APA Reports Q4 Natural Gas Prices and Increased Transaction Costs
APA anticipates average realized natural gas prices of $0.15 per Mcf in the U.S. and $4.30 per Mcf globally for Q4. The company's transaction, reorganization, and separation costs rose to $36 million, largely due to early office-lease terminations in the U.S. and UK, compared to $18 million in the previous quarter. Additionally, APA reduced U.S. natural gas production by 20 MMcfpd and natural gas liquids production by 1,400 bpd.
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APA expects Q4 average realized natural gas prices to be $0.15 per Mcf in the U.S. and $4.30 per Mcf globally. Its transaction, reorganization, and separation costs increased to $36 million, up from $18 million, due to early office-lease terminations in the U.S. and UK. In the previous quarter, APA curtailed 20 MMcfpd of U.S. natural gas production and 1,400 bpd of U.S. natural gas liquids production.
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