as nyse apa s & p 500 component industry petroleum industry founded 1954 founder truman anderson charles arnao raymond plank headquarters houston texas key people john j. christmann iv ceo & president 1 products petroleum natural gas production output 438 thousand barrels of oil equivalent 2 680 000 gj per day 1 revenue us 6.383 billion 2015 1 net income us 22.348 billion 2015 1 total assets us 18.842 billion 2015 1 total equity us 4.228 billion 2015 1 number of employees 3 860 2015 1 website apachecorp.com the headquarters of apache corporation in post oak central houston texas . apache corporation is a petroleum and natural gas exploration and production company headquartered in houston texas . contents 1 current operations 2 history 3 controversies 3.1 2013 toxic waste spill 3.2 pipeline explosion 3.3 attempts to limit shareholder proposals 4 references 5 external links current operations edit in 2015 the company s total production was 195 thousand barrels of oil equivalent 1 190 000 gj per day of which 47 % was in the united states 13 % was in canada 27 % was in egypt and 13 % was in the north sea . 1 as of december 31 2015 the company had 1.564 billion barrels of oil equivalent 9.57 109 gj of estimated proved reserves of which 54 % was in the united states 18 % was in canada 19 % was in egypt and 9 % was in the north sea . 1 almost all of the company s reserves in the united states are in the permian basin . the company also has reserves in western oklahoma the texas panhandle and south texas . 1 apache has been operating in egypt since 1994 . despite the political turmoil in egypt the company s operations which are in remote areas of the western desert have not experienced production interruptions . 1 apache has been operating in the north sea since 2003 predominately in the forties oilfield . 1 history edit in 1954 the apache oil corporation was founded in minneapolis minnesota by truman anderson raymond plank and charles arnao with 250 000 in funding . 2 in 1955 the first wells were drilled in the cushing field between tulsa and oklahoma city . 2 in 1960 apache acquired interests in the foshay tower a minneapolis landmark . the 32 story imitation of the washington monument became apache s headquarters from the early 1960s until 1984 . 2 in 1967 the oil well fagerness 1 was drilled yielding the company s first major discovery . 2 in 1969 apache corporation became a public company via an initial public offering and its shares were listed on the new york stock exchange nyse apa . 2 in 1970 apache diversified into agriculture with the acquisition of the s & j ranch in california . the ranch produced citrus fruit figs pistachios olives and almonds . 3 in 1971 it formed apache exploration company subsequently apexco as its oil and gas operating company . 2 in 1977 the company sold apexco and its non petroleum holdings including the ranch and reinvested into a farm in agreement with ghk to operate its wells in the anadarko basin . 2 in 1980 the company acquired a non operating interest via a participation in a royal dutch shell joint venture in operations in the gulf of mexico . 4 in 1981 the company created apache petroleum company apc the first public master limited partnership in the united states . 4 5 in 1985 the company acquired oil and gas wells in 8 states from david holdings for 200 million . in 1986 the company acquired oil and gas assets in the gulf of mexico from occidental petroleum . 6 4 in 1987 the company moved its headquarters from minneapolis to denver . 4 in 1991 the company doubled its reserves by acquiring assets from amoco including a position in the permian basin of west texas for 515 million and 2 million shares of apache . 7 8 9 in 1992 apache moved its headquarters to houston texas and signed a lease for 220 000 square feet of office space . 7 10 in 1993 apache acquired hadson energy resources in a 58 million transaction expanding its assets to offshore western australia . 7 11 in 1994 the company entered egypt by acquiring a 25 percent non operated interest in the qarun concession operated by the phoenix resource companies . 7 production began in december 1995 . 12 in 1995 the company acquired dekalb energy canada marking apache s return to canada in a 285 million stock transaction . 7 13 in 1995 apache also acquired 315 oil and gas fields in the permian basin the texas louisiana gulf coast western oklahoma east texas the rocky mountains and the gulf of mexico from texaco . 7 14 in 1996 apache acquired phoenix resources and took over operations of the qarun concession in egypt . 15 in 1999 the company acquired fields and leases in the gulf of mexico from royal dutch shell for 715 million in cash plus 1 million shares of stock . 16 in 2001 apache acquired operations in the western desert of egypt from repsol ypf for 410 million . 17 in 2002 apache corporation drilled its first deepwater wells in the west mediterranean concession of offshore egypt . 18 in february 2003 apache appointed floyd r. price and rodney j. eichler as corporate executive vice presidents and jon a. jeppesen as corporate senior vice president . 19 in 2003 apache acquired the forties oilfield the largest field ever discovered in the united kingdom north sea as well as assets in the gulf of mexico from bp for 1.3 billion . 20 in 2005 apache and exxonmobil completed a series of agreements that provided for transfers and joint ventures across a broad range of properties in western canada . 21 later in 2005 the company partially sold its stake in the deepwater section of egypt s concession . 22 in 2006 apache completed the sale of its oil production interest in china to australia based roc oil company limited for us 260 million . 23 in 2006 apache bought many gulf of mexico shelf properties from bp . 24 in 2007 a test horizontal well at the van gogh project in exmouth gulf western australia produced 9 694 barrels per day . 25 in 2010 apache started production from the van gogh development offshore western australia . 26 in 2010 a federal judge upheld apache s decision to exclude from its annual meeting ballot a corporate governance proposal from a person who had not proven on a timely basis that he actually was one of the company s shareholders . 27 in 2010 apache acquired mariner energy for 2.7 billion . 28 in 2010 apache acquired assets in the gulf of mexico from devon energy for 1.05 billion . 29 in 2010 apache purchased assets from bp in texas southeast new mexico western canada and egypt for 7 billion . 30 in 2011 apache announced the discovery of eight new oil wells in egypt s faghur basin . 31 in 2012 apache purchased assets in the beryl field in the north sea from exxonmobil . 32 in 2012 apache completed the acquisition of cordillera energy partners in a deal worth 2.5 billion in cash and 6.3 million shares of common stock . the acquisition added approximately 71 million barrels of oil equivalent 430 000 000 gj to apache s reserves and strengthened its position across western oklahoma and the texas panhandle . 33 in november 2013 apache completed the sale of a non controlling 1 3 share of its egyptian assets to sinopec 34 in 2015 the company sold its assets in western australia for 2.1 billion . 35 controversies edit 2013 toxic waste spill edit on june 1 2013 an apache pipeline in northern alberta canada was noticed to have ruptured spilling 60 000 barrels 9.5 million litres of toxic waste in what was cited as one of the largest of such disasters in recent history in north america . 36 37 pipeline explosion edit in 2008 the natural gas pipeline explosion at apache s varanus island processing hub on 3 june 2008 led to the 2008 western australian gas crisis . apache restored 60 % of varanus island gas deliveries on august 8 2008 . 38 the australian government was forced to drop charges as a result of a technicality . 39 attempts to limit shareholder proposals edit in 2007 apache ceo g. steven farris wrote to the securities and exchange commission in favor of limits on nonbinding shareholder proposals at public company annual meetings . 40 references edit a b c d e f g h i j k l apache corporation 2015 form 10 k a b c d e f g apache corporation history 1954 1979 apache alternate paths a b c d apache corporation history 1980s market place the apache partnership . new york times . march 5 1981 . oil partnership to buy 4 firms of occidental . chicago tribune . may 22 1986 . a b c d e f apache corporation history 1990s amoco unit in deal to sell u.s. reserves . new york times . may 3 1991 . apache to double reserves with amoco deal . oil and gas journal . may 13 1991 . real estate ; office space in houston plenty of it . new york times . april 15 1992 . apache to buy 68 % stake in hadson energy . new york times . june 19 1993 . egypt western desert activity hits high gear . oil and gas journal . november 4 1996 . apache to acquire dekalb energy . new york times . december 22 1994 . apache to buy fields from texaco . new york times . november 30 1994 . apache agrees to acquire phoenix resources . new york times . march 29 1996 . apache is buying fields and leases from shell unit . new york times . april 30 1999 . apache to acquire repsol s egypt interests for us 410 million ; a step change for apache s already formidable operations in egypt . prnewswire . january 23 2001 . apache reports third successful gas discovery in deep water offshore egypt . prnewswire . september 17 2002 . apache names two executive vice presidents and one senior vice president . oil & gas journal . february 25 2003 . apache to buy north sea forties oil field stake gulf of mexico assets from bp for 1.3 billion . oil & gas journal . january 13 2003 . exxonmobil and apache announce program to expand exploration and development in western canada . prnewswire . may 5 2005 . apache corp. amerada hess to swap field assets . october 13 2005 . retrieved june 20 2013 . apache to sell its oil production interest in china . prnewswire . june 27 2006 . apache to acquire bp s remaining gulf of mexico shelf producing properties . prnewswire . april 19 2006 . apache tests exmouth basin well off w. australia . oil & gas journal . june 22 2007 . apache reports first oil from van gogh development in western australia s exmouth basin . prnewswire . february 16 2010 . apache can reject proxy proposal judge rules . chron . march 11 2010 . apache gains strategic position in deepwater gulf with mariner merger . prnewswire . april 15 2010 . apache completes acquisition of devon s gulf of mexico shelf assets . prnewswire . june 10 2010 . apache to acquire bp assets in permian basin canada and egypt for 7 billion . prnewswire . july 20 2010 . apache presses egypt faghur basin discoveries 3d . oil & gas journal . march 26 2012 . apache completes acquisition of exxonmobil s beryl field other uk north sea assets .