Apache Gears Up for Growth in Gassy Permian Play

摘要

As further appraisal results confirm the resource potential of its "transformational" Alpine High play, Apache is gearing up to add rigs and build out infrastructure in this corner of the expansive US Permian Basin. Apache stoked considerable excitement among investors in September with the announcement that its so-called Alpine High area in Reeves County, Texas, contained 75 trillion cubic feet of gas and 3 billion barrels of oil in place (OD Sep.8'16).