Natural Gas-Rich Alpine High Development Restarts, as APA ‘Tucks In’ Permian Delaware Buy

Houston super independent APA Corp., whose U.S. operations are focused in the Permian Basin, is taking a cue from higher natural gas and liquids prices to restart development in its almighty Alpine High portfolio.

The executive team, led by CEO John J. Christmann IV, shared second quarter results in a recent conference call. The team also laid out the highs during the period – as in Alpine – and explained the lows – led by high fuel costs and well delays. 

“APA delivered strong second quarter results on a number of fronts,” Christmann said. “Our diversified, unhedged portfolio benefited from high prices across all three product streams and we managed our largest spending categories very well, despite an overall challenging supply chain and cost environment.”