The Alpine High in West Texas, where Apache Corp. threw its chips into making the No. 1 prospect in its portfolio, has crashed on low natural gas and liquids prices, forcing the Houston independent to walk away.
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Assets across the Lower 48 continued to drive production growth for ConocoPhillips in the third quarter, with output from the global producer’s “Big 3” unconventionals leading the way.
With the Alpine High natural gas program basically on autopilot, Apache Corp. is bearing down on developing more liquids and oily resources across the Permian Basin, CEO John Christmann said Thursday.
Apache Corp. has raised its full-year production guidance following a solid performance in the third quarter, propelled yet again by Alpine High development in the Permian Basin, where natural gas volumes climbed 86% from a year ago.
An Apache Corp. subsidiary and ARM Energy Holdings LLC said Monday that Salt Creek Midstream LLC is developing a 445,000 b/d natural gas liquids (NGL) header system in West Texas to serve growing production in the Permian Basin’s Delaware formation.
The United States added three rigs for the week ended Friday, helped by gains in Oklahoma and in the Marcellus Shale, according to data from Baker Hughes Inc. (BHI).
Midstream infrastructure buildout will determine the near-term success for Apache Corp.’s No. 1 target, the Alpine High in West Texas, CEO John Christmann said Thursday.
Apache Corp.’s U.S. production, led by the Alpine High in the West Texas Permian Basin, is forecast to hit the high end of guidance for the fourth quarter, the super independent said Tuesday.
Apache Corp. said it has secured 500 MMcf/d of transport capacity via the Gulf Coast Express (GCX) pipeline, a $1.7 billion proposed project designed to carry 1.92 Bcf/d from the Permian Basin to the Texas Gulf Coast.
Apache Corp. has mapped out thousands more Alpine High drilling locations in West Texas since unveiling the Permian Basin play a year ago, and while wet gas remains the No. 1 target, dry natural gas and oil targets continue to emerge.