Apache Corporation Provides Fourth-Quarter Supplemental Information and Schedules Results Conference Call for Feb. 27, 2020, ...
January 23 2020 - 6:08PM
Apache Corporation (NYSE, NASDAQ: APA) today provided supplemental
information regarding certain fourth-quarter 2019 financial and
operational results.
Supplemental quarterly informationTo further
assist analysts with their fourth-quarter earnings models, the
company is providing the following estimates:
Average Realized Prices – 4Q19 |
|
Oil (bbl) |
NGL (bbl) |
Natural Gas (Mcf) |
United States |
$56.25 |
$15.00 |
$1.50 |
International |
$63.25 |
$42.00 |
$3.10 |
Egypt tax barrels:
|
21-23 MBoe/d |
Realized
loss on commodity derivatives (before tax): |
$3
million |
Unrealized
gain on commodity derivatives (before tax): |
$2
million |
Dry hole
costs (before tax)
|
$23-29
million |
|
|
Fourth-quarter 2019 earnings callApache
Corporation will host its fourth-quarter 2019 results conference
call on Thursday, Feb. 27, 2020, at 10 a.m. Central time. The
company will issue its earnings release after the market close on
Wednesday, Feb. 26. The full text of the release will be available
on the company's website at www.apachecorp.com. The
conference call will be webcast from Apache's website at
www.apachecorp.com and investor.apachecorp.com, and the webcast
replay will be archived there as well. The conference call will
also be available for playback by telephone for one week beginning
at approximately 4 p.m. Central time, Feb. 27. To access the
telephone playback, dial (855) 859-2056 or (404) 537-3406 for
international calls. The conference access code is 7162078.
About ApacheApache Corporation is an oil and
gas exploration and production company with operations in the
United States, Egypt and the United Kingdom. Apache posts
announcements, operational updates, investor information and copies
of all press releases on its website, www.apachecorp.com.
Forward-looking statementsThis news release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements can be identified
by words such as “anticipates,” “intends,” “plans,” “seeks,”
“believes,” “estimates,” “expects,” “guidance,” “outlook,”
“projects,” “potential,” “will,” and similar references to future
periods. These statements include, but are not limited to,
statements about future plans, expectations and objectives for
Apache’s operations, including statements about our capital plans,
drilling plans, production expectations, asset sales, and
monetization. While forward-looking statements are based on
assumptions and analyses made by us that we believe to be
reasonable under the circumstances, whether actual results and
developments will meet our expectations and predictions depend on a
number of risks and uncertainties which could cause our actual
results, performance, and financial condition to differ materially
from our expectations. See "Risk Factors" in our 2018 Form 10-K and
our quarterly reports on Form 10-Q filed, and 2019 Form 10-K when
filed, with the U.S. Securities and Exchange Commission (“SEC”) for
a discussion of risk factors that affect our business. Any
forward-looking statement made by us in this news release speaks
only as of the date on which it is made. Factors or events that
could cause our actual results to differ may emerge from time to
time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
development or otherwise, except as may be required by law.
ContactsInvestor: (281) 302-2286
Gary ClarkMedia: (713)
296-7276 Phil
West
Website: www.apachecorp.com
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