APA Corporation (NASDAQ: APA) continues to refine its Permian Basin operations, focusing on efficiency improvements, cost reductions, and production optimization. As the cornerstone of APA’s portfolio, the Permian accounted for 75% of the company’s adjusted production in Q4 2024, demonstrating its significance in the company’s long-term strategy. In its Q4…
APA Corporation’s operations in the Midland Basin are a testament to the power of a focused, block-by-block development strategy. By concentrating drilling and completion efforts in key blocks, the company maximizes operational efficiency, reduces costs, and maintains a steady stream of production.
On Aug. 19, Reuters reported that APA Corporation is considering selling its oil and gas drilling properties in the Permian basin, for roughly $1 billion. These assets are owned by APA’s subsidiary, Apache.
APA Corporation’s remarkable second-quarter performance in the Permian Basin showcases its robust operational capabilities and strategic agility. The integration of Callon assets ahead of schedule and the decision to maintain a high level of rig activity underline APA’s commitment to growth and efficiency.
Scotiabank reaffirmed its Sector Perform rating on Apache Corp (NASDAQ) with a price target of $30.00 after reviewing Apache’s latest quarterly information. Apache’s adjusted EPS and CFPS are projected at $0.93 and $2.99, respectively. The company reported higher-than-expected dry hole expenses and favorable outcomes in Egypt, with tax barrels surpassing…
APA Corporation is selling non-core assets in Texas for over $700 million, with divestments in the Midland Basin and East Texas.
APA Corporation’s acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024.
In a significant transaction, Apache Midstream LLC, a wholly owned subsidiary of Apache Corporation (NASDAQ:APA), has sold its entire stake in Kinetik Holdings Inc. (NASDAQ:KNTK). The sale, which occurred on March 18, 2024, involved 13,079,871 shares of Class A Common Stock at a price of $33.75 per share, resulting in a total transaction value of approximately $441 million.
Reported fourth-quarter production was 414,000 BOE per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 341,000 BOE per day. Net cash provided by operating activities in the fourth quarter was $1.0 billion, and adjusted EBITDAX was $1.4 billion.
APA Corporation ranks #29 in wells drilled in 2023 with 103 wells drilled in the US has operations in the Midland & Delaware basins located in the Permian Basins recently purchased assets from Revenir Energy Inc (formerly Legacy Reserves) in the Midland Basin.
