News: Apache Corp (APA)

APA on New York Consolidated

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1 Apr 2015
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Tue, Feb 24 2015

New oil rush? Private equity starts to buy into energy assets

BERLIN, Feb 24 - Earning $7 on the dollar is any investor's dream. Buyout group Apollo has shown with its investment in oil exploration and production company Athlon Energy that such reveries can become reality.

UPDATE 2-Brent hovers near $60, up almost 4 pct on week

* German quarterly GDP higher than forecast; Eurozone GDP due

Apache slashing 2015 rig count, capex due to low oil prices

- Apache Corp, one of the top U.S. shale oil producers, said on Thursday it would slash capital expenditures and its rig count in 2015 as the collapse of crude oil prices prompts it to slow drilling, keeping output growth mostly flat.

UPDATE 4-Apache slashing 2015 rig count, capex due to low oil prices

Feb 12 - Apache Corp, one of the top U.S. shale oil producers, said on Thursday it would slash capital expenditures and its rig count in 2015 as the collapse of crude oil prices prompts it to slow drilling, keeping output growth mostly flat.

Apache slashing 2015 rig count, capex due to low oil prices

- Apache Corp , one of the top U.S. shale oil producers, said on Thursday it would slash capital expenditures and its rig count in 2015, in response to the collapse of crude oil prices.

UPDATE 3-Apache slashing 2015 rig count, capex due to low oil prices

Feb 12 - Apache Corp, one of the top U.S. shale oil producers, said on Thursday it would slash capital expenditures and its rig count in 2015, in response to the collapse of crude oil prices.

Apache now keeping Egypt, North Sea units -CEO

HOUSTON, Feb 12 - Apache Corp has tabled its plans to sell or spin-off its businesses in Egypt and the North Sea because those projects generate needed cash in a time of low crude oil prices, the CEO said on Thursday.

Apache posts quarterly loss, plans to slash rig count

Feb 12 - Apache Corp on Thursday reported a quarterly loss as it wrote down the value of oil and gas assets and said it is reducing its rig count by more than a third in response to the collapse in crude oil prices.

IDB unit extends Islamic reinsurance for Apache's Egypt projects

Feb 2 - A unit of the Jeddah-based Islamic Development Bank, a multilateral lending institution, has provided $80 million worth of sharia-compliant reinsurance to cover political risk for oil and gas projects in Egypt.

Buyers bide their time in $110 billion oil asset sell-off

LONDON - With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion.

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