Page 137

APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) There are numerous uncertainties inherent in estimating quantities of proved reserves and projecting future rates of production and timing of development expenditures. The reserve data in the following tables only represent estimates and should not be construed as being exact. Crude Oil and Condensate (Thousands of barrels) United North States Canada Egypt(1) Australia Sea Argentina Proved developed reserves: December 31, 2012 . . . . . . . . . . . . . . . December 31, 2013 . . . . . . . . . . . . . . . December 31, 2014 . . . . . . . . . . . . . . . December 31, 2015 . . . . . . . . . . . . . . . Proved undeveloped reserves: December 31, 2012 . . . . . . . . . . . . . . . December 31, 2013 . . . . . . . . . . . . . . . December 31, 2014 . . . . . . . . . . . . . . . December 31, 2015 . . . . . . . . . . . . . . . Total proved reserves: Balance December 31, 2012 . . . . . . . . . . Extensions, discoveries and other additions . . . . . . . . . . . . . . . . . . . . . Purchase of minerals in-place . . . . . . . Revisions of previous estimates . . . . . Production . . . . . . . . . . . . . . . . . . . . . . Sale of properties . . . . . . . . . . . . . . . .

Total(1)

474,837 457,981 444,440 348,797

79,695 80,526 75,876 67,847

106,746 119,242 128,712 144,164

29,053 22,524 29,996 -

119,635 100,327 105,746 104,255

15,845 14,195 -

825,811 794,795 784,770 665,063

203,068 195,835 170,125 60,505

70,650 56,366 59,923 38,326

17,288 16,302 14,617 17,856

34,808 36,703 25,775 -

28,019 29,253 19,059 11,309

2,981 2,231 -

356,814 336,690 289,499 127,996

677,905

150,345

124,034

63,861

147,654

18,826

1,182,625

2,539 (118) (7,055) -

1,543 3,623 18 (23,258) -

998 24 (3,422) -

Balance December 31, 2013 . . . . . . . . . . 653,816 136,892 135,544 Extensions, discoveries and other additions . . . . . . . . . . . . . . . . . . . . . 57,011 9,657 38,074 Purchase of minerals in-place . . . . . . . 15,240 Revisions of previous estimates . . . . . 3,083 (812) 1,801 Production . . . . . . . . . . . . . . . . . . . . . . (48,789) (6,421) (32,090) Sale of properties . . . . . . . . . . . . . . . . (65,796) (3,517) -

59,227

129,580

16,426

4,254 (216) (7,494) -

17,386 (7) (22,154) -

5 (620) (15,811)

Balance December 31, 2014 . . . . . . . . . . 614,565 135,799 143,329 Extensions, discoveries and other additions . . . . . . . . . . . . . . . . . . . . . 13,903 4,550 24,524 Purchase of minerals in-place . . . . . . . 1,763 Revisions of previous estimates . . . . . (173,907) (27,966) 25,407 Production . . . . . . . . . . . . . . . . . . . . . . (45,138) (5,755) (31,240) Sale of properties . . . . . . . . . . . . . . . . (121) (2,218) -

55,771

124,805

-

11,189 (2,778) (64,182)

16,579 (2,255) (21,657) (1,908)

-

59,556 1,763 (167,532) (106,568) (68,429)

115,564

-

793,059

133,227 10,177 43,738 85 5 1,683 (531) 457 (53,621) (6,469) (32,690) (105,463) (16,630) -

Balance December 31, 2015 . . . . . . . . . . 409,302

106,173

(1)

162,020

-

192,222 3,713 1,533 (126,515) (122,093) 1,131,485 126,387 15,240 3,849 (117,568) (85,124) 1,074,269

2015, 2014, and 2013 includes proved reserves of 54 MMbbls, 48 MMbbls, and 45 MMbbls, respectively, attributable to a noncontrolling interest in Egypt.

F-55

Apache 2015 Summary Annual Report  

Adapting to a changing environment

Read more
Read more
Similar to
Popular now
Just for you