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Credit Suisse 2012 Energy Summit – Apache Corp

Apache Corp · Feb 7, 2012 · 17 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. Credit Suisse 2012 Energy Summit – Apache Corp – slide 1
    CREDIT SUISSE 2012 ENERGY SUMMIT PATRICK CASSIDY DIRECTOR OF INVESTOR RELATIONS FEBRUARY 7, 2012
  2. Credit Suisse 2012 Energy Summit – Apache Corp – slide 2
    OUR KEY MESSAGES TODAY Apaches Focus unchanged: Rate of return Portfolio balance Balance sheet strength Profitable longterm growth Robust multiyear growth inventory: The value of a rich portfolio: we have many ways to win…
  3. Credit Suisse 2012 Energy Summit – Apache Corp – slide 3
    4 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
  4. Credit Suisse 2012 Energy Summit – Apache Corp – slide 4
    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 5
  5. Credit Suisse 2012 Energy Summit – Apache Corp – slide 5
    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…
  6. Credit Suisse 2012 Energy Summit – Apache Corp – slide 6
    APACHES PORTFOLIO EVOLUTION MBOE/D Jan 2010 Jan 2012 Combined 798 800 6% Argentina 700 Egypt 20% 588 600 7% 9% Australia 500 12% North Sea 29% 1% Deepwater 400 8% 13% GOM Shelf 300 10% 16% Canada 200 17% 4% GC Onshore…
  7. Credit Suisse 2012 Energy Summit – Apache Corp – slide 7
    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…
  8. Credit Suisse 2012 Energy Summit – Apache Corp – slide 8
    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…
  9. Credit Suisse 2012 Energy Summit – Apache Corp – slide 9
    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…
  10. Credit Suisse 2012 Energy Summit – Apache Corp – slide 10
    EXPLORATION: PORTFOLIO HIGHLIGHTS GOM: Deepwater oil Gulf Coast: New exploration focus, seismic driven Central: Oil plays Australia: LNG as additional market Canada: Unconventionals Egypt: Continued conventional success,…
  11. Credit Suisse 2012 Energy Summit – Apache Corp – slide 11
    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…
  12. Credit Suisse 2012 Energy Summit – Apache Corp – slide 12
    RECENT UPDATES & UPCOMING EVENTS 12/15/2011 Lucius GOM DW project sanctioned 12/19/2011 APA announces plans to buy 65% stake in Burrup Fertilisers Plant 12/31/2011 APA acquisition of XOM North Sea assets closes 1/23/2012 APA…
  13. Credit Suisse 2012 Energy Summit – Apache Corp – slide 13
    NORTH SEA ACQUISITION HIGHLIGHTS Acquisition of Mobil North Sea LLC closed 12/31/2011 Grows APAs North Sea business materially: Production up 54% P1 Reserves up 44% Asset performance: Net Production: 28,602 BOE/D 1H 2011 (66% oil…
  14. Credit Suisse 2012 Energy Summit – Apache Corp – slide 14
    CORDILLERA ACQUISITION HIGHLIGHTS 254,000 net acres in a prolific fairway COMPOSITE FAIRWAY Liquidsrich stacked pays 60 productive horizons across 5,000+ of section 14,000 potential locations 50% held production Opportunity to purchase…
  15. Credit Suisse 2012 Energy Summit – Apache Corp – slide 15
    3Q 2011 RESULTS Performance 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 Continued Financial Strength: Q3 Capex: 1.88 BN Debt: Paid…
  16. Credit Suisse 2012 Energy Summit – Apache Corp – slide 16
    SUMMARY Focus unchanged: Rate of return Portfolio balance Balance sheet strength Profitable long term growth Structural price upside Robust multiyear growth inventory: The value of a rich portfolio: we have many ways to win…
  17. Credit Suisse 2012 Energy Summit – Apache Corp – slide 17
    QUESTIONS

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