Portfolio

United States

Subsidiary: Apache Corporation

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. The company’s U.S. producing assets are primarily located in the Permian Basin in West Texas, including the Midland and Delaware sub-basins. APA also has legacy operations located offshore in the Gulf of America.

Apache has been operating in the Permian Basin 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, 2024, the company has nearly 4,300 wells covering a gross acreage position of 2.7 million acres with exposure to numerous plays primarily located in the Midland Basin and the Delaware Basin. The company has estimated proved reserves of 695 MMboe, representing 72% of its worldwide proved reserves. In 2024, the U.S. total production was 103.6 MMboe or 62% of total production.

Apache’s presence in the Gulf Coast and Gulf of America 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, 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 America, the company has interest in several deepwater exploration and development offshore leases. In 2013, when the company sold 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 the data on this page is current as of Dec. 31, 2024. For the latest on Apache’s U.S. operations, see the company’s quarterly updates and disclosures on the Investors page.