Exploring what's possible in the Gulf of Mexico requires the energy and initiative to pursue a productive and responsible future.
|Oil production (Bpd)||134,123|
|Natural gas production (Mcfd)||854,099|
|Natural gas liquids production (Bpd)||33,527|
|Proved reserves (Mboe)||1,424,286|
|Gross well drilled/productive||1,052/1,035|
Our Gulf Coast assets are primarily located in and along the Gulf of Mexico (GOM), in the areas onshore and offshore Texas, Louisiana, Alabama, and Mississippi. The area is divided into three regions, which include the GOM Shelf, GOM Deepwater, and Gulf Coast Onshore.
In the GOM Shelf Region, Apache is currently the largest producer and has been the largest offshore held-by-production acreage owner since 2004, holding approximately three million gross acres. The region contributed 12 percent of our worldwide production and revenue during 2012 and drilled or participated in 36 wells with an 80-percent success rate, consistent with activity levels of the prior two years.
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.