APA Corporation

APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.

In 1954, the Apache Oil Corporation was founded in Minneapolis, Minnesota, by Truman Anderson, Raymond Plank and Charles Arnao with $250,000 in funding.

In 1955, the first wells were drilled in the Cushing field, between Tulsa and Oklahoma City.

In 1960, the company acquired interests in the Foshay Tower, a Minneapolis landmark. The 32-story imitation of the Washington Monument, became the company's headquarters from the early 1960s until 1984.

In 1967, the oil well Fagerness #1 was drilled, yielding the company's first major discovery.

In 1969, the company became a public company via an initial public offering.

In 1970, the company diversified into agriculture with the acquisition of the S&J Ranch in California. The ranch produced citrus fruit, figs, pistachios, olives, and almonds. It was sold in 1987 to Castle & Cooke.

In 1971, the company formed Apache Exploration Company (subsequently "Apexco") as its oil and gas operating company.