FOURTH-QUARTER 2016 KEY METRICS Reported Production 490 Mboe/d Adjusted Production(1) 421 Mboe/d Oil and Gas Capital Investment(2) 537 Million Net Cash From Operating Activities 796 Million Adjusted EBITDAX(2) 878 Million…
PRODUCTION AND REVENUES BY PRODUCT 4Q 2016 Reported Production Oil and Gas Revenue 490 MBOE/D 1.46 Billion 53% Oil Production 77% Oil Revenue Oil Natural Gas NGLs Note: Reported volumes include noncontrolling interest…
ADJUSTED PRODUCTION RECONCILIATION 4Q 2016 Mboe/d 600 500 490 24 45 421 400 300 200 100 0 4Q 2016 Egypt Tax Barrels Noncontrolling interest (1) 4Q 2016 Reported Production Adjusted Production North American…
4Q 2016 OPERATING CASH MARGINS Egypt Egypt North NorthSea Sea Permian Permian Other OtherNA NA 45.00 40.00 42 / Boe 35.00 37 / Boe 30.00 31 31 / Boe Per Boe 25.00 28 20 20.00 Per Boe 22 / Boe Per Boe 15.00 12…
4Q 2016 NET DEBT RECONCILIATION ( in millions) 9,000 454 12 95 8,000 7,492 7,167 667 7,000 152 60 7 6,000 5,000 4,000 3,000 2,000 1,000 0 Net Debt (1) E&P and GTP Leasehold & Dividends Cash Flow (2)…
OIL AND GAS CAPITAL INVESTMENT 4Q16 (1) YTD 2016 (1) (In millions) E&P and GTP Investment: Permian…
PERMIAN: 4Q 2016 REGION SUMMARY Midland Basin PERMIAN KEY STATS FOURTH-QUARTER 2016 Reported Production: 149,302 Boe/d Currently running five primary rig lines and two frac crews. Drilled & Completed Wells*: 17 gross, 16 net…
MIDLAND BASIN WELL PERFORMANCE Recent Wells Outperforming Peer Type Curves Wolfcamp(1) Lower Spraberry(1) Mboe Mboe 200 200 APA (3 Wells) Peer A Type Curve 990 Mboe EUR Peer B Type Curve 1,000 Mboe EUR 150 150 100 100 50…
4Q 2016 NORTH AMERICAN ONSHORE WELL RECAP Average Avg 30-Day IP / 60-Day Well Name Formation Area County Lateral % Oil 30-Day IP 1,000 Lateral Ft Cum-Oil, MBO DELAWARE BASIN Blue Jay Unit 101H 3rd Bone Spring Pecos Bend Loving 3,703…
NORTH SEA: 4Q 2016 SUMMARY Forties Field NORTH SEA KEY STATS FOURTH-QUARTER 2016 Completed field-wide 3D seismic survey for use in 4D applications to Reported Production: 69,830 Boe/d high grade drilling locations and build…
EGYPT: 4Q 2016 SUMMARY Production Results EGYPT KEY STATS FOURTH-QUARTER 2016 Gross production of 345 Mboe/d was down slightly from 3Q16. Reported Production: 159,971 Boe/d Drilled & Completed Wells*: 10 gross, 9 net Adjusted…
EGYPT: PRODUCTION DETAIL 3Q 2016 4Q 2016 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 212,608 826,548 350,366 207,541 821,993 344,540 Net Production 111,933 405,863 179,575 100,531 356,637…
2017 CAPITAL PRIORITIES Permian Focused Investment Highlights 5+ rig program in Midland Basin Increase activity with incremental cash flows 4 to 6 rig program at Alpine High Midland/Delaware Continue Alpine High delineation;…
APACHE 2017 CAPITAL BUDGET 3.1 Billion Other North America 8% 63% of total 2017 oil and gas capital investment allocated to Delaware+ Permian Basin International Midland Basins 29% 44% Alpine High CBP & Midstream Other…
APACHE PRODUCTION OUTLOOK Mboe/d 1H17 Production Impacts: 2H17 Growth Drivers: North Sea turnaround Pipeline connection at Alpine High Canada gas-plant maintenance Callater start-up 537 Decline resulting from Increasing pad…
INTERNATIONAL PRODUCTION OUTLOOK Mboe/d Relatively Flat Production Profile 160 164 158 141 154 146 136 4Q16A 1Q17E 2Q17E 3Q17E 4Q17E 1Q18E 2Q18E 3Q18E 4Q18E 23
NORTH AMERICA PRODUCTION OUTLOOK Mboe/d 379 339 291 261 243 271 236 4Q16A 1Q17E 2Q17E 3Q17E 4Q17E 1Q18E 2Q18E 3Q18E 4Q18E 24
APACHE PRODUCTION BY REGION Midland/Delaware to Drive Apache Growth 4Q16 4Q18 Delaware+Midland Basins International International 21% 38% 55% Midland & 36% CBP & Delaware Permian Other Permian Permian 15% Other North…
OTHER 2017 GUIDANCE 28
APACHE 2017 GUIDANCE Production & Capital 2017 Daily Production (MBOE/D) Guidance Range Reported Production North America.................................................................................. 252 - 263…
APACHE 2017 GUIDANCE Other Income Statement Items 2017 Other Income Statement Items Guidance Range Operating Costs Lease Operating Expenses ( per BOE)......................................... 8.50 - 9.00 Gathering and Transportation (…
2016 PEER OUTSPEND in millions 102 (280) (280) (537) (483) (575) (824) Average peer outspend of 1bn (1,809) (1,944) (2,790) Peer A Peer B Peer C Peer D Peer E Peer F Peer G Peer H Peer I APA Source: Company…
DERIVATIVE AND HEDGING ACTIVITIES Open Commodity Derivative Positions as of February 22, 2017 Volume Instrument Index Period (Bbls/d) Strike Put Option WTI July - December 2017 92,000 50.00 Put Option Platts Dated Brent July -…
NON-GAAP RECONCILIATIONS 33
NON-GAAP RECONCILIATION Adjusted Earnings Reconciliation of income attributable to common stock to adjusted earnings Our earnings supplement of adjusted earnings and adjusted earnings per share are non-GAAP measures because they exclude…
NON-GAAP RECONCILIATION Adjusted EBITDAX Reconciliation of net cash provided by continuing operating activities 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…
NON-GAAP RECONCILIATION Oil and Gas Capital Investment Reconciliation of costs incurred and GTP capital investments to Oil and Gas Capital Investment Management believes the presentation of oil and gas capital investments is useful…
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