Apache Corp.

Apache Corp. today announced that it has opened the application season for its 2020-2021 Tree Grant Program. In its 15th year, the Apache Tree Grant Program has provided more than 4.7 million trees across 17 states since 2005. Last year, the program donated over 61,000 trees to 54 nonprofits, including the Texas Parks and Wildlife Department, Keep Odessa Beautiful and the Houston Parks and Recreation Department. “Apache’s [...]

Apache Corp. today announced it has elected to list its common stock solely on the Nasdaq Stock Market beginning June 9, 2020. The company will discontinue listing its common stock on the New York Stock Exchange and the Chicago Stock Exchange after the market closes on June 8, 2020. Additionally, the company will discontinue listing its 7.75% notes due 2029 from the New York Stock Exchange on the same date, and such notes [...]

The board of directors of Apache Corp. has declared a regular cash dividend on the company's common shares. The dividend on common shares is payable Aug. 21, 2020, to stockholders of record on July 22, 2020, at a rate of 2.5 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 Kingdom and [...]

Apache Corp. today announced first-quarter 2020 results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter . There will be a conference call May 7 at 10 a.m. Central time to discuss the results. It will be webcast and archived on Apache’s website and available for playback by telephone for one week. The number for the replay is 855-859-2056 or 404-537-3406 for international calls. The [...]

Apache Corp. today announced that, due to the ongoing public health risks and safety concerns related to the coronavirus pandemic, the location of the Company’s annual meeting of shareholders has been changed to a virtual-only format, as described below. Shareholders will not be able to attend the meeting in person. The meeting date and time have not changed, only the format. Virtual Annual Meeting of Shareholders Meeting [...]

Apache Corp. today provided supplemental information regarding certain first-quarter 2020 financial and operational results. Supplemental quarterly information To further assist analysts with their first-quarter earnings models, the company is providing the following estimates: Average Realized Prices – 1Q20 Oil NGL Natural Gas United States $46.25 $9.60 $0.70 International $50.00 $35.00 $2.90 Egypt tax barrels: 7-10 [...]

Sapakara West-1 well provides further confirmation of geologic model with 79 meters of net oil and gas condensate pay. The third and fourth exploration well locations in Block 58 have been identified. HOUSTON, April 02, 2020 -- Apache Corp. and Total S.A. today announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft with Apache [...]

Apache Corp. today provided an update regarding the cost savings associated with its previously announced organizational redesign. Apache now expects to deliver an annualized G&A and LOE cost reduction in excess of $300 million, up from an original target of $150 million. Approximately $225 million of the identified savings, which includes the impact of severance and reorganization costs, will be achieved in 2020. “We [...]

Apache Corp. today provided additional information related to the strength of its liquidity position and capital structure in response to Standard and Poor’s decision yesterday to lower Apache’s credit rating. On March 26, 2020, Standard & Poor’s reduced Apache’s credit rating from BBB to BB+. The primary impact of the ratings change is that Apache will post letters of credit aggregating approximately $650 million related [...]

Apache Corp. today announced multiple actions being taken in response to the current oil price environment. The company reduced its 2020 capital investment plan to a range of $1.0 billion to $1.2 billion from a previous range of $1.6 billion to $1.9 billion. Over the coming weeks, the company will reduce its Permian rig count to zero, limiting exposure to short-cycle oil projects. Activity reductions are also planned in [...]