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FILE - In this this file photo released on May 4, 2015, on a militant website, which has been verified and is consistent with other AP reporting, Islamic State militants pass by a convoy in Tel Abyad, northeast Syria. The Islamic State rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria, part of a well-run oil industry that U.S. diplomacy and airstrikes have so far failed to shut down, according to Iraqi intelligence and U.S. officials.(Militant website via AP, File)

Islamic State commander linked to slaying of Apache worker in Egypt has been killed

Aly Ashraf Hassanein al Gharabli ran operations for an ISIS-linked militant group that claimed responsibility last year for murdering William Henderson.
Poly-lines carry gas from an oil production well pumping unit at the Newfield Exploration Company's Monument Butte field in northern Utah. (Steve Campbell/Chronicle Staff)

Newfield appoints two veteran industry executives to its board

The appointments come as Newfield seeks to grow its domestic resource plays, the company said.
Categories: Exploration, Production

Apache takes big writedown, report loss for the quarter

Apache Corp. reported a $4.7 billion writedown because of falling oil and natural gas prices, leading the company to declare a $4.65 billion net loss for the first quarter.
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

As costs fall, companies may start completing wells again

Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.
(Apache Corp.)

Apache has pumped almost 1 million barrels of oil from its Egypt fields since November

Apache has already spent $14 million to install production facilities at two fields in Egypt’s Western Desert.
apache corp. irion wolfcamp barnhart

Moody’s: North American oil companies cut capital spending 41 percent in 2015

North American exploration and production companies have collectively cut their capital budgets this year by 41 percent, according to a new analysis published Tuesday by Moody’s Investors Service.
A heavy duty jack-up rig drills over the Forties Echo platform (Apache Corp.)

Supply vessel hits Apache platform; company says no injuries or spills

Apache said the platform has been shut down but there hasn’t been any leak of oil or gas. It’s unclear when production will resume.
apache corp. irion wolfcamp barnhart

Protesters target Apache over Argentine drilling

Apache called the claims “without merit.”
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Apache reports $4.8 billion loss

Exploration and production company Apache Corp. reported a $4.8 billion loss in the fourth quarter and said it would slow its production activity in the face of falling oil prices.
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache CEO Farris retires

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