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APA Corp (NASDAQ: APA) is an independent energy company focused on oil and natural gas exploration across strategic global regions including the United States, Egypt, and offshore Suriname. This page provides investors and industry observers with comprehensive access to APA's official announcements and market-moving developments.
Key features: Track APA's operational updates, financial results, and strategic initiatives through verified press releases and curated news analysis. Our aggregation ensures timely access to earnings reports, partnership announcements, and technology implementations like subsea drilling systems and FPSO deployments.
Content includes: Quarterly earnings disclosures, asset acquisition updates, leadership changes, sustainability initiatives, and production capacity developments. All materials are sourced from official channels to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined monitoring of APA's activities in conventional and emerging energy markets. Check regularly for updates on exploration progress, international projects, and operational efficiency advancements critical to understanding the company's market position.
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.
Apache Corporation (Nasdaq: APA) has declared a regular cash dividend of 2.5 cents per share on its common stock, payable on November 23, 2020. Stockholders of record as of October 22, 2020 will receive this dividend. This announcement signifies Apache's commitment to returning value to its shareholders despite current market conditions. The company operates in oil and gas exploration and production across the United States, Egypt, and the UK, with additional offshore exploration activities in Suriname.
Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) have updated their findings from the Kwaskwasi-1 discovery well offshore Suriname, which revealed hydrocarbons in multiple stacked targets. The well encountered 278 meters of net oil and gas pay, with the Campanian interval containing 63 meters of net oil pay. The Santonian interval showed 129 meters of net pay. The Noble Sam Croft drillship is now drilling the Keskesi East-1 exploration well, which is located 14 kilometers southeast of the Sapakara West-1 well. Apache holds a 50% working interest in Block 58.
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