4Q and Full-Year 2021 Key Metrics 4Q 2021 FY 2021 Reported Production 386 Mboe/d 388 Mboe/d Adjusted Production(1) 331 Mboe/d 334 Mboe/d Cost Incurred in Oil and Gas Property 392 Million 1,259 Million Upstream Capital…
APA Corporation Strategy Foundation For Disciplined Leveraging Long-Term Financial Approach Diversified Success Portfolio Prioritize long-term full-cycle returns Return a minimum of 60% of Free Diversify risk through a balanced…
2021 Highlights Generated 1.8 billion of Free Cash Flow(1); highest in over a decade & one of the highest in 67-year history Initiated shareholder return framework: minimum of 60% of Free Cash Flow to shareholders beginning in 4Q21 o…
ESG Vision Be at the forefront of industrys efforts to measure, disclose AIR and mitigate emissions E WATER Preserve freshwater resources and leverage technology to maximize water reuse S COMMUNITIES +PEOPLE Provide…
Compensation-linked ESG Goals Short-term Goals Long-term Goal Egypt: 40% reduction of upstream flaring in Egypt by year-end Established inaugural, long-term People: Develop and implement a future of work strategy inclusive of…
2022 Plan Overview Planned Drilling Activity Egypt: 11 rigs increasing to 15 rigs by mid-year 2022 Plan North Sea: 1 floating rig / 1 platform crew Onshore U.S.: 3 rigs increasing to 4 rigs by mid-year Upstream capital…
Suriname Update Block 58 (APA 50% WI): Five exploration discoveries since Jan. 2020, appraisal program underway Announced discovery at Krabdagu-1 exploration well o Encountered 90 meters (295 feet) of net oil pay in good quality…
Guidance 1Q 2022 FY 2022(2) Commentary Production (Mboe/d) United States. 212 210 Mineral rights sales package impact of 7 Mboe/d FY22 Egypt (Reported) 156 160 North Sea. 44 45 Total Reported Production. 412 415 Less: Egypt Tax Barrels…
4Q Asset Update 12
4Q 2021 Global Portfolio GLOBAL 385,630 BOE/D 46% / 18% / 36% 33 Gross, 32 Net 17 Reported Production Oil / NGL / Gas Drilled & Completed Wells(1) Avg Rigs UNITED STATES INTERNATIONAL 227,991 BOE/D 157,639 BOE/D Reported…
4Q 2021 Operating Cash Margins Egypt North Sea United States(2) 90 80 84 / Boe 70 54 60 Per Boe 55 / Boe + 8 50 vs. 3Q 40 42 46 / Boe Per Boe 30 / Boe 34 30 + 2 Per Boe vs. 3Q + 5 20 North Sea cash operating cost per…
U.S. Update ASSET HIGHLIGHTS 4Q 2021 ASSET STATS Southern Midland Basin: Averaged 2 rigs & placed 11 gross wells on 227,991 BOE/D Reported Production production in 4Q21 33% / 30% / 37% o Highlighted by J.P. Morgan as a leader in…
Egypt Update ASSET HIGHLIGHTS 4Q 2021 ASSET STATS 114,943 BOE/D Modernized PSC signed into law in late December Reported Production 59% / 1% / 40% Oil / NGL / Gas 19 Gross, 19 Net Returned to production growth in 4Q21 enabled by…
North Sea Update ASSET HIGHLIGHTS 4Q 2021 ASSET STATS 4Q21 production volume adversely impacted by incremental downtime at 42,696 BOE/D Beryl in December Reported Production 84% / 3% / 13% Oil / NGL / Gas Modest production…
Appendix 18
Debt Maturity Profile (Excludes ALTM Debt) Current(1) Apache Notes & Debentures(2) 6,131MM Reduced notes(2) by 1.7 BN in 2021 Avg. Coupon 5.138% 1,500 o Annual bond interest expense lowered by 20% (79 MM) Avg. Maturity 14.1 Years…
Upstream Capital Investment ( in Millions) 1Q21 2Q21 3Q21 4Q21 FY21 United States........... 102 118 92 145 457 Egypt (Apache's interest only excluding PSC modernization) 64 75 77 102 318 North Sea. 40 36 32 35 143…
Egypt: Production Detail 3Q 2021 4Q 2021 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 134,904 564,354 228,963 134,801 600,919 234,954 Reported Production 70,326 243,294 110,875 68,753…
Glossary of Referenced Terms Upstream Capital Investment: Includes exploration, development, gathering, processing, and transmission capital, capitalized overhead, and settled asset retirement obligations. 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…
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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