Apache Corporation Essay Example for Free

Apache Corporation Essay Apache Corporation was formed in 1954, based on the idea of becoming significant and prosperous in the oil industry. The company took $250,000 of investor capital, paired it with fierce determination and now Apache Corporation is considered one of the top independent oil and gas exploration and production companies in the world (â€Å"Apachecorp.com†, 2012). Apache Corporation operates in both domestic and international markets exploring for, developing, and producing natural gas, crude oil, and natural gas liquids (â€Å"Apachecorp.com†, 2012). On December 31, 2011, the Company had production in the United States, Canada, Egypt, and Australia. Offshore production exists in the United Kingdom, the North Sea, and Argentina. Looking into the future Apache plans to continue to explore other countries for new discoveries and development opportunities (â€Å"Apachecorp.com†, 2012). The success of any business depends on the ability to adapt to the environment it operates in. As part of the oil and gas industry Apache Corporation operates in a global business environment known for its competitiveness. The company has shown growth in production thirty one of the last thirty three years and throughout those years change has been a constant companion. Wide swings in oil prices have become commonplace in the world today, the price of a barrel of oil changes almost daily. Operating in other countries means that political unrest and changes in government policies must be addressed, as well as oil industry regulations that are constantly evolving. Apache Corporation has withstood the changes in business environment for 57 years and remains committed to successfully embracing the changes yet to come. Over the last 10 years the most significant technological advance for the industry has been the coupling of horizontal drilling with hydraulic fracturing techniques. This new method allows the development of resources that are trapped in shale and other areas that have been nearly impossible to mine in the past. Apache Corporation now applies this technology worldwide (â€Å"Apachecorp.com†, 2012). This method is also used by nearly all other companies in the industry including the comparison companies Devon and Anadarko. According to the 2011 Apache Corporation Annual Report the company showed a profit for the year and the debt ratio is 0.22. One top competitor Anadarko Petroleum located in San Antonio Texas has a debt ratio of .65 and showed a loss for the 2011 year (â€Å"Hoovers†, 2012). A second top competitor Devon Energy located in Oklahoma City, Oklahoma had a better year in 2011, this company did show a profit and their debt ratio is 0.48 (â€Å"Hoovers†, 2012). Within the gas and oil industry the overall financial status of Apache Corporation is sound. Working in a high risk industry the production risks are balanced by both geographic diversification and a mix of high and low risk properties in the portfolio (â€Å"Hoovers†, 2012). With approximately 3 billion barrels of oil equivalent in reserve Apache Corporation is positioned to maintain their current momentum. The natural gas product is sold most often at current market prices while the crude oil is marketed directly to integrated marketers and refineries. Contract terms are generally 30 days with automatic renewal until canceler at current market prices which change almost daily (â€Å"Apachecorp.com†, 2012). Apache Corporation has been exploring for and producing oil and gas products for over 50 years. The company has been successful and appears to be a sound investment. In this analysis we have reviewed the business environment, financial health and use of technology for Apache Corporation for the purpose of deciding whether or not to invest in the company. References http://www.apachecorp.com/Resources/Upload/file/investors/Apache_AR_2011.pdf Hoovers. (2012).

Art in humanities Essay Example | Topics and Well Written Essays - 750 words

Art in humanities - Essay Example The resentment that Humanities should not form part of the tertiary curriculum and that it only deviates from the actual education of the students is as narrow-minded as it is dismissive. College is supposed to make a student employable, but it is also to mold a holistic person who appreciates the world around him. I have chosen to major in Visual and Performing Arts (VPA) primarily due to my interest in various forms of art. I have long been interested not only in the product of art but even more in the process of creating art. Clearly, the Humanities play a main factor in my chosen field. If anything, I can say that I have specifically chosen to be into art which is the very foundation of Humanities. I have not changed majors and this is not something that I have seriously contemplated. I have taken elective subjects such as Theater Art (TA) and also some drawing classes. One can say I may have taken the less beaten path by my choice of course but I chose it because it is something that interests me and I believe that I could have a future in it. Contrary to the stereotypical belief, I am certain that there are many classifications of jobs that I could decide to take on after I graduate and that they are viable, and also fulfilling, careers. Undeniably, I do consider that if it were up to my parents, they would have wanted me to focus on a more stable career such as one in the sciences or mathematics. No parent would want their children to suffer and endure the woes of unemployment or of poverty. But I do trust in my choices and my fascination with the arts has not wavered. My parents have remained supportive of my decisions and they trust my judgment as well as my talents and that is more than I could ever hope for from them. Humanities offer a wide perspective that enables one to understand more about the human life than they actually think. It allows students to develop a clearer

Advertisements Essay Example | Topics and Well Written Essays - 750 words - 1

Advertisements - Essay Example Looking at the Bacardi advertisement image and discussing about it in terms of the needs it appeals to, we notice from the very beginning that one of them is the need for sex. (Fowles, 17) The man (the only man in the picture) is pouring rum into a glass, accompanied by three beautiful girls. And not only are they beautiful, but they also express, in an innocent manner, desire. The effect of the advertisement is amplified by the fact that one of the girls seems to look directly towards the audience, establishing thus a connection with the one the product is primarily addressed to. And more than that, the setting is an intimate one, a cheerful, luminous and comfortable room. The image of the man accompanied by three women makes also appeal to man’s need for attention (Fowles, 57). We all need to get others’ attention, if we cannot be the centre, we need, at least, to feel some people are interested in us. The advertisement shows more than a feeble interest, the man reall y got the interest of three persons, and they also belong to the opposite sex. If we look more attentively, we see that the women are looking at the way the man is pouring the beverage, so the reason they are fascinated is clear. Connected to some extent to the need for attention, is the need to dominate (Fowles, 51), to feel powerful and in control. Fernando, the man in the picture, seems in control of the situation, he dominates the environment and being in possession of a strong drink he is powerful too. As for the physiological needs (Fowles, 78), the image of nine glasses all full, aligned on the table and the tenth, in man’s hands, with the liquid pouring in it, is appealing enough to get the consumer’s attention and interest. And the use of the superlative of the adjective â€Å"rare† in reference to the Bacardi rum amplifies even more the effect of the image. The advertisement uses a hornblowing type of headline (Bovee, 7) – Bacardi