Apache was founded in the United States in 1954 and has operated across different basins of the country throughout its history. Since 1992, its corporate headquarters have been in Houston, Texas, the center of the global natural gas and oil industry. Today, the company’s U.S. operations and interests are primarily focused in the Permian Basin but also include assets in the East Texas Eagle Ford/Austin Chalk, the Gulf Coast and the Gulf of Mexico.
Apache has been operating in the Permian Basin of Texas and New Mexico since the 1990s. The area has played a significant role in the company’s long-term strategy, offering both conventional and unconventional opportunities. As of Dec. 31, 2019, the company has more than 8,500 wells covering a net acreage position of more than 2.8 million acres with exposure to numerous plays focused in the Midland Basin, the Central Basin Platform/Northwest Shelf and the Delaware Basin. In the Permian Basin, Apache has estimated proved reserves of 665.8 MMboe, representing 66% of its worldwide proved reserves. In 2019, the annual production in the Permian Basin was 254,300 boe/d or 54% of total production.
Apache also holds an interest in the East Texas Eagle Ford shale/Austin Chalk play in Burleson and Brazos Counties.
Apache’s presence in the Gulf Coast and Gulf of Mexico includes fee acreage in southern Louisiana and interest in deepwater exploration and development. In Louisiana, Apache manages 270,000 acres of land to protect swamps and marshes and the species that call these areas home. The company’s efforts include rebuilding shorelines to keep out saltier waters that harm marsh grasses and supporting sustainable harvesting and ranching operations that have helped bring back alligators from the brink of extinction.
In the Gulf of Mexico, the company has interest in several deepwater exploration and development offshore leases. In 2013, when the company sold substantially all of its offshore assets in water depths less than 1,000 feet, it retained a 50% ownership interest in deeper targets and access to existing infrastructure, providing future optionality.
Please note that the data on this page is current as of Dec. 31, 2019. For the latest on Apache’s U.S. operations, please see our quarterly updates and disclosures on the Investors page.