Page 143

APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) The following table sets forth the principal sources of change in the discounted future net cash flows:

Sales, net of production costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net change in prices and production costs . . . . . . . . . . . . . . . . . . . . . . . Discoveries and improved recovery, net of related costs . . . . . . . . . . . Change in future development costs . . . . . . . . . . . . . . . . . . . . . . . . . . . Previously estimated development costs incurred during the period . . Revision of quantities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases of minerals in-place . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accretion of discount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Change in income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sales of properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Change in production rates and other . . . . . . . . . . . . . . . . . . . . . . . . . .

For the Year Ended December 31, 2015 2014 2013 (In millions) $ (4,056) $ (10,350) $ (12,271) (21,710) (1,029) 1,438 1,953 6,297 6,892 705 (1,136) (2,017) 1,991 4,462 4,654 (2,292) 256 500 22 508 227 3,642 4,442 4,823 7,264 836 855 (5,240) (4,780) (6,232) (3,343) (442) (828) $

F-61

(21,064) $

(936) $

(1,959)

Apache 2015 Summary Annual Report  

Adapting to a changing environment

Read more
Read more
Similar to
Popular now
Just for you