Apache Corporation Provides First-Quarter Supplemental Information and Schedules Results Conference Call for May 7, 2020, at 10 A.M. Central Time
Supplemental quarterly information
To 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) | ||||
International |
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 call
About Apache
Forward-looking statements
This 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
Contacts
Investor: (281) 302-2286
Media: (713) 296-7276 Phil West
Website: www.apachecorp.com
APA-F
Source: Apache Corporation