Apache Corporation (Energy)
 |
|
| Public | |
| Traded as | |
| Industry | Petroleum industry |
| Founded | 1954 |
| Founder | Truman Anderson Charles Arnao Raymond Plank |
| Headquarters | Houston, Texas |
|
Key people
|
John J. Christmann IV, CEO |
| Products |
Petroleum Natural gas |
|
Production output
|
457 thousand barrels of oil equivalent (2,800,000 GJ) per day |
| Revenue |
 $5.887 billion (2017) |
|
$1.304 billion (2017) |
|
| Total assets |
 $21.922 billion (2017) |
| Total equity |
$8.791 billion (2017) |
|
Number of employees
|
3,356 (2017) |
| Website | apachecorp |
|
Footnotes / references |
|
Apache Corporation is an American petroleum and natural gas exploration and production company incorporated in Delaware and headquartered in Houston. The company is on the Fortune 500.
In 2017, the company's total production was 457 thousand barrels of oil equivalent (2,800,000 GJ) per day, of which 51% was in the United States, 36% was in Egypt, and 13% was in the North Sea.
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.
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.
The company has been operating in remote areas of the Libyan Desert in Egypt since 1994 and has not experienced disruptions from political turmoil.
The company 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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