|Oil production (Bpd)||9,276||9,375|
|Natural gas production (Mcfd)||190,799||187,390|
|Natural gas liquids production (Bpd)||1,653||2,102|
|Barrels of oil equivalent per day||42,729||42,709|
We have had a continuous presence in Argentina since 2001, which was expanded substantially by two acquisitions in 2006. We currently have operations in the provinces of Neuquén, Rio Negro, Tierra del Fuego, and Mendoza. We have interests in 33 concessions, exploration permits, and other interests totaling 3.7 million gross acres in three of the main Argentine hydrocarbon basins: Neuquén, Austral and Cuyo. Our concessions have varying expiration dates ranging from three years to over 15 years remaining, subject to potential extensions.
On Feb. 12, 2014, Apache Corporation and its subsidiaries announced an agreement to sell all of its operations in Argentina to YPF Sociedad Anonima for cash payment of $800 million plus the assumption of $52 million of bank debt as of June 30, 2013. Read the release.