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APA Corporation Provides First-Quarter Supplemental Information and Schedules Results ...
Apache CorporationApril 15, 2021 GMT
HOUSTON, April 15, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain first-quarter 2021 financial and operational results.
Supplemental quarterly information
Estimated Average Realized Prices – 1Q21
$148 million
$26 million
$19-23 million
$54 million
First-quarter 2021 production guidance update
APA is providing the following adjustments to its expected production for the first-quarter 2021: Total Adjusted Production guidance remains 324 Mboe/d, which reflects an increase in U.S. volumes to 208 Mboe/d from previous guidance of 204 Mboe/d. Roughly half of this increase is attributable to oil volumes. Partially offsetting higher U.S. volumes, International adjusted production for the first-quarter 2021 is estimated at 116 Mboe/d, compared to 120 Mboe/d in the prior guidance, which is a result of production sharing contract affects associated with higher realized oil prices in Egypt and extended maintenance downtime in the North Sea.