Manager of Strategic Planning - Midland, TX

1 month ago
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Company Overview

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt, and the United Kingdom North Sea.

Apache was formed in 1954 with $250,000 of investor capital with the simple concept of becoming a significant and profitable oil and gas company, run for the long-term benefit of its shareholders. Today, Apache Corporation is one of the world's top independent oil and gas exploration and production companies.

While historically known as an “acquire and exploit” company, after a series of successful acquisitions between 2010 and 2012, the strategy now is to grow through the drill bit. The company has an enviable portfolio that includes diversity across oil, domestic gas as well as opportunities in nearly every play type; conventional, unconventional, onshore and offshore, both in domestic and international basins.

The Company is opportunity rich with an extensive inventory of near-term and future development projects, and a challenge they face is balancing capital allocation to generate near-term growth as well as fund future long-term developments, which have the potential to serve as cornerstones for continuing growth for decades.

The next resource play that will demand the attention of Apache is Alpine High. Alpine High acreage lies in the southern portion of the Delaware Basin, primarily in Reeves County, Texas. The company estimates hydrocarbons in place on its acreage position are 75 trillion cubic feet (Tcf) of rich gas (more than 1,300 British Thermal Units) and 3 billion barrels of oil in the Barnett and Woodford formations alone. Apache also sees significant oil potential in the shallower Pennsylvanian, Bone Springs and Wolfcamp formations.

Key Duties/Responsibilities

Apache’s Planning team provides analytical support to the executive team on key areas such as capital allocation, funding capacity, portfolio management, long-term strategy and operational performance among others. The group is exposed to critical information and interacts closely with the executive team, normally under tight deadlines, to support their decision making process. Specific responsibilities include:

  • Evaluate capital expenditure proposals and optimize capital allocation
  • Develop 2-year work program and budgets in partnership with the regional management team and corporate departments
  • Coordinate the development and maintenance of long-term operational and financial plans (field development plans), working together with a multi-disciplinary team
  • Provide key insights into short-term and long-term financial performance as well as funding balance/needs
  • Identify, analyse and support any strategic portfolio (A&D) opportunities and evaluate pro forma corporate impact as a result of any such activity
  • Enforce quality and standards for all economic analysis and modelling
  • Provide in-depth analysis and present findings on key drivers of monthly outlook variances
  • Assist and/or lead any other C-Suite projects as needed

First-Year Deliverables:

  • Develop a thorough understanding of all aspects of the budgeting, planning, and forecasting processes
  • Establish credibility and trust with the finance and operations team as well as senior management, both within the business unit and corporate
  • Assess the appropriate structure of the region planning team
  • Become a trusted financial adviser to the region management team

Job Qualifications

  • MBA/Master’s degree in business, finance, economics or related field
  • ARIES, Perspectives or related software strongly preferred
  • Significant experience in similar roles within the oil and gas industry is required; ideally possesses specific upstream experience
  • Investment banking, management consulting or Big Four accounting experience to be considered
  • Highly analytical, results-driven individual with the capacity to efficiently work and influence teams
  • Keen, genuine interest in understanding the inner working dynamics of the oil and gas industry and a distinct ‘can-do’ attitude
  • Confidence to communicate their perspective and position with senior management and their team
  • Ability to handle large data sets of operational/financial information and the capacity to synthesize and present findings in a clear and succinct manner
  • Strategic thinker who is creative and has the tenacity to create optionality and weigh various strategies
  • Financial manager who is always finding ways to improve efficiency, accuracy, and process
  • Manager who leads from within and not from above; manager who works shoulder-to-shoulder with his team and with all other teams in the Company
  • Natural desire to work with and lead with a sense of urgency
  • Aligns individual performance goals and measures systematically, and consistently uses them to drive performance
  • Exhibits a solid grasp of the economic, industry and competitive landscapes
  • Establishes conditions systematically for high performance teamwork based on the requirements of the situation
  • An individual of strong values and the highest levels of integrity, trust and loyalty


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