APA Corporation
09/26/2024 | Press release | Distributed by Public on 09/26/2024 13:15
Specialized Disclosure Report - Form SD
Resource Extraction Payment Report
Government-level disclosure
All payments are made out of APA Corporation's three operating segments: the U.S., Egypt, and offshore the U.K. in the North Sea.
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by country and type of payment.
| For the Year Ended December 31, 2023 | |||||||||||||
|
Government Entity
|
Subnational Jurisdiction(2)
|
Taxes | Royalties | Fees | Production Entitlements | Bonuses | Total | ||||||
|
(U.S. $ in thousands)(1)
|
|||||||||||||
|
United States
|
|||||||||||||
| Bureau of Safety & Environmental Enforcement |
Offshore - Gulf of Mexico - Texas
|
$ | - | $ | - | $ | 182 | $ | - | $ | - | $ | 182 |
| Office of Natural Resources Revenue | Offshore - Gulf of Mexico - Texas | - | 5,690 | 1 | - | - | 5,691 | ||||||
| Office of Natural Resources Revenue |
Onshore - New Mexico
|
- | 40,861 | 12 | - | - | 40,873 | ||||||
| United Kingdom | |||||||||||||
|
HM Revenue & Customs (HMRC)
|
Offshore - North Sea - Great Britain
|
435,840 | - | - | - | - | 435,840 | ||||||
| Aberdeen City Council Business Rate | Offshore - North Sea - Great Britain | - | - | 1,103 | - | - | 1,103 | ||||||
|
Department For Business, Energy, & Industrial Strategy
|
Offshore - North Sea - Great Britain | - | - | 344 | - | - | 344 | ||||||
| Egypt | |||||||||||||
| Egyptian General Petroleum Corporation |
Onshore - Egypt - Western Desert
|
- | - | 8,800 | 465,284 | 10,000 | 484,084 | ||||||
|
Egyptian Tax Authority
|
Onshore - Egypt - Western Desert | 843,606 | - | - | - | - | 843,606 | ||||||
| $ | 1,279,446 | $ | 46,551 | $ | 10,442 | $ | 465,284 | $ | 10,000 | $ | 1,811,723 |
(1) All payments are reported in U.S. dollars. Payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rate existing at the time the payment was made.
(2) Projects are disclosed by subnational political jurisdiction as all payments have the same type of resource (oil/natural gas) and extraction method (well).