Integrity Urgency Ownership - PowerPoint PPT Presentation

Integrity • Urgency • Ownership • Alignment • Innovation

Hilcorp Alaska Workforce Year End 2012 255 Employees 96% Alaska Residents Year End 2013 316 Employees 97% Alaska Residents Year End 2014 505 Employees 88% Alaska Residents Year End 2015 515 Employees 89% Alaska Residents Today

Strong Safety Performance Total Man Hours 2016 YTD 2015 2014 Total Recordable 2013 Injury Rate (TRIR) @ .95 2012 BELOW NaFonal & AK Average 0 500000 1000000 1500000 2000000 2500000 3000000 3500000

Alaska Investments $500 $450 $400 $350 $300 Millions $250 $ in $200 $150 $100 $50 $0 2012 2013 2014 2015 2016p # OF WELLS 9 10 23 14 15 DRILLED

Gas Production 300,000 Market 250,000 200,000 MCF/ DAY 150,000 100,000 50,000 - 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016

Oil Production 12/31/16 70,000 55,000 BOPD 60,000 50,000 BOPD 40,000 30,000 Current 1/1/12 51,000 BOPD 20,000 6,950 BOPD 10,000 -

Cook Inlet - Offshore MacArthur River Field Redevelopment Program Currently drilling a 5 well program spanning into 2017 PotenFal for follow up Granite Point Field Launching 5 Year drilling program in early 2017 Middle Ground Shoal Field Shot 3D seismic in 2015 Development drilling opportuniFes King Salmon Pla_orm – Kuukpik 5 Rig Baker and Dillon reacFvaFon?

Cook Inlet - Onshore Drilling to meet Gas Demands 45 Drill Wells since 2012 Completed ~50 miles of new 2D seismic to support future exploraFon Compressor Upgrade and OpFmizaFon at Kenai Gas Field Drilling for Gas on the Kalotsa Pad – Ninilchik (Nov. 2016) Swanson River producing ~2750 BOEPD – Gas well in Spring of 2017

North Slope

North Slope – Moose Pad 275 ConstrucKon Jobs Long-Term OperaKons posiKons

Innovation Rig

Liberty

Northstar Island Turns 15 First ProducFon October 2001 Peak Rate 78,695 BOPD in 2004 Today ~6,800 BOPD CumulaFve ProducFon: ~169 MMBO $2.2 Billion Benefit to the State