Apache Announces Organizational Restructuring And Leadership Changes

(RTTNews) - Apache Corp. (APA) announced a reorganization of the company's operating regions and key leadership changes.

The new organization includes three super regions. In North America, the company is merging resources into two super regions: the Permian Region and the Houston Region. Apache's Egypt Region, North Sea Region and Gulf of Mexico Region will form the International and Offshore Region.

The newly formed Houston Region will consolidate operational activities for the Eagle Ford, Anadarko Basin, Texas Panhandle and Canadian properties into one region. The Canadian properties will continue to be operated out of the existing Calgary, Alberta, office. The Permian Region will continue to include the Midland Basin and the Central Basin Platform operated out of Midland, Texas, with the Delaware Basin receiving separate and individualized management in San Antonio, Texas, to realize the exceptional potential of these unconventional assets.

The Houston Region reorganization includes closing Apache's regional office in Tulsa, Okla., and relocating a number of Tulsa employees. This will consolidate employee expertise in a single office location to foster increased collaboration and technology transfer among asset teams.

Apache is realigning its senior operational leadership to support the organizational structure described above. The key changes are effective immediately but will include a transition period through the end of July.

Timothy Sullivan has been appointed to the newly created role of senior vice president - Operations Support based in Houston. In this role, he will support the CEO in operational strategy, capital allocation, market intelligence and marketing.

Thomas E. Voytovich will assume the role of executive vice president - International and Offshore Region and Exploration and Production Technology. In addition to his current management of Apache's operations in Egypt, the North Sea and the Gulf of Mexico, Voytovich will also oversee the Exploration and Production Technology and Engineering Technology service teams. Voytovich will remain in Apache's Houston headquarters.

James House has been named to the newly created position of senior region vice president - Houston Region and will be based in Apache's Houston headquarters.

Grady Ables will assume the role of region vice president - Canada Region and president, Apache Canada, and report up through the Houston Region. Ables will be based in Apache's Calgary, Alberta, office.

Faron Thibodeaux will continue to oversee the company's operations in the Midland Basin and Central Basin Platform as the senior region vice president - Permian Region based in Apache's Midland, Texas, office.

Steven Keenan will oversee the North American Unconventional Resources Technology team, Unconventional Resources New Ventures team and the company's operations in the Delaware Basin as the senior region vice president - Delaware Basin. Keenan will remain in Apache's San Antonio, Texas, office.

Cory Loegering will assume the role of region vice president - UK Region and managing director, Apache North Sea, following House's relocation to Houston. Loegering will be based in Apache's Aberdeen, Scotland, office and continue to report to Voytovich.

Thomas Maher will continue to oversee the company's operations in Egypt as the region vice president - Egypt Region and General Manager, Apache Egypt, from Apache's Cairo, Egypt, office.