Skip to main content Raymond James Investor Conference – Apache Corp Investor Presentation | Shale Experts
Loading...
Pm

Raymond James Investor Conference – Apache Corp

Apache Corp · Mar 7, 2011 · 24 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. Raymond James Investor 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 Raymond James Institutional Investors Conference March 7, 2011
  2. Raymond James Investor Conference – Apache Corp – slide 2
    Core Strategies Consistent, Profitable Growth: Portfolio of core focus areas Geological and geographical diversity Balanced commodity mix Conservative capital structure Expanding exploration and development potential Strategic…
  3. Raymond James Investor Conference – Apache Corp – slide 3
    A Growth Company Through the Years 3,000 800 Reserves Production 700 2,500 Production (Mboe/d) 600 Reserves (MMboe) 2,000 500 1,500 400 300 1,000 200 500 100 0 0 1992 1993 1994 1995 1996 1997 1998 1999…
  4. Raymond James Investor Conference – Apache Corp – slide 4
    Looking Ahead 2011 Doubledigit Production Growth Favorable Oil Price Realizations Point to Strong Financial Comparisons Building Balance Sheet Strength Debt reduction Divestitures of 1 Bn Integrate Our Enlarged Opportunity…
  5. Raymond James Investor Conference – Apache Corp – slide 5
    Portfolio Approach Underpins Our Strategy 4Q 2010 Production Argentina Record Production 47 Mboe/d GOM Shelf GOM DW 113 Mboe/d 7 Mboe/d Australia 71 Mboe/d Onshore 50% liquids 20 Mboe/d North Sea 53 Mboe/d 47% International…
  6. Raymond James Investor Conference – Apache Corp – slide 6
    Favorable Commodity Mix Production 50% Oil & 50% Natural Liquids Gas Commodity Balance History of balanced commodity mix 29% 33% Not chasing the latest trend N. A. Gas Intl Liquids Yearend reserves 44% Oil & NGLs Not all…
  7. Raymond James Investor Conference – Apache Corp – slide 7
    Favorable Commodity Mix Revenue Positive Price Exposure 17% Oil currently drives 76% of revenues N. A. Gas 7% Exposure to International Oil Markets 49% Intl Gas - 60% of Oil linked to Brent Intl Liquids - 30% of U.S. Oil linked…
  8. Raymond James Investor Conference – Apache Corp – slide 8
    Brent Premium Exposure Nymex WTI vs. Dated Brent 110 Crude Exposure 100 4Q Oil Production - 198,400 b/d priced off of Brent - 60% of total oil production /bbl 90 Positioned to increase oil realizations 80 2011 Strip*…
  9. Raymond James Investor Conference – Apache Corp – slide 9
    Strong Gas Fundamentals Internationally 8 Multiples International Gas Prices 33% of Apache gas production is abroad 6 5.00 Rising gas demand internationally 4.10 4.20 4 3.80 Argentina Gas Plus 3.60 10 Mmcf/d 4.10/MMbtu 53…
  10. Raymond James Investor Conference – Apache Corp – slide 10
    Apache Leads Gas Plus Market Gas Realization in New Contracts Gas Plus Sales Contracts (MMCF/D)* (/MMBTU) 70.0 7.50 63.6 7.00 60.0 6.50 6.00 50.0 25.0 5.50 5.00 40.0 4.50 4.00 3.50 30.0 3.00 28.0 2.50 5.00 20.0 2.00…
  11. Raymond James Investor Conference – Apache Corp – slide 11
    Finding Markets: LNG Developments Two Independent LNG Developments: Kitimat (Apache Operated 51% APA WI) Wheatstone (Chevron Operated 13% APA WI) Both slated for 2011 Final Investment Decision Provides Access to Intl Markets…
  12. Raymond James Investor Conference – Apache Corp – slide 12
    Cash Flow To Fund E&D Growth Free Cash Flow Capital Expenditures 2,000 8,000 7.5 Bn* 1,500 6,000 5.6 Bn 47% Intl 47% 1,000 4,000 Intl 500 2,000 53% 53% N.A. N.A. 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2010 2011 Est. 2009…
  13. Raymond James Investor Conference – Apache Corp – slide 13
    Balanced Capital Program 2010 Capex: 5.6 Bn 2011 Capex Est: 7.5 Bn* (000s) (000s) Prod. Prod. 1,000 750 NonDrill NonDrill Drilling 850 Drilling 750 2,500 3,400 Facilities Facilities 1,650 1,200 NV Expl NV Expl 600…
  14. Raymond James Investor Conference – Apache Corp – slide 14
    Conservative Financial Structure 50% Financial Capacity 40% Philosophy: Strong financial position enables us to act opportunistically Debt:Cap % 30% 25% Yearend Debt-to-Cap 24% Prior Year Over 11 Bn in 2010 Acquisitions…
  15. Raymond James Investor Conference – Apache Corp – slide 15
    Organic GrowthPlus Historical Reserve Replacement* 400 Acquisitions Drilling 300 Percent 200 100 0 2006 2007 2008 2009 2010 5Yr. Avg. * Before revisions APA_Raymond James March 7, 2011 16
  16. Raymond James Investor Conference – Apache Corp – slide 16
    Competitive Returns 2010 Cash Margin 15% 2010 ROCE 50 40 10% 30 /BOE 20 5% 10 0 0% A B C D E F G H I J A B C D E F G H I J APA APA Source: Company Yearend Filings. Peer group includes APC, CHK, DVN, ECA,…
  17. Raymond James Investor Conference – Apache Corp – slide 17
    Diversified Growth Potential Canada North Sea Central Permian Egypt Gulf of Mexico 1 Gulf of Mexico Shelf acreage portfolio Australia XXX Argentina 2011 Projected Growth Rate: 13%-17% APA_Raymond James March 7, 2011…
  18. Raymond James Investor Conference – Apache Corp – slide 18
    Building a Formidable Presence in Permian Basin Northwest Shelf Permian Shelf 2010 Horizontal Abo San Andres Waterfloods/CO2 Floods Spun out Permian into its own freestanding region Yeso/Empire Abo Successful testing of…
  19. Raymond James Investor Conference – Apache Corp – slide 19
    Gulf of Mexico Step Change NET 4Q PRODUCTION 452 MMcf/d gas 64 Mbbl/d liquids 140 Mboe/d 2010 2011 Devon and Mariner Acquisitions added significant Fresh drilling inventory on 5.3 million gross acres inventory and a strategic…
  20. Raymond James Investor Conference – Apache Corp – slide 20
    Canada High Grading Horn River Zama Apache 2010 BP 120 Mboe/d Net 4Q 2010; (82% NatGas, 18% Liquids) Drilled 29 horizontal wells in the Horn River shale gas Hamburg play and reached net production of 100 MMcf/d Alberta BP…
  21. Raymond James Investor Conference – Apache Corp – slide 21
    Egypt Moving Forward NET 4Q PRODUCTION 368 MMcf/d gas 108 Mbbl/d oil 169 Mboe/d 24 SGPL 2010 2011 Reached 2X Production goal in 5 years Active drilling planned with 23 rigs running; over 223 wells including 65…
  22. Raymond James Investor Conference – Apache Corp – slide 22
    Australia Project Pipeline Start FEED FID Project completion First oil or gas Greater East Spar Reindeer Coniston Van Gogh Julimar Halyard Pyrenees Balnaves Macedon Gas Oil APA_Raymond James March 7, 2011 23
  23. Raymond James Investor Conference – Apache Corp – slide 23
    2011 Development Projects Reindeer / Devil Creek APA_Raymond James March 7, 2011 24
  24. Raymond James Investor Conference – Apache Corp – slide 24
    Looking Ahead 2011 Doubledigit Production Growth Favorable Oil Price Realizations Point to Strong Financial Comparisons Building Balance Sheet Strength Debt reduction Divestitures of 1 Bn Integrate Our Enlarged Opportunity…

From the store

Browse maps, data & reports in the Shale Experts store