Houston oil company Apache Corp. is making deeper budget cuts while its Permian Basin rig count has declined to zero.
Apache reported Friday that the company has cut $1.3 billion from this year’s capital spending budget, reducing the …
Oil & Gas 360 Publishers Note: This blog from Erin Faulkner at Enverus is an excellent summary of the top operators in the Permian and their financial updates. Enverus has over 1,700 employees and has customers in over 50 …
Devon Energy, Apache Corp and Murphy Oil Corp on Thursday became the latest in a string of North American oil producers to slash their capital spending and drilling plans as crude prices tumble.
Oil producers have been scaling back …
Apache Corp. is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the prospect for about three years.
The Houston-based company posted a roughly $3 billion writedown on its …
During 2019, the company secured $620 million of backlog, including over $50 million secured in the fourth quarter related to a 12-month extension for the Ocean Patriot in the North Sea.
Namely, the 1982-built Ocean Patriot semi-submersible …
Apache Corp. is closing its San Antonio office and eliminating more than 270 jobs as part of a reorganization process designed to cut costs.
The Houston-based oil and gas producer had a difficult 2019 as its stock value …
Reuters
U.S. energy producers plan to slash spending for a second straight year in 2020 as companies struggle to extract profits from the U.S. shale boom.
While U.S. crude output hit a record 13 million barrels per day (bpd) this …
A ride through the Permian Basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well sites to the main highways.
But there are …
Apache Corporation Announces Temporary Deferral of Alpine High Natural Gas Production in Response to Recent Pricing at Waha Hub
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Saulsbury was recently awarded a contract to construct three cryogenic processing plants at Apache’s Diamond processing facility, each designed with a capacity of 200 MMSCFD.
Saulsbury Industries is a 50-year-old full-service engineering, procurement, construction (EPC) and maintenance contractor specializing in …
Enterprise Products Partners L.P. (NYSE: EPD) and Apache Corporation (NYSE and NASDAQ: APA) executed a long-term agreement, in which Apache is committing 100 percent of its Alpine High natural gas liquids (“NGLs”) to Enterprise.
Apache has 336,000 net acres in …
Oil & Gas 360® takes a look at three companies with operations in the Permian:
Production for the first quarter of 2018 averaged 10,967 …
Apache Corporation (ticker: APA) said that the EVP of corporate reservoir engineering, Kregg Olson, plans to retire on August 1, 2018.
Apache CEO and President John J. Christmann IV said, “Kregg’s expertise and leadership have been a tremendous asset to …
Apache Corporation Announces Appointment of Ben Rodgers as Vice President, Treasury
…Earlier today Apache Corporation (Ticker: APA) announced an oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform.
The Garten discovery well targeted a …
It was in July 2017 that Apache Corp. (ticker: APA) announced it was selling its conventional light oil production to Cardinal Energy Ltd. (ticker: CJ). At that time, Cardinal estimated that the properties would add about 5,000 BOEPD of production, …
Apache Corporation (ticker: APA) has named David Pursell as SVP of planning and energy fundamentals, effective March 12, 2018.
“I am pleased to welcome Dave to Apache’s executive management team. Dave’s skills, expertise and capabilities will further enhance our robust …
Apache Corporation (APA) will finish exiting its Canada operations following the closing of a sale of three sets of assets. The sale was comprised of a slate of properties in Alberta and British Columbia to Paramount Resources (ticker: POU); the …
Apache Corporation (ticker: APA) rejected an unsolicited bid of $18 billion over the weekend, according to a report from Bloomberg. Apache has not commented on the report, but the company is said to …
Apache Corporation (ticker: APA) has closed on the $2.8 billion sale of its stake in two separate LNG projects, the company announced on April 10, 2015. The projects include the Wheatstone LNG in Australia …
West Texas Intermediate has continued to fall from its 2014 peak of $107.73 a barrel in June to $51.68 at 10:38 a.m. London time. That’s below the breakeven price for 37 of 38 U.S. shale …
On Wednesday, December 17, Egypt’s Ministry of Petroleum announced that Egypt’s state oil company (EGPC), Houston based Apache Corp. (ticker: APA) and Shell Egypt (ticker: RDSA) have entered into an agreement for the production of unconventional gas using hydraulic fracturing …
Apache Corporation (ticker: APA) announced on December 15, 2014, that it has agreed to sell its interest in two liquefied natural gas (LNG) projects to Australian E&P Woodside Petroleum Ltd. (ticker: WPL). The deal includes the accompanying upstream oil and …
On November 20, Apache Corp. (ticker: APA) announced its intentions to sell non-core assets in southern Louisiana and certain parts of the Anadarko Basin for approximately $1.4 billion in two separate deals with unnamed buyers.
In southern Louisiana, Apache agreed …
