Since entering the Canadian market in 1995, Apache Canada Ltd. has grown into one of the country’s top oil and gas producers.
Apache holds approximately seven million gross acres across the provinces of British Columbia, Alberta, and Saskatchewan. The region’s large acreage position provides portfolio diversification as well as significant drilling opportunity.
third-Quarter 2014 Update
- Third-quarter 2014 production in Canada, which includes Kitimat upstream production, averaged 73,187 Boe/d.
- Total production was down 5 percent from the second-quarter 2014 due to the closing of the previously announced sale of the Ojay, Noel and Wapiti areas in Alberta and British Columbia on April 30, 2014, planned spring break-up season and third-party downtime. The production associated with the downtime is now online.
- These divestitures were primarily dry gas-producing properties comprising 622,600 gross acres (328,400 net acres). In the Wapiti area, Apache retained 100 percent of its working interest in horizons below the Cretaceous including rights to the liquids-rich Montney and other deeper horizons. During 2013, production from the fields divested averaged 101 MMcf/d of natural gas and 1,500 Bbls/d of liquid hydrocarbons.
- Apache exited the quarter with eight rigs running including: one in the Wapiti area targeting the Montney, two rigs in the Kaybob area targeting the Duvernay, three additional rigs in the Kaybob area targeting the Bluesky formation, and the remaining two in the Kitimat area. This is up from one in the previous quarter due to the planned spring break-up season. Apache spud initial wells at the Duvernay seven well pad and drilled the first well at the Montney two well pad.
Acreage and Key Assets
Apache Canada Ltd. is proud to support the communities in which we work. Apache develops resources essential to economic growth and improved living standards. Along this path, we build enduring relationships with the communities in which we operate through our commitments to environmental stewardship, sustainable development, education and civic improvement.
Apache’s corporate giving program is region-based and employee-driven. In each of our communities, Apache employee committees determine which programs and projects will receive Apache funding.
The same sense of urgency, commitment and dedication that drives Apache’s operational progress is apparent in our employees’ participation in their communities through their involvement with their children’s education, participation in youth activities and support for local charities and community institutions.