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GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp

Apache Corp · Jan 11, 2012 · 16 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. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 1
    GS GLOBAL ENERGY CONFERENCE 2012 INVESTOR MEETINGS JANUARY 11, 2012
  2. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 2
    3Q 2011 RESULTS 3
  3. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 3
    3Q 2011 RESULTS 752 MBOE/D net Apache record 983 MM net income Up 18 % YOY 1.2 BN* adjusted earnings Up 34 % YOY 2.7 BN cash flow Apache record * NonGAAP, Adjusted for FX impact on deferred taxes and the previously announced…
  4. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 4
    3Q 2011: FINANCIAL STRENGTH Capex: 1.88 BN Debt: Paid down 650 MM in 3Q ARated 20.5% debt/cap Down from 23% at end of 2Q11, and 25% at EOY 2010 5
  5. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 5
    6 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 MBOE/D, Net 2003 2004 2005 2006 PROFITABLE LONG TERM GROWTH 2007 2008 2009 2010 Q3 2011 0 100 200 300 400 500 600 700 800
  6. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 6
    CONSISTENT RATE OF RETURN FOCUS 14.0% 2010 ROACE 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 7
  7. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 7
    PERFORMANCE ACROSS THE CYCLE ROR AT Rate of Return on Drilling Program /BOE 100 40% Drilling WTI Capital ROR 90 35% 80 30% 70 25% All Costs 60 ROR 20% 50 HH NatGas 40 15% 30 10% 20 5% 10 0% 0 2003 2004 2005 2006…
  8. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 8
    STRENGTH IN BALANCE, REACH Hydrocarbon Province Product, Market Argentina Permian 50 94 MBOE/D MBOE/D N. America Central Liquids 47 MBOE/D 21% N. America Egypt Gulf Coast 166 25 NatGas MBOE/D MBOE/D 33% Canada 122 MBOE/D…
  9. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 9
    DRIVEN BY A UNIQUE CULTURE Relentless pursuit of opportunity Sense of urgency Empower Apaches to make decisions that create value Independent thinking: dont follow the herd Balanced, financiallyconservative 10
  10. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 10
    GENERATE VALUE ACROSS THE E&P SPECTRUM Broad capability set, long track record of operational delivery enable balanced value creation for Apache North America Egypt Australia North Sea Argentina W. Australia Exploration GOM, WCSB…
  11. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 11
    STRUCTURAL PRICE UPSIDE /MCF Australia Canada Argentina Asia LNG Asia LNG 8 Recent 8 8 7 Contracts 7 7 Projects 6 6 6 Authorized 5 5 5 4 4 4 3 Recent 3 3 Contracts 2 2 2 1 1 1 0 0 0 3Q11 Upside 3Q11 Upside 3Q11 Upside…
  12. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 12
    3Q 2011: STEADY, BROAD BASED PROGRESS Region 3Q Rigs Highlights Permian 24 132 new wells; horizontal redevelopment of Deadwood Central 9 18 new wells; Granite Wash, horizontal oil plays, Bivins Ranch new venture play GOM Shelf 5…
  13. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 13
    EXPLORATION: PORTFOLIO HIGHLIGHTS Egypt: Continued conventional success, launching unconventionals Australia: LNG as additional market GOM: Deepwater oil Gulf Coast: New exploration focus, seismic driven Central: Oil plays…
  14. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 14
    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…
  15. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 15
    RECENT UPDATES & UPCOMING EVENTS 12/15/2011 Lucius DW Project Sanctioned 12/19/2011 APA announces plans to buy 65% stake in Burrup Fertilisers Plant 12/31/2011 APA acquisition of XOM N Sea assets closes 2/16/2012 2011 Q4 & Year…
  16. GOLDMANSACHS GLOBAL ENERGY CONFERENCE – Apache Corp – slide 16
    OUR KEY MESSAGES TODAY 3Q underlines strength of operations, 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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