Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Graham Jon
2. Date of Event Requiring Statement (Month/Day/Year)
05/05/2011
3. Issuer Name and Ticker or Trading Symbol
APACHE CORP [APA]
(Last)
(First)
(Middle)
2000 POST OAK BLVD., SUITE 100
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77056
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock (1) 1,574.242
I
Held by trustee of 401(k) plan
Common Stock (1) 2,765.581
I
Held by trustee of NQ plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (2)   (3)   (3) Common Stock (1) 8,521.1798 $ 0 (2) D  
Restricted Stock / Units (4)   (6)   (6) Common Stock (1) 6,858 $ 0 (5) D  
Option (Buy $74.10) (4)   (7) 05/02/2017 Common Stock (1) 825 $ 74.1 D  
Option (Buy $135.83) (4)   (8) 05/07/2018 Common Stock (1) 2,083 $ 135.83 D  
Conditional Grant / ($216 Theshold)   (9) 12/31/2012 Common Stock (1) 2,370 $ 0 (9) D  
Option (Buy $82.55) (4)   (10) 05/06/2019 Common Stock (1) 3,200 $ 82.55 D  
Option (Buy $99.30) (4)   (11) 05/05/2020 Common Stock (1) 4,854 $ 99.3 D  
Option (Buy $126.61)   (12) 05/04/2021 Common Stock (1) 4,948 $ 126.61 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Graham Jon
2000 POST OAK BLVD.
SUITE 100
HOUSTON, TX 77056
      Vice President  

Signatures

Jon Graham 05/11/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The shares of common stock of Apache are deemed to also represent certain preferred stock purchase rights ('Rights'). The Rights are not currently exercisable or separately tradable and presently are evidenced by certificates for shares of the common stock. Value attributable to such Rights, if any, is reflected in the market price of the common stock.
(2) One share of Apache common stock for each phantom stock unit.
(3) Exempt acquisition pursuant to Rule 16b-3(d) - accrued under the deferred compensation provisions of Apache's Deferred Delivery Plan.
(4) With tandem tax withholding right
(5) One share of Apache common stock for each restricted stock unit.
(6) Restricted stock units granted under employer plan. The units vest ratably over four years beginning one year from the date of grant.
(7) Exercisable ratably over four years beginning 05/02/2008.
(8) Exercisable ratably over four years beginning 05/07/2009.
(9) Payable if Apache common stock attains the per share price threshold by 12/31/2012. If threshold is attained, will be paid over five vesting dates: within 30 days after the date on which the price threshold is attained, and the dates 12 months, 24 months, 36 months, and 48 months following such date of attainment.
(10) Exercisable ratably over four years beginning 05/06/2010.
(11) Exercisable ratably over four years beginning 05/05/2011.
(12) Exercisable ratably over four years beginning 05/04/2012.

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