Apache Corp. revamped its organizational structure on March 4, which included the promotion of both Clay Bretches and David Pursell.
As part of a strategic redesign undertaken in October, Apache has simplified its organizational structure to three teams consisting of operations, development and exploration.
Bretches, its current pipeline and transportation head, will lead the operations team. Meanwhile, Pursell, in charge of planning and reserves at Apache, was named to lead the development team.
Apache said a head for its exploration team will be named after an ongoing search.
The Houston-based oil and gas company last week reported its fourth-quarter results, which included a more than $1 billion write down on its Alpine High assets in the Permian Basin. Overall, though, it reported a surprise adjusted profit then, benefiting from higher output at its shale assets in the Permian.
Reuters contributed to this report.
Recommended Reading
Exclusive: Mesa Minerals IV to Reload in Haynesville, Permian, Other Basins
2025-03-19 - Mesa Minerals IV, backed by NGP funds, is launching to acquire mineral and royalty interests in the Permian and Haynesville, said Mesa President and CEO Darin Zanovich at DUG Gas.
TG Natural Resources Boasts 20 Years of Haynesville Inventory
2025-04-09 - TG Natural Resources President and CEO Craig Jarchow said the company’s valuable Haynesville inventory provides a line of sight for investors 20 years down the line.
Queen’s Chess: Changing the Rules
2025-02-28 - There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.