Apache Corporation

Apache Corporation is an American independent oil and gas corporation. It is headquartered in 1 Post Oak Central in the Uptown district of Houston, Texas.Apache has become a large multinational company, with regional offices and operations in the United States, Argentina, Australia, Canada, Egypt and UK North Sea.The company's proved reserves at year-end 2010 totaled 2.95 billion barrels of oil equivalent, roughly half oil and half natural gas.In 2001 with $410 million acquisition of Repsol they expand their oil and gas operations in Egypt’s Western Desert. In 2002 Apache Corporation drilled its first deepwater wells in the West Mediterranean Concession of offshore Egypt. In 2003 they acquired the Forties Field, the largest field ever discovered in the United Kingdom North Sea from BP. In 2005 Apache and ExxonMobil completed a series of agreements that provided for transfers and joint ventures across a broad range of properties in the Permian Basin of West Texas and New Mexico, Western Canada, onshore Louisiana, and the Gulf of MexicoShelf. In 2006 they completed the sale of their oil production interest in China to Australia-based ROC Oil Company Limited for US$260 million. It also bought a large majority of BP's Gulf of Mexico Shelf properties. In 2007 A test horizontal well at the Van Gogh project, in Exmouth Gulf, Western Australia, produced 9,694 barrels per day. Again in 2007, Apache CEO G. Steven Farris writes to the U.S. Securities and Exchange Commission in favor of limits on nonbinding shareholder proposals at public company annual meetings.In 2008 the natural gas pipeline explosion at Apache's Varanus Island processing hub on 3 June 2008 curtailed supplies to industrial customers in Western Australia. Apache restored 60 percent of Varanus Island gas deliveries on August 8, 2008.Various litigation has been instigated as a result of the Varanus Island gas pipeline explosion, including a claim lodged in Texas by Pankaj Oswal of Burrup Holdings. This case is ongoing.

Net income $ 4.584 billion (2011)

Total assets $ 52.051 billion (2011)