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Apache Pares Back Onshore Production in Q2
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Apache Corporation has announced its financial and operational results for the second quarter of 2016.
Production: Total worldwide production of 535,000 BOEPD (Up .7% Q1) and pro forma production of 461,000 Boe per day (Down 3.7% Q1), which excludes Egypt noncontrolling interest and tax barrels. In North America Onshore, production was 282,000 Boe per day (Down 5.3% Q1) while pro forma International and Offshore production was 179,000 Boe per day. Second-quarter North American Onshore production volumes declined 16,000 Boe per day from the first quarter. More than 10,000 Boe per day of this decline came from lower-margin areas outside of the Permian Basin. International and Offshore production was relatively flat from first quarter to second quarter. Operational:North America Onshore
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