APACHE TRANSFORMATION Focusing the Portfolio, Growing the Permian, Improving Returns Current Portfolio 2014 4Q 2018 Total Production (Reported)(1) 647 Mboe/d 482 Mboe/d Permian Production 159 Mboe/d 236 Mboe/d US / Intl Production…
FRAMEWORK FOR LONG-TERM VALUE CREATION BALANCED PORTFOLIO APPROACH Capital Allocation Focused on Maintaining Free Cash Flow Generators and Developing Long-Term Growth Optionality SUSTAINABLE PRODUCTION GROWTH Growing Permian Oil…
2018 HIGHLIGHTS Strong Financial Performance & Execution RETURN TO INVESTORS SUSTAINABLE BALANCED PORTFOLIO PRODUCTION GROWTH Exceeded 2018 CROIC(1) target of 18% Delivered 13% adjusted production Formed Altus Midstream Company…
2019 CAPITAL BUDGET & ACTIVITY United States 3.4 Billion 1Q-19 Guide of 625MM 10% Average 12 Rigs 29% Drill 85 wells at Alpine High focused primarily on rich gas 2.4 Billion development Drill 55 wells in Midland and 42 wells in…
2019 CASH FLOW PRIORITIES Return to Investors Cash flow Increase Activity Build Cash Generated Above Plan Pricing Minimum 50% to investors Cash flow at Plan Pricing (53/bbl) Cash Flow at 45/bbl Cash Flow Maintenance…
4Q 2018 GLOBAL PORTFOLIO Balanced Portfolio Aligns Returns Focus & Strategic Objectives GLOBAL UNITED STATES INTERNATIONAL 482,298 BOE/D 283,464 BOE/D Reported Production 198,834 BOE/D Reported Production Reported Production 31 18…
MIDLAND AND DELAWARE BASIN Driving Performance for Permian Basin Growth Southern Midland Basin production efficiency increased Key Focus Areas 12% on a per lateral foot basis from 2016 to 2018 New completion designs in Midland led to…
ALPINE HIGH Rich Gas Development Underway Formulation and Areal and Optimization and Focused Near-Term confirmation vertical transition to full Development and Setting Up of concept delineation field development the Long-Term 2014…
ALPINE HIGH Estimated Uplift from Cryogenic Processing/Gulf Coast Transportation LLI (MM) 600 222MM of Uplift 500 54 400 169 300 477 200 255 100 0 MRU Processing with Uplift with Cryogenic Uplift with…
ALTUS MIDSTREAM: PERMIAN PIPELINE ASSETS Pipelines Expected in Service by YE 2020 Altus owns or has the option to participate in five joint venture pipeline projects Nat Gas 16%(1) of KMIs GCX (Exercised) 27% of KMIs Permian…
ALTUS MIDSTREAM: GATHERING & PROCESSING OVERVIEW Asset Map Current Asset Highlights Rich Gas Processing: 380 MMcf/d of capacity in service Lean Gas Treating / Compression: 400 MMcf/d of capacity in service Gas Gathering…
EGYPT Laying Foundation for Potential Growth Apache Egypt Acreage: 6.2 million acres 3-D seismic data acquisition over more than 1.25 million acres Identified approximately 40 new leads thus far Drilling commenced using new data…
NORTH SEA High Margins, High Returns, Free Cash Flow Apache North Sea Acreage Sustaining North Sea production Water flood management at Forties successfully mitigating decline Successes at Callater & Garten drive higher…
SURINAME: HIGH-IMPACT OIL EXPLORATION Block 58 is a 1.4 MM acre block on Ranger trend with a proven oil system Stabroek Area Exxon Discoveries Suriname 100% Apache owned Offshore Pacora 3-D seismic surveys & processing Payara…
A LEADER IN ESG ENGAGEMENT AND SUSTAINABILITY REPORTING DISCLOSING THE FACTS 1 tCO2e/Mboe = metric tons of carbon dioxide equivalent per thousands of barrels of oil equivalent 4 Workforce TRIR (Total Recordable Incident Rate)…
GLOSSARY OF REFERENCED TERMS Upstream Capital Investment: Includes exploration, development, gathering, transmission, and processing capital, capitalized overhead, and settled asset retirement obligations, and excludes capitalized…
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