APA Corporation Strategy Foundation For Leveraging Disciplined Long-Term Diversified Financial Approach Success Portfolio Prioritize long-term returns through Diversify risk through a balanced Return a minimum of 60% of Free…
ESG Leadership: Primary Areas of Focus ESG Vision 2021 Goal Be at the forefront of industrys efforts Eliminating U.S. onshore routine flaring and targeting to measure, disclose and < 1% flaring intensity in the U.S. AIR mitigate…
3Q 2021 Key Metrics 3Q 2021 Reported Production 389 Mboe/d Adjusted Production(1) 336 Mboe/d Cost Incurred in Oil and Gas Property 273 Million Upstream Capital Investment(2) 228 Million Net Cash Provided by Operating…
Highlights Generated 421 Million of Free Cash Flow(1) in 3Q21 3Q21 Adjusted Production(2) of Guiding to 600 million in 4Q21 336 MBOE/D Exceeded Guidance 3Q21 Upstream Capital Investment(1) of Adjusted Oil Production(2) of 228…
Suriname Update Block 58 (APA 50% WI): 4 Discoveries since Jan. 2020, appraisal program underway Flow test ongoing at Sapakara South-1 appraisal well Bonboni exploration prospect drilling Exploration program to continue with…
4Q21 Guidance New Production (Mboe/d) United States. 224 International (Adjusted) 104 Total Adjusted Production 328 United States Oil (Mbo/d)....................................................... 73 Upstream Capital Investment (…
3Q Asset Update 9
3Q 2021 Global Portfolio GLOBAL 388,981 BOE/D 46% / 19% / 35% 27 Gross, 24 Net 14 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 237,498 BOE/D 151,483 BOE/D Reported…
3Q 2021 Operating Cash Margins Egypt North Sea United States(2) 80 75 / Boe 70 60 46 Per Boe 50 52 / Boe + 7 vs. 2Q 40 40 40 / Boe 30 Per Boe 29 / Boe 29 + 3 vs. 2Q Per Boe 20 North Sea cash operating cost per Boe + 4…
3Q U.S. Update ASSET HIGHLIGHTS ASSET STATS Exceeded U.S. production guidance provided in August with strong well 237,498 BOE/D Reported Production performance in all areas 32% / 30% / 38% Oil / NGL / Gas Southern Midland Basin:…
3Q Egypt Update ASSET HIGHLIGHTS ASSET STATS Drilling success rate of 75% (12 of 16 wells) 110,875 BOE/D Reported Production New seismic data continues unlocking opportunities in both new and existing 63% / 1% / 36% Oil / NGL /…
3Q North Sea Update ASSET HIGHLIGHTS ASSET STATS Production remained below capacity due to planned & unplanned 40,608 BOE/D Reported Production maintenance downtime during the quarter 83% / 3% / 14% Oil / NGL / Gas 1 Gross, 1 Net…
Appendix 15
Altus Midstream / EagleClaw Combination TRANSACTION HIGHLIGHTS BENEFITS TO APA Combination forms largest integrated Delaware Basin midstream Ownership in combined entity with larger scale, quality assets, company with implied…
Apache / Fieldwood Asset Retirement Obligation Summary Apache Corporation sold properties in the Gulf of Mexico to Fieldwood in 2013 for 3.5 billion Following Fieldwoods emergence from bankruptcy in August 2021, Apache evaluated…
Debt Maturity Profile Current(1) Long Term Debt(2) 6,344MM 1,500 Avg. Coupon 5.075% Avg. Maturity 14.0 Years 1,333 1,250 1,000 750 Near-term maturities expected to be called at par in 2022 500 703 580 250 500 428…
Open Commodity Derivative Positions (As of November 3, 2021) Weighted Avg Price Production Period Trade Type Index Units Daily Volume / Unit WTI Hedges October December 2021 Fixed Swap NYMEX WTI BBL 11,000 58.59 Brent Hedges…
Upstream Capital Investment ( in Millions) 1Q21 2Q21 3Q21 United States........... 102 118 92 Egypt (Apache's interest only).......... 64 75 77 North Sea. 40 36 32 Suriname....................... 37 28 27 Upstream Capital…
Egypt: Production Detail 2Q 2021 3Q 2021 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 136,360 578,380 232,757 134,904 564,354 228,963 Reported Production 71,735 256,262 114,445 70,326…
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…
Non GAAP Reconciliation Cash Flow Before Changes in Operating Assets & Liabilities and Free Cash Flow Reconciliation of Net Cash Provided by Operating Activities to Cash Flows from Operations before Changes in Operating Assets 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 operations before…
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 the Company's…
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