Apache Corp.
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Apache Corporation explores for and produces oil and natural gas in the United States, Canada, Australia, Egypt, Poland and China.
In the United States, Apache’s strength is exploitation and development in mature basins, including the Anadarko Basin of Oklahoma, the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico, the Texas and Louisiana Gulf Coast and the Outer Continental Shelf in the Gulf of Mexico. Apache has a proven record of adding value by increasing production and reserves in properties acquired from others. Internationally, Apache is an exploration company. Apache has established a core area in the prolific Western Sedimentary and Willesden Basins of Canada. Operations in Egypt and Australia are significant contributors to the company's reserves and production. Apache is planning additional exploration and development of its concessions in Poland and the People's Republic of China. |
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Recent Articles
Apache Shareholders Don't Approve Executive Compensation
Thursday, May 16, 2013 Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.
Thursday, May 09, 2013 Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
Apache: Initial Production Rates Climb 70% at Tonkawa
Wednesday, May 08, 2013 Apache announces updated well results from drilling in the Tonkawa and Granite Wash formations of the Texas Panhandle and Western Oklahoma.
Apache Unveils Three Discoveries in Egypt
Tuesday, May 07, 2013 Apache reports three oil and gas discoveries in Egypt's western desert, expanding the company's production base in the area.
Olympus-1 Well Hits Gas Offshore Australia
Thursday, April 11, 2013 Finder Exploration reports that the Olympus-1 exploration well, offshore Western Australia, has found gas in two zones.
Apache Confirms 14 Blocks from Gulf of Mexico Lease Sale
Monday, April 01, 2013 Apache announces that its subsidiaries were the apparent high bidders on nine shallow water blocks and five deepwater blocks in the recent Gulf of Mexico lease sale.
Nebraska Oil Boom Remains Unlikely
Tuesday, March 26, 2013 Nebraska's geology makes it unlikely that the state will experience an oil boom, despite the success of modern drilling techniques in neighboring Colorado and Wyoming.
Energy XXI Enters JV with Apache, Highlights GOM, La. Operations
Wednesday, March 20, 2013 Energy XXI announces a joint venture agreement with Apache and updates activities at its Gulf of Mexico and Louisiana operations.
Valiant Farms out Isabella Prospect to Maersk
Friday, March 08, 2013 Valiant Petroleum signs deal to farm-out three-fifths of its holding in the North Sea?s Isabella prospect to Maersk Oil North Sea UK.
Apache Could Earn $3B on Rumored Deepwater US Gulf Sale
Friday, March 08, 2013 Apache could realize up to $3 billion in a rumored sale of its deep water Gulf of Mexico oil and natural-gas assets, analysts say.
Apache All Smiles over Latest Egyptian Discovery
Monday, March 04, 2013 Apache reports that the Amoun NE-1X discovery on the north flank of Egypt's Khalda Ridge producing complex tested at a combined rate of 3,186 barrels of oil and condensate and 11 million cubic feet of natural gas per day.
Friday, March 01, 2013 Apache's proposed Kitimat LNG export project in western Canada is the "right project at the right time" to meet Asian LNG demand, a company official said.
Apache Prevents Blowout in Gulf of Mexico Well
Friday, February 15, 2013 Apache detected an underground flow of natural gas at the site of a shallow-water exploratory well in the US Gulf of Mexico, the company and US regulators said.
Apache 4Q Net Fell 44% on Write Downs, Lower Prices
Thursday, February 14, 2013 Apache plans to trim its portfolio with $2B in asset sales this year, bringing an end to a buying spree that expanded its footprint around the world and helped it ramp up oil production to record levels.
Apache Awards Contract Extension to Flexlife
Wednesday, February 06, 2013 Flexlife hopes it will take on more UK staff to service its Apache North Sea contract after an $8 million per year extension.
TAG Oil, Apache Conclude Farmout Agreement for NZ Permits
Friday, February 01, 2013 TAG Oil Ltd. concludes an agreement with Apache New Zealand Corporation LDC, which results in an early termination of the Farmout Agreement dated Sept. 1, 2011.
Halliburton 4Q, Full Year 2012 Revenues Rise
Friday, January 25, 2013 Halliburton saw record increases in its fourth quarter and full year 2012 revenues, but recorded a decline in its total year 2012 operating due to higher costs.
Monday, January 21, 2013 Apache Corp. is now powering its hydraulic fracturing fleet with natural gas as part of its effort to use natural gas wherever possible in its operations.
Apache Plan Rejected by Australian Minister
Tuesday, January 15, 2013 Australian federal government rejects Apache plan to carry out seismic work in area close to a marine reserve.
Friday, January 11, 2013 Apache Energy reveals that it has stopped production from its Stag and Van Gogh oil fields due to an intensifying cyclone passing through Western Australia.
