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Acquisition of Apache Argentina – YPF S.A.

YPF S.A. · Feb 13, 2014 · 12 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. Acquisition of Apache Argentina – YPF S.A. – slide 1
    Acquisition of Apache Argentina February 13, 2014
  2. Acquisition of Apache Argentina – YPF S.A. – slide 2
    Disclaimer Safe harbor statement under the US Private Securities Litigation Reform Act of 1995. This document contains statements that YPF believes constitute forward-looking statements within the meaning of the US Private Securities…
  3. Acquisition of Apache Argentina – YPF S.A. – slide 3
    Transaction Overview Acquisition of 100% of Apache operations in Argentina and subsequent sale of some Vaca Muerta acreage to Pluspetrol Net value of transaction 583 MUSD YPF will pay 800 MUSD for all assets plus working capital…
  4. Acquisition of Apache Argentina – YPF S.A. – slide 4
    Strategic Rationale Consistent with YPFs plan to grow production supply of hydrocarbons in Argentina Transforms YPF into the largest producer of natural gas in Argentina Cash generating assets with existing production and…
  5. Acquisition of Apache Argentina – YPF S.A. – slide 5
    Apache Argentina Assets Operates in 2 prolific basins 46,800 Boe/d production(1) Argentina 10,400 Bbl/d of crude 5.5 Mm3/d of natural gas 1.860 Bbl/d of NGL Buenos Aires 135 MBoe proven reserves(2) Neuquen Significant…
  6. Acquisition of Apache Argentina – YPF S.A. – slide 6
    Apache Argentina Assets - Neuquina Basin 28 concessions (23 operated & 5 non-operated) 750+ producing wells Production (1) 7,600 Bbl/d of crude 3.7 Mm3/d of natural gas 1,480 Bbl/d of NGL 1 drilling rig and 1 workover rig 2…
  7. Acquisition of Apache Argentina – YPF S.A. – slide 7
    Apache Argentina Assets - Tierra del Fuego 7 concessions 180+ producing wells Production (1) 2,800 Bbl/d of crude 1.8 Mm3/d of natural gas 380 Bbl/d of NGL 1 LPG and 3 gas treatment plants Maintain gas production in San…
  8. Acquisition of Apache Argentina – YPF S.A. – slide 8
    Apache Argentina Assets - Vaca Muerta 10 concessions 8 exploratory wells 480,000 prospective acres 300,000 shale gas potential 180,000 shale oil potential Farmed out to Pluspetrol 307,000 net acres(1) Focus on implementing…
  9. Acquisition of Apache Argentina – YPF S.A. – slide 9
    Key Metrics Apache YPF % increase Argentina Revenues (MARS) (1) 83,681 2,789 3.3% EBITDA (MARS) (1) 23,859 1,060 4.4% Reserves (MBoe) (2) 979 135 13.8% Production (Kboe/d) (3) 496.5 46.8 9.4% Crude (Kbbl/d) (3) 235.1 10.4 4.4%…
  10. Acquisition of Apache Argentina – YPF S.A. – slide 10
    Transaction Value Asset Value (in millions of USD) Acquisition cost 800 VM divestiture (1) -217 Asset value 583 Asset value ex-Vaca Muerta (2) 425 Value Metrics Assets value Asset value ex-Vaca Muerta Value / P1 (USD/Boe) 4.3…
  11. Acquisition of Apache Argentina – YPF S.A. – slide 11
    Summary Excellent opportunity to acquire an ongoing operation with significant upside in conventional reserve development and unconventional resource exploration Increased natural gas production by 15% Access to Medanito quality oil…
  12. Acquisition of Apache Argentina – YPF S.A. – slide 12
    Acquisition of Apache Argentina February 13, 2014

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