Production deferrals designed to positively impact Apache’s cash flow in the near term No change expected to Altus Midstream Company’s 2019 EBITDA guidance range Cryogenic processing buildout at Alpine High is progressing ahead of schedule Reiterates Alpine High 2019 exit rate guidance of greater than 100 thousand barrels of oil equivalent per day Apache Corp. today announced that it initiated natural gas [...]
Apache Corp. today provided supplemental information regarding first-quarter 2019 Egypt tax barrels, realized derivative gains and dry hole costs. Supplemental quarterly information To further assist analysts with their first-quarter earnings models, the company is providing the following estimates: Egypt tax barrels: 28,000 to 30,000 BOE per day Realized gain on oil and gas price derivatives : $15 million Unrealized loss [...]
Apache Corp. today announced a corporate partnership with the United Service Organizations , a leading nonprofit organization serving America's military service members and their families throughout their service to the nation. Under the partnership, Apache joins the USO as a Force Behind the Forces® to help strengthen our armed forces by keeping them connected to family, home and country. Apache employees across [...]
Apache Corp. today announced fourth-quarter and full-year 2018 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter . There will be a conference call Feb. 28 at 10 a.m. Central time to discuss the results. The conference call will be webcast from the website, and the webcast replay will be archived there as well. The conference call will also be available [...]
The board of directors of Apache Corp. has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable May 22, 2019, to stockholders of record on April 22, 2019, at a rate of 25 cents per share on the corporation’s common stock. About Apache Apache Corp. is an oil and gas exploration and production company with operations in the United States, Egypt and the United [...]
Establishes 2019 upstream capital budget of $2.4 billion, 70 to 75 percent of which will be allocated within the United States Expects full-year 2019 total adjusted production to trend to the midpoint of previously disclosed guidance range of 410,000 to 440,000 barrels of oil equivalent per day Projects 6 to 10 percent total adjusted production growth, 12 to 16 percent U.S. production growth, and 5 percent Permian oil [...]
Apache Corp. today provided supplemental information regarding fourth-quarter realized commodity prices, derivative gains, dry hole costs and Egypt tax barrels. Supplemental quarterly information To further assist analysts with their fourth-quarter earnings models, the company is providing the following estimates: Average Realized Prices – 4Q18 Oil NGL Natural Gas U.S. $51.85 $23.81 $2.03 International $63.69 $39.77 [...]
A $1 million contribution in support of Balmorhea State Park pool repairs was presented by Apache Corp. at a meeting of the Texas Parks and Wildlife Commission today. The check presentation marks the culmination of a $2 million fundraising effort led by Texas Parks and Wildlife Foundation . The pool at Balmorhea State Park was closed in early 2018 following a structural collapse of a wall caused by years of erosion from [...]
Apache Corp. has been named by FORTUNE magazine as one of the World’s Most Admired Companies. This is Apache’s second consecutive year to be recognized in the annual list. “We are honored to again be included in this group of world-class companies. Apache’s core values and business strategy together with our dedicated and talented employees are what make this a great place to work and a top company [...]
Apache Corp. and Altus Midstream Company today announced the appointment of Clay Bretches as CEO of Altus Midstream, effective immediately. Bretches will also serve as a member of the Altus board of directors and as Apache’s senior vice president, U.S. Midstream Operations. Brian Freed, CEO of Altus since its inception, will continue in his role as Apache’s senior vice president, Midstream and Marketing [...]
The board of directors of Apache Corp. has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable Feb. 22, 2019, to stockholders of record on Jan. 22, 2019, at a rate of 25 cents per share on the corporation’s common stock. Apache's annual meeting will be held at 10 a.m. Central time Thursday, May 23, 2019, at the Hilton Houston Post Oak Hotel, 2001 Post Oak [...]
Apache Corp. today announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is located 6 kilometers south of the Beryl Alpha Platform, was placed on production in late November, less than eight months after being drilled in March 2018. The discovery well at Garten encountered a downthrown structural closure with 778 [...]
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