3Q 2020 Key Metrics 3Q 2020 Reported Production 445 Mboe/d Adjusted Production(1) 394 Mboe/d Cost Incurred in Oil and Gas Property 188 Million Upstream Capital Investment(2) 141 Million Net Cash Provided by Operating…
Apaches Strategy Foundation For Leveraging Disciplined Long-Term Diversified Financial Success Portfolio Approach Prioritizing returns over production International assets generating more Aggressively managing cost structure…
ESG Leadership: Primary Focus Areas Do our Is it directly Can we have a stakeholders view related to our core material impact on ESG Vision Supporting Actions these as important business the issue issues Enacted policies and…
2021 Plan Commentary Capital Allocation Priorities Remain Unchanged Appraisal & exploration program in Suriname 5 6 rig program in Egypt 2021 Plan 1 floating rig / 1 platform crew in the North Sea Anticipate upstream capital…
Debt Reduction & Advancing Suriname Remain Clear Priorities WTI Oil Price INCREMENTAL CASH FLOW TO 30 - 40 40+ RETURN TO INVESTORS Primarily focus on debt reduction until Debt/EBITDAX is reduced to at least 1.5x, then focus will…
Success Continues in Block 58 Offshore Suriname Keskesi East-1 exploration well currently drilling Announced major discovery at Kwaskwasi-1 at end of July o Targeting submission of appraisal plan before year-end Sapakara…
Positioning the Balance Sheet in 2020 Updated Debt Maturity Profile (MM)(1) 4,500 1,600 Issued 1.25BN of 5- and 7-year notes at sub 5% 1,400 coupons in 3Q20 1,200 1,000 Use of proceeds(2): Called 2021 notes at par on o 638MM…
4Q20 Guidance New 4Q 2020 Quarterly Guidance Guidance Production (Mboe/d) United States 225 International (Adjusted) 130 Total Adjusted Production. 355 United States Oil (Mbo/d)................................... 73 Upstream…
3Q Results 11
3Q 2020 Global Portfolio GLOBAL 445,241 BOE/D 47% / 18% / 35% 19 Gross, 17 Net 8 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 258,058 BOE/D 187,183 BOE/D Reported…
3Q 2020 Operating Cash Margins Egypt North Sea United States(2) 50 45 40 35 36 / Boe 30 32 / Boe 20 Per Boe 25 23 + 10 Per Boe vs. 2Q 20 15 + 10 vs. 2Q 16 / Boe 20 / Boe 12 Per Boe 9 / Boe 10 8 / Boe + 7 vs. 2Q 5 0…
3Q Egypt Summary REGION HIGHLIGHTS REGION STATS Gross production declined as a result of significant drilling activity 127,595 BOE/D Reported Production reductions this spring & natural declines 62% / 1% / 37% o 11 rigs in 1Q20 = 5…
3Q North Sea Summary REGION HIGHLIGHTS REGION STATS Production increased 4% in 3Q driven by the return of 2Q 59,588 BOE/D Reported Production curtailed production, partially offset by scheduled maintenance 82% / 3% / 15% turnarounds…
3Q U.S. Summary REGION HIGHLIGHTS REGION STATS Changes in Permian Basin activity associated with low oil prices: 258,058 BOE/D o Suspended drilling & completion activity in April 2020 Reported Production o Curtailed workover activity…
Appendix 17
Commodity Hedging Program Open Commodity Derivative Positions As of November 3, 2020 Weighted Avg Price Production Period Trade Type Index Units Daily Volume / Unit Midland Basis Hedges October December 2020 Basis Swap (S) Midland…
Credit Facility Profile 4 Billion Revolving Credit Facility Apaches 4 BN committed credit facility for general corporate purposes, matures March 2024 Facility Type Senior Unsecured o Unsecured facility held by 18 banks, 17 of which…
Upstream Capital Investment ( in Millions) 1Q20 2Q20 3Q20 United States.......... 261 52 6 Egypt (Apache's interest only)......... 99 79 65 North Sea.. 51 52 40 Suriname..................... 31 33 30 Upstream Capital Investment…
Egypt: Production Detail 2Q 2020 3Q 2020 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 173,546 642,003 280,547 161,116 649,566 269,377 Reported Production 80,749 279,561 127,342 79,804…
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…
Non GAAP Reconciliations 23
Non GAAP Reconciliation Adjusted Earnings Reconciliation of Income Attributable to Common Stock to Adjusted Earnings Our presentation of adjusted earnings and adjusted earnings per share are non-GAAP measures because they exclude the…
Non GAAP Reconciliation Adjusted EBITDAX Reconciliation of Net Cash Provided by Operating Activities to Adjusted EBITDAX Management believes EBITDAX, or earnings before income tax expense, interest expense, depreciation, amortization and…
Non GAAP Reconciliation Segment Cash Flows Reconciliation of Net Cash Provided by Operating Activities to Cash Flows from Continuing Operations before Changes in Operating Assets and Liabilities Cash flows from continuing operations…
Non GAAP Reconciliation Cash Flow From Operations Before Changes in Operating Assets and Liabilities Reconciliation of Net Cash Provided by Operating Activities to Cash Flows from Operations before Changes in Operating Assets and…
Non GAAP Reconciliation Upstream Capital Investment Reconciliation of Costs Incurred to Upstream Capital Investment Management believes the presentation of upstream capital investments is useful for investors to assess Apache's…
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