Apache Corporation Provides Third-Quarter Supplemental Information and Schedules Results Conference Call for October 31, 2019...
October 16 2019 - 5:02PM
Apache Corporation (NYSE, NASDAQ: APA) today provided supplemental
information regarding certain third-quarter 2019 financial and
operational results.
Supplemental quarterly informationTo further
assist analysts with their third-quarter earnings models, the
company is providing the following estimates:
Average Realized Prices – 3Q19 |
|
Oil (bbl) |
NGL (bbl) |
Natural Gas (Mcf) |
United States |
$54.70 |
$13.25 |
$0.95 |
International |
$61.75 |
$27.00 |
$2.85 |
|
Egypt tax
barrels: Realized loss on commodity derivatives (before
tax): Unrealized gain on commodity derivatives (before
tax): Dry hole costs (before tax): |
20-23
MBoe/d$16 million$18 million$5-10 million |
Previously deferred Alpine High volumes have been returned to
production, and the company reiterates its third-quarter guidance
of 70-75 thousand barrels of oil equivalent per day from the
field.
Third-quarter 2019 earnings callApache
Corporation will host its third-quarter 2019 results conference
call on Thursday, October 31, 2019, at 10 a.m. Central time. The
company will issue its earnings release after the market close on
Wednesday, October 30. The full text of the release will be
available on the company's website at www.apachecorp.com. The
conference call will be webcast from Apache's website at
www.apachecorp.com and investor.apachecorp.com, and the webcast
replay will be archived there as well. The conference call will
also be available for playback by telephone for one week beginning
at approximately 1 p.m. Central time, October 31. To access the
telephone playback, dial (855) 859-2056 or (404) 537-3406 for
international calls. The conference access code is 8089562
About ApacheApache Corporation is an oil and
gas exploration and production company with operations in the
United States, Egypt and the United Kingdom. Apache posts
announcements, operational updates, investor information and copies
of all press releases on its website, www.apachecorp.com, and on
its Media and Investor Center mobile app.
Forward-looking statementsThis news release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements can be identified
by words such as “anticipates,” “intends,” “plans,” “seeks,”
“believes,” “estimates,” “expects,” “guidance,” “outlook,”
“projects,” “will,” and similar references to future periods. These
statements include, but are not limited to, statements about future
plans, expectations and objectives for Apache’s operations,
including statements about our capital plans, drilling plans,
production expectations, asset sales, and monetization. While
forward-looking statements are based on assumptions and analyses
made by us that we believe to be reasonable under the
circumstances, whether actual results and developments will meet
our expectations and predictions depend on a number of risks and
uncertainties which could cause our actual results, performance,
and financial condition to differ materially from our expectations.
See "Risk Factors" in our 2018 Form 10-K and our quarterly reports
on Form 10-Q filed with the U.S. Securities and Exchange Commission
(“SEC”) for a discussion of risk factors that affect our business.
Any forward-looking statement made by us in this news release
speaks only as of the date on which it is made. Factors or events
that could cause our actual results to differ may emerge from time
to time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
development or otherwise, except as may be required by law.
ContactsInvestor: (281)
302-2286 Gary ClarkMedia:
(713) 296-7276
Phil
West
Website: www.apachecorp.com
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