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Apache Corporation and its subsidiaries announced an agreement to sell producing oil and gas assets in the Deep Basin area of western Alberta and British Columbia, Canada, for $374 million. Incremental to Apache’s earlier $2 billion share re-purchase announcement, the company plans to use the proceeds of this transaction to buy back Apache common […]
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Apache Corporation today announced that Dave Gilbronson and Mark Bright will lead Apache’s oil and gas marketing organization, which will be divided along geographic lines. Gilbronson has been appointed to vice president of international marketing and Bright to vice president of North America marketing. Gilbronson, director of risk management since 2009, joined Apache in […]
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Apache Corporation and Sinopec International Petroleum Exploration and Production Corporation today announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects. As the first step in this partnership, Apache will receive $3.1 billion in cash, subject to customary closing adjustments, in exchange for Sinopec gaining a 33 percent minority […]
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Apache Corporation today announced that Dave Gilbronson and Mark Bright will lead Apache’s oil and gas marketing organization, which will be divided along geographic lines. Gilbronson has been appointed to vice president of international marketing and Bright to vice president of North America marketing. Gilbronson, director of risk management since 2009, joined Apache in […]
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Oil and gas company Apache Corporation has appointed a new managing director of its subsidiary, Apache North Sea, on March 31, 2017. Apache’s spokesperson told Offshore Energy Today on Monday that the company named Jon A. Graham as the North Sea region vice president and the managing director of Apache North Sea, succeeding Cory L. Loegering. “After two […]
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Apache Corporation (NYSE, Nasdaq: APA) today announced that a subsidiary has completed its acquisition of BP’s oil and gas operations, acreage and infrastructure in Egypt’s Western Desert. The transaction marks the final step in Apache’s previously announced three-part acquisition of BP assets. Apache’s subsidiary paid $650 million to acquire four development leases and one exploration […]
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In a slew of third-quarter reports by oil majors this week, informing on profits and revenues drops, a breath of fresh air/oil? has just come from the North Sea. Namely Apache Corporation on Friday said it made “significant discoveries” on two exploration wells in the Beryl area of the U.K. North Sea, at the K […]
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The Board of Directors of Apache Corporation has authorized repurchasing an additional 10 million Apache common shares, supplementing the 30-million-share authorization announced in May 2013. Apache has purchased 24.3 million shares for approximately $2.1 billion under the prior authorization. “Apache’s portfolio has been rebalanced for predictable and profitable growth driven by our oil- and liquids-rich […]
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Reflecting its expanding worldwide operations, Apache Corporation has promoted executives to lead new growth initiatives. Since 2010, Apache has completed more than $16 billion in acquisitions across its global portfolio. In addition, Chevron recently joined the Kitimat LNG project — a move that is expected to help Apache monetize two of the largest natural gas […]
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Apache Corporation announced several changes to its executive organization: Roger Plank, president and chief corporate officer, has elected to retire from Apache. Alfonso Leon, senior vice president and chief of staff, has been appointed executive vice president and chief financial officer, reporting to G. Steven Farris, chairman, chief executive officer and president. Leon will lead […]
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G. Steven Farris, 66, chairman, president and chief executive officer of Apache Corporation revealed his retirement effective January 20, 2015.
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Apache Corporation today announced a reorganization of the company’s operating regions and key leadership changes. John J. Christmann, IV, Apache’s chief executive officer and president said: “Today’s announcement marks the formation of our operational leadership team and a reorganization that will position Apache for continued success. These changes represent a significant step toward streamlining our operations […]
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Apache Corporation announced that it has completed its merger with Mariner Energy . The merger closed following its approval by Mariner’s stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million in cash to Mariner stockholders. Apache also assumed Mariner’s debt with current fair […]
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Apache Corporation said today that accelerating worldwide drilling activity fueled record second-quarter 2012 production of 774,000 barrels of oil equivalent (boe) per day. Apache’s second-quarter earnings totaled $337 million, reflecting the impact of a $480 million non-cash, after-tax reduction in the carrying value of its oil and gas properties in Canada stemming from lower North […]
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Apache Corporation today reported net income of $765 million , up 74 percent from $441 million in the prior-year period. Apache earned $2.12 per diluted common share in the third quarter compared with $1.30 per share in the year-earlier quarter. Worldwide production increased 10 percent from the year-earlier quarter to 667,460 barrels of oil equivalent […]
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Apache Corporation today reported that production set a new annual record, averaging nearly 658,000 barrels of oil equivalent per day for the 12-month period ending Dec. 31, 2010, up 13 percent from the prior year. Liquids production increased 18 percent, and this, combined with higher oil prices, drove Apache to record earnings of $3.0 […]
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Apache Corporation today reported that production set a new annual record, averaging nearly 658,000 barrels of oil equivalent per day for the 12-month period ending Dec. 31, 2010, up 13 percent from the prior year. Liquids production increased 18 percent, and this, combined with higher oil prices, drove Apache to record earnings of $3.0 […]
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Apache Corporation announced it was the high bidder on 90 shelf and deep water blocks in the Central Gulf of Mexico offshore lease sale held by the Bureau of Ocean Energy Management (BOEM) in New Orleans. Of the 56 companies submitting bids for Gulf of Mexico acreage, Apache Corp. was ranked No. 1 overall for […]
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Apache Corporation has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Woodside Petroleum Limited for a purchase price of $2.75 billion. Apache will also be reimbursed for its net expenditure in the Wheatstone and Kitimat LNG projects between June 30, […]
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Apache Corporation and Sinopec International Petroleum Exploration and Production Corporation today announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects. As the first step in this partnership, Apache will receive $3.1 billion in cash, subject to customary closing adjustments, in exchange for Sinopec gaining a 33 percent minority […]
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Apache Corporation has announced an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. for cash payment of $2.1 billion. According to Apache, the transaction is expected to close mid-year 2015 and is subject to necessary government […]
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U.S. energy firm Apache Corp. (APA) has agreed to acquire Texas-based oil and natural gas explorer Mariner Energy Inc. (ME) for about $4 billion in stock, cash and debt. The transaction, which is subject to regulatory and Mariner shareholder approvals, is expected to close in the third quarter of 2010. As per the deal, Mariner […]
