4Q and Full-Year 2020 Key Metrics 4Q 2020 FY 2020 Reported Production 411 Mboe/d 440 Mboe/d Adjusted Production(1) 365 Mboe/d 394 Mboe/d Cost Incurred in Oil and Gas Property 257 Million 1,211 Million Upstream Capital…
Apaches Strategy Foundation For Leveraging Disciplined Long-Term Diversified Financial Success Portfolio Approach Prioritizing returns over production Balanced commodity profile and Aggressively managing cost structure growth…
ESG Leadership: Primary Areas of Focus We focus our ESG efforts in areas that are: core to our business, important to stakeholders, and where we are capable of having a material impact ESG Vision 2021 Compensation Goal Be at…
2021 Plan Commentary 2021 Plan Regional Activity Established upstream capital budget of 1.1 billion 2 rig appraisal & exploration program in Suriname 35% U.S. / 45% International 20% Exploration (Suriname) 5 rig program in Egypt…
Block 58 Offshore Suriname Update Announced fourth discovery at Keskesi East-1 in January o Currently drilling to deeper Neocomian-aged targets 2021 Exploration Program moving towards northern portion of block, next prospect:…
1Q21 Guidance New Production Commentary Production (Mboe/d) U.S. production decline from 4Q20 United States.. 204 largely attributable to weather downtime & completion schedule cadence International (Adjusted). 120 Total Adjusted…
2021 Guidance New Production (Mboe/d) United States 220 225 International 170 175 Reported Production 390 400 Less: Egypt Tax Barrels 17 Less: Egypt Noncontrolling Interest.. 33 Total Adjusted Production. 340 350 United States…
4Q Asset Update 10
4Q 2020 Global Portfolio GLOBAL 410,758 BOE/D 47% / 18% / 35% 10 Gross, 10 Net 8 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 232,975 BOE/D 177,783 BOE/D Reported…
4Q 2020 Operating Cash Margins Egypt North Sea United States(2) 50 45 44 / Boe 40 35 30 33 / Boe 29 Per Boe 25 22 + 9 Per Boe vs. 3Q 20 21 / Boe 15 - 1 vs. 3Q 15 / Boe 12 11 / Boe Per Boe 10 9 / Boe Flat vs. 3Q 5 0…
4Q Egypt Update ASSET HIGHLIGHTS ASSET STATS Gross production decline reflects activity reductions in 2020 115,876 BOE/D Reported Production o Reduced rig count by 50% from 1Q20 60% / 1% / 39% o Decline rate expected to moderate in…
4Q North Sea Update ASSET HIGHLIGHTS ASSET STATS Production increased 4% in the quarter due to workover timing 61,907 BOE/D Reported Production 82% / 3% / 15% Oil / NGL / Gas Maintaining 1 floating rig / 1 platform crew ( 1 crew…
4Q U.S. Update ASSET HIGHLIGHTS ASSET STATS Permian curtailments (including Alpine High) were 11,500 Boe/d (30% oil) 232,975 BOE/D Reported Production 32% / 30% / 38% Initiated DUC completion program in mid-November Oil / NGL /…
Appendix 16
Balance Sheet Progress in 2020 Updated Debt Maturity Profile (MM)(1) Repurchased debt in 2020 at favorable pricing 1,600 4,500 Issued 1.25BN of 5- and 7-year notes at sub 5% 1,400 coupons in 3Q20 1,200 Use of debt financing…
Commodity Hedging Program Open Commodity Derivative Positions As of February 23, 2020 Weighted Avg Price Production Period Trade Type Index Units Daily Volume / Unit Natural Gas Basis Hedges April 2021 December 2021 Basis Swap IF…
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 4Q20 YE20 United States.......... 261 52 6 40 359 Egypt (Apache's interest only)......... 99 79 65 64 307 North Sea.. 51 52 40 46 189 Suriname..................... 31 33 30…
Egypt: Production Detail 3Q 2020 4Q 2020 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 161,116 649,566 269,377 142,366 617,465 245,277 Reported Production 79,804 286,744 127,595 69,932…
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 (Quarter to Date) 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…
Non GAAP Reconciliation Adjusted Earnings (Year to Date) 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…
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 Net Debt Reconciliation of Debt to Net Debt Net debt, or outstanding debt obligations less cash and cash equivalents, is a non-GAAP financial measure. Management uses net debt as a measure of the Company's…
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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