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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:42 EDTAPAApache updates Q4 operations activity and weather impact
Apache reported that downtime caused by severe winter storms and outages at third-party owned infrastructure adversely affected the company's oil and gas Q4 production from its Permian Basin and Central Region operations. Q4 volumes will also reflect recent divestitures by Apache. A production increase of approximately 1,000 boepd or more is expected for the Permian in Q4 compared with Q3, when the region averaged 131,700 boepd. The combination of unusually severe weather, pipeline outages and reduced drilling in the Central Region resulted in a slight decrease in production for Q4 vs. Q3, when the region averaged 94,800 boepd. Apache anticipates asset sale volumes will reflect an approximate 134K boepd reduction in total production volumes from Q3 when adjusting for amounts attributable to the sale of a one-third, non-controlling partnership interest in Apache's Egypt oil and gas operations. The Canadian properties that were sold averaged approximately 18K boepd in Q3.
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September 10, 2014
09:06 EDTAPAEgypt signs two oil exploration deals with Apache, Reuters reports
Egypt's state news agency MENA reported that the country signed two oil exploration deals worth at least $44M with Apache, reported Reuters. Reference Link
September 3, 2014
08:55 EDTAPAApache may put LNG project stakes in spin-out, Reuters reports
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