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September 2019 Marketing Presentation – Apache Corp

Apache Corp · Sep 24, 2019 · 18 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. September 2019 Marketing Presentation – Apache Corp – slide 1
    BUILDING FOR THE FUTURE SEPTEMBER 2019 MARKETING
  2. September 2019 Marketing Presentation – Apache Corp – slide 2
    2Q 2019 GLOBAL PORTFOLIO Balanced Portfolio Aligns Returns Focus & Strategic Objectives GLOBAL UNITED STATES INTERNATIONAL 455,023 BOE/D 264,024 BOE/D Reported Production 190,999 BOE/D Reported Production Reported Production 22 12…
  3. September 2019 Marketing Presentation – Apache Corp – slide 3
    FRAMEWORK FOR LONG-TERM VALUE CREATION BALANCED PORTFOLIO APPROACH Exploration / Development Conventional / Unconventional Oil / Liquids Rich Gas / Lean Gas OPERATIONAL FLEXIBILITY Actively Manage Capital Allocation to Reflect…
  4. September 2019 Marketing Presentation – Apache Corp – slide 4
    2019 CAPITAL BUDGET & ACTIVITY UNCHANGED Upstream Capital Budget Commentary 1.2 Bn 1.2 Bn Reiterated full year 2019 budget of 2.4 billion with no increase in activity More completions weighted spend in 2H 2019 relative to 1H…
  5. September 2019 Marketing Presentation – Apache Corp – slide 5
    U.S. PRODUCTION & RIG COUNT Delivering Growth More Efficiently 400 120 350 100 300 283 292 259 264 251 80 250 74 222 Impacted by 206 200 Alpine High 60 deferrals & Mid- Con asset sales 150 (26 Mboe/d) 40 100 21 18 15 16…
  6. September 2019 Marketing Presentation – Apache Corp – slide 6
    PERMIAN BASIN Apache is a Top-Tier Permian Player Balanced program focused on oil growth in the Midland / Key Focus Areas Delaware Basins and rich gas at Alpine High Ran 12 rigs in 2Q19: 7 in Midland/Delaware, 5 in Alpine High…
  7. September 2019 Marketing Presentation – Apache Corp – slide 7
    PERMIAN OIL PRODUCTION GROWTH 120 100 - 105 100 99 98 94 - 98 92 90 90 85 85 Frac Holiday Impact 80 Frac Holiday & Other Timing Impact Delays 60 40 20 4Q17 4Q'17 1Q18 1Q'18 2Q18 2Q'18 3Q18 3Q'18 4Q18 4Q'18 1Q19…
  8. September 2019 Marketing Presentation – Apache Corp – slide 8
    ALPINE HIGH PRODUCTION OUTLOOK 2019 Production Guidance Update (Mboe/d) Deferred 22 Mboe/d of net production in 2Q19 Reduced 3Q19 guidance range to reflect continued gas deferrals until GCX pipeline enters service 4Q19 guidance…
  9. September 2019 Marketing Presentation – Apache Corp – slide 9
    ALPINE HIGH WELL COST IMPROVEMENTS Average Drilling Costs Average Completions Costs /Ft /Lateral Ft 300 800 250 700 698 242 600 200 615 202 500 150 178 400 156 412 394 100 300 200 50 100 0 0 2017 2018 2019 1H 2017 2018…
  10. September 2019 Marketing Presentation – Apache Corp – slide 10
    INTERNATIONAL PRODUCTION OUTLOOK 2019 Production Guidance Update (Mboe/d) Quarterly Annual 2Q19 in-line with guidance No change to prior guidance for 3Q19 & 4Q19 145 132 - 135 133 - 134 132 123 North Sea Seasonal TAR…
  11. September 2019 Marketing Presentation – Apache Corp – slide 11
    EGYPT Cash Flow Generator Laying Foundation for Oil Focused Initiatives Apache Egypt Acreage: 6.2 million acres Countrys largest oil producer and acreage holder Acreage position expanded by more than 50% since mid-2017 Maintained…
  12. September 2019 Marketing Presentation – Apache Corp – slide 12
    EGYPT: STATE OF THE ART 3-D Dramatic Improvement in Sub-Surface Imaging 2013 Vintage Seismic 2018 Vintage Seismic 13
  13. September 2019 Marketing Presentation – Apache Corp – slide 13
    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 drove higher record…
  14. September 2019 Marketing Presentation – Apache Corp – slide 14
    SURINAME: HIGH-IMPACT OIL EXPLORATION Ranger Commenced drilling operations on first well in Block 58 Stabroek Area Exxon Discoveries Apache has exercised its option to drill two additional wells with the Noble Sam Croft Pacora…
  15. September 2019 Marketing Presentation – Apache Corp – slide 15
    APPENDIX 16
  16. September 2019 Marketing Presentation – Apache Corp – slide 16
    2019 GUIDANCE (1) Includes decrease of 15 Mboe/d related to Mid-Con asset sales. (2) Includes impact of projected 3Q production deferrals at Alpine High. (3) Refer to glossary of referenced terms for definition of Upstream Capital…
  17. September 2019 Marketing Presentation – Apache Corp – slide 17
    3Q 2019 GUIDANCE (1) Includes impact of projected production deferrals at Alpine High. (2) Represents combination of 100% Altus Midstream Company operating expense and Apache upstream GPT costs. (3) Excludes dry hole and unproved…
  18. September 2019 Marketing Presentation – Apache Corp – slide 18
    GLOSSARY OF REFERENCED TERMS Upstream Capital Investment: Includes exploration, development, gathering, processing, and transmission capital, capitalized overhead, and settled asset retirement obligations, and excludes capitalized…

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