismic Unlocking Value Strategic / Portfolio Context High margin and strong cash flow Material contributor to production 4D seismic has resulted in additional…
  18. Howard Weil Energy Conference – Hess Corp – slide 18
    Unconventional Exploitation Exploration JDA Material Production and Free Cash Flow Cakerawala Strategic / Portfolio Context JDA Platform Low cost, long life gas asset Thailand Material production and free cash flow PM302…
  19. Howard Weil Energy Conference – Hess Corp – slide 19
    Unconventional Exploitation Exploration North Malay Basin Low Risk Oil-Linked Gas Development Cakerawala Strategic / Portfolio Context JDA Platform Low risk development of 9 discovered Thailand gas fields Material production and…
  20. Howard Weil Energy Conference – Hess Corp – slide 20
    Unconventional Exploitation Exploration Deepwater Gulf of Mexico Portfolio Strategic / Portfolio Context Asset Details Target to maintain production of Key producing assets: Shenzi, 70 Mboe/d through 2017 Conger and Llano…
  21. Howard Weil Energy Conference – Hess Corp – slide 21
    Unconventional Exploitation Exploration Tubular Bells High Margin Asset; On Line 3Q14 Strategic / Portfolio Context Louisiana Tubular Bells Material high margin asset Key contributor to production Stampede growth and cash…
  22. Howard Weil Energy Conference – Hess Corp – slide 22
    Unconventional Exploitation Exploration Ghana Deep Water Tano Cape Three Points Cote dIvoire Ghana Hess 50% W.I., operator Hess Operated 7 discoveries material to resource base Hess Discovery Industry Developments Builds on West…
  23. Howard Weil Energy Conference – Hess Corp – slide 23
    Unconventional Exploitation Exploration Kurdistan Dinarta and Shakrok Turkey Hess 64% W.I., operator Shireen Iran Spud Shakrok in 3Q13; TD and Bradost production testing 2Q14 Dinarta Expect to spud Shireen in 2Q14 Pelewan…
  24. Howard Weil Energy Conference – Hess Corp – slide 24
    Pure Play E&P Driving Shareholder Value Focused World Class Portfolio Three Pronged Strategy to Drive Growth and Returns While Managing Risk Financial Flexibility to Fund Future Growth Providing Current Returns to…
  25. Howard Weil Energy Conference – Hess Corp – slide 25

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