# Apache Corporation

> Apache Corporation is a Houston-based oil and gas exploration and production company founded in 1954. A wholly owned operating subsidiary of APA Corporation since 2021, it produces crude oil, natural gas and natural gas liquids, with core operations in the Permian Basin and Egypt and legacy North Sea assets. Parent APA separately holds the Suriname development business.

- **Founded:** 1954
- **Headquarters:** Houston, United States
- **Founders:** Truman Anderson (Co-founder), Raymond Plank (Co-founder; former president, CEO and chairman), Charles Arnao (Co-founder)
- **Products:** Crude oil production, Natural gas production, Natural gas liquids
- **Notable:** Founded in 1954 with six employees and US$250,000., Established Egyptian operations in 1994; built a Western Desert exploration and production business., APA completed the Callon acquisition in April 2024, valued at approximately US$4.5 billion including debt.

## Products & services

- **Crude oil production** — Exploration, development and sale of crude oil from operated and nonoperated assets; core activity includes the Permian Basin and Egypt.
- **Natural gas production** — Development and sale of natural gas, including Egyptian Western Desert operations and U.S. production.
- **Natural gas liquids** — Production and sale of liquids associated with hydrocarbon development.

## Achievements

- Founded in 1954 with six employees and US$250,000.
- Established Egyptian operations in 1994; built a Western Desert exploration and production business.
- APA completed the Callon acquisition in April 2024, valued at approximately US$4.5 billion including debt.
- APA and partners sanctioned the GranMorgu offshore development in October 2024.
- APA reported US$1.0 billion free cash flow for FY2025 and US$350 million in exit run-rate controllable spending savings.

## Latest updates

- **2026-09** — TotalEnergies reported arrival of major subsea production equipment in Suriname and said GranMorgu remained on schedule toward first oil in 2028.
- **2026-08** — APA reported Q2 production of approximately 410,000 BOE/day, adjusted production of 347,000 BOE/day, US$738 million free cash flow and US$3.3 billion net debt; raised its expected 2026 exit run-rate cost savings target to US$500 million.
- **2026-02** — APA reported FY2025 operating cash flow of US$4.5 billion, free cash flow of US$1.0 billion and US$640 million of shareholder returns.

## Links

- Website: https://apacorp.com
- LinkedIn: https://www.linkedin.com/company/apache-corporation/
- Twitter/X: https://twitter.com/APA_Corp
- Instagram: https://www.instagram.com/apachecorporation/
- Facebook: https://www.facebook.com/ApacheCorporation

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Profile page: https://yespress.io/apache-corporation
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Last updated: 2026-10-22