June 22, 2017 13TH ANNUAL TPH HOTTERN HELL ENERGY CONFERENCE JOHN CHRISTMANN, CEO & PRESIDENT
DISCUSSION POINTS Managing a volatile oil price environment Apache catalysts Apache region highlights Concluding thoughts 3
MANAGING A VOLATILE OIL PRICE RECOVERY Optimism for Market OPEC cuts announced on November 30th, Recovery in question, 2017 oil price Sentiment reinforces positive sentiment return to 50/bbl in 4Q19/1Q20 recovery 56 1,000 54…
2017 & 2018 PLAN 2017 Budget Mitigating Cash Flow Risk 3.1 bn capex 50/bbl WTI & 3.25/Mcf HH 50/bbl oil puts in 2H17 63% of oil and gas capital investment Non-core asset sales allocated to Permian Production growth begins in…
CATALYSTS Organic growth Production ramp at Alpine High; midstream buildout remains ahead of schedule 2H17 production increases in Midland Basin, Egypt and North Sea Portfolio high grading and refinement Increasing exposure to the…
EGYPT: INVESTING TO SUSTAIN FREE CASH FLOW Poised for Future Success in Egypts Western Desert Apache Egypt Acreage Map Two new undeveloped concessions comprising 1.4 mm acres, adding 40% to Herunefer West-1 Apaches Egypt acreage…
NORTH SEA: INVESTING TO SUSTAIN FREE CASH FLOW Beryl Area Discoveries and Near-Term Exploration North Sea Beryl Area Callater project ahead of schedule, under budget Strong tests from Callater 18x well Beryl Bravo Lower Cormorant…
BUILDING MOMENTUM IN THE MIDLAND BASIN Midland Basin Activity Pad drilling in the Wolfcamp and Spraberry shale Six primary rig lines and two frac crews in 2017 32 wells planned to come online during 2H17 Two 10-well pads + one 9-well…
ALPINE HIGH: UPSTREAM Currently producing 50+ MMcf/d Transitioning to optimization phase on multiple pads Testing: Lateral length Targeting / placement / azimuth Frac design and size Spacing and pattern Continuing to…
ALPINE HIGH: MIDSTREAM Infrastructure progress: Additional 20 miles of 30 trunkline installed by end of June 2017 Two expandable central processing (refrig) facilities in operation, three under construction Five tank batteries…
CONCLUDING THOUGHTS Deep inventory of high-quality, fully-burdened, full-cycle drilling opportunities with strong returns in sub-50/bbl environment Poised to deliver highly competitive production and cash flow growth per share…
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