Apache Provides First-Quarter 2019 Supplemental Information; Schedules First-Quarter 2019 Results Conference Call May 2 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:
Egypt tax barrels: | 28,000 to 30,000 BOE per day |
Realized gain on oil and gas price derivatives (before tax): | $15 million |
Unrealized loss on oil and gas price derivatives (before tax): | $39 million |
Dry hole costs (before tax): | $10 to $15 million |
First-quarter 2019 earnings call
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. See "Risk Factors" in our 2018 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. A number of factors could cause actual results to differ materially from the expectations presented. None of the information contained in this news release has been audited by any independent auditor. Apache may elect to modify the format or discontinue publication at any time, without notice to securities analysts or investors. Unless legally required, Apache assumes no duty to update any forward-looking statement as of any future date.
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Website: www.apachecorp.com
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Source: Apache Corporation