11.03.2016 THIRD-QUARTER 2016 FINANCIAL AND OPERATIONAL SUPPLEMENT
TABLE OF CONTENTS Third-Quarter 2016 Financial and Operational Results 4 Third-Quarter 2016 Regional Summary.. 11 2016 Production Guidance and Capital Program. 24 Non-GAAP Reconciliations... 27 3
THIRD-QUARTER 2016 FINANCIAL AND OPERATIONAL RESULTS 4
THIRD-QUARTER 2016 KEY METRICS Earnings Per Share (1.60) NM Adjusted Earnings Per Share(1) (0.03) NM Net Cash From Operating Activities 651 Million 13% From 2Q16 Adjusted EBITDAX(1) 896 Million 14% Adjusted Production(2) 438…
PRODUCTION AND REVENUES BY PRODUCT 3Q 2016 Reported Production Oil and Gas Revenue 520 MBOE/D 1.4 Billion 52% Oil Production 78% Oil Revenue Oil Natural Gas NGLs Note: Reported volumes include noncontrolling interest…
ADJUSTED PRODUCTION RECONCILIATION 3Q 2016 Mboe/d 600 520 33 49 500 438 400 300 200 100 0 3Q 2016 Egypt Tax Barrels Noncontrolling interest (1) 3Q 2016 Reported Production Adjusted Production North American…
3Q 2016 OPERATING CASH MARGINS EgyptEgypt North Sea(1) North Sea Permian Permian Other NANA Other 40.00 41 / Boe 35.00 35 / Boe 30.00 25.00 26 27 / Boe 20.00 28 Per Boe Per Boe 17 19 / Boe 15.00 15 / Boe Per…
3Q 2016 NET DEBT RECONCILIATION ( in millions) 10,000 9,000 389 51 95 115 620 8,000 31 7,519 26 7,492 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Net Debt E&P and GTP Leasehold & Dividends Other Cash Flow…
OIL AND GAS CAPITAL INVESTMENT 3Q16 (1) YTD 2016 (1) ( in millions) E&P and GTP Investment: Permian ........................................................................................ 200 471 MidCon / Gulf Coast…
PERMIAN: 3Q 2016 REGION SUMMARY Delaware Basin / Alpine High PERMIAN KEY STATS THIRD-QUARTER 2016 Reported Production: 159,232 Boe/d Currently running four rigs at Alpine High; increased leasehold position to Drilled & Completed…
ALPINE HIGH PRODUCTION CURVES 100,000 10,000 Gas Rate, Mcf/d 1,000 100 Ortler sand plug remediation 10 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 Normalized Time from First Gas, Days Black Hawk 1H…
ALPINE HIGH AND NORTH AMERICAN PLAYS P-50 Production Curves 100000 100,000 P-50 Curves for the following plays: 2,782 Marcellus wells (2014-2016) 1,367 Utica wells (2014-2016) 10000 871 Scoop wells (2014-2016) Gas Rate, MCF/D…
ALPINE HIGH WATER PRODUCTION RATES Barnett and Woodford Wells Water, bbls/d 7,000 6,000 Declining water rates 5,000 result in lower opex and increased recoveries 4,000 3,000 2,000 1,000 0 0 20 40 60 80 100 120 140 160…
BONE SPRINGS OIL PRODUCER Alpine High Mont Blanc 2H 10,000 Stable GOR Oil, BOPD Gas, Mcf/D Water, BWPD GOR, scf/stb 1,000 ESP 580 MCFD Gas Lift Install 275 BWPD 220 BOPD 43 API 100 10 0 20 40 60 80 100…
APACHE CORE MIDLAND BASIN WOLFCAMP Strong Well Performance Cumulative Production: APA vs. Peer Type Curves Mboe 200 APA Improved Targeting & New Completion APA Improved 150 Targeting 100 50 APA Improved Targeting &…
3Q 2016 NORTH AMERICAN ONSHORE WELL RECAP Average Avg 30-Day IP / Well Name Formation Area County Lateral % Oil 30-Day IP 1,000 Lateral Ft APLINE HIGH Black Hawk State 1H Woodford Alpine High Reeves 5,234 1,175 Boe/d 224 13% Redwood…
NORTH SEA: 3Q 2016 SUMMARY Forties Field NORTH SEA KEY STATS THIRD-QUARTER 2016 Planned maintenance turnarounds and third-party operated facilities Reported Production: 62,475 Boe/d restrictions impacted production during the…
EGYPT: 3Q 2016 SUMMARY Production Results EGYPT KEY STATS THIRD-QUARTER 2016 Gross production of 350 Mboe/d was up slightly from 2Q Reported Production: 179,575 Boe/d Drilled & Completed Wells*: 9 gross, 9 net Adjusted production…
INTERNATIONAL 3Q 2016 DRILLING RECAP North Sea Well Highlights Program Success Rate 30-Day Well Name Field Average IP C65 Forties 937 Boe/d(1) 100% NNA Nevis North 20 MMcfe/d Egypt Well Highlights Program Success Rate…
EGYPT: PRODUCTION DETAIL 2Q 2016 3Q 2016 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 213,975 814,283 349,689 212,608 826,548 350,366 Net Production 107,173 408,013 175,175 111,933 405,863…
2016 PRODUCTION GUIDANCE AND CAPITAL PROGRAM 24
2016 PRODUCTION GUIDANCE North American Onshore International and Offshore 400 400 43% 41% Oil Oil 41% 350 350 Oil 309 300 69% 67% 300 268 278 Oil Oil 250 250 -13% to -10% MBOE/D 200 170 - 180 2% 176 200 150 -3% to…
APACHE 2016 REGIONAL CAPITAL MIX Initial 2016 Capital Guidance Updated Capital Guidance(1) Other Other 7% 29% Canada & 4% Midcon/GulfCoast 10% Canada & Permian Midcon/Gulfcoast Permian 11% 24% 22% North Sea 50% Alpine…
NON-GAAP RECONCILIATIONS 27
NON-GAAP RECONCILIATION Adjusted Earnings Reconciliation of income attributable to common stock to adjusted earnings Our presentation of adjusted earnings and adjusted earnings per share are non-GAAP measures because they exclude the…
NON-GAAP RECONCILIATION Adjusted EBITDAX Reconciliation of net cash provided by continuing operatingactivities to adjusted EBITDAX Management believes EBITDAX, or earnings before income tax expense, interest expense, depreciation,…
NON-GAAP RECONCILIATION Cash Flow From Operations Before Changes in Operating Assets and Liabilities Reconciliation of net cash provided by operating activities to cash flows from continuing operations before changes in operating…
NON-GAAP RECONCILIATION Net Debt Reconciliation of debt to net debt Net debt, or outstanding debt obligations less cash and cash equivalents, is a non-GAAP financial measure. Management uses net debt as a measure of the Company's…
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