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Apache Q2 2015 Results – Apache Corp

Apache Corp · Aug 6, 2015 · 22 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. Apache Q2 2015 Results – Apache Corp – slide 1
  2. Apache Q2 2015 Results – Apache Corp – slide 2
    2015 Pro Forma Production Guidance International & GOM Region Production Guidance Egypt Gross Egypt Net = ? North Sea = GOM ? North American Onshore Region Production Guidance Permian ? Gulf Coast ? Midcontinent ? Canada ?…
  3. Apache Q2 2015 Results – Apache Corp – slide 3
    SECOND QUARTER 2015 QUARTERLY SUPPLEMENT Second-Quarter 2015 Net Debt Reconciliation Note: Apache?s sale of foreign assets and the repatriation of proceeds triggered a U.S. income taxes payable of $560 million to be paid in the second…
  4. Apache Q2 2015 Results – Apache Corp – slide 4
    Oil and Gas Capital Investment (1) Second quarter and YTD 2015 adjustments to total Costs Incurred and GTP Capital Investments: o Includes capitalized G&A expense of $97 million and $177 million, respectively. o Excludes capitalized…
  5. Apache Q2 2015 Results – Apache Corp – slide 5
    5 APACHE WORLDWIDE OPERATIONS Operational Summary North American onshore pro forma volumes averaged 316 Mboe/d, an increase of 8 percent from second-quarter 2014. 2015 North American onshore oil production of 138 Mboe/d grew 7…
  6. Apache Q2 2015 Results – Apache Corp – slide 6
    564 MBOE/D Reported Volumes by Product 2Q 2015 $2.0 Billion Reported Revenues 2Q 2015 82% Oil Revenue WTI Brent Natural Gas NGLs 54% Oil Production 564 MBOE/D Reported Production 2Q 2015 56% North American Onshore Production…
  7. Apache Q2 2015 Results – Apache Corp – slide 7
    SECOND QUARTER 2015 QUARTERLY SUPPLEMENT Adjusted Production Reconciliation 599 564 35 56 28 9 489 0 100 200 300 400 500 600 700 2Q 2015 Reported + Discontinued Operations Discontinued Operations (Australia) 2Q…
  8. Apache Q2 2015 Results – Apache Corp – slide 8
    8 Pro Forma North American Onshore Production 44% Oil Production Oil Natural Gas NGL 316 MBOE/D Total Volumes by Product 2Q 2015 Note: Pro forma production excludes production associated with asset sales. 90 100 110 120 130…
  9. Apache Q2 2015 Results – Apache Corp – slide 9
    NORTH AMERICA Permian ? Second-quarter 2015 production averaged 172.1 MBoe/d, consisting of 57 percent oil (97.8 Mbo/d). Strong well performance from new wells and recovery from first-quarter winter downtime drove a 9 percent…
  10. Apache Q2 2015 Results – Apache Corp – slide 10
    Permian (Continued) DELAWARE BASIN ? Five rigs were drilling in the Delaware Basin during the quarter, with activity focused primarily in the Pecos Bend and Waha areas targeting the Bone Spring and Wolfcamp formations. ? 13 wells were…
  11. Apache Q2 2015 Results – Apache Corp – slide 11
    Permian (Continued) ? Scottish Rites Hospital (SRH) ? Two notable wells were completed in the upper Wolfcamp, the SRH N 1437HU and SRH N 1426HU in northern Reagan County, and produced average 30-day IP rates of 1,030 Boe/d and 1,048…
  12. Apache Q2 2015 Results – Apache Corp – slide 12
    Permian (Continued) ? In the Cedar Lake horizontal area, the Raven #10H and NFE #26H wells were brought on production and produced peak rates of 539 Boe/d and 623 Boe/d, respectively. Early production rates exceeded expectations and…
  13. Apache Q2 2015 Results – Apache Corp – slide 13
    MIDCONTINENT KEY STATS Second-Quarter 2015 ? 2Q Production: 61,688 Boe/d ? 2Q Operated Wells: 6 gross, 5 net ? 2Q Rigs: Avg 4 rigs Midcontinent (formerly Central) ? Second-quarter 2015 production averaged 61,688 Boe/d, down 7…
  14. Apache Q2 2015 Results – Apache Corp – slide 14
    Midcontinent (formerly Central) (Continued) CANYON LIME ? Apache continued to advance the Canyon Lime play in the Texas Panhandle completing new wells with substantial completion cost reductions relative to 2014. ? The Masterson 87…
  15. Apache Q2 2015 Results – Apache Corp – slide 15
    Gulf Coast (Eagle Ford) ? Second-quarter 2015 production averaged 13,973 Boe/d, up 20 percent sequentially due to strong performance of new wells brought online. ? Apache made significant progress on improving completion techniques…
  16. Apache Q2 2015 Results – Apache Corp – slide 16
    Gulf Coast (Eagle Ford) (Continued) EAGLE FORD WELL HIGHLIGHTS Second-Quarter 2015 PLAY/TARGET WELL NAME TVD Lateral Length IP (30-Day) (% Liquids) Eagle Ford (Area A) Rae 3H 11,033? 5,527? 1,587 Boe/d (80%) Rae 4H 11,181? 5,494?…
  17. Apache Q2 2015 Results – Apache Corp – slide 17
    Canada ? Second-quarter 2015 production averaged 68,778 Boe/d, down 3 percent from the first quarter 2015. ? Completion operations began on the final horizontal well from the Duvernay seven-well pad, from which production is expected…
  18. Apache Q2 2015 Results – Apache Corp – slide 18
    NORTH SEA KEY STATS Second-Quarter 2015 ? 2Q Production: 69,094 Boe/d ? 2Q Operated Wells: 8 gross, 7 net ? 2Q Rigs: Avg 7 rigs INTERNATIONAL North Sea ? Second quarter 2015 production in the North Sea was 69,094 Boe/d, down 3…
  19. Apache Q2 2015 Results – Apache Corp – slide 19
    North Sea (Continued) *Indicates less than 30-day rate. NORTH SEA WELL HIGHLIGHTS Second-Quarter 2015 PLAY/TARGET WELL NAME IP (30-Day) Forties FA1-1 2,770 Bo/d Forties FASP S12 770 Bo/d* Beryl B71 1,485 Boe/d* Nevis Subsea S67…
  20. Apache Q2 2015 Results – Apache Corp – slide 20
    EGYPT KEY STATS* Second-Quarter 2015 ? 2Q Gross Production: 349,398 Boe/d Liquids: 205,868 Bo/d Gas: 861,181 Mcf/d ? 2Q Operated Wells: 36 gross, 32 net ? 2Q Rigs: Avg 12 rigs Egypt ? Second-quarter gross production averaged 349…
  21. Apache Q2 2015 Results – Apache Corp – slide 21
    Egypt (Continued) ? Faghur Basin ? The Ptah-5X appraised the northeast flank of the Ptah field located within the Khalda Offset concession. The 5X encountered 50 feet of high-quality pay in the AEB 3D/3E and 107 feet in the Paleozoic…
  22. Apache Q2 2015 Results – Apache Corp – slide 22
    Egypt (Continued) *Average benchmark Brent price was $63.39 in 2Q 2015 and $55.37 in the 1Q 2015. EGYPT WELL HIGHLIGHTS Second-Quarter 2015 BASIN WELL NAME PLAY / TARGET IP (30-Day) (% Oil) Faghur WKAL-P-1X Safa 5,919 Boe/d (91%)…

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