APACHE NORTH AMERICA: + 60% IN 2 YEARS MBOE/D Jan 2010 Jan 2012* 800 6% Argentina 700 20% Egypt 600 7% 9% Australia 500 29% 12% North Sea 400 1% Deepwater 8% 13% GOM Shelf 300 10% 16% Canada 200 17% 4% GC Onshore 12% 8%…
PERMIAN BASIN: EXPANDING OUR UPSIDE 2nd largest operator 3 million acres (1.5 million net) 2011: 7,000+ locations across plays 2012: 1.7BN capital (up 50%) 30 rigs, 600+ wells: Wolfcamp 300+ CO2 EOR 70+ Conventional…
MIDCONTINENT LIQUIDS PLAYS DOUBLING OUR POSITION Our heartland since 1954 Cordillera doubles our position to 2.1 million acres (0.9 mm net) * 2012: 800MM capital (up 60%) 22 rigs ** 230+ wells Granite Wash 100+ 20 mi…
MIDCONTINENT LIQUIDS PLAYS MANY WAYS TO WIN Apache Legacy Expansion in 2012 GRANITE WASH TONKAWA CLEVELAND MARMATON 20 mi 8
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…
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,…
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…
VACA MUERTA SHALE 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) 5+ recompletions…
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…