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EUROPEAN INVESTOR PRESENTATION – Apache Corp

Apache Corp · Jun 10, 2013 · 27 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. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 1
    EUROPEAN INVESTOR PRESENTATION JUNE 10 to 13, 2013
  2. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 2
    TRACK RECORD OF LONG-TERM GROWTH THE EVOLUTION OF APACHES PORTFOLIO N.A. Onshore Liquids MBOE/D, Net Expansion 850 800 Continued International 750 Expansion 700 650 600 550 500 First 450 International Entry 400 350 300…
  3. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 3
    THE EVOLUTION OF APACHES PORTFOLIO LIFE CYCLES Beginning End % Time Frame Life Cycle Description (MBOE/D) (MBOE/D) Increase 1993 to 1997 First International Entry 86 170 +98% - Egypt, Canada and Australia 1999 to 2003 Continued…
  4. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 4
    PROFITABLE LONG TERM GROWTH 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 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012…
  5. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 5
    TOP TIER RETURNS THREE YEARS ENDED 12/31/2012 ROACE: 3 Year Average ROE: 3 Year Average 16% 16% 14% 14% 12% 12% 10% 10% 8% 8% 6% 6% 4% 4% 2% 2% 0% 0% OXY A APA APA NBL C DVN D APC E EOG F A OXY APA C DVN NBL…
  6. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 6
    2012: ANOTHER STRONG YEAR Record Production: 779 MBOE/D (+5.4%)* Adjusted earnings: 3.8 BN** Cash flow: 10.2 BN*** Production replacement: 131%**** Dividend growth: +13% * Adjusted for dispositions ** Adjusted earnings…
  7. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 7
    PORTFOLIO OF LEADING POSITIONS Growing through the drillbit: 2 driller onshore U.S. (over 70 rigs) 1 in Permian Basin (42 rigs/17 Hz) 2 in Anadarko Basin (28 rigs/26 Hz) 1 Independent operator in UK North Sea (Brent oil) 1…
  8. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 8
    2013 PLAN: GROWTH THROUGH DRILLING Strong growth: 25%+ NA onshore liquids growth 4.6 Bn capex (55% of E&D total) Drill over 1,000 gross wells 3% to 5% Boe growth Build the future: 2.2 Bn capex for project development 700MM for…
  9. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 9
    ACCELERATION OF N.A. LIQUIDS GROWTH LIQUIDS (NET BARRELS/DAY) NET BOE/DAY 140,000 250,000 Permian Central 129 Permian Central 120,000 206 200,000 100,000 80,000 150,000 60,000 89 100,000 39 40,000 50,000 20,000 0 0…
  10. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 10
    RESOURCE BASE: VISIBLE, PREDICTABLE UPSIDE* PREDOMINANTLY ONSHORE NORTH AMERICAN LIQUIDS Proved Reserves + Proved Reserves Permian / Central Resources 2.9 BBOE 11.7 BBOE Canada Argentina Australia Canada North Sea 5%…
  11. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 11
    PERMIAN BASIN RAMPING UP HORIZONTAL DEVELOPMENT New Mexico Texas Resource Summary* Acreage: Gross 3.5 MM Net 1.6 MM Net Resources 3.8 Bboe Midland Identified Locations 34,518 2012 Highlights 108 Mboe/d Net Production 20 mi…
  12. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 12
    PERMIAN OIL: DELIVERING GROWTH MBOE/D Avg. Op. (Bar) Rigs (Line) 120 40 2013 Plans Mariner 35 1Q13 Production 119.4 Mboe/d 100 Closing BP Closing 30 E&D Capital 2.4B 80 APA Permian Average Rigs 34 Region 25 Established…
  13. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 13
    MIDLAND BASIN VERTICAL DEADWOOD: IMPACTIVE GROWTH Production up 8.4x to 25.4MBOE/D Wolfwood and Fusselman vertical plays Developing 40 ac. vertical locations Initiating 20 ac. infill development locations 5.9K identified future…
  14. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 14
    WOLFCAMP SHALE: BUILDING ON 2012 SUCCESS Apache Wolfcamp Shale Summary Wolfcamp APA Gross Acres (000) 450 Shale APA Net Acres (000) 345 Horizontal Wells Drilled 2012 21 Horizontal Wells Planned 2013 90+ Drilling Locations 971…
  15. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 15
    CLINE SHALE: EXPANDING HZ PROGRAM Apache Cline Shale Summary APA Gross Acres (000) 650 APA Net Acres (000) 520 Horizontal Wells Drilled 2012 6 Horizontal Wells Planned 2013 20+ Deadwood area Drilling Locations 2,321 Inventory Net…
  16. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 16
    CENTRAL REGION HZ DRILLING FUELING SIGNIFICANT GROWTH Kansas Resource Summary* Acreage: Gross 1.9 MM Net 1.0 MM Texas Anadarko Basin Net Resources 5.4 Bboe Identified Locations 32,546 Canyon Wash 2012 Highlights Oklahoma 79…
  17. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 17
    CENTRAL REGION: DELIVERING GROWTH MBOE/D Avg. Op (Bar) Rigs (Line) 90 30 2013 Plans 80 1Q13 86.2 Mboe/d 25 Production (46% Liquids) 70 E&D Capital 1.4B Cordillera Avg. Rigs 29 (28 Hz) 60 Closing 20 Gross Wells 300 total / 285…
  18. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 18
    CENTRAL REGION 2013 DRILLING HIGHLIGHTS Cleveland Tonkawa Tonkawa 496 MCFD 458 BOPD 610 BOPD 1,575 MCFD 719 BOPD 1,800 MCFD Canyon GW Cottage Grove 395 BOPD 332 MCFD 1,915 BOPD 1,747 MCFD Cottage Grove 1,222 BOPD…
  19. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 19
    DRIVING DOWN COSTS IN RESOURCE PLAYS Drilling and Completion Costs Focus Reducing drilling days Reducing frac costs Pad drilling Self sourcing Optimizing bit selection Optimizing frac designs Mud programs Synergies from pad drilling…
  20. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 20
    NORTH SEA: DELIVERING OIL GROWTH 79.1 MBOE/D 1Q 2013 88% liquids (Brent pricing) Nevis & Ness Beryl Complexes 10/MCF gas realizations Buckland Doubled portfolio 2012 (Beryl) Maclure Skene 2012 Cash Flow: 1.5 Bn* SAGE…
  21. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 21
    EGYPT REGION OPERATIONS CONTINUE UNABATED 2012 Highlights Faghur NTRK-G Gross Production Over 363 Mboe/d Shushan Alamein Cash Flow 2.7 Bn* Faghur NRQ 3151 Capex 1.1 Bn Siwa L-1X Average Rigs 25 Ghindi Abu Gharadig Beni…
  22. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 22
    EGYPT GROSS PRODUCTION OVER TIME MBOE/D 375 17 years of uninterrupted production growth 350 325 300 144 150 275 250 133 225 117 200 175 93 81 88 150 60 125 47 38 217 213 100 35 189 8 29 32 162 75 1 0 129 109 115…
  23. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 23
    RECENT DISCOVERIES CONFIRM OPPORTUNITIES LEASEHOLD: Apache Conc. 9.7 MM gross acres Amoun NE-1X NRQ 3151-1X IP: 3,186 bo/d; 11 MMcf/d IP: 1,625 bo/d; 18.7 MMcf/d Karama-15 IP: 2,136 bo/d Siwa L-1X IP: 2,041 bo/d…
  24. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 24
    AUSTRALIA: WORLD CLASS DEVELOPMENT PIPELINE 61 MBOE/D 4Q 2012 Apache Acreage 40 44% oil (111.34 / Bbl) Miles Gas now contracting at near 8/MCF 70 MBOE/D expected to come online over next 4 years with major projects including:…
  25. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 25
    LNG DEVELOPMENT: MULTI-DECADE PROJECTS WHEATSTONE LNG (Australia) KITIMAT LNG (Canada) Construction underway First mover in Canada 8.9 MMTPA LNG 10 MMTPA LNG 1.25 BCF/D Phase 1 1.5 BCF/D Phase 1 First cargo 2016 Chevron…
  26. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 26
    WHEATSTONE LNG CASH FLOWS PRELIMINARY PROJECTIONS THROUGH 2021 2017E 2018E 2019E 2020E 2021E Net Production (MBOE/D) 14 30+ MM Estimated Payback Period 4.5 Years 1,250 1,000 750 500 Cumulative 250 Capex Through 2012 0…
  27. EUROPEAN INVESTOR PRESENTATION – Apache Corp – slide 27
    2013 ROADMAP FOR VALUE GROWTH Accelerate North America onshore liquids growth Advance major projects (including 2 world class LNG hubs) Rigorously drive down costs Grow our dividend Re-focus portfolio for consistent growth 4 Bn…

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