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Home > Company Index > Energy > Oil & Gas Exploration & Production > Apco Argentina Inc.

Apco Argentina Inc.
Nasdaq (SC): APAGF
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 NEWS FROM THE WIRES
Apco Argentina names Williams exec as CEO
Aug 06 2001 11:57 AM PDT

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 PROFILE
Aptly named, Apco Argentina, exploits oil and gas resources in Argentina. Deregulation gave Apco Argentina's joint venture with Perez Companc and Petrolera Perez Companc the right to pump oil from the Entre Lomas concession in southwestern Argentina until 2026. The exploration and production company (69%-owned by US powerhouse The Williams Companies) holds a 48% stake in the Entre Lomas venture. The company's oil goes to Brazil's state-owned PETROBRAS, Shell Oil, and Argentina's San Lorenzo refinery. Proved reserves stand at 31.8 million barrels of oil and 59.2 billion cu. ft. of gas. Apco agreed to acquire exploration and production firm GLOBEX Energy, which has assets in Australia and Equatorial Guinea..

 COMPETITION
BG Group plc (BRG)
BP p.l.c. (BP)
Enron Corp. (ENE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 42.90
1-Yr. Sales Growth: 5.4%
Employees: 15
Revenue per employee: $2,860,000.00

 KEY PEOPLE
• John C. Bumgarner
    CEO
• Jack D. McCarthy
    CFO

 CONTACT INFO
P.O. Box 2400
Tulsa, OK 74102
US
Phone: 918-573-2164
Fax: 918-573-6546

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