Articles tagged Alpine High

APA Corp. is selling natural gas and oil properties in the Permian Basin for $950 million to high grade and focus on the U.S. asset base, CEO John J. Christmann Jr. said.

Houston super independent APA Corp., whose U.S. operations are focused in the Permian Basin, is taking a cue from higher natural gas and liquids prices to restart development in its almighty Alpine High portfolio.

With the Alpine High natural gas program basically on autopilot, Apache Corp. is bearing down on developing more liquids and oily resources across the Permian Basin, CEO John Christmann said Thursday.

Apache Corp.’s foray into the sparse patch of West Texas set off no alarm bells when exploration a few years ago began in earnest, a part of the Permian Basin long considered too geologically complex to develop. Unearthing Alpine High in 2016 has changed perceptions.

Driven by record production from the Permian Basin, including a near-70% increase in natural gas output from No. 1 prospect Alpine High, Apache Corp. is boosting its capital spending this year by $400 million to $3.4 billion.

Centennial Resource Development Inc. is planning to spend more this year for its Permian Basin operations in West Texas to prevent constraints in moving its natural gas to markets, CEO Mark Papa said Tuesday.

Apache Corp.’s Permian Basin oil and gas production topped a record during the fourth quarter, with natural gas, oil and liquids volumes all claiming double-digit growth year/year.