$APA (Apache Corp.)

$APA {{ '2016-08-04T18:41:24+0000' | timeago}} • Webcast

$APA said it ended 2Q16 with $1.2Bil in cash on hand, which is an increase of approx. $200MM from the end of 1Q16. The company is rebuilding its cash position back towards the $1.5Bil that it had at the start of the year. This is consistent with the company's goal to end 2016 with the same or lower net debt than it began the year with.

$APA {{ '2017-07-07T11:02:11+0000' | timeago}} • Announcement

$APA said it would complete an exit from Canada upon the closing of three recent transactions. Upon completion of its exit, $APA will realize a significant reduction in asset retirement obligations and annual overhead costs. Total company revenues per BOE, cash margins per BOE, and EPS will also improve with the completion of these transactions.

$APA {{ '2017-07-07T10:55:58+0000' | timeago}} • Announcement

$APA said it would complete an exit from Canada upon the closing of three recent transactions. Aggregate proceeds from the three transactions are approx. US$713MM (C$ 927MM). $APA plans to use these proceeds to fund a portion of its 2017-2018 capital program, to reduce debt, or to improve overall liquidity.

$APA {{ '2017-05-04T19:37:17+0000' | timeago}} • Webcast

In terms of International performance, $APA drilled a couple of non-commercial wells and had couple of underperformed wells in North Sea during 1Q17. The company said it is excited about the Callater project that is coming on line at start of 3Q17. In Egypt, the company got 13 wells on line and more wells to come on line in 2Q17.

$APA {{ '2017-05-04T12:49:21+0000' | timeago}} • Announcement

During 1Q17, $APA operated an average of 30 rigs and drilled and completed 46 gross-operated wells worldwide.

$APA {{ '2017-05-04T12:47:31+0000' | timeago}} • Announcement

For FY17, $APA lowered its LOE guidance range to $8.25 to $8.75 per Boe and upgraded its North American production guidance to 256,000 to 264,000 Boe per day. Capex is expected to be approx $3.1Bil.

$APA {{ '2017-05-04T12:43:50+0000' | timeago}} • Announcement

Energy corporation $APA posted 78% surge in its revenue in 1Q17 to $1.87Bil, riding on improved oil revenues. This helped it swing to a profit of $213MM or $0.56 per share, from a loss of $372MM, or $0.98 per share in the year-ago period. Adjusted for special items, $APA earned $31MM, or $0.08 per share.

$APA {{ '2017-04-25T15:37:46+0000' | timeago}} • Announcement

$APA announced two executive appointments. Brian Freed has been named its SVP, Midstream and Marketing; and Robert Bourne has been named VP, Business Development - Midstream and Marketing.

$APA {{ '2017-02-23T20:25:50+0000' | timeago}} • Webcast

$APA expects the overall North American production to continue to decline into 2Q17 before shifting to a strong growth trend. During 2017, the company expects to average 15 rigs in the Permian Basin and drill approx. 250 wells.

$APA {{ '2017-02-23T20:10:36+0000' | timeago}} • Webcast

$APA said that if commodity prices further improve during 2017, incremental capital will be allocated primarily to the Midland and Delaware basins. For 2Q17, the company expects total production to decline to 372,000-384,000 BoE per day.

$APA {{ '2017-02-23T13:23:49+0000' | timeago}} • Announcement

During 4Q16, $APA operated an average of 18 rigs and drilled and completed 29 gross-operated wells worldwide. At year-end 2016, worldwide estimated proved reserves totaled 1.3Bil barrels of oil equivalent (Boe), down from 1.6Bil Boe at year-end 2015.

$APA {{ '2017-02-23T13:20:31+0000' | timeago}} • Announcement

$APA's budgeted oil and gas capital investment for 2017 is $3.1Bil. The company said approx. 65% of the investment will be directed to growth opportunities in the Permian Basin, of which $500MM will be for infrastructure at Alpine High. The company also provided a preliminary view into 2018 capital, with an expected budget for the year of $3.2Bil.

$APA {{ '2017-02-23T13:16:18+0000' | timeago}} • Announcement

$APA narrowed its loss in 4Q16, helped by the 77% YoY decline in cost and expenses. The company posted net loss attributable to common stock of $182MM or $0.48 per diluted share, compared with a net loss of $4Bil or $10.62 per share in 4Q15. Excluding items, $APA posted loss of $0.06 per share. Revenue was $1.45Bil, down from $1.48Bil a year ago.

$APA {{ '2016-12-14T22:28:01+0000' | timeago}} • Announcement

$APA BoD declared a regular cash dividend on the company's common shares of $0.25 per share, payable on Feb. 22, 2017, to stockholders of record on Jan. 22, 2017.

$APA {{ '2016-11-03T19:11:57+0000' | timeago}} • Webcast

$APA plans to increase development drilling in the Midland Basin by adding 3 rigs in 4Q16. The company expects FY16 to end at the high end of North American Onshore production guidance and at the midpoint for International and Offshore production guidance.

$APA {{ '2016-11-03T19:11:45+0000' | timeago}} • Webcast

$APA placed 35 gross-operated wells on production in 3Q16, predominantly in the Permian Basin. The company placed 5 gross-operated wells on production in the Delaware Basin at Alpine High.

$APA {{ '2016-11-03T13:24:57+0000' | timeago}} • Announcement

In 4Q16, $APA plans to increase development drilling activity in the Midland Basin with the addition of three rigs. This will bring the total number of rigs drilling in the Midland Basin to five and will help contribute to the Permian Region's return to a growth trajectory in 2H17.

$APA {{ '2016-11-03T13:22:54+0000' | timeago}} • Announcement

$APA's 2016 capital expenditures are tracking in line with its guidance of $2Bil. $APA expects to end 2016 at high end of North American Onshore production guidance of 268,000-278,000 barrels of oil equivalent (Boe) per day and at midpoint of International and Offshore production estimate of 170,000-180,000 Boe per day.

$APA {{ '2016-11-03T13:18:42+0000' | timeago}} • Announcement

In 3Q16, $APA reported global production of 520,000 barrels of oil equivalent (Boe) per day and adjusted production of 438,000 Boe per day, which excludes Egypt noncontrolling interest and tax barrels. In North America Onshore, production was 270,000 Boe per day while adjusted International and Offshore production was 168,000 Boe per day.

$APA {{ '2016-11-03T13:15:01+0000' | timeago}} • Announcement

Oil and natural gas producer $APA reported a narrower 3Q16 loss driven by lower costs and expenses despite a decline in revenue. Net loss narrowed to $607MM or $1.60 per share from $4.14Bil or $10.95 per share last year. Revenue fell to $1.44Bil from $1.53Bil. Adjusted loss per share narrowed to $0.03 from $0.09.

$APA {{ '2016-09-16T11:40:44+0000' | timeago}} • Announcement

$APA declared a regular cash dividend of $0.25 per share on the company's common shares, payable on Nov. 22, 2016, to stockholders of record on Oct. 21, 2016.

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