Apache Raises 2016 Production Outlook - Quick Facts

(RTTNews) - While reporting its first-quarter financial results today, oil and gas exploration and production company Apache Corp. (APA) raised its production guidance for fiscal 2016, citing strong first-quarter results.

For full year 2016, Apache raised its total pro forma production guidance, excluding Egypt noncontrolling interest and tax barrels, by 5,000 Boe per day to a range of 438,000 to 458,000 Boe per day.

The company also raised its 2016 North American Onshore production guidance to a range of 268,000 to 278,000 Boe per day, from its initial guidance of 263,000 to 273,000 Boe per day set at the beginning of the year.