U.S. GULF COAST ONSHORE
|Oil production (Bpd)||11,126|
|Natural gas production (Mcfd)||110,889|
|Natural gas liquids production (Bpd)||2,216|
|Barrels of oil equivalent per day||31,823|
U.S. GOM DEEPWATER
|Oil production (Bpd)||7,564|
|Natural gas production (Mcfd)||11,804|
|Natural gas liquids production (Bpd)||566|
|Barrels of oil equivalent per day||10,098|
Our Gulf of Mexico assets are located in areas primarily onshore and offshore Texas, Louisiana, Alabama, and Mississippi. The area is divided into two regions: Gulf of Mexico (GOM) Deepwater, and Gulf Coast Onshore.
On Sept. 30, 2013, Apache announced it had completed the previously announced sale of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC, a portfolio company of Riverstone Holdings, for $3.75 billion in cash (subject to customary post-closing adjustments) and assumption of liabilities for future abandonment costs of the properties with a discounted value of $1.5 billion. Apache retained 50 percent of its ownership interest in all exploration blocks and in horizons below production in developed blocks, where high-potential deep hydrocarbon plays are being tested. Read the news release.
The GOM Deepwater Region contributed only two percent of Apache’s worldwide production in 2012; however, there are several large projects and developments underway that could spur significant growth. After drilling two wells in 2011, we drilled five wells in 2012 with a 60-percent success rate. Seven wells are planned for drilling in the areas in which we hold an interest during 2013.
Apache’s Gulf Coast Onshore Region has a significant acreage position of approximately 1.4 million gross acres, including 330,000 mineral fee acres. The region drilled or participated in drilling 35 wells during 2012 and plans to drill or participate in approximately 39 wells in 2013.