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Credit Suisse 23rd Annual Energy Summit – Apache Corp

Apache Corp · Feb 13, 2018 · 15 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. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 1
    CREDIT SUISSE ENERGY SUMMIT JOHN CHRISTMANN, CEO & PRESIDENT February 13, 2018
  2. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 2
    ENVIRONMENTAL, SOCIAL AND GOVERNANCE Apache is an Industry Leader in Prioritizing ESG Methane Water Safety Emissions Usage We seek to use alternatives to potable fresh watersuch as recycled produced waterin all By 2025, Apache is…
  3. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 3
    AGENDA Portfolio repositioning Region overviews Technology Incentive compensation Investment highlights 4
  4. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 4
    APACHE STRATEGIC APPROACH: 2015-2017 Repositioning the Business Aligned capital spend with cash flow Financial Discipline Reduced debt, protected investment grade credit rating Sustained dividend, did not issue equity Exited…
  5. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 5
    APACHES INVESTMENT EVOLUTION Capital as % of APA Total Permian Basin now attracting the majority of 100% Other Apaches capital investment 80% Other Int'l 60% Driving profitable growth for years to come 40% Permian Int'l 20%…
  6. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 6
    APACHES PORTFOLIO TODAY United States International Anadarko Woodford UK North Sea SCOOP Eagle Ford S. LA Minerals Suriname Gulf of Mexico Egypt Permian Growth Engine Positive Free Cash Flow Generator +…
  7. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 7
    PERMIAN BASIN OVERVIEW Production Growth Resumed 3Q17 Production & Rig Count Mboe/d Avg Rig Count 171 30 165 159 161 25 160 149 148 146 20 New 15 17 17 Mexico 130 10 13 5 6 7 100 4 5 0 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17…
  8. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 8
    MIDLAND AND DELAWARE BASIN 2017 Step Change in Performance Consolidating and accelerating 2015/2016 learnings Key Focus Areas Increased efficiencies and operating performance Multi-well pads / longer laterals Few retention wells…
  9. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 9
    ALPINE HIGH: UPSTREAM Developing a World-Class Wet Gas Play Unprecedented hydrocarbon column up to 6,000 ft. Vertically stacked oil, wet gas and dry gas fairways Scale 340,000 contiguous leasehold acres 5,000+ locations identified…
  10. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 10
    ALPINE HIGH: MIDSTREAM Foundational Delaware Basin Midstream Enterprise Cherokee CPF Greenfield, fit-for-purpose system enables optimal wet gas development 700 mm invested through year-end 2017 Targeting 830 MMcf/d of gross…
  11. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 11
    INTERNATIONAL BUSINESSES Investing to Sustain Cash Flow Generation with Future Potential Egypt UK North Sea MEDITERRANEAN SEA Largest oil producer Best-in-class operator Running 14 rigs 3 rigs operating (2 platform, 1…
  12. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 12
    APACHES STRATEGIC APPROACH: 2018-2020 Maintain strong balance sheet; protect capital program Financial Target living within cash flow Discipline Relentless cost focus Expand and high-grade Permian inventory Portfolio Sustain…
  13. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 13
    STRATEGIC EMPHASIS ON TECHNOLOGY Drilling Advisory System based on Physics and Data Analytics Longtime leader in innovation and application of technology worldwide Collaboration across regions and disciplines to share best…
  14. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 14
    APACHE INCENTIVE COMPENSATION STRUCTURE Short and Long-Term Compensation Aligned for Returns-Focused Outcomes Annual Incentive Long-Term Incentive(1) 2018 Plan Performance Shares Drilling Rate of Return Health, Safety, Security…
  15. Credit Suisse 23rd Annual Energy Summit – Apache Corp – slide 15
    INVESTMENT HIGHLIGHTS Financial discipline manage to cash flow neutrality / strong balance sheet Dividend yield currently 2% Free cash flow from high-margin International businesses Returns focused, long-term growth in the Midland…

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