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Overview

The Central region includes assets in East Texas, the Permian basin of West Texas and New Mexico, and the Anadarko basin of western Oklahoma and the Texas Panhandle, where the Company got its start over 50 years ago. In early 2007, we acquired an additional $1 billion of producing properties in the Permian basin.

At year-end 2007, the Central region accounted for approximately 26 percent of our estimated proved reserves, the largest concentration in the Company. During 2007, we participated in drilling 343 wells, 335 of which were completed as productive. Apache also performed 994 workovers and recompletions in the region during the year.

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