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UBS BUS TOUR – Apache Corp

Apache Corp · Sep 21, 2012 · 24 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. UBS BUS TOUR – Apache Corp – slide 1
    UBS BUS TOUR 2012 Roger Plank September 21, 2012
  2. UBS BUS TOUR – Apache Corp – slide 2
    PROFITABLE LONG-TERM GROWTH MBOE/D, Net 850 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2012E 1994 2002 1992 1993 1995 1996 1997 1998 1999 2000 2001 2003 2004 2005 2006…
  3. UBS BUS TOUR – Apache Corp – slide 3
    DELIVERING, BUILDING STRENGTH 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 Cash Flow per Share (/share) Adjusted Earnings per Share…
  4. UBS BUS TOUR – Apache Corp – slide 4
    DIVERSITY MITIGATES VOLATILITY THE PORTFOLIO APPROACH 2Q Production Breakout By Product 2Q Revenue Breakout By Product 27% 23% 35% 49% 19% 31% 8% 8% International Liquids International Natural Gas North American Liquids…
  5. UBS BUS TOUR – Apache Corp – slide 5
    BENEFITING FROM RISING INTERNATIONAL GAS PRICES Realized Gas Price International Gas Revenue /MCF MM 7.00 350 6.00 300 North America 5.00 250 4.00 200 3.00 150 International 2.00 100 1.00 50 0.00 0 4Q11 1Q10 2Q10…
  6. UBS BUS TOUR – Apache Corp – slide 6
    DRILL DRILL DRILL Region Current Rigs Recent Highlights Gas 187 wells added in Q2:Plus 167 program: vertical and720 wells reached horizontal, TD and 9 completed 2Q production surpassed 100,000 Permian 34 BOPD Central 23 28…
  7. UBS BUS TOUR – Apache Corp – slide 7
    APACHE NOW: REALIZING UPSIDE Grow through the drill bit Leverage expanded U.S. onshore position 67K locations, 9.2 BN BOE Multi-year outlook: 6-9% production growth per share, with upside Living within our means Global…
  8. UBS BUS TOUR – Apache Corp – slide 8
    PERMIAN OIL A KEY APACHE GROWTH AREA New Mexico Texas 1.8 MM net acre position Central Basin Platform + N/NW Shelf (+200% last 2 years) Midland Basin 104.5 Net MBOE/D in Q2 Yeso (+14% production YOY) Wolfcamp Shale Cline APA…
  9. UBS BUS TOUR – Apache Corp – slide 9
    EXECUTING OUR GROWTH STRATEGY PERMIAN REGION Average rig count in Q3 expected to increase to 35, up 3 from Q2 Quarterly Production Since 2010 120 Liquids Natural Gas + 93% 100 MBOE/D, Net 80 60 40 20 0 Q1 Q2 Q3…
  10. UBS BUS TOUR – Apache Corp – slide 10
    MIDLAND BASIN DEADWOOD: IMPACTIVE GROWTH Oil (Gross MBBL/D) Gas (Gross MMCF/D) 16 80 Apache Operated 14 70 12 60 10 50 8 40 6 30 3rd Party Operated 4 20 2 10 0 0 Aggressive growth: production up 7x to 21MBOE/D in 21…
  11. UBS BUS TOUR – Apache Corp – slide 11
    WOLFCAMP SHALE ROBUST RESULTS, 971 FUTURE LOCATIONS TO DRILL Peak IP 30d Avg EUR Lateral Frac Well Status (BOE/D) (BOE/D) (MBOE) (ft.) Stages Scott Sugg 1H Prod 1255 726 682 7,322 23 Bennie 1H Prod 588 492 553 6,486 19 Clinch 1H…
  12. UBS BUS TOUR – Apache Corp – slide 12
    ADVANCING OTHER HORIZONTAL PLAYS LATEST RESULTS Lower Cline shale Barracuda 45 2H: New Mexico Texas 662 BOPD, 0.9 MMCFD Central Basin Platform APA inventory: + N/NW Shelf Barracuda 45 2H Three Bar SU 101H Midland Basin Lower…
  13. UBS BUS TOUR – Apache Corp – slide 13
    APACHE CENTRAL POSITIONED FOR HORIZONTAL LIQUIDS GROWTH 55.2 Net MBOE/D net in Q2 12 Kansas (+42% production YOY) Apaches first region: Texas Anadarko Basin 5 decade track record, experience Asset base built over many years in…
  14. UBS BUS TOUR – Apache Corp – slide 14
    MIDCONTINENT LIQUIDS PLAYS A KEY APACHE GROWTH AREA 1.1 million net acre position APA acreage (+61% in 2012) Oklahoma APA operated rigs: January 6 Texas Now 23 Evaluated inventory: 33K future locations 5.3 BN BOE unbooked…
  15. UBS BUS TOUR – Apache Corp – slide 15
    ANADARKO BASIN STACKED OPPORTUNITIES Apache Elk City 1-23 9,500 Tonkawa Cottage Grove 10,000 Hogshooter 10,500 Checkerboard 11,000 Cleveland 11,500 Marmaton Granite Wash Caldwell 12,000 Granite Wash A Granite Wash B…
  16. UBS BUS TOUR – Apache Corp – slide 16
    CENTRAL REGION 2012 DRILLING HIGHLIGHTS Baker 5-15H Cherokee 427 BOPD, 500 MCFD Adams 137 4H Cleveland 295 BOPD, 274 MCFD Ramsey 58-15H Baumann 394 3H Karen 1-15HD GWB Cleveland Tonkawa 208 BOPD, 5746 MCFD 182 BOPD, 1726…
  17. UBS BUS TOUR – Apache Corp – slide 17
    CANYON WASH APACHE-LED EXPLORATION North focus area NM OK APA Bivins-LIT 28 2 TX IP 730 BOPD Paint Ridge Amarillo Development East focus area Bivins-LIT 4 1 Paint Ridge Discovery Panhandle field Original 61 sq mi 3D 8.1…
  18. UBS BUS TOUR – Apache Corp – slide 18
    BIVINS RANCH PAINT RIDGE Bivins-LIT 401 Well Bivins-LIT 28 2 30-day IP Bivins-LIT 4 3 300 BO & 123 MCF 30-day IP 117 BO & 115 MCF Boys Ranch 116 4 Completing Bivins-LIT 115 1 30-day IP Bivins-LIT 4 5 161 BO & 97 MCF 30-day…
  19. UBS BUS TOUR – Apache Corp – slide 19
    EXECUTING OUR GROWTH STRATEGY CENTRAL REGION 23 rigs currently running, up 4 from Q2 average Quarterly Production Since 2010 60 + 59% Liquids Natural Gas 50 MBOE/D, Net 40 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1…
  20. UBS BUS TOUR – Apache Corp – slide 20
    UPCOMING EXPLORATION EVENTS Mississippian Lime First well spud August 15 Initial play results in Q4 Williston Basin First well spud August 30 Initial play results in Q4 Cook Inlet, Alaska First well to spud in October Vaca…
  21. UBS BUS TOUR – Apache Corp – slide 21
    MISSISSIPPIAN LIME DRILLING STARTS ON APACHES 580K NET ACRES 580,000 net acres secured in Kansas, Nebraska Nebraska First mover in extension of Kansas horizontal oil plays Low entry cost Multiple stacked oil plays:…
  22. UBS BUS TOUR – Apache Corp – slide 22
    WILLISTON BASIN DRILLING STARTS ON APACHES 320K NET ACRES 320,000 net acres secured First mover in extension of Bakken oil resource Low entry cost Multiple stacked oil plays Potential for 1,900 play locations, 1 BN BO play net…
  23. UBS BUS TOUR – Apache Corp – slide 23
    VISIBLE, COMPANY-MOVING UPSIDE BN BOE, Net Current Further Upside New Ventures Running room of 30.0 oil projects APAs 8 other global regions Net resources identified: Liard: 48 TCF discovery Other exploration: 25.0 GOM Deepwater,…
  24. UBS BUS TOUR – Apache Corp – slide 24
    PROFITABLE LONG-TERM GROWTH MBOE/D, Net 850 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2012E 2002 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2003 2004 2005 2006 2007…

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