MPO molopo energy limited

apache

  1. 1,087 Posts.
    Apache have just announced their quarterly results.
    They have indicated a rebalancing of their assets towards a greater focus of onshore Nth America.
    http://wallstcheatsheet.com/stocks/apache-earnings-call-insights-marketing-assets-and-production-growth.html/?a=viewall

    "In the Permian Basin, production from our Barnhart area has grown substantially, increasing 32 percent from first-quarter 2013 to 4,700 barrels of oil and 13.5 million cubic feet (MMcf) of gas per day. We are currently running six horizontal rigs in the play targeting Upper and Middle Wolfcamp zones."

    Seems like we are the only operators struggling in the Permian. :(
 
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