1、2Apache Corporation2005 Summary Annual ReportEstablished in 1954 with$250,000 of investor capital,Apache Corporation(NYSE,Nasdaq:APA),with$19.3 billion in assets,hasgrown to become one of the worlds top independent oil and gas exploration and production companies.Apaches U.S.operations arefocused in
2、 some of the nations most important producing basins,including the Outer Continental Shelf of the Gulf of Mexico,theAnadarko Basin of Oklahoma,the Permian Basin of West Texas and New Mexico,the Texas-Louisiana Gulf Coast and East Texas.InCanada,Apache is active in British Columbia,Alberta,Saskatchew
3、an and the Northwest Territories.The company also has explorationand production operations in the Carnarvon,Perth and Gipplsand basins offshore Australia,Egypts Western Desert,the UnitedKingdom sector of the North Sea,China and Argentina.Mission Our mission is to build a dynamic,global exploration a
4、nd production company to provide oil and natural gas for the purpose of advancing the quality of human lives.We will conduct our business from a foundation of integrity and respect for people,their cultures and traditions.We derive benefit from the Earth and take our environmental responsibility ser
5、iously.Profit from our growing business is the glue that unites Apache employees,partners,suppliers and shareholders in the fulfillment of our long-term mission.Values Conduct business with honesty and integrity.Respect and invest in our greatest asset:our people.Conduct business with respect for pe
6、ople,cultures and traditions.Foster an entrepreneurial spirit;expect and reward innovation and creativity.Drive to succeed with a sense of urgency.ABBREVIATIONSMcf Thousand cubic feet(of gas)MMcfMillion cubic feetBcfBillion cubic feetTcfTrillion cubic feetBoeBarrels of oil equivalentMMboeMillion bar