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.
Apache Corporation (Nasdaq: APA) has appointed Lamar McKay to its board of directors, enhancing its leadership with over 40 years of experience in the oil and gas industry. McKay served as BP's chief transition officer until December 2020 and held key roles including deputy CEO and head of BP's worldwide upstream business. Chairman John Lowe expressed confidence in McKay's ability to contribute to Apache's mission of meeting global energy needs responsibly.
Apache Corporation (Nasdaq: APA) has announced a cash dividend of 2.5 cents per share on its common stock. This dividend is scheduled for payment on May 21, 2021, to shareholders of record as of April 22, 2021. The company operates in the oil and gas sector, with activities in the United States, Egypt, the United Kingdom, and offshore Suriname.
Apache Corporation announced its fourth-quarter 2020 financial results, providing estimates for analysts. The estimated average realized prices were $41.00 per barrel of oil, $14.50 for NGL, and $1.70 for natural gas in the United States, while international prices were $44.50, $33.50, and $3.20, respectively. The company recorded a realized loss of $16 million on commodity derivatives and unrealized gains of $14 million. Additionally, dry hole costs were projected at $57-60 million. The earnings call is scheduled for February 25, 2021, after the earnings release on February 24.
Apache Corporation and Total S.A. announced a successful oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. The well encountered 58 meters of net oil pay in the Campanian interval and 5 meters in the Santonian interval, with API oil gravities of 27-28 degrees and 35-37 degrees, respectively. This marks Apache's fourth consecutive discovery in the area, indicating strong exploration potential. Following this, Apache will transition operatorship of Block 58 to Total but will continue operating the Keskesi well until drilling is completed.
Apache Corporation announced a transition to a holding company structure, with the new entity named APA Corporation. This change will not affect the existing ticker symbol 'APA' as shares of Apache will convert to APA Corporation on a one-for-one basis. The new holding company will acquire subsidiaries in Suriname and the Dominican Republic, while Apache retains its U.S. assets, as well as interests in Egypt, the U.K., and Altus Midstream Company. This restructuring aims to modernize the company’s legal framework and enhance operational flexibility.
Apache Corporation has declared a regular cash dividend of 2.5 cents per common share, payable on February 22, 2021. The record date for shareholders is January 22, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders during its operations across the United States, Egypt, and the United Kingdom, as well as its exploration activities in Suriname.
Apache Corporation announced its third-quarter 2020 results and provided access on its website. A conference call is scheduled for November 5, 2020, at 10 a.m. Central time to discuss these results, which will also be available for later playback. Apache operates in oil and gas exploration and production across the U.S., Egypt, and the U.K., with exploration activities offshore Suriname. The company emphasizes transparency by posting operational updates and investor information on its website.
Apache Corporation (Nasdaq: APA) provided supplemental information about its third-quarter 2020 results. Key estimates include:
- Average Realized Prices: U.S. Oil at $40.00/bbl, NGL at $13.00/bbl, Natural Gas at $1.40/Mcf.
- International Oil at $42.00/bbl, NGL at $27.00/bbl, Natural Gas at $2.80/Mcf.
- Realized loss on commodity derivatives (before tax): $83 million.
- Unrealized loss on commodity derivatives (before tax): $91 million.
Additionally, dry hole costs are estimated at $5-10 million before tax. The earnings call is scheduled for Nov. 5, 2020.
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