Welcome to our dedicated page for APA (US) news (Ticker: APA), a resource for investors and traders seeking the latest updates and insights on APA (US) stock.
APA Corporation (NASDAQ: APA) is an upstream oil and natural gas company whose news flow reflects its role in the crude petroleum and natural gas extraction industry. The company regularly issues press releases and SEC filings that cover exploration and production activities, regional developments and financial performance across its portfolio.
According to APA, its subsidiaries explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom, and explore for oil and natural gas offshore Suriname and elsewhere. News about APA often highlights operational updates in these regions, including realized prices by area, production curtailments in response to regional price conditions and payments related to its longstanding partnership with the Egyptian General Petroleum Corporation.
Investors following APA news can expect updates on quarterly financial and operating results, supplemental information on realized prices and regional metrics, and announcements of regular cash dividends on common shares. The company also reports on governance developments, such as the appointment of a new vice president, Chief Accounting Officer and Controller, along with details of that role’s responsibilities and compensation structure as disclosed in Form 8-K filings.
APA’s subsidiary Apache Corporation contributes additional news related to environmental and community initiatives, including the Apache Tree Grant Program, which donates trees to nonprofit organizations and government agencies in the company’s operational areas. These stories provide context on how APA associates its upstream business with environmental stewardship and community engagement.
This news page aggregates APA-related press releases, regulatory disclosures and other coverage so readers can review the company’s latest announcements on operations, regional developments, dividends, governance changes and community programs in one place.
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.
Apache Corporation (Nasdaq: APA) has amended its cash tender offers to purchase various series of Notes, increasing the maximum purchase price from $460 million to $638.2 million. The company will accept all Notes tendered by the August 14, 2020, deadline. The Offers include a total of $1.25 billion in new debt financing, facilitating the transaction. The early settlement date for accepted Notes is expected on August 18, 2020. The Offers will expire on August 28, 2020, and the company will not accept further tenders beyond the early deadline due to the maximum purchase price already being reached.
Apache Corporation (NASDAQ: APA) has priced $1.25 billion in notes, comprising $500 million in 4.625% notes due 2025 and $750 million in 4.875% notes due 2027. The offering aims to use proceeds for cash tender offers on senior indebtedness, repaying borrowings under its revolving credit, and for general purposes. Expected net proceeds, after discounts, are approximately $1.237 billion. The offering is set to close on August 17, 2020, pending customary conditions.
Apache Corporation (NASDAQ: APA) has initiated tender offers to buy up to $460 million of its outstanding notes. The offer is structured across seven series of notes, with varying principal amounts and acceptance priority levels. A key condition for these purchases requires Apache to secure at least $1 billion in new debt financing. The offers are set to expire on August 28, 2020, with an early tender deadline on August 14, 2020, providing an early tender premium for participants. This initiative reflects Apache's strategic approach to managing its debt portfolio.
Apache Corporation (Nasdaq: APA) announced its second-quarter 2020 results, accessible on its website. A conference call to discuss the results is scheduled for July 30 at 10 a.m. Central time, available via webcast and replay. Apache is engaged in oil and gas exploration and production across the U.S., Egypt, and the U.K., with offshore exploration in Suriname. The company provides updates and press releases on its website.
Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) announced a significant oil discovery at the Kwaskwasi-1 well offshore Suriname in Block 58. The well encountered 278 meters (912 feet) of net oil and volatile oil/gas condensate pay. With the well drilled to approximately 6,645 meters (21,800 feet), the preliminary results indicate high-quality reservoirs, enhancing the prospect of accelerated production. Following Kwaskwasi-1, the Keskesi East-1 well will be drilled, potentially unlocking further resources within the 1.4 million acres of Block 58.
Apache Corporation (Nasdaq: APA) has launched the application season for its 2020-2021 Tree Grant Program, now in its 15th year. Since 2005, the program has supplied over 4.7 million trees across 17 states. In the previous year, it donated more than 61,000 trees to 54 nonprofits, including local parks departments. The initiative aims to enrich the environment by promoting tree planting and requires nonprofit participants to plant or distribute at least 50 trees by May 15, 2021. For further details and applications, visit apachelovestrees.com by August 21, 2020.
Apache Corporation (NYSE: APA) has decided to list its common stock solely on the Nasdaq Stock Market starting June 9, 2020, ceasing its listings on the New York Stock Exchange and the Chicago Stock Exchange after June 8, 2020. This strategic move aims to simplify processes and enhance efficiency. CEO John J. Christmann IV highlighted that this transition will benefit shareholders through improved trading operations. Additionally, the company will delist its 7.75% notes due 2029 from the NYSE on the same date, resulting in no national listing for these notes.
The board of directors of Apache Corporation has announced a regular cash dividend of 2.5 cents per share on its common shares. This dividend is payable on August 21, 2020, to shareholders holding stock as of July 22, 2020. Apache operates in oil and gas exploration and production, with activities in the United States, Egypt, the United Kingdom, and offshore Suriname, showcasing its extensive operational footprint.
Apache Corporation announced its first-quarter 2020 results, available on its website and via a conference call scheduled for May 7 at 10 a.m. Central Time. The company operates in the U.S., Egypt, and the UK, with exploration in Suriname. Further insights into the financial performance and operational updates will be shared during the call. Investors can access the results online or through the designated replay telephone numbers.