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Latest Apache Corporation Stories

2013-08-01 08:24:01

- Riviera SW-1X flows 5,822 barrels, 2.8 MMcf per day in Lower Bahariya test HOUSTON, Aug. 1, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today reported seven oil and gas discoveries that highlight the geologic and geographic diversity across the company's 9.7 million gross acres in Egypt's Western Desert. One discovery - the Riviera SW-1X on the southern flank of the Abu Gharadig Basin - test-flowed 5,800 barrels of oil and 2.8 million cubic feet (MMcf) of gas...

2013-07-25 12:22:32

Editor Note: For more information about this release, please scroll to bottom. LONDON, July 25, 2013 /PRNewswire/ -- On Wednesday, July 24, 2013, shares in independent oil & gas companies ended mostly lower, tracking the broader market which also ended in the red. The major losers in the industry included Apache Corporation (NYSE: APA), Range Resources Corp. (NYSE: RRC), Ultra Petroleum Corp. (NYSE: UPL), and Endeavour International Corporation (NYSE: END). All these...

2013-07-19 08:24:15

HOUSTON, July 19, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced the appointment of John E. Lowe, a former ConocoPhillips executive, to its board of directors. Lowe is a member of the board of directors for Phillips 66 and Agrium Inc. Previously, he held a series of executive positions with ConocoPhillips, including executive vice president, Exploration & Production; executive vice president, Commercial; and executive vice president, Planning,...

2013-07-18 16:23:01

HOUSTON, July 18, 2013 /PRNewswire/ -- Fieldwood Energy LLC ("Fieldwood"), a portfolio company of Riverstone Holdings LLC, the New York-based private equity firm, announced today the acquisition of Apache Corporation's (NYSE, Nasdaq: APA) Gulf of Mexico Shelf business for $3.75 billion, before customary purchase price adjustments and based on an effective date of July 1, 2013. The properties to be acquired represent the largest operated asset base on the Gulf of Mexico Shelf and...

2013-07-18 16:22:58

Company rebalances portfolio toward more predictable growth HOUSTON, July 18, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) announced today it has agreed to sell its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for cash proceeds of $3.75 billion. In addition, Fieldwood will assume all asset retirement obligations for these properties, which, as of June 30, 2013, Apache estimated at a...

2013-05-30 16:21:39

HOUSTON, May 30, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) has issued a corporate challenge, calling on companies and individuals to donate to the Shelter Oklahoma Schools fund for building storm shelters and safe rooms in the state's schools by pledging to match dollar for dollar the next $500,000 in donations. The corporate challenge is in response to the devastation caused by recent deadly tornados in Moore, Okla. Last week, Apache announced it had pledged...

2013-05-22 08:23:50

HOUSTON, May 22, 2013 /PRNewswire/ -- The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) has declared regular cash dividends on the company's common shares and 6% Mandatory Convertible Preferred Stock, Series D. The dividend on common shares of 20 cents per share is payable on Aug. 22, 2013, to stockholders of record on July 22, 2013. The company also announced the regular cash dividend on the 6% Mandatory Convertible Preferred Stock, Series D. The dividend on the Series D...

2013-05-10 08:29:38

HONG KONG, May 10, 2013 /PRNewswire/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports for the following hot stocks: Advanced Micro Devices (NYSE:AMD), Monster Beverage (NASDAQ:MNST), Apache (NYSE:APA), Rackspace Hosting (NYSE:RAX), Oracle (NASDAQ:ORCL), and Boston Scientific (NYSE:BSX). (Logo: http://photos.prnewswire.com/prnh/20130417/HK96241LOGO ) (Read full report by clicking the link below, you may need to copy and paste the full link to your browser.) Report...

2013-05-09 08:23:56

First-quarter production growth driven by 45% increase in North American onshore liquids HOUSTON, May 9, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) reported first-quarter earnings of $698 million, or $1.76 per diluted common share, and adjusted earnings*, which exclude certain items that impact the comparability of operating results, of $806 million or $2.02 per share. During the first quarter, worldwide production increased to 781,819 barrels of oil equivalent...

2013-05-08 08:25:40

Optimization projects reduce drilling, completion costs HOUSTON, May 8, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced updated well results from drilling in the Tonkawa and Granite Wash formations of the Texas Panhandle and Western Oklahoma. Tonkawa initial production rates climb 70 percentFlow rates from Apache's first seven Tonkawa wells drilled and producing for 30 days in 2013 averaged 662 barrels of oil equivalent (boe) per day, a 70 percent...