|Oil production (Bpd)||73,910|
|Natural gas production (Mcfd)||190,192|
|Natural gas liquids production (Bpd)||26,057|
|Barrels of oil equivalent per day||131,665|
Our Permian Region controls over 3.5 million gross acres with exposure across every major play in the Permian Basin. The region’s property and acreage base has increased substantially over the last three years through an active acquisition effort. Apache is now one of the largest operators in the Permian Basin, operating more than 12,000 wells in 152 fields, including 47 waterfloods and seven active CO2 floods, including the Roberts Unit, which initiated CO2 injection in January 2013. In 2012, liquids production in the region was up 25 percent, contributing to a total sequential production increase of over 18 percent as a result of an active drilling program that is continuing to ramp up. The Permian Region’s year-end 2012 estimated proved reserves were 800 million barrels of oil equivalent (MMboe) and represented 28 percent of Apache’s total proved reserves.
A key focus area of our activity during the year continued to be the multi-zone development of the Deadwood area. Our active drilling program has resulted in production growth for the past eight sequential quarters, rising 37 percent over the past two years. Given a current inventory of over 34,000 locations, the region has a deep portfolio of drilling opportunities for multiple years.
NORTHWEST SHELF - YESO