Thursday, September 22, 2016
Apache Corp. (Houston) has confirmed its discovery of a significant new resource play, the Alpine High, on acreage it owns in the southern portion of the Delaware Basin, primarily in Reeves County, Texas. The company estimates hydrocarbons in place are 75 Tcf of rich gas and 3 Bbbl of oil in the Barnett and Woodford formations alone. Apache also sees significant oil potential in the shallower Pennsylvanian, Bone Springs, and Wolfcamp formations.