Apache Corp. (APA)

Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company has exploration and production interests in the Gulf of Mexico, the Gulf Coast, east Texas, the Permian basin, the Anadarko basin, and the Western Sedimentary basin of Canada; and onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea, and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego. Apache Corporation sells its natural gas to local distribution companies, utilities, end-users, integrated oil and gas companies, and marketers; and crude oil to integrated oil companies, marketing and transportation companies, and refiners. As of December 31, 2009, it had total estimated proved reserves of 1,067 million barrels of crude oil, condensate, and natural gas liquids, as well as 7.8 trillion cubic feet of natural gas. The company was founded in 1954 and is based in Houston, Texas.

For the nine months ended 30 September 2006, Apache Corporation's revenues rose 15% to $6.32B. Net income applic. to Common rose 11% to $2.03B. Revenues reflect increased oil & gas production revenues and the presence of $173.5M gain on China divestiture. Net income was partially offset by higher depreciation & depletion expenses, increased lease operating costs, higher gathering & transportation costs and increased interest expenses.