Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of commodity derivative positions

As of June 30, 2017, Apache had the following open natural gas derivative positions:

	Fixed-Price Swaps
Production Period	MMBtu (in 000’s)	Weighted Average Fixed Price(1)(2)
July - December 2017	4,370	$3.46
January - March 2018	2,700	$3.60

(1) U.S. natural gas prices represent a weighted-average of several contracts entered into on a per-million British thermal units (MMBtu) basis and are settled primarily against NYMEX Henry Hub.

(2) Subsequent to June 30, 2017, Apache entered into fixed-price natural gas contracts settling against Nymex Henry Hub totaling 20,000 MMBtu/d at a weighted average price of $3.13 for the fourth quarter of 2017 and 120,000 MMBtu/d at a weighted average price of $3.33 for the first quarter of 2018.

As of June 30, 2017, Apache had the following open crude oil derivative positions:

		Put Options (1)
Production Period	Settlement Index	Mbbls	Weighted Average Strike Price
July - December 2017	NYMEX WTI	16,928	$50.00
July - December 2017	Dated Brent	15,272	$51.00

(1) Apache paid a total premium of $100 million for these put option contracts, averaging $3.09 per barrel.