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-0.000514138817480618 0.00385604113110554 0.0074550128534706 0.00976863753213374 0.00462724935732665 0.00462724935732665 0.00462724935732665 0.00462724935732665
Stock impact report

Apache’s stock plunges toward 18-year low after update on well status disappoints [MarketWatch]

APA Corporation (APA) 
Last apa corporation earnings: 2/26 05:26 pm Check Earnings Report
Company Research Source: MarketWatch
Apache’s stock plunges toward 18-year low after update on well status disappoints Shares of Apache Corp. got drilled Monday, and were trading at the lowest price seen in 18 years, after the oil and natural gas producer provided a disappointing update of its first exploratory well in Block 58 offshore Suriname. The stock, which led all decliners in the energy sector and the S&P 500 index, was on track to suffer the biggest one-day decline since the financial crisis. The company APA, -12.68% said before Monday’s open that drilling operations on the Maka Central - 1 well began in late September, with an expected drill time of 30 to 60 days. “Upon reaching a depth of approximately 6,200 meters, the company elected to conduct various testing activities in two distinct Upper Cretaceous play types,” the company said in a statement. “Following the completion of these tests, the company will set casing, making equipment modifications to the rig, and resume drilling in mid-December to evalua Show less Read more
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