Last $94.71 USD
Change Today -1.80 / -1.87%
Volume 503.5K
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Company Description

Contact Info

One Post Oak Central

Suite 100

2000 Post Oak Boulevard

Houston, TX 77056

United States

Phone: 713-296-6000

Fax:

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has exploration and production interests in six countries, such as the United States (U.S.), Canada, Egypt, Australia, the United Kingdom North Sea (North Sea), and Argentina. North America The company’s North American asset base primarily comprises operations in the Permian Basin, the Anadarko basin in western Oklahoma and the Texas Panhandle, Gulf Coast onshore and offshore areas of the U.S., and in Western Canada. The company also has leasehold acreage holdings in the Cook Inlet of Alaska and other areas. United States The company has access to significant liquid hydrocarbons across its 11.5 million gross acres in the U.S., approximately 75 percent of which is undeveloped. During 2013, the company’s assets were divided into five regions: Permian, Central, Gulf Coast Onshore, Gulf of Mexico Deepwater, and the Gulf of Mexico Shelf. In 2014, the Gulf of Mexico Shelf region and Gulf of Mexico Deepwater region have been combined into the Gulf of Mexico region. Permian Region: The company’s Permian region controls approximately 3.3 million gross acres with exposure to various plays across the Permian Basin. During 2013, the company drilled or participated in drilling 785 wells, of which 186 were horizontal. Central Region: The Central region controls 1.8 million gross acres that are mostly held-by-production and includes approximately 3,800 producing wells primarily in western Oklahoma and the Texas Panhandle. During 2013, the company drilled or participated in drilling 322 wells. Gulf Coast Regions: The company’s Gulf Coast assets are primarily located in and along the Gulf of Mexico, in the areas onshore and offshore Texas, Louisiana, Alabama, and Mississippi. During 2013, the area was divided into three regions, which include the Gulf Coast Onshore, Gulf of Mexico Deepwater, and Gulf of Mexico Shelf. During 2013, the region drilled or participated in drilling 43 wells and projects drilling approximately 90 wells in 2014. The company owns approximately 900,000 gross acres across approximately 170 blocks as of the end of 2013. The non-operated Lucius project, where the company holds an 11.7 percent working interest, is under development with first production projected by year-end 2014. The company primarily markets its U.S. crude oil to integrated major oil companies, marketing and transportation companies. Canada The company holds approximately 5.4 million gross acres across the provinces of British Columbia, Alberta, and Saskatchewan. In 2013, the company drilled or participated in drilling 143 wells in Canada. Marketing The company’s Canadian natural gas marketing activities focus on sales to utilities, end-users, integrated major oil companies, supply aggregators, and marketers. It transports natural gas under firm transportation contracts to delivery points into the United States. International The company’s international assets are located in Egypt, Australia, offshore the U.K. in the North Sea, and Argentina. Egypt The company’s operations in Egypt are conducted pursuant to production-sharing agreements in 24 separate concessions. During 2013, it drilled 181 development and injection wells and 54 exploration wells. During 2013, the company drilled its first well of a multi-well horizontal drilling program in the Abu Gharadig field. In 2013, the company announced the completion of the sale of a one-third minority interest in its Egypt oil and gas business to Sinopec. Australia The company’s holdings in Australia are focused offshore Western Australia in the Carnarvon, Exmouth, and Browse basins, with production operations in the Carnarvon and Exmouth basins. The company controls approximately 7.9 million gross acres offshore Western Australia through 30 exploration permits, 18 production licenses, and 9 retention leases. The company has a 28.57 percent non-operating working interest in the field and gas plant. The company has a participating interest in three of the four domestic gas hubs in Australia. The company d

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