HOUSTON, Sept. 8, 2016 /PRNewswire/ -- On Sept. 7, Apache Corp. (NYSE: APA)
announced its discovery of a significant new resource play which it
calls the Alpine High, located in the southern portion of
the Delaware Basin, primarily in Reeves County,
Texas.
Apache said it has identified some 3,000 future drilling
locations in the Barnett and Woodford shale formations
alone. Hydrocarbons in place include an estimated 75 trillion
cubic feet (Tcf) of rich gas and 3 billion barrels (Bbbl) of
oil, according to the company. Apache also reported significant
oil potential in the shallower Pennsylvanian, Bone
Spring and Wolfcamp formations. Alpine High has some
5,000 ft of stacked pay in up to five distinct
formations.
"We are incredibly excited about the Alpine High play and its
large inventory of repeatable, high-value drilling opportunities,"
John J. Christmann IV, Apache's
CEO and president, said in a statement. "We have
thousands of low-risk locations in the Woodford and Barnett formations alone, and we are looking
forward to further delineating what we believe will be a
significant number of oil-prone locations in the Pennsylvanian,
Wolfcamp and Bone Springs."
Christmann is set to discuss Apache's plans for the
discovery during a keynote address entitled 'Alpine High &
Permian-Wide' at 1:15 p.m. Tuesday, November
8, during Hart Energy's 2016 Executive Oil
Conference. The conference and exhibition, scheduled
November 7-8 in
Midland, TX at the
Midland County Horseshoe Pavilion, attracts top executives
and decision makers from the region's most-active exploration and
production companies for world-class conference sessions about
effective strategies, trends and technologies that will increase
operational efficiency.
To view the full conference agenda and register to attend,
please visit ExecutiveOilConference.com. Conference delegates can
recieve super early-bird registration discounts until Friday, Sept. 16. For media credentials, please
contact Gabe Geller at
ggeller@hartenergy.com. Follow on Twitter @HartEnergyConf,
#EOC for updates.
About Hart Energy
For more than 40 years, Hart Energy editors and experts have
delivered market-leading insights to investors and energy industry
professionals. The Houston-based
company produces award-winning magazines (such as Oil and Gas
Investor, E&P and Midstream Business); online
news and data services; in-depth industry conferences (like the
DUG™ series); GIS data sets and mapping solutions; and a
range of research and consulting services. For information,
visit hartenergy.com
Contact:
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SOURCE Hart Energy