|Headquarters||Houston, Texas, U.S.|
|John J. Christmann IV, CEO|
|473 thousand barrels of oil equivalent (2,890,000 GJ) per day|
|Revenue||US$6.315 billion (2019)|
|US$−3.553 billion (2019)|
|Total assets||US$18.107 billion (2019)|
|Total equity||US$4.465 billion (2019)|
Number of employees
|Footnotes / references|
As of December 31, 2017, the company had 1.175 billion barrels of oil equivalent (7.19×109 GJ) of estimated proved reserves, of which 69% was in the United States, 20% was in Egypt, and 11% was in the North Sea.
|% of total|
|Area||Proved Reserves as of year-end 2019||2019 Production||Areas of Operation|
|United States||68%||59%||Permian Basin, western Oklahoma, the Texas Panhandle, and south Texas.|
|North Sea||13%||13%||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 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.
In 2020, Apache admitted its once highly touted 'Alpine High' discovery was determined to be a bust after the company spent $3 Billion on the play. Steven Keenan, VP of global exploration and Lead Geologist on the play resigned once Alpine High was declared a failure. In 2020, its stock was delisted from the New York Stock Exchange in favor of solely listing shares on NASDAQ.
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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- Business data for Apache Corporation: