Welcome to our dedicated page for APA Corporation news (Ticker: APA), a resource for investors and traders seeking the latest updates and insights on APA Corporation stock.
APA Corporation (NASDAQ: APA) is a leading independent energy company engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. Headquartered in Houston, APA operates primarily in the United States, Egypt, the North Sea, and Suriname. As of year-end 2023, APA's proved reserves stood at 807 million barrels of oil equivalent, with a robust net daily production of 405 thousand barrels of oil equivalent, comprised mostly of oil and natural gas liquids.
The company's mission is to generate long-term growth and profitability for its shareholders by building and managing a portfolio that offers sustainable growth opportunities. Recent strategic moves include the acquisition of Callon Petroleum Company, which has significantly bolstered APA's position in the Delaware Basin, increasing its production capacity and enhancing operational efficiencies. APA Corporation now boasts a production tally of approximately 500,000 barrels of oil equivalent per day, with significant contributions from the Permian Basin.
APA’s ongoing commitment to sustainability and environmental stewardship is reflected in initiatives such as the Apache Corporation Tree Grant Program. Since its inception in 2005, the program has donated over 5 million trees, supporting large-scale conservation projects and enhancing public greenspaces.
In addition to its core business, APA has expanded its board with new appointments to further enhance its strategic and operational expertise. The latest additions, Matthew Bob and Anya Weaving, bring valuable insights from their extensive experience in the oil and gas sector.
Financially, APA has shown resilience and strategic acumen through several successful transactions, including the sale of non-core assets. These sales have generated substantial proceeds, aiding in debt reduction and further solidifying the company’s financial standing. Investors can stay updated with APA’s latest financial results, strategic initiatives, and market performance through regular company announcements, press releases, and operational updates available on APA’s official website.
For more information, visit APA Corporation's official website.
APA Corporation (Nasdaq: APA) announced the closure of two significant transactions, generating approximately $1 billion in net proceeds. The first transaction involved the sale of a Delaware Basin mineral package for about $805 million, which includes non-operated properties with a production rate of approximately 7,000 barrels of oil equivalent per day. The second transaction was the sale of 4 million shares of Kinetik common stock for approximately $224 million. The company plans to allocate a portion of these proceeds for debt reduction and future drilling investments.
Apache Corporation has launched cash tender offers to purchase up to $500 million of its outstanding notes, establishing a Maximum Purchase Amount. The offers are set to expire on March 18, 2022, unless extended. The acceptance and purchase of notes will follow specified Acceptance Priority Levels. The principal amounts outstanding for various notes range from $235 million to $702 million, with purchase prices from $1,042.50 to $1,205.00 per $1,000 principal amount. Settlement for accepted notes is expected on March 21, 2022.
Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has expanded its partnership with LongPath Technologies for methane emissions monitoring in the Permian Basin. This initiative focuses on real-time monitoring to mitigate greenhouse gas emissions. The technology, adopted in Fall 2021, has effectively reduced emissions at multiple sites. With this expansion, approximately 60 Apache facilities will benefit from LongPath's innovative monitoring solutions, enhancing efficient emissions management and supporting sustainability goals.
APA Corporation (Nasdaq: APA) has appointed Dave Stover to its board of directors, where he will also serve on the Audit Committee. Stover brings over 40 years of experience in the oil and gas industry, including leadership roles at Noble Energy, where he served as Chairman and CEO until 2020. His extensive background includes key positions at BP and Vastar Resources. The board expressed confidence that Stover's expertise will enhance APA's mission to generate long-term value for shareholders.
APA Corporation (Nasdaq: APA) disclosed its financial results for the fourth quarter and full year 2021. The results detail the company's performance in oil and natural gas exploration and production across various regions, including the United States, Egypt, and the UK. A conference call to discuss these results is scheduled for February 22 at 10 a.m. Central time, accessible via webcast and telephone replay. For further information, stakeholders can visit the company's website, where additional updates and investor-related topics are also posted.
APA Corporation announced a significant oil discovery at the Krabdagu-1 (KBD-1) exploration well in Block 58 offshore Suriname. The well, drilled to approximately 5,273 meters, encountered around 90 meters of net oil pay. APA holds a 50% working interest, alongside TotalEnergies. The discovery validates geological models and supports further exploration efforts in the area, aiming for a future Final Investment Decision (FID). TotalEnergies plans to conduct additional testing during the rig's stay to evaluate the resource potential and productivity of the reservoirs.
APA Corporation (Nasdaq: APA) has announced a cash dividend of 12.5 cents per share, payable on May 23, 2022, to stockholders of record by April 22, 2022. This dividend distribution reflects the company's commitment to returning value to its shareholders while maintaining operational activities in oil and gas exploration across the United States, Egypt, the United Kingdom, and offshore Suriname. The announcement underscores APA's ongoing efforts to support stockholder income and its confidence in future business performance.
APA Corporation (Nasdaq: APA) has appointed Retired Lieutenant General Charles Hooper to its board of directors, effective February 3, 2022. Hooper brings extensive experience from his 41-year military career, including leadership roles in security cooperation and foreign military sales. He will serve on the Corporate Responsibility, Governance, and Nominating Committee, as well as the Management Development and Compensation Committee. APA’s leadership believes Hooper's expertise will enhance the company's ability to address global energy needs responsibly.
APA Corporation will host its fourth-quarter 2021 financial results conference call on February 22, 2022, at 10 a.m. Central time. The earnings release will be available the prior day, February 21. Investors can access the call via the company’s website, with a telephone playback option available for one week post-call. APA operates in oil and gas exploration and production, with presence in the U.S., Egypt, the U.K., and offshore Suriname. For more details, visit www.apacorp.com.
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