Apache Corp.
 |
|
| Public company | |
| Traded as | : APA S&P 500 Component |
| Industry | Petroleum industry |
| Founded | 1954 |
| Founder | Truman Anderson Charles Arnao Raymond Plank |
| Headquarters | Houston, Texas, United States |
|
Key people
|
John J. Christmann IV (CEO) |
| Products |
Petroleum Natural gas |
|
Production output
|
522 thousand barrels of oil equivalent (3,190,000 GJ) per day |
| Revenue |  US$5.367 billion (2016) |
 -US$1.372 billion (2016) |
|
| Total assets | US$22.519 billion (2016) |
| Total equity | US$7.679 billion (2016) |
|
Number of employees
|
3,727 (December 31, 2016) |
| Website | ApacheCorp.com |
Apache Corporation is a petroleum and natural gas exploration and production company headquartered in Houston, Texas.
The company is ranked #388 on the Fortune 500.
In 2016, the company's total production was 521 thousand barrels of oil equivalent (3,190,000 GJ) per day, of which 43% was in the United States, 11% was in Canada, 33% was in Egypt, and 13% was in the North Sea.
As of December 31, 2016, the company had 1.311 billion barrels of oil equivalent (8.02×109 GJ) of estimated proved reserves, of which 56% was in the United States, 13% was in Canada, 21% was in Egypt, and 9% was in the North Sea.
Almost all of the company's reserves in the United States are in the Permian Basin. The company also has reserves in western Oklahoma, the Texas Panhandle, and south Texas.
Apache has been operating in Egypt since 1994. Despite the political turmoil in Egypt, the company's operations, which are in remote areas of the Western Desert, have not experienced production interruptions.
Apache has been operating in the North Sea since 2003, predominately in the Forties oilfield.
In 1954, the Apache Oil Corporation was founded in Minneapolis, Minnesota, by Truman Anderson, Raymond Plank and Charles Arnao with $250,000 in funding.
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Wikipedia