I'm not MLP expert, but with production in the Central Basin now standing at almost 90k BOE per day as of end of Q4, it seems like the Central Basin platform could be its own standalone MLP. Valuation could be $20B.
I think its a great Idea but I dont think youll ever get them to do it
I used Linn Energy as my base. They are pumping 60k liquids (and half of those are NGLs -- we produce more oil). Meantime, their EV is $14 billion even after the recent downturn in their share price.
The value is there for Apache. The market has assigned a very low valuation to the estimated net asset value of proven reserves of $120. Opportunity knocks for Apache down here!