Apache Corporation Provides Third-Quarter Supplemental Information and Schedules Results Conference Call for Nov. 5, 2020, at...
October 14 2020 - 4:54PM
Apache Corporation (Nasdaq: APA) today provided supplemental
information regarding certain third-quarter 2020 financial and
operational results.
Supplemental quarterly informationTo further
assist analysts with their third-quarter earnings models, the
company is providing the following estimates:
Estimated Average Realized Prices – 3Q20 |
|
|
Oil (bbl) |
NGL (bbl) |
Natural Gas (Mcf) |
|
United States |
$40.00 |
$13.00 |
$1.40 |
|
International |
$42.00 |
$27.00 |
$2.80 |
|
|
|
|
|
|
Egypt tax barrels: |
12-15 MBoe/d |
|
Realized loss on commodity derivatives (before
tax): |
$83 million |
|
Unrealized loss on commodity derivatives (before
tax) |
$91 million |
|
Dry hole costs (before tax): |
$5-10 million |
|
Third-quarter
2020 earnings callApache
Corporation will host its third-quarter 2020 results conference
call on Thursday, Nov. 5, 2020, at 10 a.m. Central time. The
company will issue its earnings release after the market close on
Wednesday, Nov. 4. 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 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, Nov.
5. To access the telephone playback, dial (855) 859-2056 or (404)
537-3406 for international calls. The conference access code is
3082947.
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 press releases on its
website, www.apachecorp.com. Specific information concerning
Suriname, ESG performance and other investor-related topics are
posted at investor.apachecorp.com.
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,” “prospects,” “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 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.
Contacts |
Investor: |
(281) 302-2286 |
Gary Clark |
Media: |
(713) 296-7276 |
Phil West |
Website: |
www.apachecorp.com |
|
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