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January 2017 Investor Presentation – Apache Corp

Apache Corp · Jan 9, 2017 · 25 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. January 2017 Investor Presentation – Apache Corp – slide 1
    JANUARY INVESTOR PRESENTATION
  2. January 2017 Investor Presentation – Apache Corp – slide 2
    WHY OWN APACHE Large-Cap with strategically diversified portfolio Permian Basin focused growth Strong international assets generating free cash flow Focused on fundamental financial performance Long-term corporate-level returns…
  3. January 2017 Investor Presentation – Apache Corp – slide 3
    BALANCED PORTFOLIO Free Cash Flow Generators Fund Growth Engine North America Onshore International & Offshore Conventional Canada Anadarko Woodford UK North Sea Montney & SCOOP Duvernay Eagle Ford S. LA Minerals GoM…
  4. January 2017 Investor Presentation – Apache Corp – slide 4
    CAPITAL ALLOCATION 2016E Capital Guidance(1) 2017 Capital Priorities Alpine 4-6 rig program in 2017 Other 4% High Trunkline + GTP facilities Canada & Midcon/GulfCoast 10% Permian 22% 5 rigs currently running Midland/…
  5. January 2017 Investor Presentation – Apache Corp – slide 5
    PERMIAN BASIN: APACHES GROWTH ENGINE Central Basin Platform / NW Shelf 739,000 net acres Overview 3Q16 production = 69 Mboe/d 42 Waterfloods / 7 C02 fields Significant cash flow generation Highlights Fully leverage EOR opportunities…
  6. January 2017 Investor Presentation – Apache Corp – slide 6
    INCREASING MIDLAND BASIN ACTIVITY Strong Recent Well Results Recent Midland Basin Well Results Apache Midland Basin Activity 24-Hour IP Rates Lateral Gross Length Oil Gas Well Name Zone (miles) (bbl/d) (Mcf/d) CC 4045 West A 1HM…
  7. January 2017 Investor Presentation – Apache Corp – slide 7
    ALPINE HIGH DEVELOPMENT OVERVIEW Key Highlights 2017 Appraisal Program Objectives Geographic Testing 320,000 net acres Delineate geologic subsettings Define pressure settings 4 rigs currently running Complete 3D processing…
  8. January 2017 Investor Presentation – Apache Corp – slide 8
    ALPINE HIGH INFRASTRUCTURE UPDATE On Schedule for First Gas Production Mid-2017 Construction commenced on trunkline Central processing facilities under construction at four sites Central tank batteries nearing completion at…
  9. January 2017 Investor Presentation – Apache Corp – slide 9
    INTERNATIONAL OPERATIONS UPDATE Egypt Recently awarded two new concessions, first in 10+ years Shooting high-fold 3D on legacy acreage, expanding inventory North Sea Forties: begin drilling newly mapped 4D locations Beryl:…
  10. January 2017 Investor Presentation – Apache Corp – slide 10
    APPENDIX
  11. January 2017 Investor Presentation – Apache Corp – slide 11
    ALPINE HIGH KEY HIGHLIGHTS World Class Resource Play Methodically accumulated over the last 18 months, 20% of Reeves Co. 320,000 Apache controls 356,000 gross acres, the vast majority of the play Contiguous Net Acres 1,300/net acre…
  12. January 2017 Investor Presentation – Apache Corp – slide 12
    ALPINE HIGH INITIAL WELL RESULTS Redwood 1P (DST) Redwood 1H Blackhawk 1H Wolfcamp Woodford Woodford IP gas: 4,500 Mcf/d IP gas: 18,000 Mcf/d IP gas: 5,344 Mcf/d IP oil: 700 bbl/d IP oil: -- bbl/d IP oil: 224 bbl/d 45 API / 1300 BTU…
  13. January 2017 Investor Presentation – Apache Corp – slide 13
    ALPINE HIGH PRODUCTION CURVES 100,000 10,000 Gas Rate, Mcf/d 1,000 100 Ortler sand plug remediation 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…
  14. January 2017 Investor Presentation – Apache Corp – slide 14
    LARGE SCALE, HIGH RETURN POTENTIAL Woodford and Barnett Economics (4,100 laterals) Single Well (Short Lateral) Assumptions Low - High D,C&E Costs ( MM) To Date Expected in Development 5.5 4.0 - - 8.0 6.0 2,000-3,000+…
  15. January 2017 Investor Presentation – Apache Corp – slide 15
    APACHES DIFFERENTIATED VIEW Southern Delaware Basin Historical Drilling Activity Key Alpine High Technical Parameters Perception Reality Structural Uplifted & Relatively Stable History Complex Paleo High Thermal Dry Gas Wet Gas…
  16. January 2017 Investor Presentation – Apache Corp – slide 16
    PALEOGEOGRAPHIC RECONSTRUCTION Woodford Time Same geologic age as Arkoma Woodford and SCOOP / STACK Similar depositional environment 17
  17. January 2017 Investor Presentation – Apache Corp – slide 17
    GEOLOGY OF THE SOUTHERN DELAWARE BASIN IMMATURE South West Alpine High North East Evaporites 5,000 OIL Bone Springs / Wolfcamp 10,000 Penn / Barnett / Woodford Bone Springs / Wolfcamp WET GAS 15,000 20,000 Alpine…
  18. January 2017 Investor Presentation – Apache Corp – slide 18
    EXTENSIVE LATERAL CONTINUITY IDEAL FOR A RESOURCE PLAY Well Logs Across Alpine High Source Interval Transgressive Interval 65 Miles Regional reservoir consistency and continuity Barnett Formation Mississippian Lime…
  19. January 2017 Investor Presentation – Apache Corp – slide 19
    4,000-5,000 OF STACKED POTENTIAL PAY MONT BLANC 1H SPANISH TRAIL 1H 20 Miles Delaware Basin Stratigraphy TRANSGRESSIVE PARASEQUENCES TRANSGRESSIVE PARASEQUENCES Oil Oil Brushy Canyon Penn Wet Gas…
  20. January 2017 Investor Presentation – Apache Corp – slide 20
    FAVORABLE COMPARATIVE PARAMETERS Alpine High vs. Established Resource Plays Alpine High SCOOP Marcellus Eagle Ford Parameter (Woodford/Barnett) (Woodford) (Wet Gas) (Condensate) TOC (weight %) 4%-10% 4%-10% 1%-5% 1%-7% Primary…
  21. January 2017 Investor Presentation – Apache Corp – slide 21
    ALPINE HIGH WATER PRODUCTION RATES 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 80 100 120 140 160 180 Normalized Producing…
  22. January 2017 Investor Presentation – Apache Corp – slide 22
    ALPINE HIGH OIL SAMPLES Confirms Thermal Maturity Model 23
  23. January 2017 Investor Presentation – Apache Corp – slide 23
    ALPINE HIGH: WOODFORD/BARNETT HIGH QUALITY OIL Oil Chromatogram Mole Fraction % 18% 92% refined gasoline / diesel 16% 58% gasoline 14% 20% jet fuel and kerosene 12% 14% diesel 8% vacuum gasoline oil 10% 8% 6% 4% 2%…
  24. January 2017 Investor Presentation – Apache Corp – slide 24
    APACHE: OFFSHORE SURINAME POSITION Drilling exploration prospect on Block 53 in 1H17 Recently completed seismic shoot across Block 58; currently processing 25
  25. January 2017 Investor Presentation – Apache Corp – slide 25
    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…

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