APA Corporation

Website

Address

2000 Post Oak Blvd, Suite 100
Houston, TX 77056-4400

Phone

(713) 296-6000

Company Description

APA Corporation’s subsidiaries have operations in the United States, Egypt’s Western Desert and the United Kingdom’s North Sea and exploration opportunities offshore Suriname.

In 2021, Apache Corporation moved to a holding company structure under APA Corporation, the public company trading on the Nasdaq stock exchange. APA acquired the Suriname and Dominican Republic subsidiaries from Apache. Apache Corporation is a direct, wholly-owned subsidiary of APA and continues to hold assets in the U.S., subsidiaries in Egypt and the U.K., and economic interests in Altus Midstream Company and Altus Midstream LP.

Operations

APA Corporation has been operating in the Permian Basin of Texas and New Mexico 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, 2021, the company has nearly 6,000 wells covering a gross acreage position of 3.8 million acres with exposure to numerous plays primarily located in the Midland Basin, the Central Basin Platform/Northwest Shelf and the Delaware Basin. The company has estimated proved reserves of 616 MMboe, representing 67% of its worldwide proved reserves. In 2021, the U.S. total production was 83.7 MMboe or 59% of total production.