Recent Highlights Streamlined U.S. portfolio with Mid-Con exit Signaled lower capital spending with modest oil production growth in 2020 Announced organizational re-design and cost savings initiatives Announced a 50/50 JV with…
Plan Commentary & Key Objectives 2020 Plan Key Objectives Budget 10 20% below 2019 upstream capital Deliver attractive risk-adjusted returns at investment of 2.4 billion moderate pace of growth Positive Free Cash Flow, after…
3Q 2019 Global Portfolio GLOBAL 450,644 BOE/D 51% / 33% / 16% 64 Gross, 63 Net 20 Reported Production Oil / Gas / NGL Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 265,910 BOE/D 184,734 BOE/D Reported…
Doing More with Less in the U.S. U.S. Production & Rig Count 400 120 350 100 306 300 283 292 286 - 290 264 266 251 80 250 222 74 206 200 Mid-Con sale & 60 Alpine High volume curtailments 150 40 100 21 18 16 15 12 20…
Permian Basin Apache is a Top-Tier Permian Player Key Focus Areas Over 2.9MM gross acres at year-end 2018 Focused on: Central Basin Platform Oil production in Midland / Delaware Waterflood activities in Central Basin Platform Rich…
Egypt: Laying Foundation for Oil-Focused Initiatives Apache Egypt Acreage: 6.2 million acres Countrys largest oil producer and acreage holder Maintained relatively steady gross production for more than 6 years Delivers stable…
North Sea: High Margins, High Returns, Free Cash Flow Apache North Sea Acreage Focused on sustaining production and cash flow generation capacity 100% drilling success rate in 2019 (10 of 10) Excellent exploratory success in…
Offshore Suriname: Significant Multi-Zone Oil Discovery Ranger Announced a 50/50 JV with Total S.A. on Block 58 Stabroek Area Exxon Discoveries Maka Central-1 (MKC) well confirms geologic model with significant Pacora oil…
Offshore Suriname: Long-Term Joint Venture With World Class Operator Key Terms of Total / Apache JV Block 58 Ownership 50% Total / 50% Apache Exploration Well Cost Participation 50% Total / 50% Apache (Including Maka Central-1) -…
Guyana Basin Stratigraphic 13
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…
Appendix 15
Organizational Re-Design Deliver more proactive planning and improved capital allocation Minimize duplication and redundancy EXPLORATION DEVELOPMENT OPERATIONS Improve collaboration and alignment CFO Energy Tech SUPPORT…
2019 Guidance (1) Refer to glossary of referenced terms for definition of Upstream Capital Investment. (2) Represents combination of 100% Altus Midstream Company operating expense and Apache upstream GPT costs. (3) Excludes dry…
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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