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1Q 2017 Supplement – Apache Corp

Apache Corp · May 4, 2017 · 30 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. 1Q 2017 Supplement – Apache Corp – slide 1
    FINANCIAL AND OPERATIONAL SUPPLEMENT
  2. 1Q 2017 Supplement – Apache Corp – slide 2
    TABLE OF CONTENTS First-Quarter 2017 Financial and Operational Results.. 4 First-Quarter 2017 Regional Summary... 11 2017 Guidance Update........... 20 Non-GAAP Reconciliations... 26 3
  3. 1Q 2017 Supplement – Apache Corp – slide 3
    1Q17 FINANCIAL AND OPERATIONAL RESULTS 4
  4. 1Q 2017 Supplement – Apache Corp – slide 4
    FIRST-QUARTER 2017 KEY METRICS Reported Production 481 Mboe/d Adjusted Production(1) 398 Mboe/d Oil and Gas Capital Investment(2) 646 Million Adjusted EBITDAX(2) 999 Million Earnings Per Share 0.56 Adjusted Earnings Per…
  5. 1Q 2017 Supplement – Apache Corp – slide 5
    PRODUCTION AND REVENUES BY PRODUCT 1Q 2017 Reported Production Oil and Gas Revenue 481 MBOE/D 1.51 Billion 53% 78% Oil Production Oil Revenue Oil Natural Gas NGLs Note: Reported volumes include noncontrolling interest and…
  6. 1Q 2017 Supplement – Apache Corp – slide 6
    ADJUSTED PRODUCTION RECONCILIATION 1Q 2017 Mboe/d 500 481 450 38 398 400 44 1 350 300 250 200 150 100 50 - 1Q 2017 Egypt Tax Barrels Noncontrolling Interest(1) Divestments 1Q 2017 Reported Production Adjusted Production…
  7. 1Q 2017 Supplement – Apache Corp – slide 7
    1Q 2017 OPERATING CASH MARGINS Egypt Egypt North NorthSea Sea Permian Permian Other OtherNA NA 60.00 50.00 51 / Boe 40.00 39 / Boe 37 33 / Boe 30.00 Per Boe 33 20 24 / Boe 20.00 Per Boe Per Boe 13 14 / Boe 13 /…
  8. 1Q 2017 Supplement – Apache Corp – slide 8
    1Q 2017 NET DEBT RECONCILIATION ( in millions) 9,000 49 95 62 275 8,000 464 7,167 730 6,956 7,000 426 6,000 5,000 4,000 3,000 2,000 1,000 0 (2) Net Debt E&P and GTP Capex Changes in Leasehold & Dividends Other…
  9. 1Q 2017 Supplement – Apache Corp – slide 9
    OIL AND GAS CAPITAL INVESTMENT 1Q17 (1) E&P and GTP Investment: (In millions) Permian ........................................................................................ 440 MidCon / Gulf Coast…
  10. 1Q 2017 Supplement – Apache Corp – slide 10
    FIRST-QUARTER 2017 REGIONAL SUMMARY 11
  11. 1Q 2017 Supplement – Apache Corp – slide 11
    FIRST-QUARTER 2017 GLOBAL OPERATIONS GLOBAL KEY STATS NORTH AMERICA STATS INTERNATIONAL STATS Reported Production: 481,110 Boe/d Reported Production: 252,293 Boe/d Reported Production: 228,817 Boe/d Drilled & Completed Wells*: 46…
  12. 1Q 2017 Supplement – Apache Corp – slide 12
    PERMIAN: 1Q 2017 REGION SUMMARY Midland Basin PERMIAN KEY STATS FIRST-QUARTER 2017 Reported Production: 147,534 Boe/d Averaged six rigs and two frac crews in the quarter Drilled & Completed Wells*: 22 gross, 19 net Operations…
  13. 1Q 2017 Supplement – Apache Corp – slide 13
    ALPINE HIGH: THREE NEW TEST WELLS New Test Wells Previously Disclosed Chinook 101AH (Woodford target) REDWOOD MONT BLANC BLACKHAWK FOX STATE Blackhawk 5H (Barnett target) CHEYENNE WEISSMIES SPANISH TRAIL King…
  14. 1Q 2017 Supplement – Apache Corp – slide 14
    NEW TEST WELL: CHINOOK 101AH Highest Oil Yield To Date in Woodford Woodford Well Comparison (Non-Optimized, Short Laterals) 24-Hour IP Rates Treated Disclosure Lateral Unshrunk Gas Oil Oil:Gas Ratio Well Name Date Length Target Zone…
  15. 1Q 2017 Supplement – Apache Corp – slide 15
    NEW TEST WELL: BLACKHAWK 5H Highest Oil Yield To Date in Barnett Barnett Well Comparison (Non-Optimized, Short Laterals) 24-Hour IP Rates Treated Disclosure Lateral Unshrunk Gas Oil Oil:Gas Ratio Well Name Date Length Target Zone…
  16. 1Q 2017 Supplement – Apache Corp – slide 16
    NEW TEST WELL: KING HIDALGO 3H Successful Azimuth Test King Hidalgo 9H King Hidalgo 3H (abbreviated lateral) (standard lateral length for test well) Disclosure Date Feb 2016 Disclosure Date May 2017 Lateral Length 3,388 Lateral Length…
  17. 1Q 2017 Supplement – Apache Corp – slide 17
    INTERNATIONAL SUMMARY EGYPT KEY STATS NORTH SEA KEY STATS FIRST-QUARTER 2017 FIRST-QUARTER 2017 Reported Production: 170,539 Boe/d Reported Production: 58,278 Boe/d Drilled & Completed Wells*: 18 gross, 17 net Drilled & Completed…
  18. 1Q 2017 Supplement – Apache Corp – slide 18
    EGYPT: PRODUCTION DETAIL 4Q 2016 1Q 2017 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 207,541 821,993 344,540 195,289 797,108 328,141 Net Production 100,531 356,637 159,971 102,673 407,194…
  19. 1Q 2017 Supplement – Apache Corp – slide 19
    2017 GUIDANCE UPDATE 20
  20. 1Q 2017 Supplement – Apache Corp – slide 20
    NORTH AMERICA PRODUCTION OUTLOOK 2017 Quarterly Guidance Update (Mboe/d) First gas at Alpine High midstream two months Unchanged ahead of schedule 2Q17: raised lower-end by 4 Mboe/d and upper-end by 2 Mboe/d 379 Added 3Q17 guidance…
  21. 1Q 2017 Supplement – Apache Corp – slide 21
    INTERNATIONAL PRODUCTION OUTLOOK 2017 Quarterly Guidance Update (Mboe/d) Added 3Q17 guidance Unchanged 2017 guidance unchanged 164 156 158 147 141 154 146 146 136 1Q17A 2Q17E 3Q17E 4Q17E 4Q18E Note: Adjusted production.…
  22. 1Q 2017 Supplement – Apache Corp – slide 22
    APACHE PRODUCTION OUTLOOK 2017 Quarterly Guidance Update (Mboe/d) 2Q17 and 4Q17 guidance raised as a result of North Unchanged America increase Added 3Q17 guidance 537 485 455 424 429 398 386 404 376 1Q17A 2Q17E…
  23. 1Q 2017 Supplement – Apache Corp – slide 23
    APACHE 2017 GUIDANCE Production & Capital Previous Updated 2017 2017 Daily Production (MBOE/D) Guidance Range Guidance Range Reported Production North…
  24. 1Q 2017 Supplement – Apache Corp – slide 24
    APACHE 2017 GUIDANCE Other Income Statement Items Previous Updated 2017 2017 Other Income Statement Items Guidance Range Guidance Range Operating Costs Lease Operating Expenses ( per BOE)......................................... 8.50…
  25. 1Q 2017 Supplement – Apache Corp – slide 25
    NON-GAAP RECONCILIATIONS 26
  26. 1Q 2017 Supplement – Apache Corp – slide 26
    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…
  27. 1Q 2017 Supplement – Apache Corp – slide 27
    NON-GAAP RECONCILIATION Adjusted EBITDAX Reconciliation of net cash provided by operating activities to adjusted EBITDAX Management believes EBITDAX, or earnings before income tax expense, interest expense, depreciation, amortization and…
  28. 1Q 2017 Supplement – Apache Corp – slide 28
    NON-GAAP RECONCILIATION Cash Flow From Operations Before Changes in Operating Assets and Liabilities Reconciliation of net cash provided by operating activities to cash flow from operations before changes in operating assets and…
  29. 1Q 2017 Supplement – Apache Corp – slide 29
    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…
  30. 1Q 2017 Supplement – Apache Corp – slide 30
    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 for…

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