HOUSTON, Dec. 15, 2017 – Apache Corporation (NYSE: APA) (Nasdaq: APA) earned the top score in Disclosing the Facts 2017: Transparency and Risk in Methane Emissions (DTF 2017), an annual investor scorecard published by As You Sow, Boston Common Asset Management and the Investor Environmental Health Network (IEHN) that ranks the largest oil and gas companies engaged in hydraulic fracturing and horizontal drilling. This year's report exclusively focused on methane management, detection and reporting practices during upstream exploration and production operations. The report graded companies on leak detection and repair (LDAR) programs and methodologies, venting and flaring practices, methane emissions reduction targets and other criteria.
"Apache is committed to the long-term, responsible development of our nation's natural resources," said John Christmann IV, Apache's chief executive officer and president. "By collaborating with industry partners and continuously working to improve best practices, Apache has made significant progress toward its goal of reducing methane emissions intensity to 0.36 percent of production or less by 2025."
Last week, Apache Corporation and 25 other upstream operators joined the American Petroleum Institute's (API) Environmental Partnership, a voluntary program to accelerate the reduction of methane and volatile organic compounds (VOC) emissions during drilling operations.
As reported through the ONE Future Coalition, Apache has reduced its methane emissions intensity by 12 percent from 2015 levels and by 43 percent from 2012 levels.
To view the full report, visit www.disclosingthefacts.org.
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom. Apache posts announcements, updates, investor information and all recent press releases on its website, www.apachecorp.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "guidance," "outlook," and similar references to future periods. These statements include, but are not limited to, statements about future plans, expectations and objectives for Apache's operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in our 2016 Form 10-K filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
Media: (713) 296-7189 Castlen Kennedy
Investor: (281) 302-2286 Gary Clark