|
|
News Breaks | | | | February 14, 2013 | | 14:47 EDT |  | APA | Apache sees FY13 CapEx $10.5B, total production growth of 3%-5%
Says approximately $4B of capital will be invested in onshore U.S. where production should grow in excess of 20%, driven primarily by the company's Permian and central region drilling programs. Projects North American oil production to grow by 14% in 2013, up from 12% in 2012. Additionally, the 2013 plan calls for $2.2B of investments in 10 year-long infrastructure projects, which represents nearly 21% of the total 2013 capital budget. As a result of this capital allocation choice and taking into consideration production declines in certain regions, Apache (APA) expects total production to grow by 3%-5% in 2013. Management says it has a robust project pipeline in motion that will provide a stable base of free cash flow for decades and include broad exposure to quality resource and exploration opportunities around the world. The company plans to drill more wells in 2013 than 2012, with an estimated total of nearly 1,600. Almost two-thirds of all planned wells will be drilled in the Permian and Anadarko basins of the U.S. and are expected to generate fully loaded after-tax rates of return in excess of 20% at planned commodity prices. For 2013, Apache plans to continue to accelerate activity as it ramps up drilling across extensive acreage position in the Anadarko and Whitenburg basins. Management noted it expects Q1 production to be down sequentially due to weather related events in Australia, however that downtime has been incorporated into FY13 production guidance. Comments taken from the company's Q4 earnings conference call. | |
|
News For APA From The Last 14 Days Check below for free stories on APA the last two weeks. |
|
|
| May 22, 2013 | | 07:30 EDT |  | APA | UBS to host a conference
 Subscribe for More Information | | | May 20, 2013 | | 07:41 EDT | | APA | Mitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23. | | | May 19, 2013 | | 13:00 EDT |  | APA | Energy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link | | | May 15, 2013 | | 17:18 EDT | | APA | BP Capital gives quarterly update on stakes
Subscribe for More Information | | | May 9, 2013 | | 08:15 EDT | | APA | Apache says on track for 2013 production growth guidance of 3%-5%
Apache said it had previously incorporated production deferrals and declines into its production guidance, and remains on track to achieve its full-year guidance of 3%-5% production growth. The production guidance has not been adjusted for any variances associated with future divestitures, it added. | | | 08:13 EDT | | APA | Apache says pursuing other monetizations including joint ventures
Subscribe for More Information | | | 08:11 EDT | | APA | Apache says divestures to help fund 30M share buyback plan
| | | 08:10 EDT | | APA | Apache announces plan to divest 4B in assets by end of 2013
Subscribe for More Information | | | 08:09 EDT |  | APA | Apache reports Q4 adjusted EPS $2.02, consensus $2.21
Subscribe for More Information | |
|
|
|
|
|
|
