As part of Apache's 2015 strategic efforts to reduce its operating cost structure, the company combined the Midcontinent (formerly Central Region) and Gulf Coast regions. Apache’s Midcontinent/Gulf Coast Region holds 2.8 million gross acres and includes 3,402 producing wells primarily in western Oklahoma, the Texas Panhandle and south Texas.
Total region production in 2015 was 73 thousand barrels of oil equivalent per day comprising 13 percent of Apache’s worldwide production. The region’s year-end 2015 estimated proved reserves were 154 million barrels of oil equivalent. In 2015, Apache drilled or participated in drilling 127 wells with a 99 percent success rate. The region focused on drilling activities in the Canyon Lime, Eagle Ford, Marmaton, and Woodford formations with consistently strong results. Apache is active in the Woodford-SCOOP play in Central Oklahoma targeting the Woodford formation, where we drilled or participated in drilling 33 wells. The region continues to work on optimizing fracture geometry and well spacing to reduce costs in this play. Apache’s prolific Canyon Lime and Woodford plays will again be a focus area for region drilling activity in 2016.
|Oil production (Bpd)||13,727||21,486|
|Total liquids production (Bpd)||29,565||39,808|
|Natural gas production (Mcfd)||141,273||179,578|
|Barrels of oil equivalent per day||53,111||69,737|