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Apache Corporation
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Q1 2024 Earnings Call Presentation
| Kenneth Mariani | Page 13 of 11 |
May 17, 2024
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"Q1 2024 Earnings Call Presentation"
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APA CORPORATION Egypt Update 13 ? Drilling program performed in line with first-quarter expectations ? Average drilling days, well connection timing and oil IP’s in line with plan ? Adjusted oil production slightly below guidance due to PSC impacts of rising oil prices in March ? Drilling success rate of 74% (17 of 23 wells) in 1Q24 ? 2024 efficiency initiatives continue to be focused on workovers, recompletions and base production management ? Expect to average 15 drilling rigs in 2Q24, down from 17 in the first quarter Reported Production Drilled & Completed Wells 135,140 BOE/D Avg Rigs 23 Gross, 23 Net 17 64% / 0% / 36% Oil / NGL / Gas 1Q 2024 Asset Stats Asset Highlights Adjusted Oil Production, MBO/D Guidance 43 43 43 45 43 40 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24G