Apache’s Production Declines Continue During Q3 on Lower Capital Spending; Balance Sheet Solid
Apache's third-quarter results were highlighted by impressive well results across the company's Permian position and continued balance sheet strength. Third-quarter pro forma volumes, which exclude divested assets and certain Egypt production, came in at 438 thousand barrels of oil equivalent per day, down 5% sequentially and 10% year over year. In North America, Permian volumes proved resilient, down 4% sequentially and 6% year over year, while the midcontinent/Gulf Coast and Canada regions wer...Apache is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company had exploration and production operations in United States, Egypt, and offshore United Kingdom in the North Sea. The company also has exploration interests in Suriname. The company markets its United States crude oil production to main oil companies, marketing, and transportation companies, and refiners based on a West Texas Intermediate price or other regional pricing indices. The company has two international regions: The Egypt includes onshore conventional assets in Egypt's Western Desert. The North Sea region includes offshore assets based in United Kingdom.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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