October 19, 2021

Ep. 86 – “The New Annual Report” Featuring Castlen Kennedy and Gary Clark

We have a potpourri of topics for this week's session and are very excited to share them with you all. First, we were delighted to welcome Castlen Kennedy, Vice President, Corporate Communications and Public Affairs and her colleague Gary Clark, Vice President of Investor Relations & Market Intelligence at Apache Corporation. We have all admired the Apache Corporation Tree Grant Program and Castlen and Gary joined to give an excellent overview of the program and its accomplishments.

As you may know, the tree grant program has donated more than 4.8 million trees to U.S. nonprofits and governmental organizations so far. Since its formation in 2005, they have donated trees to schools, parks, cities, wildlife refuges and more in Louisiana, New Mexico, Texas and Wyoming. Castlen and Gary shared how the program developed and some of the interesting challenges they faced in order to meet the program's original goal of donating one million trees. As you will hear, Apache estimates the carbon capture of the trees they have helped plant today reduce about 16 percent of their US emissions.

We also touched on Apache's 2021 Sustainability Report which is scheduled to release on Wednesday morning. Given the effort involved across the entire company, you will hear the team reference the Sustainability Report as "The New Annual Report." It's that meaningful and labor intensive in today's ESG world. The report focuses on three main areas: air, water, and community with Apache's progress and goals for each area.

To add to the mix, this week marks the 5th India Energy Forum by CERAWeek in New Delhi, India, and virtually this week from October 20-22nd and I am attending the event in person! As you'll see in the intro, we have a guest appearance from our good friend Jamey Rosenfield of IHS Markit. This year's key themes include the energy transition, new sources of energy, energy demand and supply chains, Indian Energy sector growth, and everything in-between.

We had an action packed intro from the TPH crew: Mike Bradley showed the correlation between media headlines and oil prices, natural gas levels and what may happen with a cold winter. Colton Bean joined to share renewable power trends from the last few months and passed it to Colin Fenton who expanded on Mike's thoughts with media interest in oil prices and took a look at natural gas futures pricing.

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