Apache Corporation Slashes Capital Spending as Natural Gas, NGL Prices Hamper Growth Plans
Attachment: ApachePermian4Q19, ApacheNorthSea4Q19
SUGAR LAND--February 28, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Apache Corporation (NYSE:APA) (Houston, Texas) reported stronger than expected revenues in fourth-quarter 2019, driven by record production for the company in the Permian Basin, but slashed its capital-spending outlook for 2020 by 26% as prices for natural gas and natural gas liquids (NGL) significantly dropped. Industrial Info is tracking more than $830 million in active projects from Apache, about $515 million of which is nearing or under construction.
Within this article: Details on some of the highest-valued projects in the Permian Basin and North Sea from Apache.
