Tag: Apache Corp.

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.  More »

Apache CEO Farris retires

John Christmann, the company’s executive vice president and chief operating officer for North America, will succeed him.  More »

More Texas drillers slashing spending

Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.  More »

Apache workers face layoffs as oil prices fall

Apache Corp. began lay offs of hundreds of workers across the globe, a company spokeswoman said, becoming the latest energy company to shed jobs as oil prices fall.  More »

Southwestern — unlike peers — plans to boost 2015 spending

Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.  More »

Apache will sell LNG stakes in Australia, Canada for $2.75 billon

Apache Corp. will sell its stakes in liquefied natural gas projects in Australia and Canada for $2.75 billion, marking one of its most significant steps yet toward paring back its portfolio to focus on North American activity.  More »

Goodrich pares spending plans, considers selling Eagle Ford assets

In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand development under better market conditions, the company said in a release Wednesday.  More »

Report: ISIS-affiliated group claims blame for Apache worker’s death

In August, an Apache supervisor was killed during an attempted carjacking while driving on a road in the desert southwest of Cairo, the company said.  More »

Fatal explosion came during maintenance work

The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities.  More »

Feds probe fatal offshore blast

Federal investigators are on the scene of a oil platform in the Gulf of Mexico that exploded on Thursday, killing one person and injuring three others.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Apache to cut North American spending

Apache will cut its North American spending from $5.4 billion to $4 billion, the company told analysts at a presentation in New York, but it said it will be able to spend that money more efficiently.  More »

Apache sells assets in Texas, Oklahoma, Louisiana for $1.4 billion

Apache Corp. has agreed to sell assets in Texas, Oklahoma and Louisiana in two deals worth $1.4 billion, the exploration and production company announced Thursday morning ahead of a presentation to analysts.  More »

Apache optimistic about U.S. shale as profits slip

Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year.  More »

New Mexico audit finds $3 million in uncollected Apache royalties

Land Commissioner Ray Powell says the assessment of Apache Corp.’s production in Lea County turned up royalties going back to January 2009.  More »
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