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.
Fourth-Quarter, Year-End 2013 Update
- Fourth-quarter 2013 production in Canada, which includes Kitimat upstream production, was 93,199 barrels of oil equivalent (Boe) per day.
- Total liquids production averaged 24,413 barrels per day for the year, up 11 percent from 2012 volumes of 22,088 barrels per day.
- During the quarter, the region drilled two successful Montney horizontal wells in the Kaybob area, with an average 30-day initial production rate of 5.4 million cubic feet (MMcf) per day and 49 barrels per day of liquids.
- During the fourth quarter, Apache completed the sale of its Hatton, St. Lina, Marten Hills, Snipe Lake, Valhalla, and a portion of its Hawkeye producing properties. These are primarily dry gas developments located in Saskatchewan and Alberta and comprise approximately 4,000 operated and 1,300 non-operated wells with average daily production of approximately 39 MMcf per day and 679 barrels per day.
Apache Canada Region Acreage and Key Assets
KITIMAT LNG PROJECT (50 percent APA)
- During the fourth quarter, Kitimat Upstream gross production in the Horn River and Liard Basins averaged 158 MMcf per day (63 MMcf per day net to Apache’s interest), down 9 percent from third quarter 2013 due mainly to significant third party processing plant downtime issues in the fourth quarter.
- During 2013, the Kitimat upstream drilling program increased the original gas in place for Liard by successfully drilling two new wells which extended the northern boundary of the play.
- One drilling rig was active on the 77-A Tenure well, which is expected to reach total depth of 17,257 feet in the first quarter 2014.
- Operations started on the 2013/2014 winter 3D seismic programs in the fourth quarter, with a 515 square mile acquisition expected to be completed by early second quarter 2014.
Apache Kitimat LNG Project
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.