Apache Corporation NYSE: APA is an independent oil and gas corporation based in Houston,
Texas.
Apache has become a large multinational company, with
regional offices and operations in Argentina, Australia, Canada, Egypt and UK
North Sea.
In 2006, Apache's market capitalization was approximately
$21 billion. The company reserves are roughly half oil and half natural gas.
In
1954, Apache Oil Corporation is founded in Minneapolis, Minnesota,
by Truman Anderson, Raymond Plank and Charles Arnao. In 1955 the first wells
were drilled in the Cushing field, between Tulsa and Oklahoma City.
Apache acquired interests in the Foshay Tower (a Minneapolis landmark). The
32-story imitation of the Washington Monument, will become Apache’s headquarters
location from the early ‘60s until 1984. In 1967 Fagerness #1 oil discovery.
In 1970, Apache expanded in agriculture with the acquisition of
Fresno, California’s S&J Ranch. Apache Corporation formed Apache Exploration Company
(subsequently “Apexco”) as the oil and gas operating child company. In 1980,
Apache acquired non-operating interest (through participation in the
Shell Joint Venture) in the Gulf Of Mexico, opening the door to production on the
Offshore Continental Shelf.
In 1987 Apache moved its headquarters
of 33 years from Minneapolis to Denver.
In 1991 Apache acquired the MW
Petroleum assets from Amoco, buying Apache a position in the Permian Basin of West
Texas. Apache Headquarters moved to Houston, Texas then acquires Hadson Energy
Resources, expanding Apache's assests to offshore Western Australia.
exico.
In 2005 Apache and ExxonMobil completed a series of agreements that
provided for transfers and joint ventures across a broad range of properties.
|
