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APA Says Curtailed 78 MMcf/d Of US Natural Gas Production In Q2 In Response To Weak Or Negative Waha Hub Prices

Author: Benzinga Newsdesk | July 11, 2024 05:07pm

PA also curtailed an estimated 7,600 barrels per day of natural gas liquids during the quarter, which were mostly associated with the voluntary gas curtailments.

Previous second quarter guidance issued in May contemplated curtailments of ~50 MMcf/d of natural gas and ~5 Mb/d of NGLs.

APA did not previously provide second-quarter DD&A guidance due to the acquisition of Callon Petroleum. Based on current best estimates, APA believes second-quarter DD&A will be approximately $590 million.

Posted In: APA


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