BARCLAYS CALGARY INVESTOR TOUR TIM WALL, PRESIDENT APACHE CANADA JUNE 5, 2012
1ST QUARTER 2012 RESULTS Production: 769 MBOE/D net Up 7% YOY* (50% liquids) Earnings: 1.2 BN** Up 4% YOY Cash Flow: 2.6 BN** Up 18% YOY Reserves: 3 BN BOE Alltime high (46% liquids) Reserves are yearend 2011. * Adjusted…
PROFITABLE LONGTERM GROWTH MBOE/D, Net 850 2012: 800 713% Growth 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 4 CAGR = 19922011. Projected 2012 Production growth = 5095 MBOE/D based on continuing…
APACHE HAS NEVER BEEN STRONGER Production per Share (BOE/share) Reserves per Share (BOE/share) 0.75 9.00 0.60 7.50 6.00 0.45 4.50 0.30 3.00 0.15 1.50 0.00 0.00 Earnings per Share (/share) * 12.00 10.00 8.00 6.00 4.00…
COMPETITIVE PER SHARE RESULTS Earnings per Share % CAGR, 2006 2011 % CAGR, 2006 2011 12% 8% 4% NM 0% 4% 8% 12% A APA B P/CF:C D E 6 Peers displayed: Anadarko, Chesapeake, Devon, EOG, Occidental. Source of cash flow…
MAINTAINING FINANCIAL DISCIPLINE 2011 Net Debt / EBITDA 5.0 2011 Net Debt/EBITDA 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 APA Source: Goldman Sachs. Peer companies in group displayed: Anadarko, Berry, Bill Barrett, Cabot,…
INDEPENDENT THINKING + RETURNS FOCUS Pursued our path of profitable, balanced growth while the industry charged into North America gas Positioned to grow, capture opportunities 1Q12 Production+Cordillera* 1Q12 Revenue By Index…
INCREASING EMPHASIS ON NORTH AMERICA MBOE/D 450 434 400 Canada 357 350 310 Argentina 300 276 GOM Deepwater Argentina North Sea 250 Canada GOM Shelf North Sea 200 GOM Deepwater Australia GC Onshore Australia 150 GOM Shelf…
CANADA MOVING FROM GAS TO OIL AND BEYOND Apache Canada has a diverse portfolio which includes oil, liquid rich natural gas and gas. Our land positions are perfect for enhancing our oil plays. Ensuring that we maintain a solid…
CANADA: VAST RESOURCE OPPORTUNITIES Apache Canada at a glance Estimated proved reserves at YE 2011: 173 MMboe; 3.5 Tcf; 26% of APAs total Gross acreage: 7.5 million Annual production: 45.9 Mmboe (125.6 Mboepd); 17% of APAs total…
PROGRESS LOOKING BACK, LOOKING AHEAD 2011 Canada Highlights Drilled or participated in 143 wells, including horizontal wells with multistage fracturing in the Bluesky, Montney and Glauconite formations Identified emerging…
ALBERTA OIL PLAYS Dunvegan Oil Prograding deltaic sandlobes 20+ Current locations Competitor HZ drilling began 3Q 2011 Participated in two nonop wells First operated well to spud 3Q 2012 13
ALBERTA OIL PLAYS 14
ALBERTA OIL PLAYS Viking Oil 10 mmboe estimated in place/section 7.5 mmboe estimated net reserves Large Areal extent New play early entry Inventory: 40 wells licensed in Modeled Production Performance 1,000 2012 2800m HZ 28…
CONSORT Sparky program 2012 plan: 32 wells 31 HZs and one vertical Estimated IP: 80 bopd EUR: 125 Mbbls 2013 plan: EW Delineation Working additional land acquisition in trend area 16
GLOBAL LNG: DECADES OF PORTFOLIO VISIBILITY Asian LNG Importers Kitimat LNG 5 MTPA / train (700 MMCF/D) Apache operator (40% WI) Export license awarded First cargo target 2016 Multi train expansion potential Wheatstone…
KITIMAT LNG At 54 north, Kitimat is one of North Americas closet ports to Asian markets. Kitimat-Tokyo 3,900 nm Los Angeles-Tokyo 4,800 nm Project Facilities: Shipping: 1.4 bcf /day of feed Well-developed local gas available…
APACHE PROGRESS REPORT: SUMMARY MESSAGE Focus unchanged: Rate of return Portfolio balance Balance sheet strength Profitable long term growth Advantaged by financial strength, unique balance Robust multiyear growth inventory…
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