Apache

4Q2019 Earnings: Apache Exits Alpine High as Low Natural Gas Prices, Lack of Infrastructure Take Toll

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.

February 27, 2020

Discovery Offshore Suriname Extends South American Oil, Natural Gas Potential

A “significant” oil and natural gas discovery in South America offshore Suriname has uncorked at least seven distinct plays, joint owners Apache Corp. and Total SA said Tuesday.

January 8, 2020
Presidio Fortifies Anadarko Basin Holdings with Apache Assets

Presidio Fortifies Anadarko Basin Holdings with Apache Assets

Presidio Investment Holdings LLC, a portfolio company of Morgan Stanley Energy Partners, has acquired Apache Corp.’s oil and natural gas producing properties that were within the Anadarko Basin of Texas, Oklahoma, and Kansas.

July 30, 2019
Apache Keeping Capex in Check but Eyeing Higher Permian Growth Later in Year

Apache Keeping Capex in Check but Eyeing Higher Permian Growth Later in Year

Apache Corp., which is working to balance its ample natural gas production in the Permian Basin with more oil and liquids, hit a record 248,000 boe/d in the West Texas-New Mexico play during the first quarter, 36% higher year/year and up 5% sequentially.

May 2, 2019
Apache Defers Alpine High Natural Gas Production on Poor Permian Prices

Apache Defers Alpine High Natural Gas Production on Poor Permian Prices

Apache Corp. on Tuesday said it initiated natural gas production volume deferrals in late March from its Alpine High play in the Permian Basin of West Texas, in response to “extremely low prices at Waha hub,” with current deferrals representing 250 MMcf/d of gross output.

April 23, 2019
Apache Developing Permian Well Beyond Alpine High

Apache Developing Permian Well Beyond Alpine High

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.

March 4, 2019
Apache’s Two-Prong Permian Strategy on Alpine High Natural Gas, Delaware/Midland Oil

Apache’s Two-Prong Permian Strategy on Alpine High Natural Gas, Delaware/Midland Oil

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.

March 1, 2019

Apache Looking to U.S. Assets to Propel ’19 Volumes, Even with 23% Cut to Spending

Apache Corp. is reducing its 2019 capital spending plans by 23% year/year, but it still is guiding U.S. natural gas and oil production to increase by 8%, the Houston independent said.

February 8, 2019

People

Clay Bretches has been appointed CEO of Permian Basin pure-play Altus Midstream Co., formed in 2018 by Apache Corp. and Kayne Anderson Corp. Bretches also will serve as Apache senior vice president (SVP) of U.S. midstream operations. Brian Freed, who has been Altus CEO since its inception, will continue as Apache SVP, midstream and marketing. Bretches previously was CEO of Sendero Midstream and served in various leadership roles at Anadarko Petroleum Corp. He holds a bachelor of science degree in petroleum engineering from Texas A&M University and a master’s degree in business from The University of Texas at Austin.

January 11, 2019
Apache Raises Full-Year Guidance as Alpine High Again Outperforms

Apache Raises Full-Year Guidance as Alpine High Again Outperforms

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.

November 2, 2018
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