Yesterday evening, the company stated: “APA Corporation provided supplemental information regarding certain second-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the second-quarter 2024. APA curtailed approximately 78 MMcf/d of U.S. natural gas production in the second quarter in response to weak or negative Waha hub prices. APA also curtailed an estimated 7,600 barrels per day of natural gas liquids during the quarter, which were mostly associated with the voluntary gas curtailments. Previous second quarter guidance issued in May contemplated curtailments of ~50 MMcf/d of natural gas and ~5 Mb/d of NGLs.”
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