HOUSTON, March 26, 2012 /PRNewswire/ -- Apache Corporation
today reported that approval of seven new development leases in the Faghur Basin has enabled the company to add 5,200 barrels per day of new production in Egypt's Western Desert.
'Apache is pushing Jurassic, Cretaceous and Paleozoic plays farther south and westward in the Faghur Basin,' said Tom Voytovich, Egypt Region vice president. 'This significant expansion
today reported encouraging results in its exploratory drilling program in the emerging Whittenburg Basin play in the Texas Panhandle. Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval.
Apache has leased or purchased approximately 96,000 net acres in the Bivins Ranch area, a 200-square-mile block in Hartley, Oldham
today reported that record production and strong oil prices combined to generate record full-year 2011 earnings of $4.5 billion or $11.47 per diluted common share, up 50 percent from $3 billion or $8.46 per share in 2010.
Production increased 14 percent to 748,000 barrels of oil equivalent (boe) per day. Cash from operations before changes in operating assets and
HOUSTON, Feb. 9, 2012 /PRNewswire/ -- The Board of Directors of Apache Corporation
today announced it has raised the regular quarterly cash dividend on the company's common shares to 17 cents per share, an increase of 13 percent.
'Apache's Board of Directors decided to increase the dividend based on the company's strong future growth prospects and financial position. Apache earned more in the first three quarters of 2011
, will release its fourth-quarter and full-year 2011 results at 7 a.m. Central time on Thursday, Feb. 16, followed by a conference call to discuss its results at 1 p.m. Central time.
The fourth-quarter results conference call will be webcast from Apache's website, http://www.apachecorp.com. The webcast replay will be archived on Apache's website. The conference call
today announced that its Apache Energy Limited subsidiary has completed previously announced plans to acquire an interest in Burrup Holdings Limited, owner of an ammonia fertilizer plant in the Burrup Peninsula region of Western Australia, from ANZ Bank.
Apache paid $439 million, including customary closing adjustments, to acquire a 49-percent interest in Burrup
today announced that its board of directors has elected Margery M. Harris as executive vice president of human resources. She joined Apache in 2007 as vice president of human resources and was promoted to senior vice president in 2011.
'Margie has played a critical role in the development of Apache's global human resources program - including our talent development
today announced that it will acquire a 65-percent interest in Burrup Holdings Limited and plans to proceed with development of a technical ammonium nitrate (TAN) plant in the Burrup Peninsula region of Western Australia to be developed by a consortium including Burrup Holdings Limited.
Apache said it is also negotiating to sell most of its interest in the TAN
today announced that it will acquire a 65-percent interest in Burrup Holdings Limited and plans to proceed with development of a technical ammonium nitrate (TAN) plant in the Burrup Peninsula region of Western Australia to be developed by a consortium including Burrup Holdings Limited.
Apache said it is also negotiating to sell most of its interest in the TAN
today announced that its wholly owned subsidiary along with other co-venturers will proceed with development of the Lucius project in the Keathley Canyon area of the deepwater Gulf of Mexico.
'The Lucius unit is a world-class oil and gas accumulation in an emerging area of the deepwater Gulf,' said G. Steven Farris, Apache's chairman and chief executive officer
reported production of 752,000 barrels of oil equivalent (boe) per day and earnings of $983 million, or $2.50 per diluted share, for the three-month period ending Sept. 30, 2011. These compare with production of 667,000 boe per day and net income of $765 million, or $2.12 per diluted share, for the same period in the prior year.
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