Operator · Cleveland, Cline Shale & Eaglebine/Woodbine
Apache Corp
80 articles mentioning Apache Corp · Page 2 of 4
Apache Corp. Details Fourth Quarter 2019 Results
Apache Corp. announced its financial and operational results for the fourth-quarter and full-year 2019. Highlights: Delivered fourth-quarter reported production of 487,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and...
What Drives Production: Rig Count or Well Completions?
Much as has been said over the years about the link between rig counts and production. The industry watches the rig count weekly and refer to it as a proxy for production growth. We also have...
Apache Cuts 270 Employees as it Shutters San Antonio Office
Apache Corp. is shutting down its San Antonio, TX office, according to multiple reports. The closure will result in a reduction in staff totaling approximately 270 layoffs. This move is part of Apache's plan to reduce...
Apache, Total's Suriname JV Takes Off; Oily Discovery Reported
Apache Corp. and Total S.A. announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. This announcement comes less than two weeks after the companies announced a 50/50 JV-DrillCo in...
Apache Targeting Deeper Play at Latest Exploration Well Offshore Suriname
Apache Corp. has updated the status of its first exploratory well in Block 58 offshore Suriname. Drilling operations on the Maka Central - 1 well commenced in late September with an expected drill time of 30...
Apache to Focus on Oily Targets in 2020; Alpine High Activity Decreasing
Apache Corp. reported its Q3 2019 results and here are the highlights: Oil-Focused 2020 Capital; 10-20% Lower than 2019 "As we look ahead to 2020, our capital planning process is underway and we will disclose a...
M&A Highlights: Q3 2019
M&A Highlights: Q3 2019 Deals Map For the first time in recent quarters, the MidCon region has dominated the deal count compared to other plays. This development is highlighted by two deals: Apache's exit of the...
Apache Talks Q2 Activity, Exit from MidCon Region; Reaffirms Capex for 2019
Apache Corp. announced its financial and operational results for the second quarter of 2019. Highlights: Reported second-quarter production of 455,000 barrels of oil equivalent (BOE) per day. Adjusted production, which excludes Egypt noncontrolling interest and tax...
Apache Exits MidCon Region, Sells Western Anadarko/SCOOP
Apache Corp. has announced the completion of asset sales in the US midcontinent which will see Apache exiting the region. In May and July, Apache closed the sale of noncore assets in two separate transactions, comprising...
Apache Adds Former JPMorgan Exec to Board
Apache Corp. announced the election of Juliet S. Ellis to its board of directors. About Ellis Ellis, 60, served as a managing director and senior portfolio manager for Invesco Ltd. (Invesco) and as the chief investment...
Apache's Permian Output Jumps 36% YOY; Touts Alpine High Cost Reductions
Apache Corp. reported its Q1 2019 results. Here are the highlights from its report and presentation. In Q1, the company invested $597 million in upstream capital and remains on track for $2.4 billion for the year....
Apache Cuts Alpine High Production Volumes Due to Low Gas Prices
Apache Corp. has initiated natural gas production volume deferrals from its Alpine High play in late March, in response to extremely low prices at Waha Hub. Current deferrals represent approximately 250 MMcf/d of gross gas production....
Another Large Permian Operator to Cut Rig Count in Half for 2019; 6 Rigs
Apache Corp. provided an updated to is planned 2019 drilling program for the Permian Basin (see the image below). The company, who is averaging 11 rigs as of 1Q 2019 in the Permian Basin, plans to...
Apache Chops Rig Count By 7; Capex Reduced By 20%
Apache Corp. has reported its 2019 capital plan. This budget excludes the planned consolidated activities of Altus Midstream Company. NOTE: Below you will find the same production guidance that Apache provided in an earlier estimate, but...
2019 Capex / Production Comparison YOY: Permian Basin
As E&Ps begin to release 2019 operating plans, Shale Experts is taking a look at how the spending and production is changing YOY. We looked at major operators in the Permian Basin below. *Several companies have...
Altus Midstream Names New CEO
Apache Corp. and Altus Midstream Co. 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...
Another Permian Operator to Cut Rig Count in 2019
In its January 9, 2019 presentation at the Goldman Sachs Global Energy Conference, Apache Corp. gave a glimpse of its rig plans for the Permian in 2019. Currently at 18 rigs, the company has noted that...
Apache's North Sea Garten Prospect Flowing 13.7 MBOPD, 15.7 Mmcf/d
Apache has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The well is currently producing from the Beryl sand at a rate of 13.7 thousand...
Apache Corp. Founder Raymond Plank Passes Away
Key industry figure and founder of Apache Corp., Raymond Plank, passed away on November 8, 2018 at his Ucross, Wyoming ranch, according to multiple reports. He was 96 years old. Prior to founding Apache, Plank served...
Apache IDs Budget for 2019; Achieves Record Permian Output in Q3 at 222 MBOEPD
Apache Corp. reported its Q3 2018 results as well as its preliminary plans for 2019. 2019 Plans - $3.0B Capex / 425 MBOEPD Guidance - Capex: Apache is planning a $3 billion annual capital program, which...