Analysis: APA Corporation

US:APA

Why is APA Corporation stock rising?

  • Permian oil production guidance raised to 123,000 barrels per day while operating only four rigs for the remainder of 2026.
  • GranMorgu development in Suriname remains on schedule for first oil in mid-2028.
  • Alaska winter 2026/2027 program will include an appraisal well at Sockeye/Hungry Horse and an exploration well targeting Chinook.
  • ENI partnership in Uruguay Block 6 funds the initial exploration well, planned to spud in 2027.
  • Suriname Block 58 exploration with Total in 2027 could extend GranMorgu plateau or support incremental infrastructure.

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