Apache Corp

What Apache Corp does

Apache Corp is an oil and gas exploration and production company headquartered in Houston, Texas, operating as the primary E&P subsidiary of APA Corporation (NASDAQ: APA). The company was founded in 1954 in Minneapolis with six employees and $250,000 of initial capital and now employs more than 10,000 people across its international footprint. Its core activity is the exploration, drilling, and production of crude oil, natural gas, and natural gas liquids, sold primarily to refiners, processors, traders, and gas marketing counterparties under commodity-indexed pricing.

Operations span four geographies: the Permian Basin and Alaska in the United States, the Western Desert in Egypt via the Khalda joint venture with the Egyptian General Petroleum Corporation, the UK North Sea, and the offshore Block 58 in Suriname developed with TotalEnergies and PETRONAS. Estimated proved reserves stand at roughly 781 MMboe, anchored by approximately 4,000 wells across 2.6 million acres in the Permian, with a 2025 production mix of roughly 62% United States, 23% Egypt, and 7% United Kingdom. Underlying technology includes proprietary 3D seismic coverage of about 3 million acres in the Egyptian Western Desert and hydraulic-fracturing-based unconventional development in the Permian, alongside conventional offshore project execution in the North Sea and Suriname.

The business model is commodity sales of produced hydrocarbons at market-linked prices, with revenue and margin driven by realized oil and gas prices, lifting costs, and capital allocation across the upstream value chain. Strategic priorities lean on free-flow conversion of reserves to cash, expansion of the international portfolio (notably Suriname Block 58 first oil following the 2024 GranMorgu FID), and disciplined capital deployment including the 2026 acquisition of Savant Alaska for $70 million, while maintaining more than $5 billion of cumulative investment in Egypt over the prior five years.

Name

Apache Corp

Legal name

Apache Corporation

Website

https://apacorp.com

Company type

Public

Founded year

1954

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Apache Corp is a Houston-based oil and gas exploration and production company, operating subsidiary of APA Corporation, producing crude, natural gas, and NGLs across the US Permian and Alaska, the Egypt Western Desert, the UK North Sea, and Suriname Block 58.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

akta.pro secondary industries

Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Mineral Rights, Leasing & Land Management (EUALAAAB)

Keywords

• Oil exploration production
• Natural gas extraction
• Crude oil production
• Upstream energy operations
• Unconventional resource development

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Oil and Gas Production Sales: Apache generates revenue through the sale of crude oil, natural gas, and natural gas liquids produced from its exploration and production operations. Revenue is driven by commodity prices (WTI, Brent, Henry Hub) and production volumes across its portfolio of assets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Apache Corporation is an upstream oil and gas exploration and production company that produces and sells crude oil, natural gas, and natural gas liquids from assets in the United States (Permian Basin), Egypt (Western Desert), United Kingdom (North Sea), and Suriname (offshore Block 58). The company operates nearly 4,000 wells across 2.6 million gross acres, with 781 million barrels of oil equivalent of estimated proved reserves as of year-end 2025, and conducts exploration, development, and production through joint ventures including Khalda Petroleum Company with EGPC and the GranMorgu project with TotalEnergies in Suriname.

Product overview

Apache Corp, operating as a subsidiary of APA Corporation, is an oil and gas exploration and production company with operations across four countries: the United States (Permian Basin), Egypt (Western Desert), United Kingdom (North Sea), and Suriname (offshore). The company's primary products are crude oil and natural gas production. Through its joint venture Khalda Petroleum Company with the Egyptian General Petroleum Corporation, Apache conducts exploration, development, and production activities. APA Corporation also announced the GranMorgu project offshore Suriname for oil development. The company does not offer software products, SaaS platforms, or technology-as-a-service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Production
• Natural Gas Production
• Natural Gas Liquids (NGLs) Production

Quantifiable outcome

• 15 discoveries in H1 2025/26, adding approximately 15 million barrels of oil equivalent to reserves
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

13 partnerships are on record, tiered core and minor.

• TotalEnergiescoreStrategic or Co-development Partner · 1 January 2019Joint venture agreement established in 2019 to explore and develop Block 58 offshore Suriname. TotalEnergies is a key partner in the GranMorgu project which received final investment decision in October 2024. Together they have announced four discoveries offshore in Block 58.
• SinopecminorStrategic or Co-development Partner · 1 January 2013In 2013, Apache sold one-third of its interests in Egypt to Sinopec, which maintains a minority interest in the company's Egyptian operations. This partnership provides Sinopec exposure to Apache's established Egyptian operations.
• Egyptian General Petroleum Corporation (EGPC)coreStrategic or Co-development PartnerApache operates through its joint venture company Khalda Petroleum Company, a partnership with EGPC. This is Apache's primary operating structure in Egypt's Western Desert.
• PETRONASminorStrategic or Co-development PartnerPETRONAS holds a 30% working interest in Block 53 offshore Suriname, partnered with APA (45% operator) and TotalEnergies (25%).
• Lagniappe AlaskaminorStrategic or Co-development PartnerApache assumed operatorship of existing joint venture with Lagniappe Alaska following acquisition of Savant Alaska in 2026.
• Oil Search (Alaska)minorStrategic or Co-development PartnerApache assumed operatorship of existing joint venture with Oil Search (Alaska) following acquisition of Savant Alaska in 2026.
• Well-Safe SolutionsminorImplementation/ SI/ Consulting PartnerWell-Safe Solutions secured a multi-year contract with Apache North Sea to decommission platform and subsea wells in the Forties Field, with work beginning in 2026.
• Unite the UnionminorOthersUnite, the UK's largest offshore trade union, secured a recognition agreement with Apache covering over 250 offshore workers across seven assets in the North Sea.
• British Divers Marine Life Rescue (BDMLR)minorStrategic or Co-development PartnerApache partnered with BDMLR to support marine wildlife rescue operations across the UK. Apache's sponsorship provides funding for protective equipment and three trailers to store rescue equipment.
• Ibrahim A. Badran Foundation (IBF)minorStrategic or Co-development PartnerApache Corporation partnered with IBF to inaugurate a specialized clinic in Matrouh Governorate, Egypt, expanding their ongoing collaboration in community healthcare.
• Houston Botanic GardensminorStrategic or Co-development PartnerApache employees volunteered at Houston Botanic Gardens for tree planting events as part of the company's environmental stewardship initiatives.
• River Dee TrustminorStrategic or Co-development Partner500 trees planted at River Dee Trust, a Scottish charity working to protect and enhance the river and its wildlife. Apache's tree grant program extended to Scotland.
• Clean Cooking Alliance (CCA)minorStrategic or Co-development PartnerAPA entered into a multi-year partnership with CCA in 2022 to support clean cooking solutions in Africa, where 2.2 billion people lack access to clean cooking facilities.

Scale indicators17 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• EOG Resources: Largest US-focused independent E&P with extensive operations across the Permian and other US basins. Comparable capital allocation discipline and unconventional-focused production model.
• Diamondback Energy: Pure-play Permian Basin E&P focused on the Midland and Delaware sub-basins. Closest geographic and operational overlap with Apache's US Permian operations, including similar lateral length and completion designs.
• ConocoPhillips: Independent global E&P with diversified portfolio across US unconventional (Permian, Eagle Ford, Bakken), Alaska, Europe, and Asia Pacific. Closest comparable in scale, international diversification, and asset mix to Apache/APA, including frontier project experience.
• Devon Energy: Major US-focused independent E&P with significant Delaware Basin position. Direct overlap with Apache's Permian operations, competing for similar acreage and capital in the same basins.
• Occidental Petroleum: Diversified independent E&P with Permian Basin focus and international operations including Middle East/North Africa assets similar to Apache's Egypt portfolio. Comparable upstream-focused business with chemicals diversification.
• Murphy Oil: Independent E&P with US onshore (Eagle Ford) and international operations. Comparable smaller-cap diversified E&P profile to Apache, including similar focus on maintaining a balanced portfolio across geographies.
• Coterra Energy: Diversified US independent E&P with Permian, Marcellus, and Anadarko Basin operations. Similar diversified US independent E&P business model with comparable capital intensity and reinvestment profile.

Emerging players

• EQT Corporation: Largest US natural gas producer focused on the Marcellus and Utica shales. Comparable in scale to Apache but with a gas-weighted rather than oil-weighted production profile; competes for capital in the US shale space.

Broad incumbents

• TotalEnergies: Global integrated supermajor and Apache's JV partner in Suriname Block 58. Overlapping upstream E&P capabilities across global geographies including deepwater West Africa, the Americas, and the Middle East.
• BP plc: Global integrated supermajor with significant US unconventional (Permian) and Egypt operations. Comparable upstream E&P capabilities and historic counterparty to multiple Apache acquisitions including the Gulf of Mexico shelf assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ApacheCorp
• Facebookfacebook.com/ApacheCorporation
• LinkedInlinkedin.com/company/apache-corporation
• Instagraminstagram.com/apachecorporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apache Corp