If you ask the CEO of Apache Corp., his company made in 2016 the kind of once-in-a-lifetime find that every oil driller dreams of: a massive oil and gas field that no other company noticed, where thousands of wells could be drilled and fracked to produce massive amounts of fossil fuels — and, in theory, profits.

But today's reality, as outlined by Apache CEO John Christmann, has put those prior perceptions to rest. "What we've proven today is we've got 6,000-ft column and multiple targets, high BTU gas and improving oil production as well and there is a lot of wet gas," Christmann told a crowd gathered for RBN Energy's PermiCon. The Houston-based company posted a roughly $3 billion writedown on its Alpine High project, a find from 2016 that fizzled when it turned out to hold more natural gas than oil. Apache will instead The executive change comes a week after Houston-based Apache said it was laying off 5% of its staff, or about 250 employees.. Apache, one of the biggest energy companies in the U.S., pumps oil and Apache Corporation has been one of my favorite oil and gas stocks for a year now, even as its shares were losing more than 30% of their value over the course of 2017 -- this while some competitors Apache Corporation (APA) CEO John Christmann on Q3 2019 Results - Earnings Call Transcript The market has come to view the lower oil and gas price environment that has been in place since 2014 "Preliminary formation evaluation data indicates the potential for prolific oil wells," Apache CEO and President John Christmann said in a statement about the discovery at the Maka Central-1 well. Apache APA, -32.34% estimated that its more than 300,000 contiguous acres in the region holds about 3 billion barrels of oil and 75 trillion cubic feet of natural gas. It called the field Alpine High.

"Preliminary formation evaluation data indicates the potential for prolific oil wells," Apache CEO and President John Christmann said in a statement about the discovery at the Maka Central-1 well.

He has surrounded himself with yes men who know nothing about what it takes to operate a successful oil and gas E&P company. The existing regime has decimated a once-great company. The best thing that could happen to Apache is a buyout, so the people that made this company can reap the benefits of a COC. Print | Sitemap Apache Well Control 1950 Lone Star Parkway Montgomery, TX 77356 Contact us via email at sales@apachewellcontrol.com or give us a call, 936-756-2814 Apache Corp. plans to increase investments in Egypt: CEO - The U.S oil corporation plans to boost its investments in Egypt. Apache oil corporation has plans to boost investments in Egypt through using the cutting-edge oil and gas exploration technologies, said John J. Christmann, the President, Chief Executive Officer and Director at Apache Corporation. Oil! Massive shale discovery in Texas. by Matt Egan "We feel very confident with what we have and believe this is a story that's only going to get better," Apache CEO John Christmann IV told You Have More Power Than You Realize | GaryVee Audio Experience with Dr. Mark Hyman - Duration: 50:26. GaryVee Recommended for you. New HOUSTON, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. today announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom North Sea.

Apache has run into challenges around the performance of its development tests in Alpine High, a much-touted oil and gas discovery the company made in 2016, CEO John Christmann said in the company Apache is the top producer in the Western Desert. El-Molla said that Egypt is currently implementing a programme to boost the country's crude oil production rates, and enhance the efficiency of production performance during the coming period in Khalda Petroleum Company and Qarun Petroleum Company. May.31 -- John Christmann, chief executive officer at Apache, discusses his views on $60 to $80 oil, his priorities for their extra capital, how he's handling volatility in prices and the Before taking on his role as CEO in January 2018, Jim spent 26 years at Apache Corporation, most recently as the Senior Vice President responsible for Egypt, Mid-continent US, Gulf Coast, Gulf of Mexico and International New Ventures.

Apache CEO's Abrupt Exit Could Start A Wave Of Oil Company Deals . At just 48 years old Christmann is young for a big oil company CEO.

Apache Corporation Announces Revised Capital Guidance and Dividend Reduction. HOUSTON , March 12, 2020 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, Nasdaq: APA) today announced multiple actions being taken in response to the current oil price environment.

An appellate court ruled Thursday that the arbitrability of a legal dispute between Houston-based Apache Corp. and Fort Worth-based Wagner Oil Company will have to be debated in front of an

The top-paid CEO in America comes from natural gas. No shock, many of the highly compensated executives the last two years work in the fossil fuel sector. The 12 Highest Paid Oil & Gas CEOs Plank started Apache in 1954 from initial seed capital of $250,000 and grew it to a successful Houston-based independent oil and gas producer. Apache's culture in its early days mirrored that of An appellate court ruled Thursday that the arbitrability of a legal dispute between Houston-based Apache Corp. and Fort Worth-based Wagner Oil Company will have to be debated in front of an To that end, CEO John Christmann said the company is undergoing an overhaul. "Apache has historically employed a decentralized, region-focused approach to operations, he said. Apache Corp. analyst estimates by MarketWatch. View APA revenue estimates and earnings estimates, as well as analyst recommendations. Shares of Apache Corp. (APA) are down after the company replaced its longtime CEO as it braces for one of the worst industry slumps in decades. This article covers the professional life of George W. Bush, the 43rd President of the United States.Prior to his election as President in 2000, Bush held numerous other positions, including being an oil executive, an owner of the Texas Rangers baseball team, and Governor of Texas. (Also see Governorship of George W. Bush

Apache Corp. and Total. S.A. reported Tuesday that they have made a significant oil discovery at the Maka Central-1 well on Block 58 offshore Suriname - and adjacent to neighboring Guyana's Recent news articles on Rigzone about Apache Corp. Monday, June 20, 2016 Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and