Group 1 - The price performance of small to mid-cap Upstream Exploration & Production (E&P) companies has been significantly poor over the last 8-9 months, described as dreadful or calamitous [1] - The Daily Drilling Report provides investment analysis for the oil and gas industry, featuring a model portfolio that covers all segments of upstream oilfield activity, including weekly updates and technical analysis to identify catalysts [1] Group 2 - Fluidsdoc is an international oil industry veteran with 40 years of experience, specializing in the upstream oil sector and having worked in over twenty countries [2]

It has been about a month since the last earnings report for APA (APA) . Shares have added about 3.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is APA due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, estimat ...

The most recent trading session ended with APA (APA) standing at $20.84, reflecting a +1.12% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.77%. Elsewhere, the Dow saw an upswing of 1.42%, while the tech-heavy Nasdaq appreciated by 2.28%.Shares of the oil and natural gas producer have depreciated by 9.57% over the course of the past month, underperforming the Oils-Energy sector's gain of 0.43% and the S&P 500's loss of 5.73%.Market participants ...

APA Corporation (APA) has joined the wave of oil and energy companies cutting jobs to rationalize operations and maintain competitiveness. It recently reduced its workforce by 10-15%, affecting around 300 employees globally. These cuts align with the company’s broader strategy to lower costs and sustain long-term profitability in an evolving energy landscape.Why the Job Cuts?APA has long been looking for cost-cut measures targeting $350 million in annualized savings by 2027 to drive efficiency. Its revenues ...

Core Insights - APA Corporation, in partnership with Lagniappe Alaska, LLC and Oil Search (Alaska), LLC, announced preliminary results from the Sockeye-2 exploratory well, indicating significant potential in the North Slope region [1][4]. Group 1: Joint Venture and Exploration - The North Slope project is a joint venture where APA Corporation holds a 50% working interest, while Lagniappe Alaska, LLC and Santos each hold 25% [2]. - The joint venture began its exploration campaign in 2023 but faced challenges in meeting drilling objectives, leading to a renewed effort in 2024 with plans for three exploratory wells, including King Street-1, which resulted in a new field discovery [3]. Group 2: Sockeye-2 Well Results - The Sockeye-2 well, drilled to a depth of 10,500 feet, encountered a high-quality reservoir with approximately 25 feet of net oil pay in a Paleocene-aged sand formation, with an average porosity of 20% [5]. - The success of Sockeye-2 validates the partnership's geological models and confirms a working hydrocarbon system, de-risking additional prospects in the area [6]. Group 3: Future Steps and Commercial Viability - Following wireline logging, the next steps include flow testing to confirm permeability and reservoir performance, which are critical for assessing the well's commercial viability [7]. - The partnership remains optimistic about the potential of the Sockeye-2 play and plans to provide further updates as evaluations progress [7].

HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- APA Corporation ((NYSE, NASDAQ:APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary results of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25%. The Sockeye-2 well was drilled to a depth of approximately 10,500 feet and successfully encountered a high-quality reservoir with approximately 25 f ...

HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- APA Corporation (NYSE, Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary results of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25%. The Sockeye-2 well was drilled to a depth of approximately 10,500 feet and successfully encountered a high-quality reservoir with approximately 25 f ...

For the quarter ended December 2024, APA (APA) reported revenue of $2.5 billion, up 32.2% over the same period last year. EPS came in at $0.79, compared to $1.15 in the year-ago quarter.The reported revenue represents a surprise of +9.98% over the Zacks Consensus Estimate of $2.27 billion. With the consensus EPS estimate being $0.97, the EPS surprise was -18.56%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next m ...

Group 1 - APA Corporation is a diversified oil and gas producer operating both domestically and internationally [1] - The company was last covered in January 2024 following the Callon acquisition, indicating ongoing strategic developments [1] - The author has a professional background in the Nuclear Power industry, which aids in evaluating potential equities for long-term investment [1] Group 2 - The article serves as a platform for presenting the underlying fundamentals and long-term potential of each equity/business [1]

The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S. tariffs have become a topic once again.According to data provided by S&P Global Market Intelligence, Marathon Petroleum (MPC -0.01%) fell as much as 8.8% this week and is down 8.2% at 3:00 p.m. ET, Diamondback Energy (FANG 0.15%) dropped 12.2% but is now down 10.9%, and APA Corporation (APA 0.48%) lost 9.8% of its valu ...