Page 130

APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 13.

BUSINESS SEGMENT INFORMATION

Apache is engaged in a single line of business. Both domestically and internationally, the Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. At December 31, 2015, the Company had production in four countries: the United States, Canada, Egypt, and the U.K. North Sea. Apache also pursues exploration interests in other countries that may over time result in reportable discoveries and development opportunities. Financial information for each country is presented below: United States 2015 Oil and gas production revenues . . . . . . . . $ Operating Expenses: Depreciation, depletion, and amortization: Recurring . . . . . . . . . . . . . . . . . . . . . . Additional . . . . . . . . . . . . . . . . . . . . . . Asset retirement obligation accretion . . . Lease operating expenses . . . . . . . . . . . . Gathering and transportation . . . . . . . . . Taxes other than income . . . . . . . . . . . . .

2,637 $

1,522 19,537 28 739 68 184

Operating Income (Loss) . . . . . . . . . . . . . . $ (19,441) $

Other Egypt(1) North Sea International (In millions)

Canada

498 $

312 3,667 43 244 89 26 (3,883) $

1,968 $

1,280

1,275 281 522 45 9

746 2,032 74 349 9 63

(164) $

(1,993)

$

$

Total(1)

- $

6,383

-

3,855 25,517 145 1,854 211 282

-

(25,481)

Other Income (Expense): Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . Impairments . . . . . . . . . . . . . . . . . . . . . . General and administrative . . . . . . . . . . . Transaction, reorganization, and separation . . . . . . . . . . . . . . . . . . . . . . Financing costs, net . . . . . . . . . . . . . . . .

(17) (1,920) (377) (132) (299)

Net Loss From Continuing Operations Before Income Taxes . . . . . . . . . . . . . . .

$ (28,226)

Net Property and Equipment . . . . . . . . . . . $

5,826 $

1,314 $

3,998 $

2,929

$

52 $

14,119

Total Assets . . . . . . . . . . . . . . . . . . . . . . . . $

7,113 $

1,465 $

6,249 $

3,951

$

64 $

18,842

Additions to Net Property and Equipment . . . . . . . . . . . . . . . . . . . . . . . $

2,454 $

324 $

915 $

733

$

28 $

4,454

F-48

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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