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Apache Details Fourth Quarter 2013 Operations

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January 16, 2014

Apache Corp. (NYSE: APA) detailed its fourth quarter 2013 operations on Jan. 16, noting that severe winter weather led to power outages at third party-owned infrastructure. This affected the company’s Permian Basin and central U.S. oil and gas production, Apache said. “Widespread” outages rolled across West Texas and New Mexico throughout November and December, and icy roads delayed operations resumption, the company said. In the Texas panhandle and in western Oklahoma, drilling activity was scaled back as part of capital discipline, the company added.

As a result, the quarter’s production ...

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