|Traded as||NYSE: APA|
S&P 500 Index component
|John J. Christmann IV, CEO|
|465 thousand barrels of oil equivalent (2,840,000 GJ) per day|
|Revenue||$7.348 billion (2018)|
|$0.040 billion (2018)|
|Total assets||$21.582 billion (2018)|
|Total equity||$8.812 billion (2018)|
Number of employees
|Footnotes / references|
|% of total|
|Area||Proved Reserves as of year-end 2018||2018 Production||Areas of Operation|
|United States||72%||56%||Permian Basin, western Oklahoma, the Texas Panhandle, and south Texas.|
|North Sea||11%||12%||Forties oilfield|
In 1960, the company acquired interests in the Foshay Tower, a Minneapolis landmark. The 32-story imitation of the Washington Monument, became Apache's headquarters from the early 1960s until 1984.
In 1967, the oil well Fagerness #1 was drilled, yielding the company's first major discovery.
In 1971, the company formed Apache Exploration Company (subsequently "Apexco") as its oil and gas operating company.
In 1993, the company acquired Hadson Energy Resources in a $58 million transaction, expanding its assets to offshore Western Australia.
In 1994, the company began operations in Egypt by acquiring a 25 percent non-operated interest in the Qarun Concession, operated by the Phoenix Resource Companies. Production began in December 1995.
In 1995, the company also acquired 315 oil and gas fields in the Permian Basin, the Texas-Louisiana Gulf Coast, western Oklahoma, East Texas, the Rocky Mountains and the Gulf of Mexico from Texaco.
In 1996, the company acquired Phoenix Resources and took over operations of the Qarun Concession in Egypt.
In 2002, the company drilled its first deepwater wells in the West Mediterranean Concession of offshore Egypt.
In October 2005, the company partially sold its stake in the deepwater section of Egypt's concession.
In February 2010, the company started production from the Van Gogh development offshore Western Australia.
In March 2010, a Federal judge upheld the company's decision to exclude from its annual meeting ballot a corporate governance proposal from a person who had not proven on a timely basis that he actually was one of the company's shareholders.
In November 2010, the company acquired Mariner Energy for $2.7 billion.
In May 2012, the company acquired Cordillera Energy Partners for $2.5 billion in cash and 6.3 million shares of common stock. The acquisition added approximately 71 million barrels of oil equivalent (430,000,000 GJ) to Apache's reserves and strengthened its position across western Oklahoma and the Texas Panhandle.
In 2016, the company sold its interest in the Scottish Area Gas Evacuation pipeline.
2013 toxic waste spill
On June 1, 2013 an Apache pipeline in northern Alberta, Canada was noticed to have ruptured, spilling 60,000 barrels (9.5 million litres) of toxic waste in what was cited as one of the largest of such disasters in recent history in North America.
In June 2008, the natural gas pipeline explosion at Apache's processing hub on Varanus Island led to the 2008 Western Australian gas crisis. The Australian government was forced to drop charges as a result of a technicality.
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- Biddle, Fred Marc (May 22, 1986). "Oil Partnership To Buy 4 Firms Of Occidental". Chicago Tribune.
- "Amoco Unit in Deal To Sell U.S. Reserves". The New York Times. Reuters. May 3, 1991.
- "Apache to Double Reserves with Amoco Deal". Oil and Gas Journal. May 13, 1991.
- Stuart, Lettice (April 15, 1992). "Real Estate; Office Space In Houston: Plenty of It". The New York Times.
- "Apache to Buy 68% Stake in Hadson Energy". The New York Times. June 19, 1993.
- "Egypt western desert activity hits high gear". Oil and Gas Journal. November 4, 1996.
- "Apache to Acquire Dekalb Energy". The New York Times. December 22, 1994.
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- "Apache to Acquire Repsol's Egypt Interests for US$410 Million; A 'Step Change' for Apache's Already Formidable Operations in Egypt" (Press release). PR Newswire. January 23, 2001.
- "Apache Reports Third Successful Gas Discovery in Deep Water Offshore Egypt" (PDF). 2002.
- "Apache to buy North Sea Forties oil field stake, Gulf of Mexico assets from BP for $1.3 billion". Oil & Gas Journal. January 13, 2003.
- "ExxonMobil and Apache Announce Program to Expand Exploration and Development in Western Canada" (Press release). PR Newswire. May 5, 2005.
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- "Apache tests Exmouth basin well off W. Australia". Oil & Gas Journal. June 22, 2007.
- Driver, Anna (February 10, 2010). "Apache has first oil from Van Gogh". Reuters.
- Steffy, Loren (March 11, 2010). "Apache can reject proxy proposal, judge rules". Houston Chronicle.
- "Apache Completes Acquisition of Devon's Gulf of Mexico Shelf Assets" (Press release). PR Newswire. June 10, 2010.
- Helman, Christopher (August 16, 2010). "Inside BP's $7 Billion Deal With Apache". Forbes.
- "Apache, Mariner merger complete". American City Business Journals. November 10, 2010.
- Petzet, Alan (March 26, 2012). "Apache presses Egypt Faghur basin discoveries, 3D". Oil & Gas Journal.
- "Apache Completes Acquisition of ExxonMobil's Beryl Field, Other UK North Sea Assets" (Press release). PR Newswire. January 3, 2012.
- "Apache Completes Cordillera Energy Partners III, LLC Acquisition" (Press release). PR Newswire. May 1, 2012.
- "Apache Completes Egypt Partnership With Sinopec" (Press release). PR Newswire. November 14, 2013.
- "Apache agrees to sell Australian operations for $2.1 billion" (Press release). PR Newswire. April 8, 2015.
- WILLIAMSON, MARK (November 30, 2016). "US giant sells North Sea assets". The Herald.
- CRYDERMAN, KELLY (July 6, 2017). "Apache joins foreign exit from Canada's energy sector". The Globe and Mail.
- "Massive Alberta waste water spill will kill plants, says ecologist". CBC News. 13 June 2013.
- VANDERKLIPPE, NATHAN (June 12, 2013). "Toxic waste spill in northern Alberta biggest of recent disasters in North America". The Globe and Mail.
- Spooner, Rania; King, Rhianna (March 29, 2012). "State drops lawsuit over Varanus Island gas explosion". WAtoday.
- "Varanus gas explosion report slams Apache Energy". ABC News (Australia). 24 May 2012.
- "Farris SEC letter dated October 2, 2007" (PDF). U.S. Securities and Exchange Commission.
- Business data for Apache Corporation:
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