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Production, Pricing, and Lease Operating Cost Data The following table describes, for each of the last three fiscal years, oil, NGL, and gas production volumes, average lease operating costs per boe (including transportation costs but excluding severance and other taxes), and average sales prices for each of the countries where we have operations:

Oil (MMbbls)

Production NGLs (MMbbls)

Gas (Bcf)

2015 United States . . . . . . . . . . Canada . . . . . . . . . . . . . . . Egypt(1) . . . . . . . . . . . . . . North Sea . . . . . . . . . . . . . Total . . . . . . . . . . . .

45.1 5.8 31.2 21.7 103.8

19.7 2.2 0.4 0.4 22.7

160.6 100.3 128.2 23.7 412.8

$

8.81 13.46 10.69 13.74 10.56

$

45.71 42.33 50.65 51.26 48.17

$

9.72 5.52 30.97 26.53 9.98

$

2.38 2.41 2.92 6.73 2.80

2014 United States . . . . . . . . . . Canada . . . . . . . . . . . . . . . Egypt(1) . . . . . . . . . . . . . . North Sea . . . . . . . . . . . . . Total . . . . . . . . . . . .

48.7 6.4 32.1 22.2 109.4

21.5 2.3 0.2 0.5 24.5

215.8 117.8 135.1 20.5 489.2

$

9.55 17.90 9.83 17.30 11.66

$

87.33 83.57 97.44 95.53 91.73

$

25.57 33.61 51.80 59.42 27.28

$

4.33 4.07 2.96 8.29 4.05

2013 United States . . . . . . . . . . Canada . . . . . . . . . . . . . . . Egypt(1) . . . . . . . . . . . . . . North Sea . . . . . . . . . . . . . Total . . . . . . . . . . . .

53.6 6.5 32.7 23.3 116.1

19.9 2.4 – 0.5 22.8

285.2 181.6 130.1 18.6 615.5

$

11.60 15.68 9.42 15.16 12.17

$

98.14 87.00 107.94 107.48 102.15

$

27.29 30.50 – 73.06 28.56

$

3.84 3.23 2.99 10.43 3.68

Year Ended December 31,

(1)

Average Sales Price Oil NGLs Gas (Per bbl) (Per bbl) (Per Mcf)

Average Lease Operating Cost per Boe

Includes production volumes attributable to a one-third noncontrolling interest in Egypt.

Gross and Net Undeveloped and Developed Acreage The following table sets out our gross and net acreage position as of December 31, 2015, in each country where we have operations: Undeveloped Acreage Developed Acreage Gross Acres Net Acres Gross Acres Net Acres (in thousands)

United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Canada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Egypt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . North Sea . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7,738 980 4,913 832 14,463

3,979 771 3,568 379 8,697

2,236 2,596 1,805 153 6,790

1,166 1,889 1,698 116 4,869

As of December 31, 2015, Apache had 2.3 million net undeveloped acres scheduled to expire by year-end 2016 if production is not established or we take no other action to extend the terms. Additionally, Apache has 1.5 million and 700,000 net undeveloped acres set to expire in 2017 and 2018, respectively. We strive to extend the terms of many of these licenses and concession areas through operational or administrative actions, but cannot assure that such extensions can be achieved on an economic basis or otherwise on terms agreeable to both the Company and third parties, including governments.

9

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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