APA · 10-Q · 2026Q2 · Full report

Upstream Production Volume

APA Corp · 2026-08-06 · Importance 42 · Surprise 40 · Matches filing data

Worldwide production declined 12% to 409,959 boe per day in the second quarter of 2026, with oil production down 10% to 211,270 barrels per day and natural gas production down 16% to 752.1 MMcf per day. U.S. production decreased 9% to 263,187 boe per day and represented 64% of worldwide production, while Egypt net production fell 13% to 124,687 boe per day and North Sea production fell 30% to 22,085 boe per day. Second-quarter oil production declined primarily because of non-core asset sales, natural decline in the U.S. and North Sea, and North Sea downtime, partially offset by Permian drilling. Alpine High gas curtailments increased because extreme Waha basis differentials included periods of negative pricing.

Key facts

• Oil and gas properties as of June 30, 2026: $46,724 million (compared to $45,507 million as of December 31, 2025). source
• U.S. daily boe production decreased 9 percent from the second quarter of 2025 and accounted for 64 percent of the Company’s worldwide production during the second quarter of 2026. source
• Second quarter 2026 gross production from the Company’s Egypt assets increased 2 percent while net production decreased 13 percent from the second quarter of 2025. source
• Total oil volume for the quarter ended June 30, 2026 was 211,270 b/d, a 10% decrease versus the comparable prior period. source
• Total natural gas volume for the quarter ended June 30, 2026 was 752,125 Mcf/d, a 16% decrease versus the comparable prior period. source
• Total NGL volume for the quarter ended June 30, 2026 was 73,335 b/d, a 9% decrease versus the comparable prior period. source
• Total BOE per day for the quarter ended June 30, 2026 was 409,959 boe/d, a 12% decrease versus the comparable prior period. source
• Worldwide oil production decreased 24.0 Mb/d to 211.3 Mb/d in Q2 2026 from the comparative prior-year period. source

Impact estimates