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HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp

Apache Corp · Mar 26, 2012 · 18 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 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 1
    HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE G. STEVEN FARRIS CHAIRMAN AND CEO MARCH 26, 2012
  2. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 2
    2011: GROWTH, FINANCIAL STRENGTH 748 MBOE/D net +14 % YOY (50% liquids) 10.2 BN* cash flow +39 % YOY 4.5 BN earnings +50 % YOY *Cash from operations before changes in operating assets and liabilities is a nonGAAP measure. For…
  3. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 3
    PROFITABLE LONGTERM GROWTH 850 2012: MBOE/D, Net 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…
  4. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 4
    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…
  5. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 5
    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%…
  6. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 6
    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…
  7. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 8
    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 Cleveland,…
  9. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 9
    MIDCONTINENT LIQUIDS PLAYS MANY WAYS TO WIN Apache Legacy Expansion in 2012 GRANITE WASH TONKAWA CLEVELAND MARMATON 20 mi 10
  10. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 10
    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…
  11. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 12
    EGYPT: ACTIVE DRILLING, STEADY GROWTH 2011 gross production: 12% growth on 2010 Added 3 rigs since January 2011 Current drilling rig locations (26) 13
  13. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY 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. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 15
    COOK INLET: LEAD POSITION IN OIL PLAY Proven oil+gas basin Not explored with modern 3D Apache 1 acreage holder: 800K acres (100% WI) Contrarian entry 201011 80 identified leads 70400 MMBOE potential 2012: 2 wells Target…
  16. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 16
    DEEPWATER KENYA: BILLION BOE TARGETS APAOperated Block L8 Prospects & Leads Mbawa Prospect Deepwater oil exploration 10 prospects/leads with 1 BN BOE potential 50% WI 2012 3D 32 miles Q3 2012: spud Mbawa1 Pmean 250 MM BOE…
  17. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 17
    NEW ZEALAND: UNCONVENTIONAL OIL East Coast Basin PEP 38348 Apache 2011/12 Seismic 1.7MM acres (50% WI*) Wells 3 & 4 Testing new onshore oil play concepts Proven hydrocarbon system Reservoir depths 3,0008,000 feet Expect source…
  18. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Apache Corp – slide 18
    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…

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