Apache Announces Formation of Operating Company in Texas
(firmenpresse) - LULING, TX -- (Marketwire) -- 01/05/12 -- announces the formation of an affiliate company earlier this year, Apache Operating, that will be the operator of its Texas wells and any additional wells drilled, acquired, completed or produced.
The Company's website is . is engaged in the oil and gas business, with operations located primarily in Texas. The Company's ultimate strategic focus is the development of oil and natural gas production and reserves. The Company believes that its oil and natural gas development strategy will provide growth to the Company in the future. The Company contemplates that during the first half of 2012 operations will commence on the wells under Apache Operating, which should result in an increase in the company's production. Apache Operating adds a level of control while also minimizing and separating the company's liability on work performed and operations. , President, stated, "We are very pleased to have formed Apache Operating as an additional level of control while also managing operating costs more efficiently and minimizing cost overruns on work performed. Apache continues to successfully identify properties while applying our local knowledge and expertise to generate prospects that are appealing to public companies as well as private companies. This addition of Apache Operating will improve Apache's overall presence and bring us one step closer to the heart of the oil field. As continues its growth Apache Operating will add unparalleled value and safety to the company's strategic plans in Texas."
Forward-Looking and Continuing Statements: Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks including but not limited to geological and geophysical risks inherent to the oil and gas industry, uncertainties and other factors that may cause the actual results, price of oil and natural gas, state of the economy, industry regulation, reliance upon expert recommendations and opinions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain a strategic business arrangement to fund its drilling plans; (ii) build the necessary infrastructure to support the growth of its business; (iii) competitive factors and developments beyond the Company's control including but not limited to the strength of the overall economy.
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Datum: 05.01.2012 - 20:29 Uhr
Sprache: Deutsch
News-ID 101605
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contact information:
Town:
LULING, TX
Kategorie:
Oil & Gas
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"Apache Announces Formation of Operating Company in Texas"
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