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Stock impact report

U.S. shale producer APA ends flaring, captures more gas as prices soar [Reuters]

APA Corporation (APA) 
Last apa corporation earnings: 2/26 05:26 pm Check Earnings Report
Company Research Source: Reuters
By Liz Hampton 3 Min Read Oct 11 (Reuters) - Shale oil and gas producer APA Corp on Monday said it has ended routine gas flaring at its U.S. onshore operations, delivering ahead of schedule on a pledge to halt the practice as natural gas prices soar. Oil and gas firms are facing demands from environmentalists and investors to reduce carbon emissions, including the burning of natural gas at production sites, to counter global warming. Energy producers routinely flare, or burn, natural gas during well or processing disruptions and when they lack access to pipelines, practices that release planet-warming carbon dioxide and methane into the atmosphere. Earthworks and other environmentalists have reported unapproved releases of greenhouse gases by producers and pipeline operators. APA had previously invested more than $850 million in long-haul pipelines through its affiliate Altus Midstream, in deals backed by commitments from its subsidiary Apache. Those agreements, which have helped mov Show less Read more
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