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Howard Weil 39th Annual Energy Conference – Apache Corp

Apache Corp · Mar 28, 2011 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 1
    A U S T R A L I A A R G E N T I N A C A N A D A E G Y P T N O R T H S E A U . S . C E N T R A L U . S . G U L F Howard Weil Energy Conference March 28, 2011
  2. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 2
    Apache Today Key Metrics 729 MBOE/D (Q4 2010) 50/50 Oil/Gas 24% growth YOY 8 BN Cash Flow (Q4 2010 annualized) Prices currently 20% higher* 47 BN equity value ARated, 25% debt/cap * Based on Brent, WTI and NYMEX gas…
  3. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 3
    Apaches Focus Return on Investment 2010 ROACE 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% A APA C D E F G H Peers displayed: Occidental, Anadarko, Devon, Chesapeake, EOG, Noble and Newfield. 4
  4. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 4
    Apaches Focus Strength in Balance, Reach Hydrocarbon Province Product, Market Argentina Permian 47 MBOE/D 86 MBOE/D N. America Central Liquids 43 MBOE/D 21% Gulf Coast N. America Egypt NatGas 20 MBOE/D 169 MBOE/D 33% Canada…
  5. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 5
    Apaches Focus Profitable Long Term Growth MBOE/D, Net 700 600 500 400 300 200 100 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 6
  6. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 6
    Build Tough Local Competitors Region Position Critical Mass Running Room (Q4 10 MBOE/D) (MM gross acres) GOM Shelf 1 113 3 Permian 2 86 3 Central 2 in Granite Wash 43 1 Canada 1 (joint) in Horn River 120 8 Egypt 1 in Western…
  7. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 7
    Predictable Success Making conventional E&P predictable through basin experience, scale, repeatability Large acreage provides years of running room APA Egypt Drill Success % APA GOM Shelf Drill Success % 100% 100% 90% 90% 80%…
  8. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 8
    Apache in 2011 1317% Production Growth Expected Expanded Opportunity Set in 2010 Kitimat LNG, Devon Shelf, Mariner, BP Permian+Canada+Egypt 2011 focus = integration, build inventory 7.5BN Initial Capital Program Significantly below…
  9. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 9
    Apache in 20122015 Robust MultiYear Growth Inventory: Base property exploitation 10 global regions Improved recovery 46 MM acres in proven basins Conventional exploration Repeatable, predictable Unconventional resource plays…
  10. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 10
    Region Highlight: Permian New Mexico 3 MM acres 86 MBOE/D (82% oil+NGLs) 2 industry player. Exposure to every play Texas 5,000 location inventory BP Permian integration ongoing (only Yeso included) Focus on disciplined…
  11. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 11
    Region Highlight: Central US Midcontinent Oklahoma 1 MM acres 43 MBOE/D Granite Wash growth driver: Texas 200 K acres 2 industry player 810+ rig program to 2015 Apache Growing opportunity: Hogshooter oil Unlocking other…
  12. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 12
    Region Highlight: Gulf of Mexico MS AL FL Louisiana Texas Gulf of Mexico Apache 1 position in the Shelf: Entry position in deepwater: 3 MM acres, 113 MBOE/D Multi100 MMBL oil discoveries: High IRR, quick payback Lucius,…
  13. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 13
    Region Highlight: Egypts Western Desert Alexandria Cairo Apache 11 MM acres, 169 Net MBOE/D Unparalleled technical success: Doubled production in 2005 to 2010 Target: grow 100 MBOE/D gross by 2015 14
  14. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 14
    Region Highlight: Australia Apache 3 in Carnarvon Basin Indian Ocean 8.5 MM acres: Prolific area Same size as GOM, 10% of wells 71 MBOE/D Project pipeline from exploration +54 KBOE/D by 2014 Continue to add through drillbit:…
  15. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 15
    Pricing Upside Australia Canada Argentina U.S. Egypt /MCF Asia LNG Asia LNG 8 7 Recent Contracts 6 Projects Authorized 5 Recent 4 Contracts 3 2 Q4 10 1 Realization 0 16
  16. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 16
    Portfolio Highlight: Asian LNG Wheatstone LNG (Australia) 8.9 MTPA Target FID 2011, first gas 2016 HOAs on 80% of throughput APA WI = 13% APA net = 37 KBOE/D Designed for expansion Kitimat LNG (Canada Pacific) 5 MTPA Target…
  17. Howard Weil 39th Annual Energy Conference – Apache Corp – slide 17
    Summary Returnsdriven, unique portfolio balance, financially disciplined 2011: 1317% production growth expected Restrained capital program Focus on consolidating enlarged opportunity set, balance sheet 2012 and beyond: Broad,…

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