Apache Corp. Company News

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Apache to Restructure Company
The board of directors of Apache Corp. has authorized the company to create a holding company structure.
7:00 PM EST | January 05, 2021
Natural Gas Helps to Shrink Energy Poverty Gap
A recent industry report finds that natural gas can help to mitigate energy poverty in the United States.
7:00 PM EST | November 26, 2020
Apache Contract Extension Could Be Worth $100MM
Apache Corp. has awarded Archer a four-year contract extension for platform drilling and maintenance services.
8:00 PM EST | September 23, 2020
Apache and Total Evaluate Suriname Discovery
Apache Corp. and Total S.A. have updated the technical evaluation of their Kwaskwasi-1 discovery well in Block 58 offshore Suriname.
8:00 PM EST | September 14, 2020
Apache and Total Strike Oil Offshore Suriname
Apache Corp. and Total S.A. Wednesday afternoon reported a major oil discovery in Block 58 offshore Suriname.
8:00 PM EST | July 29, 2020
Apache South America Campaign Concludes
Oceaneering International reported that it has successfully completed an integrated rig services campaign for Apache offshore South America.
8:00 PM EST | May 05, 2020
Apache, FTS International Add to Oilpatch Layoffs
The wave of rapid cost-cutting and right-sizing in the oilpatch continues.
8:00 PM EST | March 23, 2020
Apache Ditches Alpine High After $3B Writedown
The company posted a roughly $3B writedown on its Alpine High project, a find from 2016 that fizzled when it turned out to hold more gas than oil.
7:00 PM EST | February 26, 2020
Apache to Close San Antonio Office, Cut Hundreds of Jobs
Apache Corp. is shuttering its San Antonio office, resulting in the layoffs of hundreds of employees.
7:00 PM EST | January 08, 2020
Apache and Total Hit Oil Pay Offshore Suriname
Apache and Total on Tuesday reported a significant oil discovery on Block 58 offshore Suriname - and adjacent to Guyana's Stabroek Block.
7:00 PM EST | January 06, 2020
Is the US Shale Boom Really About to End?
While there is distress for some companies, the situation offers an opportunity for others.
7:00 PM EST | December 25, 2019
Apache Tumbles on 'Incredibly Thin' Suriname Well Results
Apache Corp. plunges after the company's update on a closely watched exploratory oil well off the coast of Suriname offered little indication as to whether it will be commercially viable.
7:00 PM EST | December 01, 2019
Shale Oil Pioneers Say the Boom is Ending
Two shale pioneers think the days of relentless production growth from US unconventional oil fields are ending.
7:00 PM EST | November 05, 2019
Apache Commissioning Contract Goes to Wood
Apache Corp. has awarded Wood a commissioning services contract for multiple U.K. North Sea platforms.
8:00 PM EST | October 24, 2019
Apache Cuts 2019 Upstream Capital Budget
The US E&P has cut CAPEX from $3 billion to $2.4 billion.
7:00 PM EST | February 07, 2019
Apache and Kayne Anderson Create $3.5B Pipeline Company in the Permian
Apache is contributing its midstream assets to form a new pipeline company with investment firm Kayne Anderson.
8:00 PM EST | August 08, 2018
BLOG: The Good Deeds of Oil, Gas
Rigzone celebrates some recent good deeds of oil, gas companies.
8:00 PM EST | August 08, 2018
Kinder Morgan, EagleClaw and Apache Team Up for $2B Permian Pipeline
The pipeline project should address some of the bottleneck concerns around Permian Basin production.
8:00 PM EST | June 25, 2018
Apache Beats Profit Estimates On Higher Crude Prices
Apache reports a 32% fall in first-quarter profit as the oil and gas producer failed to benefit from higher crude oil prices due to lower production.
8:00 PM EST | May 01, 2018
Ancala Acquires Apache's Two North Sea Gas Pipeline Assets
Ancala Partners finalizes its acquisition of Apache's interests in two North Sea gas pipeline assets.
7:00 PM EST | November 19, 2017
Apache Raises North America Output Forecast, Swings To Profit
Apache swings to a first-quarter profit on higher oil prices and one-time property sales.
8:00 PM EST | May 03, 2017
Oil Producer Apache Posts Smaller-Than-Expected Loss
Apache reports a smaller-than-expected quarterly loss as the company's cost-cutting measures helped offset weak oil prices.
8:00 PM EST | November 02, 2016
Trade Group Oil & Gas UK Makes 4 Board Appointments
Trade association Oil & Gas UK appoints executives from Apache, Premier Oil, Repsol Sinopec and Rowan Companies to its board.
8:00 PM EST | October 03, 2016
Relief Arrives For US Shale Firms As OPEC Folds In Price Battle
It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production in a move that lifted low prices ravaging their budgets.
8:00 PM EST | September 28, 2016
A Resilient Apache Strikes Oil In Overlooked Texas Field
Apache announces a major oil discovery in Texas, the latest sign the strongest shale companies are not only surviving the steepest price crash in a generation, but growing despite it.
8:00 PM EST | September 06, 2016
Apache Deploys Additional Capital As Oil Prices Improve
Apache said it started deploying additional capital and expected spending this year to be at the higher end of its forecast range, given "modest signs of improvement" in oil prices.
8:00 PM EST | August 03, 2016
Lost Generation Of Oil Workers Leaves Few Options For Next Boom
The oil industry is fighting a generation gap.
8:00 PM EST | July 06, 2016
Oil Explorers Embrace the Sharing Economy to Drill Cheaper Wells
The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.
8:00 PM EST | June 21, 2016
With Oil Price Near $50, Resilient US Shale Producers Eye New Chapter
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.
8:00 PM EST | June 19, 2016
Apache's Surprise Savings Signal US Drillers Not Done With Cuts
Apache's cost savings in the first three months of 2016 exceeded its own expectations and are likely to continue even if oilfield services costs rise, executives of the Houston-based oil and gas producer say.
8:00 PM EST | May 04, 2016
Harkand Secures Apache Subsea Installation Work
Harkand secures subsea installation work from Apache which will support the US-headquartered operator with its existing drilling campaign in the Nevis South Field in the North Sea.
7:00 PM EST | February 28, 2016
US Shale Oil Drillers Finally Buckling as OPEC Pumps On
US oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices.
7:00 PM EST | February 25, 2016
Apache Slashes 2016 Budget By More Than Half, Sees Lower Output
Apache cuts its annual capital budget by more than half and said output would dip as it weathers a 70% slide in crude prices.
7:00 PM EST | February 24, 2016
Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover.
7:00 PM EST | December 13, 2015
Apache's Clem Discusses How to Develop Top Talent in Your Company
Jo Clem of Apache Corporation tells attendees of the People in Energy Summit how to develop top talent within their organization.
7:00 PM EST | November 17, 2015
Anadarko's Bid for Apache Drives Down Share Prices for Both E&Ps
Analysts say major M&A activity remains a couple of quarters away, when companies feel "maximum pain" of the downturn.
7:00 PM EST | November 11, 2015
Anadarko Confirms Apache Rejected An All-Stock Offer
Anadarko confirms an offer it made to buy fellow oil producer Apache has been rejected.
7:00 PM EST | November 10, 2015
Apache Said to Get Takeover Approach for $18B Company
Apache, the oil and natural gas company worth more than $18 billion, has received an unsolicited takeover approach, according to people familiar with the matter.
7:00 PM EST | November 08, 2015
US Oil Producer Apache Raises Production Forecast
Apache reports a much smaller-than-expected quarterly loss and joined a growing list of US oil producers in raising full-year production forecast even as many of them cut spending.
7:00 PM EST | November 04, 2015
Oil, Gas Works on Solution to Reduce Freshwater in Fracking
Water remains a key part of hydraulic fracturing, but the oil and gas industry is working to reduce, and one day, eliminate the use of freshwater in the process.
8:00 PM EST | September 14, 2015
Apache Reports $5.6B Loss, Hurt By Oil-Price Slump
Apache reports a nearly $6 billion quarterly loss as a slump in oil prices led the US energy company to write down the value of some assets.
8:00 PM EST | August 05, 2015
Australia's Wesfarmers Acquires 13.7% Stake in Quadrant Energy for $100M
Australia's Wesfarmers takes a 13.7 percent stake in Quadrant Energy, which acquired Apache's petroleum assets in Western Australia for $2.1 billion earlier this year.
8:00 PM EST | June 24, 2015
Apache Fails to Find Hydrocarbons at Olympic 1 Well in WA's Permit EP 473
Buru Energy says drilling at the Olympic 1 well in permit EP 473 in Western Australia has not uncovered any hydrocarbons so far.
8:00 PM EST | June 17, 2015
Ezra Bags $115M Contracts in North Sea, West Africa and Asia
Singapore's Ezra bags $115 million contracts for projects in North Sea, West Africa and Asia.
8:00 PM EST | June 14, 2015
Buru Energy: No Major Hydrocarbons at Olympic 1 yet, Drilling Continues
Buru Energy Limited reports that significant hydrocarbons are yet to be found at the Olympic 1 exploration well, located in permit EP 473 in Western Australia.
8:00 PM EST | June 10, 2015
Apache Completes Sale of Australian Subsidiary to Macquarie, Brookfield
Apache completes sale of its Australian subsidiary to private equity funds managed by Macquarie and Brookfield.
8:00 PM EST | June 07, 2015
Apache Streamlines Operations, Cuts Tulsa Office
Following billions of dollars in divestitures, Apache restructures organization to focus on asset priorities.
8:00 PM EST | May 31, 2015
Apache Expects Minimal Impacts from Well Shut-Ins
Apache Corp. expects minimal production impacts as a result of well shut-ins due to flooding in Texas.
8:00 PM EST | May 28, 2015
Devon Energy And Apache Shut-In Some Wells For Storms
Apache and Devon Energy shut-in some oil and gas wells as a precautionary measure because of heavy rains in Texas and Oklahoma.
8:00 PM EST | May 26, 2015
Apache Spuds Olympic-1 Oil Exploration Well in WA's Permit EP 473
Apache spuds the Olympic 1 oil exploration well in permit EP 473, located southeast of Broome in Western Australia.
8:00 PM EST | May 21, 2015