Key Developments: Apache Corp (APA.N)

APA.N on New York Stock Exchange

81.68USD
1 Aug 2013
Price Change (% chg)

$1.43 (+1.78%)
Prev Close
$80.25
Open
$82.10
Day's High
$82.10
Day's Low
$80.52
Volume
663,250
Avg. Vol
997,906
52-wk High
$94.83
52-wk Low
$67.91

Search Stocks

Latest Key Developments (Source: Significant Developments)

Apache Corp To Sell Gulf Of Mexico Shelf Assets For $3.75 Billion
Thursday, 18 Jul 2013 04:15pm EDT 

Apache Corp announced that it has agreed to sell its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for cash proceeds of $3.75 billion. In addition, Fieldwood will assume all asset retirement obligations for these properties, which, as of June 30, 2013, Apache estimated at a discounted value of approximately $1.5 billion. Apache will retain 50 % of its ownership interest in all exploration blocks and in horizons below production in developed blocks, where high-potential deep hydrocarbon plays are being tested.  Full Article

Apache Corp Declares Cash Dividends On Common And Preferred Shares
Wednesday, 22 May 2013 09:05am EDT 

Apache Corp announced that it has declared regular cash dividends on the company's common shares and 6% Mandatory Convertible Preferred Stock, Series D. The dividend on common shares of $0.20 per share is payable on August 22, 2013, to stockholders of record on July 22, 2013. The company also announced the regular cash dividend on the 6% Mandatory Convertible Preferred Stock, Series D. The dividend on the Series D preferred stock is payable August 1, 2013, to holders of record on July 15, 2013, at the rate of $15 per share, which is equivalent to $0.75 per depositary share, each representing 1/20th of a share of Series D preferred stock. The depositary shares are traded on the New York Stock Exchange under the ticker APA/PD.  Full Article

Apache Corp Plans To Sell $4 Billion In Assets By Year-End-Reuters
Thursday, 9 May 2013 01:33pm EDT 

Reuters reported that Apache Corp said it plans to sell $4 billion in assets, using proceeds to shore up its balance sheet and share price through debt reduction and a big share buy-back. Houston-based Apache said it planned to use about $2 billion from the sale of non-core assets to reduce debt, with the other $2 billion earmarked for the repurchase of up to 30 million shares, or about 7.5% of Apache's outstanding shares.  Full Article

Apache Corp Reaffirms FY 2013 Production Guidance
Thursday, 9 May 2013 08:01am EDT 

Apache Corp announced that for fiscal 2013, the Company remains on track to achieve its full-year guidance of 3% to 5% production growth.  Full Article

Apache Corp's Subsidiaries Acquires 14 Blocks In Central GoM Lease Sale 227
Monday, 1 Apr 2013 05:01pm EDT 

Apache Corp announced that its subsidiaries were the apparent high bidders on nine shallow water blocks and five deepwater blocks in the recent Gulf of Mexico lease sale held by the U.S. Department of the Interior's Bureau of Ocean Energy Management. Lease Sale 227, held March 20 in New Orleans, received 407 bids from 52 companies on 320 tracts, with the high bids totaling more than $1.2 billion. On the continental shelf, Apache was the sole bidder on all nine blocks where it submitted bids. Overall, the company's net exposure for its winning bids was $2.2 million for the shelf and $24.6 million for deepwater blocks.  Full Article

Apache Corp And Partners Finalize Agreements To Sell LNG To Chubu Electric
Thursday, 28 Mar 2013 08:30am EDT 

Apache Corp announced that an Australian subsidiary and its partners have signed long-term sales and purchase agreements with Chubu Electric Power Company, Inc. for liquefied natural gas from the Chevron-operated Wheatstone Project in Western Australia. The Wheatstone partners have agreed to supply Chubu Electric with 1 million metric tons per annum (mtpa) of LNG for up to 20 years. Through its 13-percent share in the Wheatstone Project, Apache Julimar Pty Ltd, an Apache subsidiary, will supply 0.13 mtpa from natural gas (approximately 19 million cubic feet of gas per day) produced at the Julimar and Brunello fields in offshore production license WA-49-L. Wheatstone, one of Australia's largest resource projects, is under development at Ashburton North, 7 miles (12 kilometers) west of Onslow in Western Australia. The foundation phase of the project will include two LNG trains with a combined capacity of 8.9 mtpa and a domestic gas plant. Apache Julimar Pty Ltd and KUFPEC Australia (Julimar) Pty Ltd, a subsidiary of Kuwait Foreign Petroleum Co., will supply gas produced from the Julimar and Brunello fields. Apache has a 65-percent interest in the upstream Julimar Development Project and is the operator.  Full Article

Apache Corp Issues FY 2013 Production Guidance-Conference Call
Thursday, 14 Feb 2013 07:00pm EST 

Apache Corp announced that the Company expect total production to grow by 3% to 5% in fiscal 2013.  Full Article

Apache Corp Increases Common Dividend 18% To 20 Cents Per Share
Tuesday, 12 Feb 2013 08:00am EST 

Apache Corp announced that it has raised the regular quarterly cash dividend on the Company's common shares to 20 cents per share, an increase of 18 %.The dividend on common shares is payable on May 22, 2013, to stockholders of record on April 22, 2013.  Full Article

Apache Corp's Apache Canada Ltd, Chevron Corp's Chevron Canada Announce Joint Venture For Kitimat LNG Project
Monday, 24 Dec 2012 09:00am EST 

Apache Corp announced that its subsidiary Apache Canada Ltd. has signed a broad agreement with Chevron Canada Limited to build and operate the Kitimat LNG project and develop world-class shale gas resources at the Liard and Horn River basins in British Columbia, Canada. Chevron Canada, a subsidiary of Chevron Corp, and Apache Canada each will become a 50 percent owner of the Kitimat LNG plant, the Pacific Trail Pipeline and 644,000 gross undeveloped acres in the Horn River and Liard basins. Chevron Canada will operate the LNG plant, which will be located on the northern British Columbia coast, and the pipeline; Apache Canada will operate the upstream assets.  Full Article

Apache Corp Prices $2 Billion Notes Offering
Wednesday, 28 Nov 2012 07:30pm EST 

Apache Corp announced that it has priced $2 billion in aggregate principal amount of notes in a public offering comprising $1.2 billion principal amount of 2.625% notes due in 2023 and $800 million principal amount of 4.25% notes due in 2044. Apache intends to use the net proceeds from the offering to repay outstanding commercial paper borrowings and for general corporate purposes. Net proceeds to Apache, after deducting the underwriting discounts and estimated offering expenses payable by Apache, are expected to be approximately $1.97 billion. The offering is expected to close on December 3, 2012. Joint book-running managers for the offering are BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, BMO Capital Markets, BNP PARIBAS, Credit Agricole CIB, Deutsche Bank Securities, HSBC, Mitsubishi UFJ Securities, Mizuho Securities, RBC Capital Markets, RBS, UBS Investment Bank and Wells Fargo Securities.  Full Article

Apache profit matches Street as shale production jumps

- Apache Corp , an oil and natural gas exploration and production company, reported a higher quarterly profit on Thursday that matched Wall Street's expectations, helped by a surge in shale operations.

Search Stocks