ADVFN - Advanced Financial Network.
HOME» NYSE » A » APA Stock Price » APA Stock News

Apache Share News

 Apache Corp. Stock Price
APA Stock Price
 Apache Corp. Stock Chart
APA Stock Chart
 Apache Corp. Stock News
APA Stock News
 Apache Corp. Company Information
APA Company Information
 Apache Corp. Stock Trades
APA Stock Trades

Apache: US Oil To Lead Company's Production Growth

--Apache unveils large positions in the Williston Basin, Mississippi Lime --Production to exceed 1 million barrels of oil equivalent in 2016, from 769,000 boe/d in 1Q --Liquids production will amount to 58% of total, versus 50% in 2011 By Angel Gonzalez HOUSTON-- Apache Corp. (APA) plans to produce more than 1 million barrels of oil equivalent a day in 2016, with U.S. oil production leading its growth, Chief Executive Steve Farris said Thursday. That year, about 41% of the Houston oil company's production will come from U.S. onshore fields, up from about 21% currently, the company said. That would make the U.S. the largest source of Apache's production, surpassing Egypt, currently its most productive asset. The company in the last quarter produced an average of 769,000 barrels of oil equivalent a day. "U.S. liquids is going to lead growth," Mr. Farris said at the company's annual analyst meeting. "It's really the beginning of a new life cycle." About 58% of Apache's production will be oil and similar liquids, up from 50% in 2011, the company said. Apache said it had a new 300,000 acre position in the Williston Basin, where the oil-rich Bakken Shale is located, and 580,000 acres in the Mississippi Lime, an emerging oil region in the central U.S. The company also has positions in Kenya deep-water blocks, West Texas's Permian Basin, the Vaca Muerta shale oil formation in Argentina, and the Anadarko Basin in the U.S., among others. Apache shares were recently up 1.58% at $84.28. Write to Angel Gonzalez at angel.gonzalez@dowjones.com

Stock News for Apache (APA)
DateTimeHeadline
07/11/201408:30:35North Sea Maintenance Means August Crude-Oil Loadings to Fall...
06/26/201416:42:53Egypt to Repay Some of the Billions Owed to Energy Firms
06/09/201406:56:05North Sea BFOE Crude-Oil Loading Programs to Rise 4.5% in July
06/04/201417:48:30TransCanada Plans British Columbia Pipeline Project
06/04/201417:45:27TransCanada Plans C$1.9 Billion British Columbia Pipeline Project
05/15/201417:10:12Point72 Bets on BlackBerry and Booz Allen
05/15/201416:54:14Point72, Formerly SAC Capital, Bets on BlackBerry and Booz Allen
05/15/201401:23:10Murphy Oil Seeks Sale of Malaysia Oil and Gas Assets -- Update
05/08/201410:36:26North Sea BFOE Crude-Oil Loading Programs to Rise 10% in June
04/23/201400:30:17PTTEP to Buy Hess Corp.'s Thailand Assets for $1 Billion
04/04/201412:38:13North Sea Crude Loadings to Drop During May Maintenance
03/31/201409:50:51Apache to Sell Western Canada Assets for $374 Million
02/26/201408:59:45Apache Sets $8.5 Billion Capital Budget for 2014 Exploration...
02/14/201413:44:45Apache President Plank Retires, Leon Named Finance Chief
02/12/201419:33:09Apache to Sell Argentina Operations to YPF for $800 Million...
02/12/201417:48:17Apache to Sell Argentina Operations to YPF for $800 Million
01/30/201409:39:39Apache Sees Continued Growth in Egypt's Western Desert in 2014
01/16/201409:55:56Apache Sees Production Hit on Severe Winter Weather
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases

Apache and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad