APA · 10-Q · 2026Q3 · Full report
Upstream Production Volume
APA Corp · 2026-11-05 · Importance 53 · Surprise 48
Third-quarter 2026 worldwide production declined 3% year over year to 450,276 boe/d, while U.S. production grew 5% to 294,268 boe/d, supported by increased Permian Basin drilling efficiency and lower Alpine High curtailments. Egypt production fell 12% to 133,610 boe/d, with net production affected by higher price realizations and lower cost-recovery volumes; North Sea production declined 27% to 22,398 boe/d, primarily from natural decline. For the first nine months, worldwide production decreased 7% to 434,224 boe/d; U.S. gas production fell 17% amid Alpine High curtailments during extreme Waha basis differentials, including negative pricing. Worldwide NGL production increased 7% in the third quarter as Alpine High volumes resumed, but declined 3% year to date amid Permian basis-related curtailments, North Sea decline, and U.S. non-core asset sales.
Key facts
- APA’s worldwide natural gas production was 825.1 MMcf/d in the first nine months of 2026, down 91.6 MMcf/d year over year. source
- APA’s U.S. assets accounted for 65 percent of worldwide production in the third quarter of 2026, with daily boe production up 5 percent from the third quarter of 2025. source
- APA’s third-quarter 2026 gross Egypt production decreased 2 percent and net production decreased 12 percent from the third quarter of 2025. source
- APA expects approximately half of its Egypt rig activity to remain gas-focused and anticipates continued strong performance for the rest of 2026, with realized gas prices increasing through the period. source
- APA’s worldwide oil production was 220.9 Mb/d in third-quarter 2026, down 13.4 Mb/d year over year. source
- APA’s worldwide natural gas production was 897.8 MMcf/d in third-quarter 2026, down 34.4 MMcf/d year over year. source
- APA’s worldwide NGL production was 79.8 Mb/d in third-quarter 2026, up 5.5 Mb/d year over year. source
- APA’s worldwide oil production was 221.3 Mb/d in the first nine months of 2026, down 14.0 Mb/d year over year. source