Apache Corp. Company News

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Apache to Close San Antonio Office, Cut Hundreds of Jobs
Thursday, January 09, 2020 Apache 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, 2020 Apache 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, 2019 While there is distress for some companies, the situation offers an opportunity for others.

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

Shale Oil Pioneers Say the Boom is Ending
Wednesday, November 06, 2019 Two 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, 2019 Apache Corp. has awarded Wood a commissioning services contract for multiple U.K. North Sea platforms.

Apache Cuts 2019 Upstream Capital Budget
Friday, February 08, 2019 The 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, 2018 Apache 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, 2018 Rigzone celebrates some recent good deeds of oil, gas companies.

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

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

Ancala Acquires Apache's Two North Sea Gas Pipeline Assets
Monday, November 20, 2017 Ancala 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, 2017 Apache 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, 2016 Apache 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, 2016 Trade 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, 2016 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.

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

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

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

Oil Explorers Embrace the Sharing Economy to Drill Cheaper Wells
Wednesday, June 22, 2016 The 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, 2016 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.

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

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

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

Apache Slashes 2016 Budget By More Than Half, Sees Lower Output
Thursday, February 25, 2016 Apache 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, 2015 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.

Apache's Clem Discusses How to Develop Top Talent in Your Company
Wednesday, November 18, 2015 Jo 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, 2015 Analysts 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, 2015 Anadarko 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, 2015 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.

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

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

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

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

Apache Fails to Find Hydrocarbons at Olympic 1 Well in WA's Permit EP 473
Thursday, June 18, 2015 Buru 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, 2015 Singapore'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, 2015 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.

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

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

Apache Expects Minimal Impacts from Well Shut-Ins
Friday, May 29, 2015 Apache 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, 2015 Apache 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, 2015 Apache spuds the Olympic 1 oil exploration well in permit EP 473, located southeast of Broome in Western Australia.

Apache Appoints Daniel Rabun to Board of Directors
Thursday, May 14, 2015 Apache announces the appointment of Daniel W. Rabun to its board of directors.

Apache Commences Production at Coniston Oil Field Off Western Australia
Tuesday, May 12, 2015 Apache commences production at Coniston oil field offshore Western Australia.

Apache Posts Quarterly Loss, Readying For Rebound
Thursday, May 07, 2015 Apache reports a quarterly loss as low commodity prices took a toll, but a recent rally in crude has the US oil and gas company preparing for a rebound.

Woodside Completes Canada's Kitimat LNG Project Acquisition for $854M
Friday, April 10, 2015 Woodside closes purchase of Apache's interests in Canada's Kitimat asset and revises slightly its 2015 production range to 86-94 million barrels of oil equivalent.

Carnarvon Confirms Drilling of Roc-1 Well to Proceed as Planned
Thursday, April 09, 2015 Carnarvon Petroleum confirms that drilling of Roc-1 exploration well in permit WA-437-P off Western Australia would not be affected despite field operator Apache's sale of its Australian assets to private equity funds.

Apache Exits Australia E&P Business With $2.1B Sale
Wednesday, April 08, 2015 Apache says it would exit its exploration and production business in Australia by selling its unit there.

Apache Plans to Drill Roc-1 Prospect Offshore Western Australia in 4Q 2015
Tuesday, April 07, 2015 Apache plans to drill Roc-1 prospect in Permit WA-437-P off Western Australia in the last quarter of 2015.

Woodside Closes Purchase of Apache's Stakes in Australian Upstream Assets
Thursday, April 02, 2015 Woodside closes purchase of Apache's stakes in Australian upstream assets, comprising the Wheatstone and Balnaves developments.