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BAIRD & CO INVESTOR CONFERENCE – Apache Corp

Apache Corp · May 8, 2012 · 16 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. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 1
    BAIRD & CO INVESTOR CONFERENCE BOB DYE SENIOR VICE PRESIDENT MAY 8, 2012
  2. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 2
    WHY APACHE NOW Consistent delivery of strong financial results Unrelenting focus on rates of return Benefitting from highmargin product mix (Oil) Planned ramp up of drilling activity and capital Future production visibility via…
  3. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 3
    1ST QUARTER 2012 RESULTS 769 MBOE/D net Up 7% YOY* (50% liquids) 1.2 BN adjusted earnings** Up 4% YOY 2.6 BN cash flow** Up 18% YOY 3 BN boe in 2011 YE reserves Alltime high (46% liquids) * Adjusted for divestments **Cash…
  4. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 4
    PROFITABLE LONGTERM GROWTH MBOE/D, Net 850 2012: 800 713% Growth 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006…
  5. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 5
    INDEPENDENT THINKING + RETURNS FOCUS Pursued our path of profitable, balanced growth while the industry charged into North America gas Have the portfolio+financial strength many peers now seek to build Advantaged to grow, capture…
  6. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 6
    NORTH AMERICAN GROWTH ENGINES: PERMIAN BASIN 2nd largest operator Deadwood 3 million acres (1.5 million net) 2011: 7,000+ locations across plays 2012: 1.7BN capital (up 40%) 30 rigs, 600+ wells: Wolfcamp 300+ CO2 EOR 70+…
  7. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 7
    8 2,000 4,000 6,000 8,000 0 10,000 12,000 Oil MB/D Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10…
  8. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 8
    NORTH AMERICAN GROWTH ENGINES: CENTRAL REGION (ANADARKO BASIN) Our heartland since 1954 Apache Legacy Expansion in 2012 Cordillera acquisition doubles our position to 2.2 million gross acres (1.0 mm net) 2012 Planned Activity…
  9. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 9
    INTERNATIONAL HIGHLIGHTS: NORTH SEA Acquired Mobil North Sea Limited (Beryl) and a nonoperated interest in the Nelson field in 2011* Q1 2012 production up 67% YoY, 41% sequentially with plans for continued ramp up Forties…
  10. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 10
    INTERNATIONAL HIGHLIGHTS: ARGENTINA 1.7 MM APA acres in Vaca Muerta 650,000 APA acres in oil fairway In 201011, Apache led new gas development in the basin: Now 89 MMCF/D Gas Plus at 4.94/MCF 2012: oil window drilling (Q3Q4)…
  11. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 11
    MAJOR DEVELOPMENT PROJECTS Net First Project Region MBOE/D Production Forties Alpha Satellite Platform North Sea 12 2012 Hydra Egypt 12 2013 Coniston Australia 11 2013 Macedon Australia 10 2013 Greater East Spar II Australia 5…
  12. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 12
    GLOBAL LNG: DECADES OF PORTFOLIO VISIBILITY Asian LNG Importers Kitimat LNG 5 MTPA / train (700 MMCF/D) Apache operator (40% WI) Export license awarded Train 1 FID expected 2012 First cargo target 2016 Multi train expansion…
  13. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 13
    EFFECTIVE EXPLORER New Field Exploration IRR 20012010 80% Apache 70% 60% 50% 40% 30% 20% 10% 0% Peers displayed (listed alphabetically): Anadarko, BG, BP, BHP Billiton, Chevron, ConocoPhillips, Eni, ExxonMobil,…
  14. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 14
    2012 EXPLORATION: OPENING NEW PLAYS Alaska Cook Inlet New Canada Oil/liquids Plays 2 wells Developing within our 6 MM acres Seismic campaign North Sea Tryfan, Seagull N. Canyon Wash Egypt Stratigraphic Egypt Paleozoic Pursuit…
  15. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 15
    OUR MESSAGES TODAY North America: 60% expansion increases our opportunities Permian, Midcontinent liquids plays 7 13% production growth projected in 2012 Advantaged by financial strength, unique balance Global LNG: decades of…
  16. BAIRD & CO INVESTOR CONFERENCE – Apache Corp – slide 16
    QUESTIONS

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