Latest Apache Corporation Stories
HOUSTON, May 30, 2012 /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 is payable on Aug. 22, 2012, to stockholders of record on July 23, 2012, at the rate of 17 cents per share. The company also announced the regular cash dividend on the 6% Mandatory Convertible Preferred Stock, Series D. The...
HOUSTON, May 16, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the U.K. North Sea since 2001. "We're very excited about this well because we've found virgin reservoir pressure in two of three zones containing more than 300 feet of net true vertical pay," said Jim House, regional vice president and managing director of Apache North Sea. "This is one...
HOUSTON, May 14, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that an Apache Australian subsidiary and its partners have agreed to sell liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia to Tohoku Electric Power Company Incorporated (THE). The Wheatstone partners and THE signed a Heads of Agreement to supply up to 1 million metric tons per annum (MTPA) of LNG for up to 20 years. Through its 13-percent share in...
HOUSTON, May 3, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) reported record worldwide production in the first-quarter of 2012 as the company benefitted from higher prices for oil and natural gas liquids and its balanced approach helped it weather the continuing deterioration of North American natural gas prices. Daily production increased 7 percent over the same period the prior year, adjusted for dispositions. Worldwide production was 769,000 barrels of oil...
DENVER, May 1, 2012 /PRNewswire/ -- Denver based Cordillera Energy Partners III, LLC announced the closing of its merger into Apache Corporation of Houston, Texas. Incorporating additional acreage and drilling since the merger was announced, Apache paid Cordillera $3.1 Billion comprised of $600 Million in common shares and $2.5 Billion in cash. With this closing, the shareholders of Cordillera will hold approximately 1.6% of Apache's outstanding common shares. (Logo:...
HOUSTON, May 1, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that it has completed its previously announced acquisition of Cordillera Energy Partners III, LLC, a privately held company with operations and acreage across the prolific Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. With additional drilling and acreage acquired since the transaction was announced, Apache paid approximately $2.5 billion...
HOUSTON, April 23, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA), will release its first-quarter 2012 results at 7 a.m. Central time on Thursday, May 3, followed by a conference call to discuss its results at 1 p.m. Central time. The first-quarter results conference call will be webcast from Apache's website, www.apachecorp.com. The webcast replay will be archived on Apache's website. The conference call will be available for delayed playback by telephone for one...
WOODWARD, Okla., April 23, 2012 /PRNewswire/ -- The City of Woodward, Okla., and Apache Corporation (NYSE, Nasdaq: APA) today announced that an Apache donation will enable the city to replace its tornado warning system with new equipment that will include battery backup and redundant controls. A tornado ripped through the western Oklahoma town shortly after midnight on April 15. Six people died and more than 20 were injured. The signal tower for Woodward's tornado sirens was...
HOUSTON, April 17, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that an Apache Australian subsidiary and its partners have agreed to sell liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia to Chubu Electric Power Company Incorporated (Chubu). The Wheatstone partners and Chubu signed a heads of agreement to supply 1 million metric tons per annum (MTpa) of LNG for up to 20 years. Through its 13-percent share in...
HOUSTON, April 3, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) said today that it has priced $3 billion in aggregate principal amount of notes in a public offering consisting of $400 million principal amount of 1.75% notes due in 2017, $1.1 billion principal amount of 3.25% notes due in 2022, and $1.5 billion principal amount of 4.75% notes due in 2043. Apache intends to use proceeds from the offering to fund the cash portion of the purchase price to be paid to acquire...
