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Apache Corp.’s natural gas reserves in the emerging Horn River Basin of British Columbia likely are on the “high end” of its previous forecast of 9-16 Tcf net, CEO G. Steven Farris said Thursday.

Apache Corp.’s natural gas reserves in the emerging Horn River Basin of British Columbia likely are on the “high end” of its previous forecast of 9-16 Tcf net, CEO G. Steven Farris said Thursday.

With an “arsenal of exploration prospects” ready to fire up, Apache Corp. CEO G. Steven Farris said Thursday the company expects production to grow on a pace of 6-10% over the coming year in its core operating regions, which include the U.S. Midcontinent and the Gulf of Mexico (GOM).

With an “arsenal of exploration prospects” ready to fire up, Apache Corp. CEO G. Steven Farris said Thursday the company expects production to grow on a pace of 6-10% over the coming year in its core operating regions, which include the United States Central Region and the Gulf of Mexico (GOM).

While there are “some naysayers” about the oil and natural gas production potential of the Gulf of Mexico, Apache Corp. CEO Steven Farris said Tuesday he isn’t one of them.

While there are “some naysayers” about the oil and natural gas production potential of the Gulf of Mexico, Apache Corp. CEO Steven Farris said Tuesday he isn’t one of them.

Burlington Resources Inc. has created an Office of the Chairman, which will include CEO Bobby S. Shackouls, CFO Steven J. Shapiro and COO Randy L. Limbacher. The Chairman’s office will be responsible for setting strategic direction and guiding the execution of the company’s goals to achieve both volumetric growth and sector-leading financial returns.

Burlington Resources Inc. announced Thursday the appointment of Randy L. Limbacher as executive vice president and COO and Steven J. Shapiro as executive vice president in addition to his role as CFO. Both previously served as senior vice presidents. The company said the promotions are effective immediately. Limbacher, who was responsible for all production and exploitation assets and operations, now assumes responsibility for exploration, as well as for day-to-day company operations. He joined Burlington in 1985. Shapiro continues key responsibility for the company’s strategy development, execution and financial performance. Shapiro joined Burlington Resources in 2000. Houston-based Burlington Resources is one of the world’s largest independent oil and gas companies, with natural gas comprising the vast majority of its reserves.

Apache Corp. Chairman Raymond Plank said Thursday that G. Steven Farris has been elected to the position of CEO, adding to his current duties as president and COO. Plank, Apache’s founder, announced the change at Apache’s annual meeting and said he will continue to participate in the management of the company. He said the move would become effective May 29, as he turns 80. Always known to speak his mind, Plank used part of the annual meeting to blame Enron Corp. and Dynegy Inc. for manipulating natural gas prices. Last week, Plank blasted the “unholy alliance between the brethren” of marketers, that operate as middlemen between producers and consumers to create volatility. The marketers claim, “volatility is what we make money on,” but actually, they are “merely manipulating prices to their advantage,” he said (see Daily GPI, April 25 ). Farris, who is 54, has been Apache’s president and COO since 1994. He joined Apache in June 1988 as vice president of domestic exploration and production and was promoted to senior vice president in 1991. In December 1954, Plank, along with Truman Anderson and Charles Arnao, established Apache Oil Corp. in Minneapolis, MN. The public company began with 41 investors, six employees and $250,000 of seed capital.