Apache – Page 5 – Oil & Gas 360

Apache Names TPH Alum as Head of Planning and Energy Fundamentals

March 6, 2018

Apache Corporation (ticker: APA) has named David Pursell as SVP of planning and energy fundamentals, effective March 12, 2018. “I am pleased to welcome Dave to Apache’s executive management team. Dave’s skills, expertise and capabilities will further enhance our robust internal planning processes and assist in the execution of our long-term profitable growth strategy,” said John J. Christmann IV, Apache’s

Apache Makes its Exit from Canada

July 7, 2017

Apache Corporation (APA) will finish exiting its Canada operations following the closing of a sale of three sets of assets. The sale was comprised of a slate of properties in Alberta and British Columbia to Paramount Resources (ticker: POU); the sale of its Provost assets in Alberta to an undisclosed private company; and the sale of its Midale and House

Apache Corp. Rejects $18 Billion Takeover Bid: Bloomberg

November 9, 2015

Latest action from energy M&A front line Apache Corporation (ticker: APA) rejected an unsolicited bid of $18 billion over the weekend, according to a report from Bloomberg. Apache has not commented on the report, but the company is said to be working with Goldman Sachs Group Inc. on a defense strategy. The development is the latest chapter in an energy

Apache Corp.’s Asset Sales Reach Nearly $5 Billion Since December

April 10, 2015

Accelerates APA’s Transition to North America Apache Corporation (ticker: APA) has closed on the $2.8 billion sale of its stake in two separate LNG projects, the company announced on April 10, 2015. The projects include the Wheatstone LNG in Australia and the Kitimat LNG facility in British Columbia, with Woodside Petroleum assuming APA’s interest in both projects. The closing comes

E&Ps Taking Advantage of Hedging to Protect Profits

January 5, 2015

Production is expected to increase West Texas Intermediate has continued to fall from its 2014 peak of $107.73 a barrel in June to $51.68 at 10:38 a.m. London time. That’s below the breakeven price for 37 of 38 U.S. shale oilfields, according to Bloomberg. Prices have dropped even further since then, sitting at $50.49 a barrel at the time of

Egypt Turns to Hydraulic Fracturing

December 19, 2014

On Wednesday, December 17, Egypt’s Ministry of Petroleum announced that Egypt’s state oil company (EGPC), Houston based Apache Corp. (ticker: APA) and Shell Egypt (ticker: RDSA) have entered into an agreement for the production of unconventional gas using hydraulic fracturing in the Northeast Abuel Garadeek region of Egypt’s Western Desert, about 200km (124.27 miles) west of Cairo. According to the

Apache Sells Stake in B.C. and Australia LNG Projects for $2.75 Billion

December 16, 2014

Apache Corporation (ticker: APA) announced on December 15, 2014, that it has agreed to sell its interest in two liquefied natural gas (LNG) projects to Australian E&P Woodside Petroleum Ltd. (ticker: WPL). The deal includes the accompanying upstream oil and gas reserves, along with APA’s interest in the LNG projects. Woodside paid US$2.75 billion for a 13% interest in the

Apache Announces $1.4 Billion Deal

November 25, 2014

On November 20, Apache Corp. (ticker: APA) announced its intentions to sell non-core assets in southern Louisiana and certain parts of the Anadarko Basin for approximately $1.4 billion in two separate deals with unnamed buyers. In southern Louisiana, Apache agreed to sell its working interest in approximately 90,000 net acres. These mature fields, which are characterized by high decline rates

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