Skip to main content Q3 2015 Results – Apache Corp Investor Presentation | Shale Experts
Loading...
Pm

Q3 2015 Results – Apache Corp

Apache Corp · Nov 5, 2015 · 21 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. Q3 2015 Results – Apache Corp – slide 1
  2. Q3 2015 Results – Apache Corp – slide 2
    2015 Pro Forma Production Guidance North American Onshore International & GOM Region Production Guidance (YOY) Permian ? Midcontinent/ Gulf Coast ? Canada ? Region Production Guidance (YOY) Egypt Gross Egypt Net ? ? North…
  3. Q3 2015 Results – Apache Corp – slide 3
    Third-Quarter 2015 Net Debt Reconciliation Note: Apache?s sale of foreign assets and the repatriation of proceeds triggered U.S. income taxes payable of $560 million to be paid in the fourth quarter of 2015. Accordingly, net debt of…
  4. Q3 2015 Results – Apache Corp – slide 4
    Oil and Gas Capital Investment (1) Third quarter and YTD 2015 adjustments to total Costs Incurred and GTP Capital Investments: o Includes capitalized G&A expense of $56 million and $233 million, respectively. o Excludes capitalized…
  5. Q3 2015 Results – Apache Corp – slide 5
    5 APACHE WORLDWIDE OPERATIONS Operational Summary Pro forma total production volumes averaged 486 Mboe/d, an increase of 7 percent from third-quarter 2014. Pro forma oil production of 250 Mboe/d grew 6 percent from third-quarter…
  6. Q3 2015 Results – Apache Corp – slide 6
    542 MBOE/D Reported Volumes by Product 3Q 2015 $1.6 Billion Reported Revenues 3Q 2015 Note: Reported volumes are consistent with production included for purposes of GAAP financial reporting and include noncontrolling interest and tax…
  7. Q3 2015 Results – Apache Corp – slide 7
    Pro Forma Production Reconciliation 542 52 7 3 486 0 100 200 300 400 500 600 3Q 2015 Reported Egypt Noncontrolling Interest Egypt Tax Barrels Egypt Tax Barrel Offset 3Q 2015 Adjusted Production Mboe/d
  8. Q3 2015 Results – Apache Corp – slide 8
    8 51% Oil Production Pro Forma Production 486 MBOE/D Total Volumes by Product 3Q 2015 Note: Pro forma production excludes production associated with asset sales and excludes noncontrolling interest and tax barrels in Egypt. Oil…
  9. Q3 2015 Results – Apache Corp – slide 9
    NORTH AMERICA Permian ? Third-quarter 2015 production averaged 170 MBoe/d, consisting of 55 percent oil (93.0 Mbo/d). Gas plant outages and timing of well connections contributed to the production decline from the second quarter of…
  10. Q3 2015 Results – Apache Corp – slide 10
    Permian (Continued) DELAWARE BASIN ? Four 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. ? 17 wells were…
  11. Q3 2015 Results – Apache Corp – slide 11
    Permian (Continued) ? Powell-Miller (Northern Upton County) ? Three middle Wolfcamp horizontal wells began flowback during the quarter with an average 30-day production rate of 819 Boe/d. An additional middle Wolfcamp well, the CC…
  12. Q3 2015 Results – Apache Corp – slide 12
    Permian (Continued) *Indicates less than 30-day rate. PERMIAN WELL HIGHLIGHTS Third-Quarter 2015 PLAY/AREA TARGET WELL NAME COUNTY TVD LATERAL 30-Day IP (% Oil) Delaware Basin 3rd Bone Spring Condor 212H Loving 10,736? 2,550?…
  13. Q3 2015 Results – Apache Corp – slide 13
    13 MIDCONTINENT KEY STATS Third-Quarter 2015 ? 3Q Production: 56,535 Boe/d ? 3Q Operated Wells: 4 gross, 3 net ? 3Q Rigs: Avg 2 rigs Midcontinent ? Third-quarter 2015 production averaged 56,535 Boe/d, down 8 percent from the…
  14. Q3 2015 Results – Apache Corp – slide 14
    Eagle Ford ? Third-quarter 2015 production averaged 13,203 Boe/d, down 6 percent from the second quarter 2015 as a result of natural field declines and ongoing field trials that intentionally slowed completions on our undrilled…
  15. Q3 2015 Results – Apache Corp – slide 15
    Eagle Ford (Continued) EAGLE FORD WELL HIGHLIGHTS Third-Quarter 2015 PLAY/TARGET WELL NAME TVD Lateral Length IP (30-Day) (% Liquids) Eagle Ford (Area A) Lebon #1H 10,636? 6,338? 1,295 Boe/d (82%) Lebon #3H 10,637? 6,322? 1,250…
  16. Q3 2015 Results – Apache Corp – slide 16
    Canada ? Third-quarter 2015 production averaged 66,239 Boe/d, down 4 percent from the second quarter 2015. ? In September, Apache completed the final horizontal well on its seven-well Duvernay pad. These wells went online in October…
  17. Q3 2015 Results – Apache Corp – slide 17
    NORTH SEA KEY STATS Third-Quarter 2015 ? 3Q Production: 73,335 Boe/d ? 3Q Operated Wells: 4 gross, 4 net ? 3Q Rigs: Avg 6 rigs INTERNATIONAL North Sea ? Third quarter 2015 production averaged 73,335 Boe/d, up 6 percent from the…
  18. Q3 2015 Results – Apache Corp – slide 18
    North Sea (Continued) NORTH SEA WELL HIGHLIGHTS Third-Quarter 2015 PLAY/TARGET WELL NAME IP (30-Day) Forties T271 FC1-2 3,988 Bo/d Forties T283 FC1-6 2,969 Bo/d Forties T241 FSS08 1,532 Bo/d Forties T243 FSS02 1,037 Bo/d Beryl BLA…
  19. Q3 2015 Results – Apache Corp – slide 19
    19 EGYPT KEY STATS* Third-Quarter 2015 ? 3Q Gross Production: 362,073 Boe/d Liquids: 216,503 Bo/d Gas: 873,418 Mcf/d ? 3Q Operated Wells: 15 gross, 15 net ? 3Q Rigs: Avg 10 rigs Egypt ? Third-quarter gross production averaged 362…
  20. Q3 2015 Results – Apache Corp – slide 20
    Egypt (Continued) ? Faghur Basin ? During the quarter, peak production of 26,296 Bo/d was recorded from the Berenice and Ptah areas. ? The Berenice-05ST well was completed during the quarter with an average 30-day production rate of…
  21. Q3 2015 Results – Apache Corp – slide 21
    Egypt (Continued) *Average benchmark Brent price was $51.20 in 3Q 2015 and $63.39 in 2Q 2015. EGYPT PRODUCTION DETAIL 3Q 2015* 2Q 2015* Liquids (Bbls/d) Gas (Mcf/d) Boe/d Liquids (Bbls/d) Gas (Mcf/d) Boe/d Gross Production…

From the store

Browse maps, data & reports in the Shale Experts store