Investor Presentaiton

MIDLAND AND DELAWARE BASIN 2017 Step Change in Performance ■Consolidating and accelerating 2015/2016 learnings ■Increased efficiencies and operating performance ■Multi-well pads / longer laterals ■Few retention wells required (outside of Alpine High) Key Focus Areas Midland & Delaware Basin Oil Production Mbo/d Apache 42 38 36 55 1Q17A 2Q17A 3Q17A 4Q17A Wildfire Pecos Bend Dixieland Powell Alpine High Azalea 7

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