Higher prices allow Apache to resume drilling in Alpine High Play
Apache Corp. made national — and even international — headlines in the fall of 2016 when he announced what he believed to be a multi-billion barrel discovery in Reeves County, Alpine High.
The company also estimated that the find contained approximately 75 trillion cubic feet of natural gas. After working to develop the new area, Apache made the decision in 2019 to stop drilling at Alpine High in response to a drastic drop in natural gas and natural gas liquids prices and to direct that capital to higher assets. tankers in the United States, Egypt and the North. Sea.