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 reports developments from an independent oil and gas exploration and production business with consolidated subsidiaries operating in the United States, Egypt and the United Kingdom, and exploration activity offshore Suriname and elsewhere. Company news commonly covers financial and operating results, production trends, realized prices for oil, natural gas liquids and natural gas, capital spending, cost initiatives and commodity-price effects on U.S. natural gas and NGL activity.
Recurring updates also include common-stock dividends, debt and shareholder-return commentary, conference-call materials, supplemental operating data and listing matters. The company’s disclosures link operating performance to its upstream asset base, including U.S. oil activity, international production and offshore exploration programs.
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.
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