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Q1 2015 Results – Apache Corp

Apache Corp · May 7, 2015 · 23 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. Q1 2015 Results – Apache Corp – slide 1
  2. Q1 2015 Results – Apache Corp – slide 2
    2015 Pro Forma Production Guidance North American Onshore 358 302 - 400 2014 Reported Property Sales* 2014 Adjusted 2015 Guidance 56 *Represents volumes related to 2014 GOM Shelf, Canada, South Texas, South Louisiana and Anadarko…
  3. Q1 2015 Results – Apache Corp – slide 3
    2 International & GOM Region Production Guidance Egypt Gross Egypt Net ? ? North Sea ? GOM ? Egypt Egypt Egypt Australia N. Sea Australia N. Sea N. Sea GOM GOM GOM - 300 2014 Reported Adjustments* 2014 Adjusted 2015…
  4. Q1 2015 Results – Apache Corp – slide 4
    $10,476 $12,044 $6,844 $1,340 $703 $239 $94 $92 $900 $3,100 $2,100 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 Net Debt 12/31/14 E&P and GTP Capex Working Capital & Other LNG Capex Dividends Leasehold &…
  5. Q1 2015 Results – Apache Corp – slide 5
    APACHE WORLDWIDE OPERATIONS Note: Pro forma production rates and growth percentages in this report are adjusted to exclude volumes from divestitures, noncontrolling interest and tax barrels in Egypt. The number of wells reported as…
  6. Q1 2015 Results – Apache Corp – slide 6
    601 MBOE/D Total Production 1Q 2015 51% North American Onshore Production North American Onshore International & GOM
  7. Q1 2015 Results – Apache Corp – slide 7
    Note: Reported volumes are consistent with production included for purposes of GAAP financial reporting and therefore include noncontrolling interest and tax barrels in Egypt. 601 MBOE/D Total Production by Product 1Q 2015 75% Oil…
  8. Q1 2015 Results – Apache Corp – slide 8
    Adjusted Production Reconciliation 601 51 15 5 540 0 100 200 300 400 500 600 700 1Q 2015 Reported Noncontrolling Interest Egypt Tax Barrels Egypt Tax Barrel Offset Adjusted 1Q 2015 Mboe/d
  9. Q1 2015 Results – Apache Corp – slide 9
    Pro Forma North American Onshore Production 50 60 70 80 90 100 110 120 130 140 150 1Q 2014 1Q 2015 Oil Production Growth 150 170 190 210 230 250 270 290 310 1Q 2014 1Q 2015 Total Production Growth MBOE/D MBOE/D…
  10. Q1 2015 Results – Apache Corp – slide 10
    45% Oil Production 307 MBOE/D Total Production by Product 1Q 2015 Oil Natural Gas NGL
  11. Q1 2015 Results – Apache Corp – slide 11
    ? Apache averaged 15 operated drilling rigs during the first quarter, down from 42 rigs in the fourth quarter of 2014. ? During the quarter, 56 gross operated wells reached total depth, including 34 horizontals and 22 verticals. ? The…
  12. Q1 2015 Results – Apache Corp – slide 12
    Permian (Continued) BARNHART - WOLFCAMP SHALE ? Five wells were drilled during the quarter with most of the drilling centered on the Spike S Unit and Sugg 0807 Unit. ? Two notable wells, the Bennie 4342 H33M and Bennie 4342 H43M, were…
  13. Q1 2015 Results – Apache Corp – slide 13
    Permian (Continued) PERMIAN WELL HIGHLIGHTS First-Quarter 2015 PLAY/AREA TARGET WELL NAME COUNTY TVD LATERAL 30-Day IP (% Oil) Delaware Basin 3rd Bone Springs Condor 205H Loving 10,780’ 3,349’ 1,778 Boe/d (67%) 3rd Bone Springs…
  14. Q1 2015 Results – Apache Corp – slide 14
    APACHE CENTRAL REGION ACREAGE AND KEY PLAYS
  15. Q1 2015 Results – Apache Corp – slide 15
    Central (Continued) CANYON LIME ? Apache continued to advance the Canyon Lime play in the Texas Panhandle commencing production at its first multi-well pad. ? Flow back of this first multi-well pad, the Bivins East 93H began in late…
  16. Q1 2015 Results – Apache Corp – slide 16
    Eagle Ford Acreage
  17. Q1 2015 Results – Apache Corp – slide 17
    EAGLE FORD (CONTINUED) ? Apache began flowing back three McCullough-Wineman Eagle Ford wells and one Austin Chalk well in the Ferguson Crossing area. The three Eagle Ford wells are 670 foot downspacing tests and produced an average 30-…
  18. Q1 2015 Results – Apache Corp – slide 18
    Montney Duvernay Kaybob Wapiti Canada
  19. Q1 2015 Results – Apache Corp – slide 19
    NORTH SEA KEY STATS First-Quarter 2015 ? 1Q Production: 70,993 Boe/d ? 1Q Operated Wells: 1 gross, 1 net ? 1Q Rigs: Avg 7 rigs INTERNATIONAL North Sea ? First-quarter 2015 production in the North Sea was 71.0 MBoe/d, up 5 percent…
  20. Q1 2015 Results – Apache Corp – slide 20
    egypt north africa acreage
  21. Q1 2015 Results – Apache Corp – slide 21
    EGYPT WELL HIGHLIGHTS First-Quarter 2015 BASIN WELL NAME PLAY / TARGET IP (30-Day) (% Oil) Faghur Berenice-02 AEB-3E 3,167 Boe/d (97%) Faghur Berenice-03 AEB-3E 2,756 Boe/d (99%) Faghur Siwa-3-R5 Safa 2,350 Boe/d (100%) Abu Gharadig…
  22. Q1 2015 Results – Apache Corp – slide 22
    Egypt (Continued) *Average benchmark Brent price was $69.64 in 1Q 2015 and $76.77 in the 4Q 2014. EGYPT PRODUCTION DETAIL 1Q 2015* 4Q 2014* Liquids (Bbls/d) Gas (Mcf/d) Boe/d Liquids (Bbls/d) Gas (Mcf/d) Boe/d Gross Production…
  23. Q1 2015 Results – Apache Corp – slide 23
    APACHE AUSTRALIA REGION ACREAGE AND KEY PROJECTS

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