Archive for the ‘Apache Corp’ Category
Apache trims upstream capital budget for 2019
February 8th, 2019 by Latest News
Houston independent Apache Corp. reduced its preliminary upstream capital budget for 2019 by 20% but expects full-year total adjusted production to trend to the midpoint of the projected 410,000-440,000 boe/d target—a 3% reduction from previous estimat…
Houston independent Apache Corp. reported the start of production from its Garten development on Block 9/18a Area-W in the UK North Sea. The discovery well, 6 km south of the Beryl Alpha platform, was placed on production in late November, less than 8 …
Neptune Energy Group has agreed to acquire from Apache North Sea Ltd. (ANSL), a subsidiary of Apache Corp., Houston, certain development and exploration assets in the UK Central North Sea. The purchase price was undisclosed.
Apache, KAAC to form $3.5-billion pure-play Permian midstream C-corp
August 9th, 2018 by Latest News
Apache Corp. will contribute its midstream assets at Alpine High to Altus Midstream LP, a partnership jointly owned by Apache and Kayne Anderson Acquisition. At closing, KAAC will be renamed Altus Midstream Co., a C-corporation anchored by substantiall…
Kinder Morgan, EagleClaw, Apache propose development of Permian Highway line
June 26th, 2018 by Latest News
Kinder Morgan Inc. subsidiary KMI Kinder Morgan Texas Pipeline LLC (KMTP), EagleClaw Midstream Ventures LLC, a portfolio company of Blackstone Energy Partners, and Apache Corp. have signed a letter of intent for the development of the proposed Permian …
Apache Corp., Houston, has let a contract to Saulsbury Industries, Odessa, Tex., to build three 200-MMcfd cryogenic processing plants at Apache’s Diamond processing site in the Permian basin of southern Reeves County, Tex.
Pursell due Apache reservoir engineering role
April 23rd, 2018 by Latest News
Dave Pursell, senior vice-president, planning and market fundamentals at Apache Corp., will assume responsibility for the corporate reservoir engineering department after the retirement Aug. 1 of Kregg Olson, executive vice-president, corporate reservo…
Apache Corp., Houston, reported making an oil discovery on Block 9/18a Area-W in the UK North Sea. The Garten discovery well lies 6 km south of the Beryl Alpha platform.
The cost to reduce methane emissions from natural gas systems is nearly five times greater than previous estimates suggest, according to a study commissioned by ONE Future, a coalition of six US gas industry firms.
IHS: Gloomy oil price outlook means more US, Canada E&P asset impairments likely
September 28th, 2015 by Latest News
An elevated level of asset impairments during the first two quarters, coupled with a bleak crude oil price outlook, has put 2015 on track to experience the highest exploration and production asset impairments in a decade.