Apache has first mover advantage in five highly prospective resource plays in North America, including three plays that the company has had notable drilling success and two plays that are yet to be proven. Apache has extensive resource potential in the Permian Basin of west Texas and New Mexico and the Anadarko Basin of western Oklahoma and North Texas and has extensive proved reserves and resource potential in both basins. Recent drilling results in the Liard Basin in northern British Columbia have validated one of the most prolific shale gas plays in North America. Apache will begin drilling operations in its two newest plays, the Bakken play in the western Williston Basin of Montana and the Mississippian play in Kansas and Nebraska, in the third quarter of 2012.
New developments in horizontal drilling and completion technologies have transformed the U.S. energy business and Apache is well positioned to take advantage of an expanded opportunity set. Apache's North American future could not be brighter, with decades of opportunities on existing leasehold.
In these five areas, Apache has identified nearly 77,000 drilling locations on 4 million net acres of leasehold containing an estimated resource potential of 20 BNBOE.
For a deeper look into each play please click on the map.
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