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.
First-Quarter 2014 Update
- First-quarter 2014 production in Canada, which includes Kitimat upstream production, was 88,310 barrels of oil equivalent per day (Boe/d). Total liquids production averaged 25,358 barrels per day (Bbls/d) for the first quarter, up 10 percent from the fourth-quarter volumes of 22,965 Bbls/d, due to successful horizontal drilling in House Mountain and new liquids-rich production from West 5 and Kaybob Bluesky areas.
- Apache had record production in Kaybob during the first quarter of 2014. Eight wells were spud in Bluesky and five have been completed with an average test rate of 4.7 MMcf/d and average liquids yields of 67 Bbls/MMcf.
- Apache brought online its first horizontal Montney liquids-rich well in the Wapiti area and drilled its second liquids-rich Duvernay well in the Kaybob area, both with encouraging results.
- On April 30, 2014, Apache completed the sale of its Ojay, Noel and Wapiti areas in Alberta and British Columbia. These are primarily dry gas-producing properties comprising 622,600 gross acres (328,400 net acres). In the Wapiti area, Apache will retain 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 to be divested averaged 101 MMcf/d of natural gas and 1,500 Bbls/d of liquid hydrocarbons (18,400 Boe/d).
Acreage and Key Assets
KITIMAT Upstream (50 percent APA)
- During the first quarter, Kitimat Upstream production in the Horn River and Liard Basins averaged 58 million cubic feet per day (MMcf/d) net to Apache’s interest, down 8 percent from fourth quarter 2013 due mainly to a planned shut-in for pad drilling (D-28-B horizontal) and well testing in both basins, plus natural declines.
- Six rigs were drilling at the end of the first quarter including: three on vertical tenure wells; one on the 28-B horizontal tenure / production well, which is scheduled to be on production in the fourth quarter; one on the three-well horizontal “13-K South Pad” expected to rig release in early 2015; and one on the seven-well horizontal “3-K North Pad,” which has an expected rig release date of fourth quarter 2015. No wells were drilled for production during the quarter.
- Operations started on the 2013/2014 winter 3D seismic programs in the first quarter, with a 515-square-mile acquisition expected to be completed by early second quarter 2014.
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.