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Apache's Homecoming Pays Off

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By Leslie Haines, Hart Energy
March 21, 2014

Last year in North America, Apache Corp. (NYSE: APA) averaged 79 rigs and drilled 1,300 wells. That renewed focus closer to home paid off, as the company enjoyed organic production replacement of 230%. It grew its liquids production in North America by 34%.

“In 2009 we were 34% North America production and today we find ourselves at 60%,” John Christmann, COO North America, told the Houston Producers Forum.

“Companies go through life cycles. From 1998 to 2009, Apache used domestic cash flow from the Midcontinent and Gulf of Mexico (GoM) ...

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