Apache Rides Boom in Permian Basin to Higher Output, Many Expected Project Completions

SUGAR LAND--March 1, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Apache Corporation (NYSE:APA) (Houston, Texas) is notching up its production outlook for 2019, while cutting its capital spending when compared with 2018, following a year in which the company saw an 18% increase in production from the Permian Basin and the creation of a subsidiary to focus on the region. Industrial Info is tracking nearly $1.5 billion in active projects involving Apache, the bulk of which are found in the Permian. Within this article: Details on some of Apache's highest-profile projects, including a natural gas-processing plant and a series of compressor stations under construction in the Permian Basin.