APA Curtails US Natgas and NGL Production in Second quarter on Weak Prices

`-The U.S. oil and gas producer also completed the sale of its New Mexico assets in June, a deal announced in May.

APA said the transaction reduced its second-quarter U.S. production by about 1,800 barrels of oil equivalent per day, roughly 33% of which was oil.

Net proceeds from the sale, after adjustments and costs, totaled approximately $575 million.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


APA expects second-quarter average realized natural gas prices in the U.S. to be $1 per thousand cubic feet (Mcf) and $4 per Mcf globally.

(Reporting by Sumit Saha in Bengaluru; Editing by Pooja Desai and Mohammed Safi Shamsi)

Share This:


More News Articles

 

  • Related Posts

    Top US Refiners See Profits Soar, Step Up Investor Rewards

    By Nicole Jao Top refiners post combined second-quarter profit of $12.6 billion Capital returns to shareholders hit $6.3 billion in second quarter TD Cowen sees Marathon and Valero each repurchasing…

    BofA to Plow $250 Billion Into Critical Infrastructure Projects

    By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers…

    Have You Seen?

    Montauk Renewables opens $200m US agricultural biogas facility

    • September 22, 2026
    Montauk Renewables opens $200m US agricultural biogas facility

    India’s Oil Import Bill Jumps 48% as Crude Prices Soar

    • September 22, 2026
    India’s Oil Import Bill Jumps 48% as Crude Prices Soar

    Saudi Oil Lifeline May Reopen as Aramco Eyes Yanbu Restart

    • September 22, 2026
    Saudi Oil Lifeline May Reopen as Aramco Eyes Yanbu Restart

    ING: Supply-Side Risks Stay Elevated Even as Oil Prices Pull Back

    • September 22, 2026
    ING: Supply-Side Risks Stay Elevated Even as Oil Prices Pull Back

    North American Helium brings ‘Canada’s largest’ helium field online

    • September 22, 2026
    North American Helium brings ‘Canada’s largest’ helium field online

    Northern Ireland can generate 8TWh of biomethane

    • September 22, 2026
    Northern Ireland can generate 8TWh of biomethane

    USA Diesel Price Surges Again

    • September 22, 2026
    USA Diesel Price Surges Again

    Video | Biogenic CO2: what’s changed since last year?

    • September 22, 2026
    Video | Biogenic CO2: what’s changed since last year?

    Oil Prices Reverse Course as Traders Watch US-Iran Diplomacy

    • September 22, 2026
    Oil Prices Reverse Course as Traders Watch US-Iran Diplomacy

    U.S. Threatens to Ground Iranian Airlines Worldwide

    • September 22, 2026
    U.S. Threatens to Ground Iranian Airlines Worldwide