Apache Reveals 3Q:20 Supplemental Information

Instant Max AI

(Apache, 14.Oct.2020) — Apache Corporation provided supplemental information regarding certain third-quarter 2020 financial and operational results.

Supplemental quarterly information

To further assist analysts with their third-quarter earnings models, the company is providing the following estimates:

Estimated Average Realized Prices – 3Q20 
 Oil (bbl)NGL (bbl)Natural Gas (Mcf) 
United States$40.00$13.00$1.40 
International$42.00$27.00$2.80 
     
Egypt tax barrels: 12-15 MBoe/d 
Realized loss on commodity derivatives (before tax):$83 million 
Unrealized loss on commodity derivatives (before tax)$91 million 
Dry hole costs (before tax):$5-10 million 
   

Third-quarter 2020 earnings call

Apache Corporation will host its third-quarter 2020 results conference call on Thursday, Nov. 5, 2020, at 10 a.m. Central time. The company will issue its earnings release after the market close on Wednesday, Nov. 4. The full text of the release will be available on the company’s website at www.apachecorp.com.

The conference call will be webcast from Apache’s website at investor.apachecorp.com, and the webcast replay will be archived there as well. The conference call will also be available for playback by telephone for one week beginning at approximately 4 p.m. Central time, Nov. 5. To access the telephone playback, dial (855) 859-2056 or (404) 537-3406 for international calls. The conference access code is 3082947.

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