Apache Updates Production Impact of Gulf Hurricanes

Apache Corporation has said that approximately half of its gross operated natural gas production and one-third of its gross operated oil production on- and offshore in the Gulf of Mexico are back on-stream in the wake of hurricanes Katrina and Rita.

"Hurricane Rita caused significantly less damage to Apache facilities than Katrina," said Apache CEO and President G. Steven Farris. "We lost one structure at Ship Shoal 193 B. Restoring the bulk of our Gulf of Mexico volumes currently affected by Rita is largely dependent upon the timing of repairs to third-party pipelines and facilities damaged by the storm."

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Posted 06/10/05

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