APA Corporation Announces Second Successful Flow Test at Sapakara South
APA Corporation (APA)
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Source: GlobeNewswire
HOUSTON, Feb. 08, 2023 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles) south of the Sapakara South-1 (SPS-1) appraisal well. SPS-2 encountered approximately 36 meters (118 feet) of net oil pay in high-quality Campano-Maastrichtian reservoir. Data collected from the flow test and subsequent pressure build-up indicated incremental connected resource of more than 200 million barrels (MMbbls) of oil in place. “Results from the SPS-2 drilling and flow tests are consistent with our pre-drill expectations, confirm our geologic, geophysical, and reservoir models, and, importantly, add substantial resources towards a potential development,” said John J. Christmann IV, APA’s CEO and president. Rig activity is ongoing and focused on drilling two appraisal wel
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News
- APA Co. (NASDAQ: APA) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $28.00 price target on the stock.MarketBeat
- APA Co. (NASDAQ: APA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- APA Co. (NASDAQ: APA) had its price target raised by analysts at JPMorgan Chase & Co. from $38.00 to $40.00. They now have a "neutral" rating on the stock.MarketBeat
- Why the Market Dipped But APA (APA) Gained Today [Yahoo! Finance]Yahoo! Finance
- Starburst Advances 'Icehouse' for Near Real-Time Analytics on the Open Data Lakehouse [Yahoo! Finance]Yahoo! Finance
APA
Earnings
- 2/22/24 - Beat
APA
Sec Filings
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- 4/10/24 - Form 8-K
- APA's page on the SEC website