Apache Corporation Provides First-Quarter Supplemental Information and Schedules Results Conference Call for May 7, 2020, at ...
April 20 2020 - 5:10PM
Apache Corporation (NYSE, NASDAQ: APA) today provided supplemental
information regarding certain first-quarter 2020 financial and
operational results.
Supplemental quarterly informationTo further
assist analysts with their first-quarter earnings models, the
company is providing the following estimates:
Average Realized Prices – 1Q20 |
|
Oil (bbl) |
NGL (bbl) |
Natural Gas (Mcf) |
United States |
$46.25 |
$9.60 |
$0.70 |
International |
$50.00 |
$35.00 |
$2.90 |
Egypt tax
barrels: |
|
7-10
MBoe/d |
|
|
|
Realized gain on commodity derivatives (before tax): |
|
Not applicable |
|
|
|
Unrealized gain on commodity derivatives (before tax): |
|
$17 million |
|
|
|
Dry hole costs (before tax) |
|
$25-30 million |
First-quarter 2020 earnings callApache
Corporation will host its first-quarter 2020 results conference
call on Thursday, May 7, 2020, at 10 a.m. Central time. The company
will issue its earnings release after the market close on
Wednesday, May 6. 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 4
p.m. Central time, May 7. To access the telephone playback, dial
(855) 859-2056 or (404) 537-3406 for international calls. The
conference access code is 8586364.
About ApacheApache Corporation is an oil and
gas exploration and production company with operations in the
United States, Egypt and the United Kingdom, and exploration
activities offshore Suriname. 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,” “continues,” “could,” “estimates,” “expects,”
“guidance,” “may,” “might,” “outlook,” “possibly,” “potential,”
“projects,” “should,” “will,” “would,” and similar references to
future periods, but the absence of these words does not mean that a
statement is not forward-looking. 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 monetizations. 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 2019 Form 10-K and
in our quarterly reports on Form 10-Q filed with the Securities and
Exchange Commission (“SEC”) for a discussion of risk factors that
affect our business. Any forward-looking statement made by Apache
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. Apache undertakes 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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