Apa Corporation Reports Strong Q1 2024 Financial and Operational Results
Friday, 3 May 2024, 13:30
Financial and Operational Performance
Apa Corporation reported strong Q1 results with notable growth in U.S. oil production.
Callon Acquisition Synergies
- Operational Optimization: Focus on high-grading service providers, casing efficiencies, and improving surface economics.
- Capital Efficiency: Utilizing technology to decrease drilling days, optimize rig rates, and enhance fracturing practices.
Debt Reduction and Shareholder Return
The company aims to make progress on debt reduction by year-end while maintaining a commitment to returning at least 60% of free cash flow to shareholders.
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