Apache Corp. Company News

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Apache to Restructure Company
Wednesday, January 06, 2021The board of directors of Apache Corp. has authorized the company to create a holding company structure.

Natural Gas Helps to Shrink Energy Poverty Gap
Friday, November 27, 2020A recent industry report finds that natural gas can help to mitigate energy poverty in the United States.

Apache Contract Extension Could Be Worth $100MM
Thursday, September 24, 2020Apache Corp. has awarded Archer a four-year contract extension for platform drilling and maintenance services.

Apache and Total Evaluate Suriname Discovery
Tuesday, September 15, 2020Apache Corp. and Total S.A. have updated the technical evaluation of their Kwaskwasi-1 discovery well in Block 58 offshore Suriname.

Apache and Total Strike Oil Offshore Suriname
Thursday, July 30, 2020Apache Corp. and Total S.A. Wednesday afternoon reported a major oil discovery in Block 58 offshore Suriname.

Apache South America Campaign Concludes
Wednesday, May 06, 2020Oceaneering International reported that it has successfully completed an integrated rig services campaign for Apache offshore South America.

Apache, FTS International Add to Oilpatch Layoffs
Tuesday, March 24, 2020The wave of rapid cost-cutting and right-sizing in the oilpatch continues.

Apache Ditches Alpine High After $3B Writedown
Thursday, February 27, 2020The 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.

Apache to Close San Antonio Office, Cut Hundreds of Jobs
Thursday, January 09, 2020Apache Corp. is shuttering its San Antonio office, resulting in the layoffs of hundreds of employees.

Apache and Total Hit Oil Pay Offshore Suriname
Tuesday, January 07, 2020Apache and Total on Tuesday reported a significant oil discovery on Block 58 offshore Suriname - and adjacent to Guyana's Stabroek Block.

Is the US Shale Boom Really About to End?
Thursday, December 26, 2019While there is distress for some companies, the situation offers an opportunity for others.

Apache Tumbles on 'Incredibly Thin' Suriname Well Results
Monday, December 02, 2019Apache 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.

Shale Oil Pioneers Say the Boom is Ending
Wednesday, November 06, 2019Two shale pioneers think the days of relentless production growth from US unconventional oil fields are ending.

Apache Commissioning Contract Goes to Wood
Friday, October 25, 2019Apache Corp. has awarded Wood a commissioning services contract for multiple U.K. North Sea platforms.

Apache Cuts 2019 Upstream Capital Budget
Friday, February 08, 2019The US E&P has cut CAPEX from $3 billion to $2.4 billion.

Apache and Kayne Anderson Create $3.5B Pipeline Company in the Permian
Thursday, August 09, 2018Apache is contributing its midstream assets to form a new pipeline company with investment firm Kayne Anderson.

BLOG: The Good Deeds of Oil, Gas
Thursday, August 09, 2018Rigzone celebrates some recent good deeds of oil, gas companies.

Kinder Morgan, EagleClaw and Apache Team Up for $2B Permian Pipeline
Tuesday, June 26, 2018The pipeline project should address some of the bottleneck concerns around Permian Basin production.

Apache Beats Profit Estimates On Higher Crude Prices
Wednesday, May 02, 2018Apache 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.

Ancala Acquires Apache's Two North Sea Gas Pipeline Assets
Monday, November 20, 2017Ancala Partners finalizes its acquisition of Apache's interests in two North Sea gas pipeline assets.

Apache Raises North America Output Forecast, Swings To Profit
Thursday, May 04, 2017Apache swings to a first-quarter profit on higher oil prices and one-time property sales.

Oil Producer Apache Posts Smaller-Than-Expected Loss
Thursday, November 03, 2016Apache reports a smaller-than-expected quarterly loss as the company's cost-cutting measures helped offset weak oil prices.

Trade Group Oil & Gas UK Makes 4 Board Appointments
Tuesday, October 04, 2016Trade association Oil & Gas UK appoints executives from Apache, Premier Oil, Repsol Sinopec and Rowan Companies to its board.

Relief Arrives For US Shale Firms As OPEC Folds In Price Battle
Thursday, September 29, 2016It 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.

A Resilient Apache Strikes Oil In Overlooked Texas Field
Wednesday, September 07, 2016Apache 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.

Apache Deploys Additional Capital As Oil Prices Improve
Thursday, August 04, 2016Apache 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.

Lost Generation Of Oil Workers Leaves Few Options For Next Boom
Thursday, July 07, 2016The oil industry is fighting a generation gap.

Oil Explorers Embrace the Sharing Economy to Drill Cheaper Wells
Wednesday, June 22, 2016The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.

With Oil Price Near $50, Resilient US Shale Producers Eye New Chapter
Monday, June 20, 2016Two 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.

Apache's Surprise Savings Signal US Drillers Not Done With Cuts
Thursday, May 05, 2016Apache'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.

Harkand Secures Apache Subsea Installation Work
Monday, February 29, 2016Harkand 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.

US Shale Oil Drillers Finally Buckling as OPEC Pumps On
Friday, February 26, 2016US 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.

Apache Slashes 2016 Budget By More Than Half, Sees Lower Output
Thursday, February 25, 2016Apache cuts its annual capital budget by more than half and said output would dip as it weathers a 70% slide in crude prices.

Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Monday, December 14, 2015Cash-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.

Apache's Clem Discusses How to Develop Top Talent in Your Company
Wednesday, November 18, 2015Jo Clem of Apache Corporation tells attendees of the People in Energy Summit how to develop top talent within their organization.

Anadarko's Bid for Apache Drives Down Share Prices for Both E&Ps
Thursday, November 12, 2015Analysts say major M&A activity remains a couple of quarters away, when companies feel "maximum pain" of the downturn.

Anadarko Confirms Apache Rejected An All-Stock Offer
Wednesday, November 11, 2015Anadarko confirms an offer it made to buy fellow oil producer Apache has been rejected.

Apache Said to Get Takeover Approach for $18B Company
Monday, November 09, 2015Apache, the oil and natural gas company worth more than $18 billion, has received an unsolicited takeover approach, according to people familiar with the matter.

US Oil Producer Apache Raises Production Forecast
Thursday, November 05, 2015Apache 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.

Oil, Gas Works on Solution to Reduce Freshwater in Fracking
Tuesday, September 15, 2015Water 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.

Apache Reports $5.6B Loss, Hurt By Oil-Price Slump
Thursday, August 06, 2015Apache 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.

Australia's Wesfarmers Acquires 13.7% Stake in Quadrant Energy for $100M
Thursday, June 25, 2015Australia'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.

Apache Fails to Find Hydrocarbons at Olympic 1 Well in WA's Permit EP 473
Thursday, June 18, 2015Buru Energy says drilling at the Olympic 1 well in permit EP 473 in Western Australia has not uncovered any hydrocarbons so far.

Ezra Bags $115M Contracts in North Sea, West Africa and Asia
Monday, June 15, 2015Singapore's Ezra bags $115 million contracts for projects in North Sea, West Africa and Asia.

Buru Energy: No Major Hydrocarbons at Olympic 1 yet, Drilling Continues
Thursday, June 11, 2015Buru 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.

Apache Completes Sale of Australian Subsidiary to Macquarie, Brookfield
Monday, June 08, 2015Apache completes sale of its Australian subsidiary to private equity funds managed by Macquarie and Brookfield.

Apache Streamlines Operations, Cuts Tulsa Office
Monday, June 01, 2015Following billions of dollars in divestitures, Apache restructures organization to focus on asset priorities.

Apache Expects Minimal Impacts from Well Shut-Ins
Friday, May 29, 2015Apache Corp. expects minimal production impacts as a result of well shut-ins due to flooding in Texas.

Devon Energy And Apache Shut-In Some Wells For Storms
Wednesday, May 27, 2015Apache and Devon Energy shut-in some oil and gas wells as a precautionary measure because of heavy rains in Texas and Oklahoma.

Apache Spuds Olympic-1 Oil Exploration Well in WA's Permit EP 473
Friday, May 22, 2015Apache spuds the Olympic 1 oil exploration well in permit EP 473, located southeast of Broome in Western Australia.