- Apache (APA) says downtime caused by severe winter storms and outages at third-party owned infrastructure adversely affected Q4 oil and gas production from its Permian Basin and Central Region operations.
- APA anticipates Q4 asset sale volumes will reflect a ~134K boe/day reduction in total production volumes from Q3 when adjusting for amounts attributable to the sale of interests in Egypt oil and gas operations.
- Shares -0.4% premarket.
Apache says Q4 results to be hit by severe weather, asset sales
Jan 16 2014, 09:02 ET