APA Corporation and Partners Lagniappe Alaska and Santos Announce Successful Flow Test in Alaska’s North Slope at Sockeye-2 Exploration Well
APA and partners Lagniappe Alaska and Santos have announced successful flow test results from the Sockeye-2 exploratory well in Alaska's North Slope. The well, drilled to approximately 10,500 feet, encountered a high-quality Paleocene-aged clastic reservoir with 20% average porosity.
The vertical well, completed in a single 25-foot interval at 9,200 feet TVD without stimulation, averaged 2,700 barrels of oil per day during the final flow period of the 12-day production test, without artificial lift. APA holds a 50% working interest in the 325,411-acre exploratory block, while Lagniappe and Santos each hold 25%.
The test results indicate significantly higher reservoir quality compared to similar topset discoveries to the west, extending the Brookian topset play first established with the Pikka discovery in 2013.
APA e i partner Lagniappe Alaska e Santos hanno annunciato risultati positivi del test di produzione dal pozzo esplorativo Sockeye-2 nel North Slope dell'Alaska. Il pozzo, perforato fino a circa 10.500 piedi, ha incontrato un giacimento clastico di alta qualità risalente al Paleocene, con una porosità media del 20%.
Il pozzo verticale, completato in un unico intervallo di 25 piedi a 9.200 piedi TVD senza stimolazione, ha prodotto in media 2.700 barili di petrolio al giorno durante l'ultima fase di produzione di 12 giorni, senza l'uso di sollevamento artificiale. APA detiene una quota operativa del 50% nel blocco esplorativo di 325.411 acri, mentre Lagniappe e Santos detengono ciascuno il 25%.
I risultati del test indicano una qualità del giacimento significativamente superiore rispetto a scoperte simili a ovest, estendendo il play Brookian topset inizialmente definito con la scoperta di Pikka nel 2013.
APA y sus socios Lagniappe Alaska y Santos han anunciado resultados exitosos de pruebas de flujo en el pozo exploratorio Sockeye-2 en North Slope, Alaska. El pozo, perforado a aproximadamente 10,500 pies, encontró un reservorio clástico de alta calidad del Paleoceno con una porosidad promedio del 20%.
El pozo vertical, completado en un solo intervalo de 25 pies a 9,200 pies TVD sin estimulación, promedió 2,700 barriles de petróleo por día durante el período final de flujo de la prueba de producción de 12 días, sin levantamiento artificial. APA posee un interés operativo del 50% en el bloque exploratorio de 325,411 acres, mientras que Lagniappe y Santos poseen cada uno el 25%.
Los resultados de la prueba indican una calidad de reservorio significativamente mayor en comparación con descubrimientos similares al oeste, extendiendo el play Brookian topset establecido inicialmente con el descubrimiento de Pikka en 2013.
APA와 파트너인 Lagniappe Alaska 및 Santos는 알래스카 노스 슬로프의 Sockeye-2 탐사정에서 성공적인 유량 테스트 결과를 발표했습니다. 약 10,500피트까지 시추된 이 정은 고품질의 팔레오세 시대 퇴적암 저류층을 만나 평균 다공도가 20%였습니다.
수직정은 별도의 자극 없이 9,200피트 TVD에서 단일 25피트 구간으로 완성되었으며, 12일간의 생산 테스트 마지막 유량 기간 동안 인공 리프트 없이 평균 일일 2,700배럴의 원유를 생산했습니다. APA는 325,411에이커 탐사 블록에서 50% 운영 지분을 보유하고 있으며, Lagniappe와 Santos는 각각 25%씩 보유하고 있습니다.
테스트 결과는 서쪽의 유사한 상부층 발견보다 저류층 품질이 훨씬 우수함을 나타내며, 2013년 Pikka 발견으로 처음 확립된 Brookian 상부층 플레이를 확장합니다.
APA et ses partenaires Lagniappe Alaska et Santos ont annoncé des résultats positifs lors du test de production du puits d'exploration Sockeye-2 dans le North Slope en Alaska. Le puits, foré jusqu'à environ 10 500 pieds, a rencontré un réservoir clastique de haute qualité datant du Paléocène, avec une porosité moyenne de 20 %.
Le puits vertical, terminé dans un unique intervalle de 25 pieds à 9 200 pieds TVD sans stimulation, a produit en moyenne 2 700 barils de pétrole par jour lors de la dernière phase d'écoulement du test de production de 12 jours, sans levage artificiel. APA détient une participation opérationnelle de 50 % dans le bloc exploratoire de 325 411 acres, tandis que Lagniappe et Santos détiennent chacun 25 %.
Les résultats du test indiquent une qualité de réservoir nettement supérieure à celle de découvertes similaires à l'ouest, étendant le play Brookian topset initialement établi avec la découverte de Pikka en 2013.
APA und die Partner Lagniappe Alaska und Santos haben erfolgreiche Durchfluss-Testergebnisse aus dem Sockeye-2 Explorationsbohrloch im North Slope von Alaska bekannt gegeben. Das Bohrloch, das auf etwa 10.500 Fuß abgeteuft wurde, traf auf ein hochwertiges klastisches Reservoir aus dem Paläozän mit einer durchschnittlichen Porosität von 20%.
Das vertikale Bohrloch, das ohne Stimulation in einem einzigen 25-Fuß-Intervall bei 9.200 Fuß TVD abgeschlossen wurde, erreichte während der letzten Durchflussphase des 12-tägigen Produktionstests durchschnittlich 2.700 Barrel Öl pro Tag ohne künstliche Förderung. APA hält eine operative Beteiligung von 50% an dem 325.411 Acre großen Explorationsblock, während Lagniappe und Santos jeweils 25% halten.
Die Testergebnisse weisen auf eine deutlich höhere Reservoirqualität im Vergleich zu ähnlichen Entdeckungen im Westen hin und erweitern das Brookian Topset Play, das erstmals mit der Pikka-Entdeckung im Jahr 2013 etabliert wurde.
- Successful flow test yielding 2,700 barrels of oil per day without artificial lift
- High-quality reservoir with 20% average porosity
- Significantly higher reservoir quality compared to similar discoveries
- Large exploratory block of 325,411 acres with 50% working interest
- Further appraisal drilling needed to determine ultimate discovery size
- Next steps in Alaska program still under evaluation
Insights
APA's Sockeye-2 well demonstrates exceptional reservoir quality with impressive unstimulated flow rates, significantly derisking their Alaska exploration program.
The Sockeye-2 exploration results reveal technically significant findings that substantially enhance APA's North Slope position. The well encountered a Paleocene-aged clastic reservoir with
What's particularly impressive is the well's production performance:
The explicitly stated "significantly higher reservoir quality compared to similar topset discoveries to the west" indicates this eastern extension of the Brookian play possesses superior characteristics than previously explored areas. This meaningfully extends the productive potential first established with the Pikka discovery in 2013.
From a technical perspective, achieving such productivity from minimal reservoir contact (just 25 feet of completion interval) at approximately 9,200 feet TVD suggests excellent development potential. Wells that produce efficiently without stimulation typically require less intervention, simplifying operations in Alaska's challenging environment and potentially improving economics.
While the ultimate field size remains undetermined pending further appraisal, these initial flow characteristics validate APA's geological models and substantiate their exploration strategy in the 325,411-acre block where they hold a controlling
APA's Sockeye-2 successful flow test validates their Alaska strategy, derisks additional prospects, and strengthens their diversification beyond core assets.
This successful flow test represents a material derisking event for APA 's Alaskan exploration program. As the majority partner with a
The technical results are particularly encouraging. The
CEO Christmann's statement that the results "confirm our geologic and geophysical models and derisk additional prospectivity in the block" signals this isn't merely an isolated success but potentially opens multiple follow-on targets. Partner Bill Armstrong similarly highlighted that they've "identified analogous anomalies to investigate," indicating a systematic exploration approach with multiple prospects.
This discovery extends the proven Brookian topset play eastward from the original Pikka discovery, effectively expanding the productive footprint across their acreage. For APA, whose strategy has included diversifying beyond their core assets, this Alaska success provides a meaningful alternative growth vector in conventional resources.
The need for "further appraisal drilling" acknowledges additional work is required to determine the discovery's ultimate size, but the initial flow test clearly demonstrates commercially viable productivity—a critical milestone in establishing resource potential in this frontier region.
HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced the results of the successful flow testing of the Sockeye-2 exploratory well. Apache holds a
As previously announced, the Sockeye-2 well was successfully drilled to a depth of approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of
“We are excited about the performance from the Sockeye-2 well, which could greatly benefit the state of Alaska and the U.S.,” said Bill Armstrong, CEO of Armstrong Oil & Gas. “This discovery significantly extends the prolific Brookian topset play first established with our Pikka discovery in 2013. We have identified analogous anomalies to investigate following on this success.”
“The results from the Sockeye-2 flow test are consistent with our expectations, demonstrating high quality reservoir, confirming our geologic and geophysical models and derisking additional prospectivity in the block. We will evaluate the data from the Sockeye-2 well to determine the next steps in our Alaska program,” added John J. Christmann, APA Corporation CEO.
About APA
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2024, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.
Contacts
Investor: (281) 302-2286
Media: (713) 296-7276
Website: www.apacorp.com
APA-G
FAQ
What were the flow test results of APA's Sockeye-2 well in Alaska?
What is APA 's working interest in the Alaska North Slope project?
What reservoir characteristics were found in APA's Sockeye-2 well?
How does the Sockeye-2 discovery compare to other North Slope findings?
