Gulf of Mexico

Gulf of Mexico

The Gulf of Mexico region comprises assets in the offshore waters of the Gulf of Mexico and onshore Louisiana. Apache has interests in several deep-water exploration and development offshore leases, when it sold substantially all of its offshore assets in water depths less than 1,000 feet, it retained a 50-percent ownership interest in all exploration blocks and in horizons below production in development blocks and access to existing infrastructure. Apache’s offshore technical teams continue to focus on evaluating subsalt and other deeper exploration opportunities in water depths less than 1,000 feet where high-potential deep hydrocarbon plays may exist and which have been relatively untested by the industry. During 2016, Apache’s Gulf of Mexico Region contributed 7,816 barrels of oil equivalent per day to the company’s total production. During 2017, the company expects to participate in one nonoperated exploration well.

U.S. GULF OF MEXICO OPERATIONAL HIGHLIGHTS

  First-QUARTER
2017
First-QUARTER
2016
Oil production (Bpd) 4,376 4,166
Total liquids production (Bpd) 4,808 4,537
Natural gas production (Mcfd) 15,769 13,328
Barrels of oil equivalent per day 7,437 6,759

 

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