Apache Corp has joined a growing list of U.S. oil producers
raising full-year production forecast, as the rest of the industry cuts
The $19 billion Houston-based driller said it now expects
its North American operations to pump up to 309,000 barrels of oil per day in
2015, up 2% from last year.
It’s the latest illustration of how asset sales and falling
labour and energy costs, along with improved efficiency, are helping the
industry weather a near 60% drop in crude prices since last June.