Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - APCO OIL & GAS INTERNATIONAL INC | d304236d8k.htm |
| EX-99.1 - WPX PRESS RELEASE - APCO OIL & GAS INTERNATIONAL INC | d304236dex991.htm |
Exhibit 99.2
Our 69% Interest in Apco
| • ARGENTINA |
• All Apco’s interests are non-operated • Apco is funded by its internally generated cash flow – no domestic cash sent to Apco • WPX owns ~ 20.3 million shares of Apco Oil and Gas International Inc. (NASDAQ: APAGF) • Ralph Hill is Apco’s Chairman and CEO | |||||||||||
| Neuquén Basin |
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| - Entre Lomas |
96,000 net acres | |||||||||||
| - Bajada del Palo |
59,000 net acres | |||||||||||
| - Agua Amarga |
37,000 net acres | |||||||||||
| - Coiròn Amargo |
45,000 net acres | |||||||||||
| - Charco del Palenque |
12,000 net acres | |||||||||||
| 249,000 net acres | ||||||||||||
| - Neuquén acreage located in Vaca Muerta Shale |
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| Other - Acambuco – 4,000 net acres - TDF Concessions (Río Cullen, Las Violates, Angostura) – 120,000 net acres - Sur Río Deseado Este – 58,000 net acres |
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| • COLOMBIA |
Reserve/Production Profile | |||||||||||
| - Llano 32 – 22,000 net acres |
Proved Reserves (12/31/2011) | |||||||||||
| - Llanos 40 – 82,000 net acres |
Gas (Bcf) | 79.9 | ||||||||||
| - Turpial – 50,000 net acres |
Oil (MMbbls) | 17.2 | ||||||||||
| Total Proved Reserves (Bcfe) | 183.3 | |||||||||||
| Production (FYE 12/31/2011) | ||||||||||||
| Gas (Bcf) | 8.7 | |||||||||||
| Oil (MMbbls) | 2.2 | |||||||||||
| Total Production (Bcfe) | 21.9 | |||||||||||
Apco Operational Update
| • | 2012 1Q Update |
| - | Development drilling progressing as planned; primarily in Entre Lomas and Bajada del Palo concessions |
| - | Commence exploration drilling in Colombia in this quarter (Llanos 32) |
| - | Actively investigation Vaca Muerta in Coirón Amargo |
| • | 2012 Operational Strategy |
| - | Continue field development and conventional exploration in our existing properties |
| - | Investigate Vaca Muerta, Molles and Lotena formations in core area in the Neuquén basin |
| • | Committed to drill 3 wells in the Tordillo/Vaca Muerta formation |
| - | Secure concession extensions from the provinces of Río Negro and Tierra del Fuego |
| - | Fulfill exploration commitments in Colombia |