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Apache Corporation (APA)

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17.47-0.35 (-1.96%)
At close: 4:00PM EST

17.47 -0.00 (-0.00%)
After hours: 4:07PM EST

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Previous Close17.82
Open18.00
Bid17.45 x 1800
Ask17.46 x 3200
Day's Range17.18 - 18.20
52 Week Range3.80 - 31.45
Volume6,873,484
Avg. Volume11,183,083
Market Cap6.595B
Beta (5Y Monthly)4.88
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.10 (0.58%)
Ex-Dividend DateJan. 21, 2021
1y Target EstN/A
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Press Releases
  • Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well
    GlobeNewswire

    Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well

    Apache Corp. and Total S.A., Offshore Suriname, Block 58 On Jan. 14, 2021, Apache Corporation and Total S.A. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. This follows the January, April and July 2020 announcements of discoveries at the Maka Central-1, Sapakara West-1 and Kwaskwasi-1 wells, respectively. The next exploration well on Block 58 will be at the Bonboni location.HOUSTON, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. Keskesi East-1 encountered targets in the upper Cretaceous-aged Campanian and Santonian intervals. The shallower Campanian interval contains 58 meters (190 feet) of net oil, volatile oil and condensate pay and the Santonian interval contains 5 meters (16 feet) of net oil and volatile oil pay. Fluid samples indicate API oil gravities of approximately 27 to 28 degrees in the Campanian and 35 to 37 degrees in the Santonian. The Keskesi East-1 well is continuing to drill to deeper Neocomian-aged targets. Upon completion of operations at Keskesi East-1, the Noble Sam Croft drillship will be released as planned.“We are very pleased to announce our fourth consecutive discovery in Block 58 at Keskesi, which confirms oil in the eastern portion of the block,” said John Christmann, Apache’s chief executive officer and president. “We are excited to commence the appraisal program on our initial discoveries and extend our Block 58 exploration program to the north in 2021.”Pursuant to the terms of its joint venture agreement, Apache transferred operatorship of Block 58 to Total S.A. on Jan. 1, 2021. Apache will continue to operate the Keskesi exploration well until release of the Noble Sam Croft drillship.About ApacheApache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. 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,” “continues,” “could,” “estimates,” “expects,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. 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 monetizations. 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 2019 Form 10-K and in our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") for a discussion of risk factors that affect our business. Any forward-looking statement made by Apache 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. Apache undertakes 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.Cautionary note to investors  The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable, and possible reserves that meet the SEC's definitions for such terms. Apache may use certain terms in this release, such as "resources," "potential resources," "resource potential," "estimated net reserves," "recoverable reserves," and other similar terms that the SEC guidelines strictly prohibit Apache from including in filings with the SEC. Such terms do not take into account the certainty of resource recovery, which is contingent on exploration success, technical improvements in drilling access, commerciality and other factors, and are therefore not indicative of expected future resource recovery and should not be relied upon. Investors are urged to consider carefully the disclosure in Apache's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2019, available from Apache at www.apachecorp.com or by writing Apache at: 2000 Post Oak Blvd., Suite 100, Houston, TX 77056 (Attn: Corporate Secretary). You can also obtain this report from the SEC by calling 1-800-SEC-0330 or from the SEC's website at www.sec.gov. ContactsInvestor:(281) 302-2286Gary Clark Media: (713) 296-7276 Phil West   Website:www.apachecorp.com  APA-V APA-GA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c0bcbe7-6756-4593-a4d2-9c2d0603f4b8

  • Apache Corporation Announces Creation of Holding Company Structure; Holding Company to be Named APA Corporation
    GlobeNewswire

    Apache Corporation Announces Creation of Holding Company Structure; Holding Company to be Named APA Corporation

    HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (“Apache”) (Nasdaq: APA) today announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company trading on the Nasdaq stock exchange. Existing shares of Apache will be automatically converted, on a one-for-one basis, into shares of common stock of APA Corporation, which will retain the ticker symbol “APA”. The Board and the executive officers of Apache will continue in their same roles at the new company. APA Corporation will acquire the Suriname and Dominican Republic subsidiaries from Apache Corporation. Apache Corporation will become a direct subsidiary of APA Corporation and will continue to hold existing assets in the U.S., subsidiaries in Egypt and the U.K., and its current economic interests in Altus Midstream Company (Nasdaq: ALTM) and Altus Midstream LP.“These steps modernize our operating and legal structure, making it more consistent with other companies that have subsidiaries operating around the globe,” said John J. Christmann IV, Apache’s chief executive officer and president. “A holding company offers advantages in risk management, provides financial and administrative flexibility, and more closely aligns our legal structure with our growing international presence.”The holding company restructure is expected to be completed during the first half of 2021.About ApacheApache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. Apache posts announcements, operational updates, investor information and all press releases on its website, www.apachecorp.com. Specific information concerning Suriname, ESG performance and other investor-related topics are posted at investor.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,” “continues,” “could,” “estimates,” “expects,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. 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 monetizations. 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 2019 Form 10-K, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by Apache 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. Apache undertakes 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.Contacts  Investor:(281) 302-2286Gary Clark Media:(713) 296-7276Phil West Website:www.apachecorp.com  APA-G

  • Apache Corporation Donates More Than 64,000 Trees to 56 Nonprofit Organizations
    GlobeNewswire

    Apache Corporation Donates More Than 64,000 Trees to 56 Nonprofit Organizations

    HOUSTON, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Apache Corporation (Nasdaq: APA) has announced the donation of more than 64,000 trees to 56 nonprofit partner organizations through the annual Apache Tree Grant Program. Since the program’s launch in 2005, the company has provided more than 4.8 million trees to partner organizations in 17 states. Plantings from this year’s grants began in October 2020 and will continue through May 2021."We are excited about another great group of grant recipients for this year’s Apache Tree Grant Program,” said John J. Christmann IV, Apache's chief executive officer and president. “We thank our partners for their commitment to conservation, habitat restoration and neighborhood beautification by planting and caring for these trees.”Among this year’s recipients, the Texas Parks and Wildlife Department received more than 500 trees to benefit six state parks and across various regions including Devils River, Goliad State Park, Lake Livingston State Park, Lockhart and Palmetto State Park, Martin Dies Jr. State Park and for other projects in Region 2 and Region 3.“The Apache Tree Grant program has provided thousands of trees to Texas State Parks and facilities over the years,” said Annalise Reichert, sustainability program specialist, Texas Parks and Wildlife Department. “The trees have been used for a variety of natural resources projects, such as riparian habitat restoration, erosion mitigation and those establishing wildlife habitats. TPWD is grateful to Apache and looks forward to future opportunities to further our mission of conserving the natural resources of Texas for present and future generations.”“We are really excited to be part of the Apache Tree Grant Program,” said Bob Stokes, president, Galveston Bay Foundation, another 2020 recipient. “The 300 trees we receive this year will be used to help re-forest our new 30-acre headquarters site in Kemah. We intend to host thousands of visitors each year at the new site and look forward to having them witness the growth of these trees and the reforestation that will occur over the years.”“Habitat restoration and reforestation on the U.S. Fish and Wildlife Service's South Texas Refuge Complex has been an ongoing effort for over 40 years,” said Kimberly Wahl-Villareal, plant ecologist, U.S. FWS Reforestation and Restoration program and 2020 grant recipient. “This program strives to restore the ecological function of the Tamaulipan thornscrub forests and preserve the wildlife species which these forests support, such as the endangered ocelot and a host of migratory birds. Through Apache Corporation's generous and continued support over the past six years, the U.S. Fish and Wildlife Service has been able to plant 75,000 tree seedlings across 98 acres, restoring habitat for the native flora and fauna of south Texas.”2020 Grant Recipients:LOUISIANA * Coalition to Restore Coastal Louisiana * Iberia Soil & Water Conservation District * Lafayette Central Park (Moncus Park) * NOLA Tree Project * Southwest Louisiana Charter Academy Foundation (Lake Charles College Prep) * St. Mary Soil and Water Conservation District * TreesAcadiana * Trust for Public Land * United States Fish and Wildlife Service * Woodlands ConservancyNEW MEXICO * City of Carlsbad * City of Las Cruces * Tree New Mexico TEXAS - HOUSTON METRO * Brazoria County Parks Department * Buffalo Bayou Partnership * City of Baytown Parks Department * City of Houston * City of Mont Belvieu * City of Pasadena Parks and Recreation * City of Seabrook (Open Space and Trails Committee) * Galveston Bay Foundation * Galveston Island Tree Conservancy * Harris County Precinct 3 * Harris County Precinct 4 Parks Department * Harris County Precinct 4 Parks Department * Hermann Park Conservancy * Keep Surfside Beach Beautiful (Village of Surfside Beach) * SPJST Lodge 88 * Texas A&M University at Galveston * Texas Master Naturalists - Coastal Prairie Chapter * Trees For Houston * University of Houston TEXAS - WEST * Andrews County Parks Department * City of Alpine * City of Big Spring * Keep Levelland Beautiful (Levelland Chamber of Commerce) * Keep Midland Beautiful * Keep Odessa Beautiful * Keep San Angelo Beautiful * The Field's EdgeTEXAS - CENTRAL * Bryan Noon Lions Club * City of New Braunfels Parks and Recreation Department * City of San Marcos * Keep Brazos Beautiful * Lower Colorado River Authority * Native Plant Society of Texas - Kerrville Chapter * Paint Rock ISD * Texas Master Naturalists - Hill Country Chapter * Texas Parks and Wildlife - Fairfield Lake State Park * Texas Parks and Wildlife Department - Devils River * Texas Parks and Wildlife Department - Goliad SP * Texas Parks and Wildlife Department - Lake Livingston State Park * Texas Parks and Wildlife Department - Lockhart and Palmetto SP * Texas Parks and Wildlife Department - Martin Dies Jr. SP * Texas Parks and Wildlife Department - Region 2 * Texas Parks and Wildlife Department - Region 3 * TreeFolks, Inc. TEXAS - NORTH * Cal Farley's Boys Ranch * City of Amarillo Parks and Recreation DepartmentTEXAS - SOUTH * City of Edinburg * Friends of the Wildlife Corridor * Webb County * Wildlife Conservation and Education SocietyWYOMING * Fremont County Fair Board - Fremont County Fair For more information about the Apache Tree Grant Program, please visit www.apachelovestrees.com.About ApacheApache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. Apache posts announcements, operational updates, investor information and all press releases on its website, www.apachecorp.com. Specific information concerning Suriname, ESG performance and other investor-related topics are posted at investor.apachecorp.com. Contacts Investor:   (281) 302-2286Gary Clark Media:      (713) 296-7276Alexandra Franceschi Website:   www.apachecorp.com