Apache Says Half Its Natural Gas Production Back Onstream
Apache said that approximately half of its gross operated natural gas production and one-third of its gross operated oil production on- and offshore in the Gulf of Mexico are back on-stream in the wake of hurricanes Katrina and Rita.
"Hurricane Rita caused significantly less damage to Apache facilities than
Katrina," said Apache CEO and President G. Steven Farris. "We lost one
structure at Ship Shoal 193 B. Restoring the bulk of our Gulf of Mexico
volumes currently affected by Rita is largely dependent upon the timing of
repairs to third-party pipelines and facilities damaged by the storm."
Operates 4 Offshore Rigs
- Apache Raises North America Output Forecast, Swings To Profit (May 04)
- Oil Producer Apache Posts Smaller-Than-Expected Loss (Nov 03)
- Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 04)