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UBS Energy Conference – Apache Corp

Apache Corp · Aug 9, 2011 · 19 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. UBS Energy Conference – Apache Corp – slide 1
    A U S T R A L I A A R G E N T I N A C A N A D A E G Y P T N O R T H S E A U . S . C E N T R A L U . S . G U L F UBS Energy Conference and Tour Houston August 9, 2011
  2. UBS Energy Conference – Apache Corp – slide 2
    Outline 2Q 2011 summary Why Apache now 3
  3. UBS Energy Conference – Apache Corp – slide 3
    2Q 2011 Results 749 MBOE/D net Apache record Up 2% sequentially 1.2 BN net income 2nd best ever 2.6 BN cash flow Apache record 4
  4. UBS Energy Conference – Apache Corp – slide 4
    2Q 2011: Steady, Broad Based Progress Region 2Q Rigs Highlights Permian 24 Wolfcamp, horizontal redevelopment of WFs Central 10 Granite Wash, horizontal oil plays GOM Shelf 5 100% success on 6 wells Deepwater 0 Lucius test,…
  5. UBS Energy Conference – Apache Corp – slide 5
    2Q 2011: Financial Strength Capex: 2.0 BN Debt: 0.3 BN down (sequentially) Cash: 1.1 BN (up 750MM sequentially) ARated 23% debt/cap 6
  6. UBS Energy Conference – Apache Corp – slide 6
    Performance Across the Cycle AT Rate of Return on Drilling Program ROR /BOE 100 40% Drilling Capital ROR 90 35% WTI 80 30% 70 All Costs 25% ROR 60 20% HH 50 NatGas 40 15% 30 10% 20 5% 10 0% 0 2003 2004 2005 2006 2007…
  7. UBS Energy Conference – Apache Corp – slide 7
    Consistent Rate of Return Focus 2010 ROACE 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% A APA C D E F G H I J Peers displayed: Anadarko, Chesapeake, Devon, Encana, EOG, Newfield, Noble, Occidental and Talisman. 8
  8. UBS Energy Conference – Apache Corp – slide 8
    Strength in Balance, Reach Hydrocarbon Province Product, Market Argentina Permian 49 MBOE/D 92 MBOE/D Central N. America 45 MBOE/D Liquids Gulf Coast 21% Egypt N. America 159 MBOE/D 25 MBOE/D NatGas 34% Canada 127 MBOE/D…
  9. UBS Energy Conference – Apache Corp – slide 9
    Strength in Financial Discipline Debt / Cash Flow 2.25 2.00 1.75 1.50 1.25 1.00 0.75 0.50 0.25 0.00 A B C D E F G H APA I Peers displayed: Anadarko, Chesapeake, Devon, Encana, EOG, Newfield, Noble, Occidental and Talisman.…
  10. UBS Energy Conference – Apache Corp – slide 10
    1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 MBOE/D, Net 2004 2005 2006 2007 2008 Profitable Long Term Growth 2009 2010 11 Q2 2011 0 100 200 300 400 500 600 700 800
  11. UBS Energy Conference – Apache Corp – slide 11
    Structural Price Upside Australia Canada Argentina /MCF Asia LNG Asia LNG 8 Recent 8 8 Contracts Projects 7 7 7 Authorized 6 6 6 5 5 5 Recent 4 4 4 Contracts 3 Realization 3 3 2 before 2 2 1 Hedges 1 1 0 0 0 2Q11 Upside 2Q11 Upside…
  12. UBS Energy Conference – Apache Corp – slide 12
    Opportunity Set: A Broad Portfolio Permian CBP Horizontals Deepwater Heidelberg Australia Julimar/Wheatstone Eunice Area NM Exploration Zola Deadwood GC Onshore Gulf Coast Onshore Exploration Spraberry Canada Enhanced Oil Recovery…
  13. UBS Energy Conference – Apache Corp – slide 13
    Egypt: 2011 YTD Discoveries Limonite 1X Gamma 1X Ras Kanyes 8X Alexandria Neilos 1X Grenadier 1X WKANK 1X Tayim W 1X Ptolemy 1X Faghur N 1X Alpha 1X Neith N 1X Faghur S 1X Huni 1X Apollonia 3 Cairo NEAG C91A Siwa D 1X…
  14. UBS Energy Conference – Apache Corp – slide 14
    North Sea Forties: Largest oil field in UKCS Bacchus Doubled acquisition P1 reserves Beat production trend by 100% Forties Q2: best well in 20 years (12.6 MB/D) Large, refreshed drilling inventory 5060 MBO/D outlook next 3+…
  15. UBS Energy Conference – Apache Corp – slide 15
    Australia Apache Indian Ocean 3 acreage holder in Carnarvon Basin Development Projects Prolific area 2011 YTD Discoveries Similar size to GOM, 5% of wells Balnaves Deep1 Explorationdriven project pipeline Reindeer +50 MBOE/D net…
  16. UBS Energy Conference – Apache Corp – slide 16
    Permian 2 industry player New Mexico 3 MM gross acres, 92 MBOE/D net Strong free cash flow generator Diverse asset base, exposure to every play Texas Leading horizontal redevelopment of waterfloods Focus on disciplined…
  17. UBS Energy Conference – Apache Corp – slide 17
    Gulf of Mexico Mandy Bushwood EW 998 20 mi Wide Berth Balboa Apache Blocks Heidelberg 2011 DW Projects Lucius Major 12+ DW Projects 1 position in the GOM Shelf: Entry position in GOM deepwater: 695 OCS blocks, 109…
  18. UBS Energy Conference – Apache Corp – slide 18
    New Ventures: Examples Cook Inlet, Alaska Kenya, East Africa 1 acreage position in Cook Inlet: Deepwater oil exploration: 800K gross acres L8 Block: 1.3MM gross acres Targeting oil Oilprone hydrocarbon system: 3D survey…
  19. UBS Energy Conference – Apache Corp – slide 19
    Our Key Messages Today 2Q underlines strength of results, value of portfolio Focus unchanged: Rate of return Portfolio balance Balance sheet strength Profitable long term growth Structural price upside Robust multiyear growth…

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