APA Corporation · NASDAQ:APA
APA — Investor Presentation (September 2024)
8 slides from APA's investor presentation, September 2024
Slide 1: U.S. Portfolio Optimization
U.S. Portfolio Optimization September 2024
Slide 2: Notice to Investors
Notice to Investors Certain statements in this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including, without limitation, expectations, beliefs, plans, and objectives regardin
Slide 3: Transforming APA's U.S. Portfolio
Transforming APA’s U.S. Portfolio ⎻ APA has significantly high-graded its U.S. portfolio in 2024 with >$2.0 billion of non-core asset sales ⎻ Recently-announced $950 million sale of conventional Permian assets is a transformative step ⎻ Expected to reduce U.S. LOE per BOE by >10%, and reduce discoun
Slide 4: Coring Up APA's U.S. Assets: 2024 Transactions
Coring Up APA’s U.S. Assets: 2024 Transactions Approximate Date Announced Production Impact Value Callon Petroleum Equity Issued: ~$2.6 billion Acquisition(1)(2) Jan-2024 Plus: 100 MBOE/D Net Debt Assumed: ~$2.1 billion Kinetik Midstream Equity Sale Mar-2024 N/A ~$430 million East Texas & Midland Ro
Slide 5: APA's Consolidated Midland & Delaware Position
APA’s Consolidated Midland & Delaware Position Pre-Callon Acquisition Post-Callon & Non-Core Divestiture APA LEASES CONVENTIONAL DIVESTITURE SMB MINERALS DIVESTITURE Delaware Delaware Basin Basin Central Central Basin Basin Platform Platform Midland Midland Basin Basin 322,000 Unconventional Net Acr
Slide 6: APA Permian Position
APA Permian Position Market Cap ($Billion) $9.3 $10.6 $10.6 $6.3 EV ($Billion) $15.1 $14.9 $17.6 $10.1 Permian Production (4Q24E; MBOE/D) 307 344 203* 198 % Oil (4Q24E) 45% 47% NA 61% Permian Rigs 9 12 6 9 Net Permian Unconventional Acres ~462 ~450 ~180 ~192 (‘000) Adjusted Non-Permian 106 -- ~391*
Slide 7: Differentiated Large Cap Independent with Diverse Asset Base
Differentiated Large Cap Independent with Diverse Asset Base NORTH ALASKA SEA ⎻ Ability to allocate capital between short / long cycle and conventional / unconventional development opportunities PERMIAN EGYPT ⎻ Access to premium global pricing SURINAME ⎻ Exploration capabilities provide long-term up
Slide 8: apacorp.com
APA Corporation apacorp.com