Post Tagged with: "2019 CapEx"

Apache Slashes CapEx, but Will Put Up To $1.8 Billion in Permian in 2019

Apache Slashes CapEx, but Will Put Up To $1.8 Billion in Permian in 2019

Overall CapEx down 23%
By Richard Rostad, analyst, Oil & Gas 360

Apache (ticker: APA) announced 2019 guidance today, showing the company’s response to the Q4 2018 oil price downturn.

Like several other E&P companies, Apache has reduced its expected

A hydraulic shovel places overburden in a haul truck at the Fort Hills site.

Courtesy of Suncor

Alberta’s Mandatory Curtailments Manufacture Some Problems — Suncor Sets 2019 Spend in $5 Billion Range

Suncor said its 2019 upstream capital program is going to be $4.9 billion to $5.6 billion to achieve average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (BOEPD) for 2019.

The midpoints of these ranges represent

December 14, 2018 - 1:14 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles