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INVESTOR DAY – Apache Corp

Apache Corp · May 17, 2011 · 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. INVESTOR DAY – Apache Corp – slide 1
    Investor Day New York City May 17, 2011 A U S T R A L I A A R G E N T I N A C A N A D A E G Y P T N O R T H S E A U . S . C E N T R A L U . S . G U L F Permian Permian
  2. INVESTOR DAY – Apache Corp – slide 2
    Permian Overview 3 MM acres New Mexico 84 MBOE/D net (68% oil+NGLs) 2 industry player Strong free cash flow generator (2011: investing 55% of projected lease level income) Texas Diverse asset base and exposure to every play…
  3. INVESTOR DAY – Apache Corp – slide 3
    Permian A Contrarian Path APAs Permian Acquisitions WTI 110 WTI /BBL 100 90 80 70 Anadarko Mariner 60 Hess Marathon BP 50 40 Exxon 30 20 10 0 2004 2005 2006 2007 2008 2009 2010 2011 16
  4. INVESTOR DAY – Apache Corp – slide 4
    Permian Current Inventory Summary Avg 2011 2011 20122016 Spacing Additional Locations Play Formations Rigs Locations Locations (Acres) Locations Downspacing Central+North Basin Grayburg, S. Andres, Clearfork, Tubb 1.5 42 213 20 300 10…
  5. INVESTOR DAY – Apache Corp – slide 5
    Permian Central+North Basin Platform Horizontals Base waterflood business: New Mexico Texas North Basin Platform steady opportunity stream 5 fields tested horizontally, 100% success Central Basin Platform Texas 23 horiz.…
  6. INVESTOR DAY – Apache Corp – slide 6
    Permian Central and North Basin Platform Horizontals TXL South Unit North McElroy Unit Shafter Lake Unit Active Clearfork Waterflood Active Grayburg Waterflood Active SanAndres Waterflood (10,200 acres, 77.0% WI, 70.5% NRI) (11,400…
  7. INVESTOR DAY – Apache Corp – slide 7
    Permian Eunice Area New Mexico New Mexico Type Log Texas 7 major operated fields Blinebry Gained additional WI in Warren Unit and New Mexico Federal Unit via BP acquisition Well economics: Locations (11 / 12+) 91 / 900 Tubb…
  8. INVESTOR DAY – Apache Corp – slide 8
    Permian Deadwood Wolfcamp New Mexico Texas Type Log 103,000 gross acres 11 rigs operating Wolfcamp Wolfcamp 11,000 wells: Trends Wolfcamp, Cline, Strawn, Fusselman 1,000 Deadwood 8040 acre spacing Well economics (Deadwood…
  9. INVESTOR DAY – Apache Corp – slide 9
    Permian BP & Mariner Spraberry New Mexico Texas Type Log 518,000 acres in trend Large inventory across fields: Spraberry Wilshire, Pegasus, Core Spraberry, Powell, Scottish Rites, Tamarack, Aldwell Unit, Benedum 1,000 8,500 to…
  10. INVESTOR DAY – Apache Corp – slide 10
    Permian Empire Yeso Type Log New Mexico Texas Vertical Yeso development Yeso (Joint Venture with Concho Res.) Building infrastructure: SWD, batteries, electrical, compression Well economics: Locations (11 / 12+) 55 / 1,569 30…
  11. INVESTOR DAY – Apache Corp – slide 11
    Permian Empire Abo Type Log Redevelopment of field with New Mexico Texas 200MM BBL cum production Last well drilled in 1984 Abo Upper Million barrel wells not offset Abo Reef Well economics: Main Locations (11 / 12+) 21 / 550…
  12. INVESTOR DAY – Apache Corp – slide 12
    Permian CO2 EOR Roberts Projects New Mexico Texas 6 producing CO2 projects: 7,360 BOPD, 87 MMCFD CO2 injection Current Development: Roberts Phase 1 P1 Net: 13.8 MMBOE 30 mi Apache Future Project Pipeline: Roberts Phase 2 and…
  13. INVESTOR DAY – Apache Corp – slide 13
    Permian New Ventures Abo Horizontal Play New Mexico 39K net acres leased Texas + BP and Mariner acreage 13 AMIs with 50% WI Spudding 2nd horizontal well Deadwood/Cline Shale Play 103K gross acres from ME Drilled 1st horizontal…
  14. INVESTOR DAY – Apache Corp – slide 14
    Permian Impact of Horizontal Drilling BO/D Well Count 3,250 25 23 horizontal wells on production 3,000 Current oil rate 3,100 BO/D 2,750 20 4.7% of Regions gross operated oil 2,500 (from less than 1% of gross 2,250 operated…
  15. INVESTOR DAY – Apache Corp – slide 15
    Permian Pad Drilling Example: TXLU (Central Basin Platform Waterflood) 1 drill site, 4 wells with a small surface footprint to develop thick reservoirs with multi lateral targets Savings: Drill cost: Common location, pits, drill…
  16. INVESTOR DAY – Apache Corp – slide 16
    Permian Drilling Inventory Composition 2010 acquisitions represent 61% Distribution of Current Location Inventory of current 20122016 inventory Dynamic inventory based on technical analysis of individual projects: BP 27%…
  17. INVESTOR DAY – Apache Corp – slide 17
    Permian Limiting Factors Personnel Regional office from 0 to 175 employees Field from 298 to 430 employees 60 vacancies (2/3 office, 1/3 field) Regulatory 80 to 100 Federal drilling permits pending in New Mexico Well completion…

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