6 APACHES PORTFOLIO Diversified Growth Potential Canada North Sea Permian Central Gulf Coast Gulf of Mexico Egypt Australia Argentina
7 APACHES PORTFOLIO Strength in Balance, Reach Argentina 44 MBOE/D Permian 84 MBOE/D Central 42 MBOE/D 732 MBOE/D Egypt Gulf Coast 171 MBOE/D 22 MBOE/D 49% Oil, 51% Gas 55% North America, Canada 128 MBOE/D 45%…
8 APACHE TODAY & BEYOND Driver: Relentless Pursuit of Opportunity 1317% Expected Production Growth in 2011 Robust MultiYear Growth Inventory: 10 global regions 46 MM acres in proven basins Repeatable, predictable Diversified…
9 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 PERMIAN: Doubling our Position EXPANDED REGION FOOTPRINT 2010 PRODUCTION OVER 3 MILLION GROSS ACRES MBOE/D MARINER Texas MERGER 85 CLOSES New Mexico 80 75 70 BP PERMIAN…
10 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 CENTRAL: Transforming Apaches 1st Region EXPANDED REGIONAL FOOTPRINT TRANSITION FROM VERTICAL TO HORIZONTAL 1 MILLION GROSS ACRES IN PROVED BASINS APACHE RIGS 18 Kansas 16 14…
11 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 GOM SHELF: Inventory Recharged LEGACY APACHE NEW: MARINER NEW: DEVON YE2009 Growth YE2010 % Growth TOTAL BLOCKS 405 +290 695 +42% NET ACRES (MM) 1.2 +0.9 2.1 +43% PLATFORMS…
12 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 DEEPWATER: New Region for Value Creation MS AL FL NEAR TERM OPPORTUNITIES Louisiana Mandy APACHE BLOCKS DEVELOPMENT PROJECTS Mitchell EXPLORATION PROSPECTS Bimini Texas…
13 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 GULF COAST ONSHORE: The Start of Something Big Mississippi New focus area with dedicated region team Texas 790,000 net acres Louisiana (1/3 fee acreage) 22 MBOE/D (45% liquids)…
14 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 CANADA: Expanded Footprint, Move into Premium LNG Markets EXPANDED REGIONAL FOOTPRINT 8 MILLION GROSS ACRES ACROSS VARIOUS PLAYS GAS MONETIZATION VIA KITIMAT LNG Horn River 10…
15 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 AUSTRALIA: Expanded Footprint, Gas Monetization EXPANDED REGIONAL FOOTPRINT ACCESS TO MARKETS INCREASED GROSS ACREAGE BY 40% IN 2010 Julimar / Wheatstone LEGACY APACHE New LNG export…
16 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 EGYPT: Doubled Production in 5 Years ACHIEVED 2X PRODUCTION GOAL IN JUNE 2010 EXPANDED FOOTPRINT BOE/D gross UNLOCKING VAST RESOURCE POTENTIAL 2X 326,076 350,000 BOEPD 300,000…
17 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 NORTH SEA: Doubled Forties Reserves as of Acquisition FORTIES FIELD PRODUCTION BO/D 75,000 APACHE 70,000 65,000 Now: 60,000 68 MBO/D 55,000 50,000 45,000 40,000 35,000 30,000 25,000…
18 OUR RELENTLESS PURSUIT OF OPPORTUNITY IN 2010 ARGENTINA: Unlocking New Resources at Premium Prices GAS PLUS SALES CONTRACTS UNCONVENTIONAL GAS FOOTPRINT MMCF/D 1.7 MILLION ACRES IN NEUQUEN SHALE GAS FAIRWAY 80 75 4.93/MCF 70…
19 APACHES PORTFOLIO Diversified Growth Potential APACHE TODAY Reserves 2,953 MMBOE Canada North Sea Production 732 MBOE/D Permian Central Gulf Coast Gulf of Mexico Egypt Australia Argentina
20 STILL A SMALL COMPANY RESERVE COMPARISON EXXON Argentina North Sea BP Australia U.S. Onshore Egypt APACHE Gulf of Mexico CONOCO Canada SHELL TOTAL CHEVRON
21 THE OPPORTUNITY AHEAD OF US 2000 2010 Argentina North Sea Australia Australia U.S. Onshore Egypt U.S. Onshore Egypt Canada Gulf of Mexico Gulf of Mexico Canada 1,086 MMBOE 2,953 MMBOE 260 MBOE/D 658 MBOE/D
22 THE OPPORTUNITY AHEAD OF US 1990 2000 2010 Argentina North Sea Australia Australia U.S. Onshore GOM Egypt U.S. Onshore Egypt Onshore Canada Gulf of Mexico Gulf of Mexico Canada 106 MMBOE 1,086 MMBOE 2,953 MMBOE…
23 OUR DIRECTION 1990 2000 2010 BEYOND 250 200 Argentina SHARE PRICE () North Sea 150 Australia Australia U.S. Onshore GOM Egypt U.S. Onshore 119.23 Egypt Onshore 100 Canada Gulf of Mexico Gulf of Mexico Canada…
24 PEOPLE MAKE THE DIFFERENCE
25 KEY ATTRIBUTES FOR APACHE LEADERS Fire in the belly Working managers Sound judgment and emotional maturity Sees the big pictures and translates into action Focus on team accomplishments over personal gain Lead by example be an…
26 OUR DIRECTION 1990 2000 2010 BEYOND 250 200 Argentina SHARE PRICE () North Sea 150 Australia Australia U.S. Onshore GOM Egypt U.S. Onshore 119.23 Egypt Onshore 100 Canada Gulf of Mexico Gulf of Mexico Canada…