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See where Apache Corp. says it found billions of barrels of oil

Apache Corp. stock was among the top gainers Wednesday after the oil and gas company revealed an “immense” oil and gas reserve in a relatively unknown corner of west Texas.

Apache APA, +6.70% estimated that its more than 300,000 contiguous acres in the region hold about 3 billion barrels of oil and 75 trillion cubic feet of natural gas. It called the field Alpine High.

Alpine High is located in the Delaware Basin, the southwest corner of the Permian Basin. The Permian itself is mostly located in west Texas, with a small area straddling southeastern New Mexico.

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