Page 19 - Apache Corp News Today

ADVERTISEMENT Texas Panel Says Apache Lease Interest Can Be Reformed Law360 (June 28, 2021, 7:44 PM EDT) -- The overriding royalty interests on Apache Corp. oil and gas leases can be reformed to comply with the states rule against perpetuities, a Texas appellate panel said, but it tasked a trial court with hashing out the proper way to do so based on the intentions of the creator of the agreement. In a unanimous opinion on Friday, the Seventh Court of Appeals in Amarillo agreed with the grou...

In Apache Corp. v. Hill, et al.,  lessors prevailed in a lease construction dispute because of the court’s unsurprising conclusion that a typewritten addendum to oil and gas leases superseded conflicting provisions in the printed forms. Background Several lessors executed identical oil and gas leases with Apache’s predecessor-in-interest covering 207.62 acres in Brazos County, Texas. Three lease provisions were at issue: Paragraph 9 of the printed form gave Apache the right to release any...

ExxonMobil says a 9 billion barrel oilfield off the low-lying South American nation’s coast could soon outpace Permian production.

Check out the latest E&P and drilling highlights from around the world. 

ADVERTISEMENT Oil Co. Asks Texas Justices To Revisit Apache Arbitration Row Law360 (May 27, 2021, 5:13 PM EDT) -- A Fort Worth, Texas, oil and gas company wants the state Supreme Court to reconsider its April ruling that Apache Corp. can arbitrate a dispute over $15 million in attorney fees and settlement costs related to third-party lawsuits, arguing the courts decision "rewrote" the companies arbitration agreement. Wagner Oil Co. petitioned the Texas Supreme Court on Wednesday to revisit i...

Fossil fuel and renewable energy developers can and should work with communities and...

In a sweeping order, President Biden on Thursday directed federal agencies to find ways to mitigate the financial risks that climate change poses to

(Bloomberg) -- To say investing is tricky during the pandemic would be an understatement. And so it has proved for many hedge-fund managers since last year’s Sohn Investment Conference in Hong Kong.

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Luckily, shale driller Apache Corp. (NYSE:APA) is one of the few companies that have been reaping the rewards of a smart hedging strategy. During its Q1 2021 earnings transcript, Apache revealed that prescient changes to its natural gas hedging strategy right before the February freeze hit Texas brought the company an unexpected windfall in the form of a first-quarter realized gain of $147 million. Apache said that its marketing team " generally seeks to maintain a balance between first of mon...