Apache Corp (APA.N)

APA.N on New York Stock Exchange

15 Dec 2017
Change (% chg)

$0.05 (+0.13%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Apache Corp qtrly adjusted earnings per share $0.04
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Apache Corp ::Apache corp qtrly earnings per share $0.16.Apache corp qtrly adjusted earnings per share $0.04.Qtrly oil and gas production revenues $1,389‍​ million versus $1,439 million.Qtrly total production was 448,235‍​ boe per day versus 520,115 boe per day.Qtrly total average oil price $49.34 per barrel versus $44.35 per barrel.Capital guidance for 2017 of $3.1 billion remains on track with for the full year‍​.Qtrly total average natural gas price $2.75 per mcf versus $2.59 per mcf."on track to achieve fourth-quarter production targets and end the year with less debt and considerably more cash than the start of 2017"‍​.During q3, averaged 36 operated rigs worldwide, with 17 in Permian, 4 in other North America areas, 12 in Egypt, 3 in North Sea‍​.With recent Canadian divestment, "our portfolio is now increasingly weighted to our permian assets including alpine high".“Across the Permian basin, we are benefiting from the testing and optimization initiatives we put in place during 2016".Third-quarter production in the Permian basin averaged 161,000 boe per day, an 11 percent increase quarter over quarter.Q3 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S.  Full Article

Apache completes strategic exit from Canada
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Apache Corp ::Apache completes strategic exit from Canada.  Full Article

Apache says Permian output should continue to grow 'quarter after quarter'
Friday, 4 Aug 2017 

Aug 3 (Reuters) - Apache Corp :Chief Executive Officer John Christmann says 2017 capital budget and dividends are fully funded.CEO says will end 2017 with more cash and less debt than when year began.CEO says will end year with 'significantly higher production levels' from the Permian.Apache Corp CEO says production bottomed out in 2nd quarter and should increase rest of year.Apache Corp CEO says average well cost at or below budgeted levels.Apache Corp CEO says expects 2018 capital budget of $3.1 billion.Apache Corp says does not expect rising service costs to affect budget for rest of year.Apache Corp says sourcing more frack sand from local mines in Permian.Apache Corp says Permian oil output should continue to grow 'quarter after quarter'.  Full Article

Apache declares cash dividend on common shares
Tuesday, 14 Feb 2017 

Apache Corp :Apache Corp - Dividend on common shares is payable May 22, 2017, to stockholders of record on April 21, 2017, at a rate of 25 cents per share.  Full Article

Apache qtrly net loss of $244 million, or $0.65 per share
Thursday, 4 Aug 2016 

Apache Says : Under The Full-Cost method, qtrly net loss would have been $1.58 per share . Now expects to spend at the high end of its 2016 capital guidance range of $1.4 to $1.8 billion. . When adjusted for certain additional items that impact comparability of results, q2 loss was $0.26 per share . In North America onshore, production of 282,000 BOE per day while pro forma international, offshore production was 179,000 BOE per day in quarter . "refrained" from significant development drilling in low commodity-price environment; turned focus to capital efficiency improvements . Apache Corp qtrly revenue $1,382 million versus $2,246 million; qtrly oil and gas production revenue $1,386 million versus $1,991 million . Q2 total average natural gas price $2.04 per MCF versus $2.14 per MCF in q1 . Apache says qtrly net loss of $244 million, or $0.65 per share . Apache says qtrly total worldwide production of 535,000 boe per day and pro forma production of 461,000 boe per day . "as oil prices have begun to show modest signs of improvement relative to the first quarter, apache is slowly deploying incremental capital " . Recently added a rig in midland basin, is maintaining operations on two platform rigs in north sea, and accelerating strategic testing initiatives . "on track to deliver production in line with the increased guidance provided last quarter".  Full Article

Apache says changed method of accounting for oil and gas exploration during Q2
Wednesday, 3 Aug 2016 

Apache Corp : During Q2, changed method of accounting for oil and gas exploration and development activities from full-cost to successful-efforts method .Second-Quarter 2016 results, which will be released August 4, 2016, will reflect change.  Full Article

Apache declared regular cash dividend of 25 cents/share
Friday, 13 May 2016 

Apache Corp :Declared regular cash dividend of 25 cents per share.  Full Article

Apache's latest expansion plan shows U.S. shale far from peaking

HOUSTON, Dec 15 Apache Corp Chief Executive John Christmann is betting the future of his company on a remote corner of the Permian Basin, the largest U.S. oilfield, planning to spend billions of dollars in the next 20 years to drill more than 5,000 wells.