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Q3 2017 Presentation – Apache Corp

Apache Corp · Nov 6, 2017 · 27 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. Q3 2017 Presentation – Apache Corp – slide 1
    FINANCIAL AND OPERATIONAL SUPPLEMENT
  2. Q3 2017 Presentation – Apache Corp – slide 2
    TABLE OF CONTENTS Third-Quarter 2017 Financial and Operational Results... 4 Third-Quarter 2017 Regional Summary..... 12 Guidance Update........... 17 Non-GAAP Reconciliations... 24 3
  3. Q3 2017 Presentation – Apache Corp – slide 3
    3Q17 FINANCIAL AND OPERATIONAL RESULTS 4
  4. Q3 2017 Presentation – Apache Corp – slide 4
    THIRD-QUARTER 2017 KEY METRICS Reported Production 448 Mboe/d Adjusted Production(1) 354 Mboe/d Oil and Gas Capital Investment(2) 843 Million Adjusted EBITDAX(2) 821 Million Earnings Per Share 0.16 Adjusted Earnings Per…
  5. Q3 2017 Presentation – Apache Corp – slide 5
    PRODUCTION AND REVENUES BY PRODUCT 3Q 2017 Reported Production Oil and Gas Revenue 448 MBOE/D 1.39 Billion 53% 77% Oil Production Oil Revenue Oil Natural Gas NGLs Note: Reported volumes include noncontrolling interest and…
  6. Q3 2017 Presentation – Apache Corp – slide 6
    ADJUSTED PRODUCTION RECONCILIATION 3Q 2017 Mboe/d 500 448 450 400 28 354 350 43 23 300 250 200 150 100 50 - (1) 3Q 2017 Egypt Tax Barrels Noncontrolling Interest Canada 3Q 2017 Reported Production Adjusted Production…
  7. Q3 2017 Presentation – Apache Corp – slide 7
    OPERATING CASH MARGINS 3Q 2017 Egypt North Sea Permian Other NA Including Canada 50.00 48 / Boe 45.00 40.00 35.00 37 / Boe 31 Per Boe 30.00 30 / Boe 25.00 30 20.00 Per Boe 18 21 / Boe 15.00 17 / Boe Per Boe 10 12 /…
  8. Q3 2017 Presentation – Apache Corp – slide 8
    NET DEBT RECONCILIATION 3Q 2017 ( in millions) 9,000 8,000 101 95 108 75 698 7,000 6,812 655 6,637 597 6,000 5,000 4,000 3,000 2,000 1,000 0 (2) Net Debt E&P and GTP Leasehold & Changes in Dividends Other Cash…
  9. Q3 2017 Presentation – Apache Corp – slide 9
    CASH FLOW BY REGION For the Quarter Ended September 30, 2017 (1) North Sea Egypt Canada U.S. and Other Consolidated ( in millions) Net cash provided by operating activities 78 221 (1) 256 554 Changes in operating assets and…
  10. Q3 2017 Presentation – Apache Corp – slide 10
    OIL AND GAS CAPITAL INVESTMENT 1Q17 (1) 2Q17 (1) 3Q17 (1) E&P and GTP Investment: Permian ........................................................................................ 440 486 585 MidCon / Gulf Coast…
  11. Q3 2017 Presentation – Apache Corp – slide 11
    THIRD-QUARTER 2017 REGIONAL SUMMARY 12
  12. Q3 2017 Presentation – Apache Corp – slide 12
    THIRD-QUARTER 2017 GLOBAL OPERATIONS GLOBAL KEY STATS NORTH AMERICA STATS INTERNATIONAL STATS Reported Production: 448,235 Boe/d Reported Production: 230,991 Boe/d Reported Production: 217,244 Boe/d Drilled & Completed Wells*: 69…
  13. Q3 2017 Presentation – Apache Corp – slide 13
    3Q 2017 PERMIAN REGION SUMMARY Midland Basin PERMIAN KEY STATS THIRD-QUARTER 2017 Averaged 6 rigs and 3 frac crews in the quarter Reported Production: 160,823 Boe/d Drilled & Completed Wells*: 40 gross, 38 net Brought online three…
  14. Q3 2017 Presentation – Apache Corp – slide 14
    3Q 2017 INTERNATIONAL SUMMARY EGYPT KEY STATS NORTH SEA KEY STATS THIRD-QUARTER 2017 THIRD-QUARTER 2017 Reported Production: 157,737 Boe/d Reported Production: 59,507 Boe/d Drilled & Completed Wells*: 25 gross, 23 net Drilled &…
  15. Q3 2017 Presentation – Apache Corp – slide 15
    EGYPT: PRODUCTION DETAIL 2Q 2017 3Q 2017 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 196,838 825,947 334,496 202,677 818,350 339,069 Net Production 97,841 383,296 161,724 94,665 378,426…
  16. Q3 2017 Presentation – Apache Corp – slide 16
    GUIDANCE UPDATE 17
  17. Q3 2017 Presentation – Apache Corp – slide 17
    NORTH AMERICA ADJUSTED PRODUCTION OUTLOOK Guidance from 10/9/17 Webcast Unchanged (Mboe/d) Canadian Volumes Excluded By Quarter 52 Mboe/d 50 Mboe/d 24 Mboe/d 224 207 199 194 218 1Q17A 2Q17A 3Q17A 4Q17E Note: Adjusted…
  18. Q3 2017 Presentation – Apache Corp – slide 18
    INTERNATIONAL ADJUSTED PRODUCTION OUTLOOK Guidance from 10/9/17 Webcast Unchanged (Mboe/d) 156 147 144 146 150 1Q17A 2Q17A 3Q17A 4Q17E Note: Adjusted production excludes Egypt tax barrels and noncontrolling interest. Comprises…
  19. Q3 2017 Presentation – Apache Corp – slide 19
    APACHE ADJUSTED PRODUCTION OUTLOOK Guidance from 10/9/17 Webcast Unchanged (Mboe/d) Canadian Volumes Excluded By Quarter 380 52 Mboe/d 50 Mboe/d 24 Mboe/d 368 354 345 337 1Q17A 2Q17A 3Q17A 4Q17E Note: Adjusted production…
  20. Q3 2017 Presentation – Apache Corp – slide 20
    2017 GUIDANCE: PRODUCTION & CAPITAL Production Guidance from 10/9/17 Webcast Unchanged 2017 Daily Production (MBOE/D) Guidance Range North America (ex-Canada)............................................................... 205 - 206…
  21. Q3 2017 Presentation – Apache Corp – slide 21
    2017 GUIDANCE: OTHER INCOME STATEMENT ITEMS Guidance Unchanged 2017 Other Income Statement Items Guidance Range Operating Costs Lease Operating Expenses ( per BOE)......................................... 8.25 - 8.75 Gathering and…
  22. Q3 2017 Presentation – Apache Corp – slide 22
    OPEN COMMODITY DERIVATIVE POSITIONS As of October 31, 2017 Oil Hedges Volume Instrument Index Period (bbls/d) Strike Put Option WTI Oct - Dec 2017 92,000 50.00 Put Option Dated Brent Oct - Dec 2017 83,000 51.00 Put Option Dated Brent…
  23. Q3 2017 Presentation – Apache Corp – slide 23
    NON-GAAP RECONCILIATION Adjusted Earnings Reconciliation of income (loss) attributable to common stock to adjusted earnings Our presentation of adjusted earnings and adjusted earnings per share are non-GAAP measures because they exclude…
  24. Q3 2017 Presentation – Apache Corp – slide 24
    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…
  25. Q3 2017 Presentation – Apache Corp – slide 25
    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…
  26. Q3 2017 Presentation – Apache Corp – slide 26
    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…
  27. Q3 2017 Presentation – Apache Corp – slide 27
    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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