APA Corporation - APA STOCK NEWS

APA Corporation (Nasdaq: APA) announced successful appraisal drilling offshore Suriname in Block 58, highlighting the Sapakara South-1 well, which discovered approximately 30 meters of net black oil pay in a high-quality Campano-Maastrichtian reservoir. This significant result propels the company towards commercial oil development in the area. The Maersk Valiant will proceed to the Bonboni exploration prospect before returning for a flow test of Sapakara South-1. APA holds a 50% working interest in Block 58, partnered with TotalEnergies.

APA Corporation (Nasdaq: APA) released financial and operational updates for Q2 2021, highlighting various performance metrics. Estimated average realized prices for oil, NGL, and natural gas were $65.00, $22.75, and $2.70 per barrel in the U.S., and $67.00, $38.50, and $3.50 internationally. The company adjusted its production guidance, increasing total adjusted production to 342 Mboe/d, primarily due to well performance in the Midland Basin. However, international production guidance decreased to 101 Mboe/d, impacted by production sharing contracts and maintenance delays.

Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has launched its 2021-2022 Tree Grant Program, inviting non-profits and government agencies in Texas, New Mexico, Louisiana, and Wyoming to apply for tree donations. Last year, the program provided over 64,000 trees to 56 organizations. Since its inception in 2005, it has donated more than 4.8 million trees. Applications are open until August 16, 2021, with grant recipients expected to demonstrate care for the trees. This initiative aligns with Apache's commitment to environmental conservation.

APA Corporation's board has declared a cash dividend of 2.5 cents per share on common shares, payable on August 23, 2021. This dividend will benefit stockholders of record by July 22, 2021. APA Corporation, with operations in the U.S., Egypt, and the U.K., is involved in oil and gas exploration and production, including offshore Suriname.

APA Corporation (Nasdaq: APA) announced its first-quarter 2021 results, which can be accessed via their website. A conference call is scheduled for May 6 at 10 a.m. Central time to discuss these results. This event will be available for later playback. APA Corporation operates in oil and gas exploration and production in the U.S., Egypt, the UK, and offshore Suriname, providing updates and information for investors through their online platforms.

APA Corporation (Nasdaq: APA) announced an agreement with Egypt’s Ministry of Petroleum and Mineral Resources and Egyptian General Petroleum Corporation to modernize Egypt’s petroleum sector. The new Production Sharing Contract (PSC) consolidates major concessions in Egypt’s Western Desert, accounting for over 90% of the company's production in the region. This agreement aims to enhance investment, operational governance, and sustainability projects while facilitating cost recovery and increasing drilling activities. The PSC requires approvals from the Egyptian government and Parliament.

APA Corporation (Nasdaq: APA) provided supplemental financial results for Q1 2021, including average realized prices: U.S. oil at $57.00/bbl and international oil at $61.00/bbl. The company reported a realized gain of $148 million on commodity derivatives and a total adjusted production guidance of 324 Mboe/d, with U.S. production up to 208 Mboe/d. However, international production dropped to 116 Mboe/d due to contract effects and maintenance downtime. APA will host a Q1 earnings call on May 6, 2021, to discuss these results further.

APA Corporation (Nasdaq: APA) has appointed Tracey K. Henderson as the new Senior Vice President of Exploration. Henderson comes from Kosmos Energy, where she was the Chief Exploration Officer and played a significant role in major discoveries, including the Jubilee Field in Ghana and several natural gas projects offshore Mauritania and Senegal. CEO John J. Christmann IV expressed enthusiasm about Henderson's global experience and technical expertise, highlighting her potential impact on recent discoveries offshore Suriname. This appointment follows a previously announced search for the exploration head.

APA Corporation and Total S.A. announced updates on the Keskesi East-1 discovery well offshore Suriname. The well encountered significant pressure increases, prompting a halt in drilling before reaching deeper targets. While hydrocarbons were found in shallower intervals, specific information about deeper targets remains unclear. APA transferred operatorship of Block 58 to Total, holding a 50% interest. This operational update impacts future drilling strategies but does not provide immediate production details.