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APA Corporation Provides Second-Quarter Supplemental Information and Schedules Results ...
APA CorporationJuly 19, 2021 GMT
HOUSTON, July 19, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain second-quarter 2021 financial and operational results.
Supplemental quarterly information
Estimated Average Realized Prices – 2Q21
$48 million
$7-11 million
APA is providing the following adjustments to its expected production for the second-quarter 2021:
Total Adjusted Production guidance increases to 342 Mboe/d, which reflects an increase in U.S. volumes to 241 Mboe/d from previous guidance of 230 Mboe/d, driven primarily by well performance in the Midland Basin and at Alpine High. Nearly half of this increase is attributable to oil volumes. Partially offsetting higher U.S. volumes, International adjusted production for the second-quarter 2021 is estimated at 101 Mboe/d, compared to 110 Mboe/d in the prior guidance, which is attributable to production sharing contract effects associated with higher realized oil prices in Egypt and extended maintenance downtime in the North Sea, including delays with third-party infrastructure returning online.