Page 140

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

United States

Total Equivalent Reserves (Thousands barrels of oil equivalent) North Canada Egypt(1) Australia Sea Argentina

Proved developed reserves: December 31, 2012 . . . . . . . . . . . . . 1,021,610 390,800 December 31, 2013 . . . . . . . . . . . . . 976,795 322,362 December 31, 2014 . . . . . . . . . . . . . 897,422 258,848 December 31, 2015 . . . . . . . . . . . . . 726,424 209,647 Proved undeveloped reserves: December 31, 2012 . . . . . . . . . . . . . 402,677 150,113 December 31, 2013 . . . . . . . . . . . . . 370,566 139,509 December 31, 2014 . . . . . . . . . . . . . 336,670 155,028 December 31, 2015 . . . . . . . . . . . . . 120,210 70,300 Total proved reserves: Balance December 31, 2012 . . . . . . . . 1,424,287 540,913 Extensions, discoveries and other additions . . . . . . . . . . . . . . . . . . . . 253,578 74,107 Purchase of minerals in-place . . . . . 273 Revisions of previous estimates . . . . 13,482 18,274 Production . . . . . . . . . . . . . . . . . . . . (121,074) (39,177) Sale of properties . . . . . . . . . . . . . . . (223,185) (132,246)

221,819 222,880 236,256 275,033

128,395 126,948 136,707 -

137,626 117,457 122,058 120,293

81,695 66,494 -

1,981,945 1,832,936 1,651,291 1,331,397

51,464 48,028 43,446 26,929

213,811 199,240 186,534 -

31,563 32,633 23,301 14,897

20,106 23,504 -

869,734 813,480 744,979 232,336

273,283

342,206

169,189

101,801

2,851,679

51,135 5 859 (54,374) -

4,764 (135) (20,647) -

2,001 5,698 24 (26,822) -

3,751 35 (15,589) -

326,188

150,090

89,998

17,780 (216) (20,511) -

21,354 (18) (26,067) -

5 (2,856) (87,147)

Balance December 31, 2013 . . . . . . . . 1,347,361 461,871 270,908 Extensions, discoveries and other additions . . . . . . . . . . . . . . . . . . . . 138,413 74,666 60,877 Purchase of minerals in-place . . . . . 21,712 Revisions of previous estimates . . . . 11,662 (2,800) 2,776 Production . . . . . . . . . . . . . . . . . . . . (106,225) (28,313) (54,859) Sale of properties . . . . . . . . . . . . . . . (178,831) (91,548) -

Balance December 31, 2014 . . . . . . . . 1,234,092 413,876 279,702 323,241 Extensions, discoveries and other additions . . . . . . . . . . . . . . . . . . . . 26,488 26,226 40,464 Purchase of minerals in-place . . . . . 6,860 Revisions of previous estimates . . . . (322,123) (87,081) 34,797 12,549 Production . . . . . . . . . . . . . . . . . . . . (91,591) (24,706) (53,001) (8,503) Sale of properties . . . . . . . . . . . . . . . (232) (55,228) - (327,287)

145,359

-

24,227 (6,305) (26,011) (2,080)

-

Balance December 31, 2015 . . . . . . . .

135,190

-

846,634

279,947

(1)

Total(1)

301,962

-

389,336 5,976 32,539 (277,683) (355,431) 2,646,416 313,095 21,712 11,404 (238,831) (357,526) 2,396,270 117,405 6,860 (368,163) (203,812) (384,827) 1,563,733

2015, 2014, and 2013 include total proved reserves of 101 MMboe, 93 MMboe, and 90 MMboe, respectively, attributable to a noncontrolling interest in Egypt.

F-58

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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