UK O&G Majors' Presentations - 2011

BP:
China’s energy future
2011 Statistical 60 Years Review


Shell:
March 2011 Investor Presentation
Goldman Sachs London 2011
Credit Suisse Energy Summit 2011

ExxonMobil:
2011 Analyst Meeting
2011 Business Model & Fundamental Strategies

ConocoPhillips:
Investor Presentation - June 2011
Investor Update - May 2011
2011 Annual Meeting of Stockholders
UBS Energy Conference 2011


TOTAL:
2010 Results and Outlook

Centrica Plc:
Annual General Meeting 2011

BG:
2011 Strategy Presentation

Nexen:
UBS Oil & Gas Conference
Investor Roadshow - May 2011
2011 Annual General Meeting

Chevron:
Tengiz Field Trip 2011
Eurasia Business Unit Overview
2011 Tengiz Field Trip - Europe, Eurasia and Middle East

ENI:
2011-2014 Strategy Presentation

Producing assets worth $11.3 billion up for sale. Nearly 51% of the assets are from the US and Canada.

The Deals-in-Play report from Derrick Petroleum Services is a must-have for business development professionals working on oil and gas deals. The report provides information on approximately 250+ Assets for sale, Corporate M&A opportunities, JV opportunities and Exploration farm-ins. The deals have been categorized according to the value range: $1,000-$10,000 million, $500-$1,000 million, $100-$500 million, $25-$100 million, $5-$25 million and less than $5 million.

Here is the sample of the report pertaining to only producing assets worth around $11.335 billion. The data for this report has been sourced from the Derrick E&P Transactions Database.

Highlights

1. Total value of the assets- $11.335 billion

2. Value by Region:

• United Kingdom- $3.93 billion (~$3 billion worth of assets available from ConocoPhillips’ $5-10 billion divestiture program)
• United States - $3.06 billion
• Canada- $2.77 billion
• Vietnam- $1.5 billion
• Colombia- $77 million

3. Value by Hydrocarbon:

• Oil- $3.3358 billion
• Gas- $3.046 billion
• Oil+Gas- $4.931 billion

The assets from the US and Canada account for nearly 51% of the total deal value. Inspite of the high oil prices and low gas prices, the breakage between oil and gas deals is 50:50.

Top Billion Dollar Deals-in-Play

Top Deals-in-Play in the US

Top Deals-in-Play in Canada

For more information on the report, do write at anitha.bharathi@derrickpetroleum.com

Investor Presentations of O&G Majors in 2011

Anadarko:

2011 Investor Conference Call

2011 Investor Day Presentation

Apache:

Investor Day - May 2011

2011 Annual Meeting Slides

Sanford Bernstein Strategic Decisions Conference

BHP Billiton:

Citi Global Resources Conference

Howard Weil Energy Conference

BP:

BP 2011 Statistical 60 Years Review

Chesapeake:

February 2011 Investor Presentation

March 2011 Investor Presentation

April 2011 Investor Presentation

May 2011 Investor Presentation

June 2011 Investor Presentation

ConocoPhillips

June 2011 Investor Update

2011 Analyst Meeting

ExxonMobil

Exxonmobil 2011 Business Model & Fundamental Strategies

Asian investors line up to acquire shale gas assets.. Petronas signs C$1.07 billion deal to develop Progress’ Montney shale.

Progress Energy Resources Corp has executed a binding framework agreement to create a strategic partnership with PETRONAS, to develop a portion of Progress' Montney shale assets in the Foothills of northeast British Columbia. Progress will sell 50% of its working interest in its Altares, Lily and Kahta properties (the North Montney Joint Venture) to PETRONAS for C$1.07 billion. The deal is PETRONAS’ first foray in Canada. BMO Capital Markets acted as exclusive financial advisor to Progress on this transaction. Bank of America Merrill Lynch is the exclusive financial advisor to PETRONAS on this transaction.

Under the terms of the framework agreement, PETRONAS will pay 25% of the total consideration (C$267.5 million) in cash at closing and 75% of the total consideration in the form of a capital carry whereby PETRONAS will pay 75% of Progress' share of future capital expenditures in the North Montney Joint Venture over the next five years to a total of C$802.5 million.

Source: BMO Capital Markets Website

Assets under JV

The North Montney Joint Venture comprises 149,910 working interest acres in which PETRONAS will acquire a 50% interest and Progress will be the operator. The North Montney Joint Venture lands represent approximately 20% of Progress' rights in its northeast British Columbia Foothills land holdings, which total approximately 700,000 net acres. Progress holds approximately 900,000 net acres of Montney rights over its entire British Columbia and Alberta land base, making it one of the largest Montney land rights holders. The joint venture properties include five wells with minimal production at this time. Petronas said the possible resources could be as high as 15 trillion cubic feet.

LNG options

In addition to the above Transaction, PETRONAS and Progress will establish an LNG export joint venture to be 80% and 20% owned, respectively. The LNG Export Joint Venture will launch a feasibility study to evaluate building and operating a new LNG export facility on the West Coast of British Columbia. PETRONAS would be the operator of this facility, and PETRONAS and Progress would jointly market the LNG utilizing PETRONAS' well-established and extensive network of customers in the largest LNG markets globally.

In connection with the LNG Export Joint Venture, PETRONAS will provide a standby equity financing commitment of up to $600 million, for Progress' capital requirements arising from the North Montney and LNG Export joint ventures from which Progress can draw down at the time of a successful LNG final investment decision.

Asian investors busy in American shale business

Recently, other Asian majors such as PetroChina, Korea Gas, Mitsui, Mitsubishi and Reliance had also ventured into North American shale gas plays. Since the last quarter of 2010, Asian companies have invested around $8 billion on Montney shale. PetroChina clinched the biggest deal (C$5.4 billion) in Montney with Encana in early 2011. Notably, Talisman and Sasol finalised two joint ventures in Montney shale.

The following table shows the list of significant Montney deals sourced from Derrick Petroleum E&P Transactions Database.

Source: Derrick Petroleum E&P Transactions Database

PetroQuest Energy Investor Presentation

- Woodford JV generates significant liquidity and accelerates monetization of long-term acreage development
- 4Q11 oil production exit rate expected to increase 10%+ over 1Q11
- Only 2% of 2011 capital allocated to non-promoted dry gas projects
- During 2010 extended maturity of HY debt to 2017

http://docsearch.derrickpetroleum.com/files/12970/June_001.pdf

Eagle Ford acreage metrics skyrocketing.. Marathon acquires Eagle Ford acreage at ~$18,000/acre while most of the analysts report at $25,000/acre.. Read this to know how..

Marathon Oil reached a definitive agreement with Hilcorp Resources Holdings LP to purchase its assets in the core of the Eagle Ford shale formation for $3.5 billion. Hilcorp Resources Holdings is a partnership between affiliates of Hilcorp Energy Company and Kohlberg Kravis Roberts & Co. LP.

Hilcorp acreage acquisition highlights:

• ~141,000 net acres (217,000 gross acres) primarily in Atascosa, Karnes, Gonzales and DeWitt counties in Texas
• Resource potential of 400 – 500 mmboe, ie., 473 mmboe
• Potential to book up to 100 mmboe of proved reserves by the end of 2011
• Potential additional 14,000 acres from tag-along and other leasing
• Approximately 90% operated with a 65% average working interest
• Current net production 7,000 boepd, 2011 exit ~ 12,000 boepd (80% liquids)
• ~ 80,000 net boepd by 2016.

$/acre is ~$18,000. Know how...

Value of Reserves or Production

Assuming the proved reserves and the production would reach 100 mmboe and 12,000 boepd by the end of 2011, the reserves are valued at $1,000 million (@$10/boe) which leaves the production metrics at $83,333/boe/d.

Value of Undeveloped Acreage or Resources

The remaining value of $2,500 million is assigned to undeveloped acreage of 141,000 or the resource potential of 373 mmboe (after deducting for proved reserves of 100 mmboe). This $2,500 million puts the $/acre at $17,730 (approximately equal to the company reported average price of $15,000/acre) and leaves the resources at $6.7/boe.

Eagle Ford acreage metric is skyrocketing

This is the biggest deal in Eagle Ford Shale, in terms of deal value. Recently, KNOC clinched $1.55 billion Eagle Ford JV with Anadarko early this year. The acreage metrics of Marathon deal is at a 27% premium compared to the KNOC-Anadarko deal which was at a 27% premium compared to the 2010 acreage metrics in Eagle Ford.

The following data source from Derrick Petroleum Services shows the acreage metrics of the 2010 Eagle Ford transactions.

Source: Derrick Petroleum - E&P Transactions Database

Eagle Ford Hilcorp Resources Acreage Acquisition

Hilcorp Acreage Acquisition Summary
- $3.5 Billion cash, subject to closing adjustments and HSR approval
- ~141,000 net acres (217,000 gross acres)
- Accretive to earnings and operating cash flow and self-funding by 2014
- Expected closing November 1, 2011, effective date May 1, 2011
http://docsearch.derrickpetroleum.com/files/12974/Eagle%20Ford%20Shale%20Presentation%20Slides.pdf