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RBN Energy Conference – Apache Corp

Apache Corp · Oct 10, 2018 · 23 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. RBN Energy Conference – Apache Corp – slide 1
    10.10.2018 PERMIAN PERSPECTIVE: PAST SUCCESS, EXCITING FUTURE RBN ENERGY CONFERENCE
  2. RBN Energy Conference – Apache Corp – slide 2
    AGENDA Apache: Overview Permian: Perspective Alpine High: A differentiated discovery Conclusion: Remarks, Q&A 3
  3. RBN Energy Conference – Apache Corp – slide 3
    APACHE Overview 4
  4. RBN Energy Conference – Apache Corp – slide 4
    APACHE OVERVIEW: STREAMLINED PORTFOLIO UNITED STATES Permian driving growth and returns optionality in Scoop/Stack & Eagle Ford EGYPT Significant free cash flow and preparing for next leg of growth NORTH SEA High margins, high…
  5. RBN Energy Conference – Apache Corp – slide 5
    APACHE OVERVIEW: OIL LEVERED, PERMIAN FOCUSED 2Q 2018 Revenue Mix 2018 Capital Budget: 3.4 Billion Natural Gas Liquids Other U.S.(1) 8% 7% Permian International(2) (ex Alpine High) 20% Natural Gas 32% 11% WTI Oil 31%…
  6. RBN Energy Conference – Apache Corp – slide 6
    PERMIAN Perspective 7
  7. RBN Energy Conference – Apache Corp – slide 7
    APACHE PERMIAN EVOLUTION Apache Permian 2010 FROM PRESENCE TO FOCUS Established Midland Office in 2010 BP and Mariner Energy acquisitions Doubled gross acreage to more than 3 million Production increased by 35 MBoe/d Rig count…
  8. RBN Energy Conference – Apache Corp – slide 8
    APACHE PERMIAN EVOLUTION Apache Permian Today ADDITION OF ALPINE HIGH Established San Antonio office in 2014 Discovered and announced Alpine High in 2016 Replaced Canada production in July 2018 ALPINE HIGH LEGACY APACHE 9
  9. RBN Energy Conference – Apache Corp – slide 9
    OPTIMIZATION, DISCOVERY AND DEVELOPMENT 2010 2014 2018(2) Focus on organization, Acreage strategic testing, returns (Net) 0.7 MM 1.6 MM 1.5 MM Active in multiple plays: Average Rig Count 8 40 17 conventional/ Production…
  10. RBN Energy Conference – Apache Corp – slide 10
    PERMIAN BASIN PRODUCTION GROWTH 210 50 42 202 45 180 40 177 183 40 150 169 32 159 161 161 35 148 146 120 30 25 127 25 90 108 92 20 60 15 67 17 17 16 16 17 10 30 12 13 8 5 5 0 0 2010 2011 2012 2013 2014 2015 2016 1Q17 2Q17…
  11. RBN Energy Conference – Apache Corp – slide 11
    MIDLAND AND DELAWARE BASIN OIL PRODUCTION Oil Growth Leading the Way Key Focus Areas Strong well performance Increasing efficiencies, multi-well pads/ longer laterals Wildfire Midland & Delaware Basin Oil Production Pecos Bend…
  12. RBN Energy Conference – Apache Corp – slide 12
    ALPINE HIGH A differentiated discovery 13
  13. RBN Energy Conference – Apache Corp – slide 13
    ALPINE HIGH: A WORLD-CLASS PLAY SCALE Alpine High: 340,000 Net Acres(1) Unprecedented hydrocarbon column up to 6,000 ft. Vertically stacked oil, rich gas and dry gas fairways 5,000+ locations identified to date POSITIONING Ideally…
  14. RBN Energy Conference – Apache Corp – slide 14
    STRUCTURAL CROSS SECTION OF ALPINE HIGH NORTHERN FLANK CREST SOUTHERN FLANK Evaporites Transgressive Parasequences 7,500 8,500 OIL 8720 9,500 9210 9420 9130 9760 9700 9925 10820 10215 Transgressive Source Interval…
  15. RBN Energy Conference – Apache Corp – slide 15
    ALPINE HIGH: CHANGING PERCEPTIONS PRIOR PERCEPTION REALITY Up to 6,000-foot thick, multi-zone hydrocarbon column Complex geology, dry gas, uneconomic High BTU gas and oil producing formations Multi-decade inventory of high-return…
  16. RBN Energy Conference – Apache Corp – slide 16
    INDUSTRY ACTIVITY INCREASING AROUND ALPINE HIGH September 2016 September 2018 WARD CULBERSON REEVES PECOS JEFF DAVIS Drilled/ Drilling Count: 223 Current Permit Count: 84 Total well count: 307 Mil es 20…
  17. RBN Energy Conference – Apache Corp – slide 17
    ALPINE HIGH PLAY EVOLUTION SEPTEMBER 2016 SEPTEMBER 2018 2020 (EST.) RIG COUNT 3 7 10 - 11 CUM. WELLS DRILLED 14 162 425 450 at year-end CUM. WELLS ON PRODUCTION 9 111 350 375 at year-end NET PRODUCTION (MBOE/D) Nm 54 (July Exit…
  18. RBN Energy Conference – Apache Corp – slide 18
    ALPINE HIGH: TRANSITIONING TO FULL-FIELD DEVELOPMENT Apaches long-term methodical approach to developing Alpine High: 2014 - 2016 2016 - 2017 2018 & beyond Formulation of concept, concept testing and confirmation + Areal and…
  19. RBN Energy Conference – Apache Corp – slide 19
    ALTUS MIDSTREAM TRANSACTION OVERVIEW FULLY INTEGRATED PERMIAN BASIN MIDSTREAM COMPANY Premier upstream E&P and leading midstream investor Market capitalization of 3.5 billion at formation(1) 900+ million of cash to pre-fund Alpine…
  20. RBN Energy Conference – Apache Corp – slide 20
    ALPINE HIGH: WELLHEAD TO WATER CONNECTIVITY LARGE-SCALE, MASTER-PLANNED G&P BUILDOUT LONG-HAUL PIPELINES Proactive, long-term planning resulted in attractive takeaway and fractionation capacity in a tight Katy Market Access…
  21. RBN Energy Conference – Apache Corp – slide 21
    CONCLUSION Remarks & Q&A 22
  22. RBN Energy Conference – Apache Corp – slide 22
    PERMIAN BASIN A LOOK TO THE FUTURE HOUSTON Takeaway issues weve been here before Industry capable of quickly adjusting Scale and the ability to plan are a significant competitive advantage for E&Ps Base decline rate / rig count…
  23. RBN Energy Conference – Apache Corp – slide 23
    Q&A 24

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