Apache Corporation

Houston, TX United States

  (NYSE: APA)

Company Description

There's more than only a patch of oil for Apache. The oil and gas exploration and production company has onshore and offshore operations in major oil patches around the world, in North America as well as in Argentina, Australia, Egypt, and the UK North Sea. Its five North American regions include the Gulf of Mexico, the Gulf Coast of Texas and Louisiana, the Permian Basin in West Texas, the Anadarko Basin in Oklahoma, and Canada's Western Sedimentary Basin. In 2011 the company reported estimated proved reserves of about 3 billion barrels of oil equivalent. Apache spreads its production risks both through geographic diversification and through mixing low- and higher-risk properties in its portfolio.