GO
Loading...

Apache Corp

More

  • Jan 28- Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. The company said it could defer spending of up to C $700 million, mainly by suspending a bulk of its conventional drilling in southern Alberta and Saskatchewan and delaying long-term oil sands expansion and new...

  • Apache Corp., Baker Hughes and Schlumberger have begun laying off employees in response to the oil price crash in the past six months, The Tulsa World reported Saturday. Apache's job cuts will likely impact several hundred employees of the Houston- based oil and gas producer, which is one of the nation's bigger independent firms. But she would not specify how many...

  • Jan 2- Linn Energy LLC cut its 2015 capital budget by 53 percent to $730 million, joining other oil and gas producers in reducing expenditure in response to falling oil prices. Linn Energy shares were up about 16.6 percent at $11.81 in afternoon trading on Friday, after having fallen nearly 12 percent in premarket trading. Linn Energy also said GSO Capital...

  • Best-known is Continental Resources, which lifted its hedges in early November, when oil was trading at around $83 a barrel, leaving it unprotected as prices slipped another $20, the most dramatic drop since the 2008 crisis. Apache Corp and Whiting Petroleum are also exposed to lower prices and have underperformed some peers over the past two weeks.

  • Dec 10- Goodrich Petroleum Corp and Oasis Petroleum Inc said they expect to spend much less on exploration and production next year, joining a list of U.S. oil and gas companies cutting capital spending as oil prices plunge. Several large oil producers, including ConocoPhillips and Apache Corp, have set lower capital spending budgets for 2015, rattled by a near...

  • Dec 10- Goodrich Petroleum Corp said it would explore strategic options for all or a part of its Eagle Ford shale assets in South Texas to boost liquidity, as oil prices fall. Several oil producers, including ConocoPhillips, Apache Corp and Halcon Resources have set lower budgets for 2015 due to a near 40 percent drop in global crude prices. Goodrich, which also has...

  • Lightning Round: Connections to oil? Monday, 8 Dec 2014 | 7:24 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Midday movers: Starbucks, Google, Yahoo & more Friday, 5 Dec 2014 | 12:30 PM ET

    Some of Friday's midday movers:

  • WILLISTON, N.D./ HOUSTON, Dec 5- U.S. energy firms are swiftly shifting drilling rigs away from less productive areas and hunkering down in sweet spots of North Dakota and Texas shale oil fields as they try to lift output and cut costs in response to the toughest crude market in years. Rig deployments or applications for new well permits fell by half in recent months...

  • Midday movers: Biogen Idec, Priceline, BP & more Tuesday, 2 Dec 2014 | 12:43 PM ET

    Some of Tuesday's midday movers

  • HOUSTON, Nov 21- Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill. Several smaller operators in the Permian Basin of Texas, including RSP Permian Inc, Laredo Petroleum Inc and Callon Petroleum Co, are telling investors there is more than meets...

  • Nov 20- Apache Corp slashed its capital budget for North America by a third as a sharp decline in oil prices over the past few months makes drilling less lucrative. A handful of companies, including Continental Resources Inc and Denbury Resources Inc have already cut spending plans and others are expected to follow suit. Apache said it expects to spend $4 billion...

  • Apache Corp to sell oil and gas assets for $1.4 bln Thursday, 20 Nov 2014 | 8:16 AM ET

    Nov 20- Apache Corp said it would sell oil and gas assets in southern Louisiana and the Anadarko Basin, spanning western Oklahoma and the Texas panhandle, for about $1.4 billion in two separate deals.

  • NEW YORK, Nov 14- Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. The Baker Hughes/ Halliburton talks have stalled after the companies weren't able to agree on issues including...

  • Cramer Remix: Stocks with years of upside Monday, 10 Nov 2014 | 7:07 PM ET

    Long-term themes are driving growth in these companies for years to come, says "Mad Money" host Jim Cramer.

  • Jobs data, ECB could push stocks higher Wednesday, 5 Nov 2014 | 6:44 PM ET
    Production at Mobern Lighting Co., in Jessup, Maryland.

    Stocks could continue to tilt higher, as traders focus on U.S. jobless claims data and productivity and labor costs ahead of the Oct. jobs report.

  • Stock market up, but there's underlying weakness Thursday, 30 Oct 2014 | 1:22 PM ET
    Traders work the floor of the New York Stock Exchange.

    Stocks are up despite weak market internals. Much of the Dow's gain is due to Visa and utilities are leading the S&P 500.

  • Cramer: Time to shop the drop Wednesday, 22 Oct 2014 | 6:18 PM ET

    As the market dropped on Wednesday, Jim Cramer thinks this could be an entry point opportunity to buy stocks for those who missed the market bottom.

  • Despite washout, hedge funds not bailing on energy Wednesday, 15 Oct 2014 | 3:50 PM ET
    Manual shutdown equipment at an Anadarko Petroleum oil rig in Fort Lupton, Colorado, Aug. 12, 2014.

    None of the major hedge funds that owned the battered U.S. energy stocks indicated having sold them

  • Traders try to pick bottoms in down stock market Wednesday, 15 Oct 2014 | 3:38 PM ET
    Traders on the floor of the New York Stock Exchange.

    It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.