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JOHNSON RICE ENERGY CONFERENCE – Apache Corp

Apache Corp · Oct 2, 2012 · 25 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. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 1
    CENTRAL REGION ROB JOHNSTON VICE PRESIDENT JOHNSON RICE ENERGY CONFERENCE
  2. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 2
    APACHES PROFITABLE LONG-TERM GROWTH MBOE/D, Net 850 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2012E 1994 2002 1992 1993 1995 1996 1997 1998 1999 2000 2001 2003 2004…
  3. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 3
    SAME STORY TOLD ANOTHER WAY 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 Cash Flow per Share (/share) Adjusted Earnings per Share (/share)…
  4. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 4
    DIVERSE PORTFOLIO MITIGATES VOLATILITY 2Q Production Breakout By Product 2Q Revenue Breakout By Product 27% 23% 35% 49% 19% 31% 8% 8% International Liquids International Natural Gas North American Liquids North American…
  5. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 5
    REGION HIGHLIGHTS Region Current Rigs Recent Highlights Gas Plus program: 7 wells reached TD and 9 completed Permian 34 187 wells added Q2: 167 vertical / 20 horizontal, production surpassed 100,000 BOPD Central 23 28 operated wells…
  6. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 6
    TIME TO DRILL Grow through the drill bit Leverage expanded U.S. onshore position 67,000 locations, 9.2 BN BOE Multi-year outlook: 6-9% production growth per share, with upside Living within our means Global exploration:…
  7. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 7
    APACHE REGION SUMMARY AS OF 2Q 2012 CENTRAL 2Q PRODUCTION: 55,165 MBOE/D (29% LIQUIDS) CENTRAL 7% NORTH SEA 10% PERMIAN 13% GC ONSHORE 3% EGYPT 20% GC SHELF 13% AUSTRALIA 9% ARGENTINA CANADA GC DEEP 6% 17% 2%…
  8. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 8
    APACHE CENTRAL POSITIONED FOR HORIZONTAL LIQUIDS GROWTH 55.2 MBOE/D net in Q2 12 Kansas (+42% production YOY) 1.9 million acres (1.1 million net) Anadarko Basin Texas Apaches first region: 5 decade track record, experience…
  9. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 9
    ANADARKO BASIN BENEFIT FROM OVER A MILE OF STACKED PAY FORMATIONS Texas Panhandle Central Oklahoma Generalized Cross-Section of Anadarko Basin 10
  10. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 10
    ANADARKO BASIN STACKED OPPORTUNITIES Apache Elk City 1-23 9,500 Tonkawa Cottage Grove 10,000 Hogshooter 10,500 Checkerboard 11,000 Cleveland 11,500 Marmaton Granite Wash Caldwell 12,000 Granite Wash A Granite Wash B…
  11. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 11
    CURRENT PLAY INVENTORY Known Locations to Drill 32,546 Net MMBOE 5,395 % of MMBOE PUD 1.5% Granite Wash Oklahoma Tonkawa Locations 22,823 Locations 2,795 Net MMBOE 4,535 Net MMBOE 202 Texas Cleveland Marmaton Locations…
  12. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 12
    TRANSITION TO HORIZONTAL DRILLING 10% OF WELLS NOW = 67% OF PRODUCTION APA Rigs per Month APA Net Operated MBOE/D 26 60 24 55 22 50 20 45 18 40 16 35 14 30 Horizontal 12 25 10 20 8 Vertical Vertical Horizontal 15 6 4…
  13. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 13
    EXECUTING OUR GROWTH STRATEGY CENTRAL REGION 23 rigs currently running, up 4 from Q2 average Quarterly Production Since 2010 60 + 59% Liquids Natural Gas 50 MBOE/D, Net 40 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1…
  14. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 14
    GRANITE WASH CONSISTENCY, OUTSTANDING ECONOMICS, RUNNING ROOM Wright 151 2H Granite Wash B Young Trust 4 4H Granite Wash A Acres (000) 718 (349 net) 30-day IP BOE/D 2,489 30-day IP BOE/D 4,729 EUR MBOE 1,753 EUR MBOE 993 Net…
  15. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 15
    GRANITE WASH ECONOMICS, RECENT WELLS Drilling Inventory Economics Recent Well Highlights BOE/D 1,400 Smith 1-17H Simon 1-11H 1,200 Granite Wash C Granite Wash C 30-day IP BOE/D 2,683 30-day IP BOE/D 2,271 1,000 EUR MBOE 2,583 EUR…
  16. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 16
    TONKAWA GENERATING OIL FROM A BYPASSED FORMATION Lockhart B 405HB 30-day IP BOE/D 317 Leddy 1-19HB 30-day IP BOE/D 531 Acres (000) 634 (310 net) EUR MBOE 218 EUR MBOE 435 Net MBOE/D (April) 6.8 2012 New Wells 54 Drilling…
  17. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 17
    TONKAWA ECONOMICS, RECENT WELLS Drilling Inventory Economics Recent Well Highlights BOE/D 400 Calvert 1-22HB ODWC 1-6HB Williams 1-13HC 30-day IP BOE/D 400 30-day IP BOE/D 750 30-day IP BOE/D 1,312 350 EUR MBOE 350 EUR MBOE 535 EUR…
  18. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 18
    CANYON WASH APACHE-LED EXPLORATION WASH PLAY Cheyenne Creek 30-day IP BOE/D 1,875 Acres (000) 141 (93 net) EUR MBOE 1,452 Net MBOE/D (April) 0.6 2012 New Wells 15 Existing Drilling Inventory 1,016 Locations 61 sq mi 3D 101…
  19. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 19
    CANYON WASH ECONOMICS, RECENT WELLS Drilling Inventory Economics Recent Well Highlights BOE/D 400 Bivins-LIT 28-2 30-day IP BOE/D 315 350 EUR MBOE 200 300 250 200 Bivins-LIT 3-2 150 30-day IP BOE/D 1,001 EUR MBOE 736 100 50…
  20. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 20
    BIVINS RANCH PAINT RIDGE Bivins-LIT 401 Well Bivins-LIT 28 2 30-day IP Bivins-LIT 4 3 300 BO & 123 MCF 30-day IP 117 BO & 115 MCF Boys Ranch 116 4 Completing Bivins-LIT 115 1 30-day IP Bivins-LIT 4 5 161 BO & 97 MCF 30-day…
  21. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 21
    APACHE 2012 LIQUID RICH GAS COMPLETIONS Well Name WI County Formation TVD IP(30 Day Ave) Madole 1-18H 55.8 Beckham GW Marm D 12,960 8,837 Mcfd + 1,096 Bopd Tyler 56 6 100 Wheeler GW B 13,466 8,365 Mcfd + 516 Bopd Stiles 11-24H 90.0…
  22. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 22
    APACHE 2012 OIL COMPLETIONS Well Name WI (%) County Formation TVD IP(30 Day Ave) Stiles 12-1H 90.0 Wheeler Cottage Grove 10,530 1,787 Bopd + 1,927 Mcfd Bivins-Lit 115 5 73.5 Oldham Canyon GW 9,174 1,210 Bopd + 1,110 Mcfd Stiles 24-68H…
  23. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 23
    CENTRAL REGION 2012 DRILLING HIGHLIGHTS Baker 5-15H Cherokee 427 BOPD, 500 MCFD Adams 137 4H Cleveland 295 BOPD, 274 MCFD Ramsey 58-15H Baumann 394 3H Karen 1-15HD GWB Cleveland Tonkawa 208 BOPD, 5746 MCFD 182 BOPD, 1726…
  24. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 24
    MIDCONTINENT LIQUIDS: DELIVERING UPSIDE Net MBOE/D 25 Operated Rigs (Bar) 70 (Line) 60 20 Cordillera 50 Closing 15 40 30 10 20 5 10 0 0 2010 2011 2012E 25
  25. JOHNSON RICE ENERGY CONFERENCE – Apache Corp – slide 25
    GROWTH ACCELERATION UNDERWAY WILL EXIT 2012 WITH 3X OUR 2011 HORIZONTAL RIGS Net MBOE/D 180 160 Other Canyon Wash 140 Cleveland Marmaton 120 Tonkawa 100 80 Granite Wash 60 40 20 Production Base 0 2011 2012E 2013E 2014E…

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