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Apache Corp (APA)

APA on New York Consolidated

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30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Apache qtrly net loss of $244 million, or $0.65 per share
Thursday, 4 Aug 2016 08:37am EDT 

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 06:58am EDT 

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
Thursday, 12 May 2016 04:33pm EDT 

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

Apache Corp declares regular cash dividend on the company's common shares
Thursday, 17 Dec 2015 08:00am EST 

Apache Corp:Declares dividend on common shares is payable Feb. 22, 2016, to stockholders of record on Jan. 22, 2016, at a rate of 25 cents per share.  Full Article

EnLink Midstream says subsidiary has acquired a 50-percent ownership interest in Deadwood natural gas processing facility from subsidiary of Apache Corporation
Monday, 16 Nov 2015 08:00am EST 

EnLink Midstream Partners, LP:Says that its subsidiary has acquired a 50-percent ownership interest in Deadwood natural gas processing facility from subsidiary of Apache Corporation.cost of the accretive acquisition was about $40 million.Facility is located in Glasscock County, Texas in the Permian Basin.  Full Article

Apache Corp announces North Sea Discoveries
Friday, 30 Oct 2015 09:00am EDT 

Apache Corp:Announces North Sea discoveries with estimated net reserves of 50 million to more than 70 million barrels.Says announced significant discoveries on two exploration wells in the beryl area of the U.K. North Sea.Says also drilled two significant development wells in the beryl area, from which no reserves have been previously booked.Says announced a large discovery at its seagull prospect, which lies approximately 50 miles south of the company's forties field.Says future appraisal drilling will enable the company to further define the upside potential beyond 70 mmboe.Says apache's proved reserves in the North Sea at yearend 2014 were approximately 140 mmboe.  Full Article

Apache Corp declares cash dividends on common shares
Thursday, 17 Sep 2015 08:00am EDT 

Apache Corp:Says it has declared regular cash dividends on the company's common shares.Says the dividend on common shares of 25 cents per share is payable on Nov. 23, 2015, to stockholders of record on Oct. 22, 2015.  Full Article

Apache Corp enters into credit agreement - Form 8-K
Tuesday, 9 Jun 2015 02:36pm EDT 

Apache Corp:Entered into a credit agreement with (lenders) JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A. and Citibank, N.A., as co-syndication agents, and Royal Bank of Canada, HSBC Bank USA, National Association.The Bank of Tokyo-Mitsubishi UFJ, Ltd., Wells Fargo Bank, National Association, and Mizuho Bank, Ltd., as Co-Documentation Agents.The credit agreement provides for a five-year revolving credit facility and aggregate commitments of $3.5 billion (including a $750 million letter of credit subfacility), with rights to increase commitments up to an aggregate $4.5 billion.Proceeds of borrowings may be used for general corporate purposes.  Full Article

Apache Corp completes sale of Australian Operations
Friday, 5 Jun 2015 08:03am EDT 

Apache Corp:Completed the previously disclosed sale of its Australian subsidiary Apache Energy Ltd to a consortium of private equity funds managed by Macquarie Corporate Holdings Ltd and Brookfield Asset Management Inc.Total proceeds of $1.9 billion are net of $225 million in customary, post-closing adjustments for the period between the effective date, Oct. 1, 2014, and closing.  Full Article

Apache Corp announces organizational restructuring and key leadership changes
Monday, 1 Jun 2015 09:28am EDT 

Apache Corp:Announces organizational restructuring and key leadership changes.Says new organization includes three super Regions.Says in North America, the company is merging resources into two super Regions: the permian region and the Houston region.Says apache's Egypt region, North Sea region and Gulf of Mexico region will form the international and offshore region.Says timothy j. sullivan has been appointed to newly created role of senior vice president - operations support based in Houston.Thomas E. Voytovich will assume the role of EVP - international and offshore region and exploration and production technology.Says by the end of 2015, Apache will reposition its overall cost structure.Organizational changes and realignment of apache's operating areas will not impact reporting of production in co's quarterly supplement.Company will continue to report production as permian, central, gulf coast, Canada, Gulf of Mexico, Egypt and the North Sea.  Full Article

Egypt accepts six bids for oil and gas exploration

CAIRO Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.