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Apache Corp (APA.N)

APA.N on New York Stock Exchange

45.96USD
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Apache Announces Pricing Of Upsized Cash Tender Offers
Thursday, 23 Aug 2018 

Apache Corp ::APACHE ANNOUNCES PRICING OF UPSIZED CASH TENDER OFFERS.APACHE CORP - EACH OFFER WILL EXPIRE ON SEPT 6, 2018.  Full Article

Apache Corp, Kayne Anderson Acquisition Announce Agreement To Create Altus Midstream Company
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Apache Corp ::APACHE CORPORATION AND KAYNE ANDERSON ACQUISITION CORP. ANNOUNCE AGREEMENT TO CREATE ALTUS MIDSTREAM COMPANY, A $3.5 BILLION PURE-PLAY, PERMIAN BASIN MIDSTREAM C-CORP; COMPANIES TO CO-HOST CONFERENCE CALL TO DISCUSS TRANSACTION AT 4 PM CENTRAL TIME AUG. 8.APACHE CORP - ALTUS MIDSTREAM WILL BE A PUBLICLY TRADED, PURE-PLAY, PERMIAN BASIN MIDSTREAM C-CORP.APACHE CORP - WILL OWN ABOUT 71 PERCENT OF ALTUS MIDSTREAM WITH ABILITY TO INCREASE TO ABOUT 74 PERCENT SUBJECT TO PERFORMANCE EARN OUTS.APACHE CORP - UPON EXPECTED CLOSING OF TRANSACTION KAYNE ANDERSON ACQUISITION WILL CHANGE ITS NAME TO ALTUS MIDSTREAM COMPANY.APACHE CORP - NEW COMPANY WILL HAVE NO DEBT AT CLOSING AND CASH ON-HAND WILL BE USED TO FUND ONGOING MIDSTREAM INVESTMENTS.APACHE CORP - ALTUS MIDSTREAM EXPECTS TO HAVE MORE THAN $900 MILLION OF CASH AND NO DEBT AT CLOSING AND IS PROJECTED TO BE FREE-CASH-FLOW POSITIVE BY 2021.APACHE CORP - APACHE WILL RECEIVE 251.9 MILLION SHARES AND OWN 71.1 PERCENT OF ALTUS MIDSTREAM.APACHE - KAAC ENTERED AGREEMENTS TO SELL ABOUT 57.2 MILLION SHARES OF ITS CLASS A COMMON STOCK AT $10/SHARE IN A PRIVATE PLACEMENT.APACHE CORP - ALTUS MIDSTREAM WILL BE STRUCTURED AS A C-CORP WITH NO INCENTIVE DISTRIBUTION RIGHTS.  Full Article

Apache Announces Q2 EPS of $0.51
Thursday, 2 Aug 2018 

Aug 1 (Reuters) - Apache Corp ::ANNOUNCES SECOND-QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.SAYS RAISING 2018 U.S. PRODUCTION GUIDANCE TO 260,000 BOE PER DAY, FROM PREVIOUS GUIDANCE OF 250,000 TO 258,000 BOE PER DAY.QTRLY EARNINGS PER SHARE $0.51.Q2 PRODUCTION OF 464,000 BOE PER DAY AND ADJUSTED PRODUCTION OF 390,000 BOE PER DAY, WHICH EXCLUDES EGYPT NONCONTROLLING INTEREST AND TAX BARRELS.DELIVERED U.S. PRODUCTION OF 255,000 BOE PER DAY, EXCEEDING GUIDANCE BY 7,000 BOE PER DAY IN Q2.AT ALPINE HIGH, FULL-YEAR 2018 GUIDANCE IS NOW 45,000 BOE PER DAY, OR THE MIDPOINT OF THE PREVIOUS GUIDANCE RANGE.QTRLY REVENUES $1,936 MILLION VERSUS $1,346 MILLION YEAR AGO.ADJUSTED INTERNATIONAL PRODUCTION GUIDANCE FOR 2018 IS EXPECTED TO BE APPROXIMATELY 134,000 BOE PER DAY.Q2 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $1.77 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Kinder Morgan, Eagleclaw Midstream And Apache Announce Joint Development Of The Permian Highway Pipeline Project
Monday, 25 Jun 2018 

June 25 (Reuters) - Apache Corp ::KINDER MORGAN, EAGLECLAW MIDSTREAM AND APACHE ANNOUNCE JOINT DEVELOPMENT OF THE PERMIAN HIGHWAY PIPELINE PROJECT.KINDER MORGAN TEXAS PIPELINE LLC - PHP PROJECT VALUED AT APPROXIMATELY $2 BILLION.KINDER MORGAN TEXAS PIPELINE LLC- PHP PROJECT EXPECTED TO BE IN SERVICE IN LATE 2020.KINDER MORGAN TEXAS PIPELINE LLC - PHP PROJECT EXPECTED TO BE IN SERVICE IN LATE 2020.KINDER MORGAN TEXAS PIPELINE LLC- KMTP WILL BUILD AND OPERATE THE PIPELINE.KINDER MORGAN TEXAS PIPELINE - KMTP AND EAGLECLAW WILL BE INITIAL PARTNERS (50 PERCENT OWNERSHIP EACH).KINDER MORGAN TEXAS PIPELINE LLC - APACHE PLANNING TO COMMIT UP TO 500,000 DEKATHERMS PER DAY IN THE PROJECT.KINDER MORGAN TEXAS PIPELINE LLC - APACHE WILL HAVE OPTION TO ACQUIRE UP TO 33 PERCENT EQUITY IN PROJECT FROM INITIAL PARTNERS.  Full Article

Apache Midstream And Arm Energy Announce Development Of Salt Creek Midstream’S SCM Alpine
Monday, 14 May 2018 

May 14 (Reuters) - Apache Midstream::APACHE MIDSTREAM AND ARM ENERGY HOLDINGS ANNOUNCE DEVELOPMENT OF SALT CREEK MIDSTREAM’S SCM ALPINE, LLC.APACHE MIDSTREAM - SIGNS OPTION FOR 50% STAKE IN 445,000 BBL/D NGL HEADER SYSTEM.APACHE MIDSTREAM - CONSTRUCTION HAS COMMENCED, AND PROJECT IS EXPECTED TO BE OPERATIONAL IN Q1 2019.  Full Article

Apache Says In U.S. Q4 Production Expected At High End Of Guidance Range Of 218,000 To 224,000 Per Day BOE
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Apache Corp ::APACHE CORP - IN UNITED STATES, FOURTH-QUARTER PRODUCTION IS EXPECTED TO BE AT HIGH END OF COMPANY'S GUIDANCE RANGE OF 218,000 TO 224,000 PER DAY BOE.APACHE CORP - EXPECTS FOURTH-QUARTER ADJUSTED INTERNATIONAL PRODUCTION IN RANGE OF 138,000 TO 140,000 BARRELS OF OIL EQUIVALENT PER DAY.APACHE UPDATES FOURTH-QUARTER 2017 GUIDANCE; PLANS TO RELEASE FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS FEB. 22.APACHE CORP - Q4 ADJUSTED SALES VOLUMES WERE ALSO LOWER IN EGYPT.APACHE CORP - EXPECTS BASE-LEVEL PRODUCTION VOLUMES TO BE LOWER THAN PLANNED GOING INTO 2018.APACHE - ‍INTERNATIONALLY, REVISED Q4 PRODUCTION OUTLOOK TO REFLECT IMPACT OF UNSCHEDULED DOWNTIME AT THIRD-PARTY OPERATED FORTIES PIPELINE SYSTEM​.APACHE CORP - ‍EXPECTS FOURTH-QUARTER ADJUSTED INTERNATIONAL PRODUCTION IN RANGE OF 138,000 TO 140,000 BARRELS OF OIL EQUIVALENT (BOE) PER DAY​.APACHE - ‍INTERNATIONALLY, REVISED Q4 PRODUCTION OUTLOOK TO ALSO REFLECT UNDERPERFORMANCE OF RECENT WELLS IN BERYL AREA OF NORTH SEA​.APACHE - "ROBUST" BRENT CRUDE PRICES ENABLED INTERNATIONAL OPERATIONS TO GENERATE "STRONG" FREE CASH FLOW DURING Q4 DESPITE REDUCTION IN PRODUCTION VOLUMES.  Full Article

Apache Corp qtrly adjusted earnings per share $0.04
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Apache Corp ::Apache corp qtrly earnings per share $0.16.Apache corp qtrly adjusted earnings per share $0.04.Qtrly oil and gas production revenues $1,389‍​ million versus $1,439 million.Qtrly total production was 448,235‍​ boe per day versus 520,115 boe per day.Qtrly total average oil price $49.34 per barrel versus $44.35 per barrel.Capital guidance for 2017 of $3.1 billion remains on track with for the full year‍​.Qtrly total average natural gas price $2.75 per mcf versus $2.59 per mcf."on track to achieve fourth-quarter production targets and end the year with less debt and considerably more cash than the start of 2017"‍​.During q3, averaged 36 operated rigs worldwide, with 17 in Permian, 4 in other North America areas, 12 in Egypt, 3 in North Sea‍​.With recent Canadian divestment, "our portfolio is now increasingly weighted to our permian assets including alpine high".“Across the Permian basin, we are benefiting from the testing and optimization initiatives we put in place during 2016".Third-quarter production in the Permian basin averaged 161,000 boe per day, an 11 percent increase quarter over quarter.Q3 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S.  Full Article

Apache completes strategic exit from Canada
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Apache Corp ::Apache completes strategic exit from Canada.  Full Article

Apache says Permian output should continue to grow 'quarter after quarter'
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Apache Corp :Chief Executive Officer John Christmann says 2017 capital budget and dividends are fully funded.CEO says will end 2017 with more cash and less debt than when year began.CEO says will end year with 'significantly higher production levels' from the Permian.Apache Corp CEO says production bottomed out in 2nd quarter and should increase rest of year.Apache Corp CEO says average well cost at or below budgeted levels.Apache Corp CEO says expects 2018 capital budget of $3.1 billion.Apache Corp says does not expect rising service costs to affect budget for rest of year.Apache Corp says sourcing more frack sand from local mines in Permian.Apache Corp says Permian oil output should continue to grow 'quarter after quarter'.  Full Article

Apache declares cash dividend on common shares
Monday, 13 Feb 2017 

Apache Corp :Apache Corp - Dividend on common shares is payable May 22, 2017, to stockholders of record on April 21, 2017, at a rate of 25 cents per share.  Full Article

UPDATE 2-Australia's Santos expands with $2.15 bln Quadrant buy after spurning takeover

* Owners say right time to sell to drive future development (Recasts with Santos CEO, analyst, Macquarie investor comments)