Apache announces formation of operating company in Texas

Source: Apache Energy, LLC

Apache Energy, LLC 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 www.apacheenergyinc.com. Apache Energy, LLC 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. Charles Burris, 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 Apache Energy continues its growth Apache Operating will add unparalleled value and safety to the company's strategic plans in Texas."


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