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Apache Corp. - Analyst/Investor Day

It's really the beginning of a new life cycle for us. And I will tell you it's a little bit like the pop star that got discovered that took him 13 years to get discovered. I mean, we've been working on what you're seeing on this slide for a number of months, actually for about 2.5 years. So we now find ourselves with a very good position in U.S. onshore. We think it's a good time to drill. More equipment available today at more reasonable prices than we've seen in the last 5 years. 1.5 years ago, we couldn't find a frac crew in the Permian Basin, now you've got them running all over you. A lot of things have changed in the last 1.5 years. We have a global exploration group that's now showing fruits. We are in an enviable position on the financial side, and we expect to grow to over 1 million barrels a day by 2016.

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