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HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp

Apache Corp · Mar 18, 2013 · 20 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 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 1
    HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE G. STEVEN FARRIS March 18, 2013
  2. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 2
    APACHE: PROFITABLE LONG TERM GROWTH MBOE/D, Net 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008…
  3. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 3
    APACHE: PROFITABLE LONG TERM GROWTH Production per Share (BOE/share) Reserves per Share (BOE/share) 0.75 9.00 0.60 7.50 6.00 0.45 4.50 0.30 3.00 0.15 1.50 0.00 0.00 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011…
  4. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 4
    APACHE: PROFITABLE LONG TERM GROWTH ROACE: 3 Year Average ROE: 3 Year Average 16% 16% 14% 14% 12% 12% 10% 10% 8% 8% 6% 6% 4% 4% 2% 2% 0% 0% OXY A APA APA NBL C DVN D APC E EOG F A OXY APA C DVN NBL D E EOG…
  5. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 5
    BUILT PORTFOLIO OF LEADING POSITIONS 1 driller in the Permian Basin 1 in Liard, Horn basins (10 BN BOE gross LNG resource) 1 independent operator in UK North Sea (Brent oil) 1 dom gas supplier in W. Australia by year-end (now 8/MCF)…
  6. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 6
    2012 IN REVIEW Strong growth +5.4% to 779 MBOE/D* Record cash flow 10.2 BN Financial discipline cash flow = capital Dividend growth +13% Strategic steps Doubled position in Anadarko Basin horizontal drilling plays. Decades of…
  7. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 7
    BALANCE = SUSTAINABLE RETURNS Production Distribution Revenue Distribution International International Liquids North America Liquids 26% Liquids 46% North America 27% Liquids International 35% Gas North America 17%…
  8. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 8
    BALANCE = SUSTAINABLE RETURNS Natural Gas Realization /MCF 6.00 While North America gas North America 5.00 markets suffer 4.00 50% increase in APAs 3.00 international gas International Before 2.00 Hedges realizations in…
  9. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 9
    2013 PLAN Strong growth 25% North America onshore liquids growth +3 to 5% BOE growth Build the future 2.2BN capex in long term projects (220 MBOE/D) Financial discipline cash flow = capital Dividend growth +18% 10
  10. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 10
    2013 ROADMAP TO VALUE GROWTH Accelerate North America liquids growth Build the future: Advance major projects 2 world class LNG hubs: Decades of oil-linked free cash flow visibility Grow our dividend Optimize our portfolio focus…
  11. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 11
    ACCELERATION OF NA LIQUIDS GROWTH LIQUIDS (NET BARRELS/DAY) NET BOE/DAY 120,000 180,000 Permian Central Permian Central 160,000 100,000 140,000 80,000 120,000 100,000 60,000 80,000 40,000 60,000 40,000 20,000 20,000 0…
  12. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 12
    PERMIAN BASIN: ACCELERATING GROWTH New Mexico Texas 2012 2013E Net MBOE/D 108 Production Growth +18% Liquids Growth +25% Production Replacement 262%* Midland 1P MMBOE 800 Capital Invested BN 2.3 2.4 Total Wells 781 700+…
  13. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 13
    WOLFCAMP SHALE: BUILDING ON 2012 SUCCESS Apache Wolfcamp Shale Summary Wolfcamp APA Gross Acres (000) 450 Shale APA Net Acres (000) 345 Horizontal Wells Drilled 2012 21 Horizontal Wells Planned 2013 90+ Drilling Locations 971…
  14. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 14
    CLINE SHALE: EXPANDING HORIZONTAL PROGRAM Apache Cline Shale Summary APA Gross Acres (000) 650 APA Net Acres (000) 520 Horizontal Wells Drilled 2012 6 Horizontal Wells Planned 2013 20+ Deadwood Drilling Locations 2,321 area…
  15. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 15
    ANADARKO BASIN: ACCELERATING GROWTH Kansas 2012 2013E Oklahoma 4Q Net MBOE/D 79 Sequential QoQ Growth +10% Texas Anadarko Basin Liquids Growth +24% Production Replacement 341%* 1P MMBOE 267 Capital Invested BN 1.1 1.4 Total…
  16. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 16
    REDUCING PLAY COSTS APA reducing drilling and completion costs through: New well designs New completion techniques Optimizing well spacing, lateral lengths and pad designs Recent cost reductions: Reduced Cline Horizontal drilling…
  17. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 17
    NORTH SEA: DELIVERING OIL UPSIDE 74 MBOE/D 4Q 2012 90% liquids (Brent pricing) 10/MCF gas realizations Doubled portfolio in 2012 through Mobil North Sea Performing on plan after completion of integration 4Q 12 In 2013: Drill…
  18. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 18
    AUSTRALIA: WORLD CLASS DEVELOPMENT PIPELINE 61 MBOE/D 4Q 2012 44% oil Gas now contracting at near 8/MCF 70+ BOE/D expected to come online over next 4 years with major projects including: Macedon 2013 Balnaves 2014 Coniston…
  19. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 19
    LNG DEVELOPMENT: MULTI-DECADE PROJECTS WHEATSTONE LNG (Australia) KITIMAT LNG (Canada) Construction underway First mover in Canada 1.25 BCF/D Phase 1 1.5 BCF/D Phase 1 First cargo 2016 Chevron partnership 4Q 12 Monetizes 11 TCF…
  20. HOWARD WEIL 41ST ANNUAL ENERGY CONFERENCE – Apache Corp – slide 20
    2013 ROADMAP TO VALUE GROWTH Accelerate North America liquids growth Build the future: Advance major projects 2 world class LNG hubs: Decades of oil-linked free cash flow visibility Grow our dividend Optimize our portfolio focus…

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