APA Corporation - APA STOCK NEWS

APA Corporation (Nasdaq: APA) announces the election of H. Lamar McKay as the new chairman of the board, effective September 1, following John E. Lowe's retirement. McKay, 63, joined the board in February 2021 and has a distinguished 40-year career in the oil and gas industry, including leadership roles at BP. His appointment is recognized as a strategic move for the company, emphasizing continuity and experience in leadership. Lowe, who served as chairman since 2015, was acknowledged for his significant contributions to APA during challenging times.

APA Corporation (Nasdaq: APA) announced flow test results from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname. The tests showed oil-in-place resources of approximately 100 million barrels in the Upper Campanian zone and 80 million barrels in the Lower Campanian zone. The Upper Campanian had 32 meters of net oil pay with high-quality reservoir characteristics, while the Lower Campanian showed modest reservoir quality. Further appraisal drilling will be needed to confirm additional resources. The joint venture is also drilling the Dikkop exploration well in Block 58.

Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has opened its Tree Grant Program for the 2022-2023 season. Since 2005, the program has donated over 4.8 million trees to more than 900 organizations. The initiative aims to enhance green spaces and conserve habitats, and it's available to U.S. nonprofits and agencies in Texas, New Mexico, Louisiana, and Wyoming. Last season, over 55,000 trees were awarded to 66 nonprofits. Applications are due by August 14, 2022.

APA Corporation (Nasdaq: APA) announced results from its drilling operations on Suriname Block 53. The operator, APA Suriname, holds a 45% interest in the block. The Rasper well, completed in the Campanian and Santonian intervals, encountered water-bearing reservoirs, and further evaluation is ongoing. The Noble Gerry de Souza drillship will proceed to the Baja prospect, targeting Maastrichtian and Campanian formations, located near the recently discovered Block 58. The company explores for oil and gas in multiple regions, including the U.S. and Suriname.

APA Corporation (Nasdaq: APA) has announced a regular cash dividend of 12.5 cents per share on its common stock. The dividend is payable on August 22, 2022, to stockholders of record as of July 22, 2022. This initiative reflects the company's commitment to returning value to its shareholders and underscores its operational stability in the energy sector, where APA engages in oil and natural gas exploration and production in the U.S., Egypt, the U.K., and offshore Suriname.

APA Corporation (Nasdaq: APA) reported its first-quarter 2022 results on May 4, 2022. Detailed financial performance can be accessed on the company's website. A conference call will be held on May 5 at 10 a.m. Central time to discuss these results, with a replay available for one week. APA Corporation engages in the exploration and production of oil and natural gas across multiple regions, including the U.S., Egypt, the U.K., and offshore Suriname. Further updates and investor information are also available online.

Apache Corporation, a subsidiary of APA Corporation (NASDAQ: APA), has chosen OneStream Software to enhance its financial operations through a unified corporate performance management platform. This partnership aims to streamline financial close, consolidation, cash flow, and reporting processes. Marcy Green, Director of Financial Reporting, emphasized OneStream's capability to modernize Apache's complex financial tasks, promising better decision-making and transparency across operations.

APA Corporation (Nasdaq: APA) released supplemental information regarding its first-quarter 2022 financial results, providing crucial estimates for analysts. The company reported estimated average realized prices of $96.00 per barrel for oil in the U.S. and $103.00 internationally. Production guidance was adjusted to 111 Mboe/d due to higher oil prices and maintenance downtime, while U.S. production is expected to be 211 Mboe/d. Notably, the company repurchased 7.2 million shares at an average price of $36.07, reducing average shares outstanding to 346 million. A conference call is scheduled for May 5, 2022.

Apache Corporation has modified its cash tender offers, increasing the maximum purchase amount from $500 million to $1.1 billion. The offers, which expired on March 18, 2022, allow for the purchase of outstanding notes. A total of $1,083.37 million in principal amount of notes were tendered and accepted, amounting to a purchase price of approximately $1.137 billion. Settlement for the accepted notes is anticipated on March 21, 2022, with additional settlements for guaranteed delivery on March 23, 2022.