-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L0W9jVFOYf/B4R8hJg8ulR7MooITiXNWluoplj0/rhjhIx0S1Ifvg8sY4aiXuobo +beEQuXOiSeTTLVFfbfhFw== 0000950129-05-009248.txt : 20050915 0000950129-05-009248.hdr.sgml : 20050915 20050915172742 ACCESSION NUMBER: 0000950129-05-009248 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050915 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050915 DATE AS OF CHANGE: 20050915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APACHE CORP CENTRAL INDEX KEY: 0000006769 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 410747868 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04300 FILM NUMBER: 051087356 BUSINESS ADDRESS: STREET 1: 2000 POST OAK BLVD STREET 2: ONE POST OAK CENTER STE 100 CITY: HOUSTON STATE: TX ZIP: 77056-4400 BUSINESS PHONE: 7132966000 MAIL ADDRESS: STREET 1: 2000 POST OAK BLVD STREET 2: STE 100 CITY: HOUSTON STATE: TX ZIP: 77056-4400 FORMER COMPANY: FORMER CONFORMED NAME: APACHE OIL CORP DATE OF NAME CHANGE: 19660830 8-K 1 h28836e8vk.txt APACHE CORPORATION ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 15, 2005 APACHE CORPORATION (Exact name of registrant as specified in Charter) DELAWARE 1-4300 41-0747868 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification Number) 2000 POST OAK BOULEVARD SUITE 100 HOUSTON, TEXAS 77056-4400 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (713) 296-6000 ================================================================================ ITEM 8.01. OTHER EVENTS On September 15, 2005, Apache Corporation issued an update on its recovery efforts after Hurricane Katrina. On September 15, 2005, Apache Corporation announced an increase in the quarterly cash dividend on its common stock to ten cents per share from eights cents per share. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS. EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Press Release dated September 15, 2005, "Apache Updates Post-Katrina Production Restoration: 81% of Shut-In Gas and 65% of Oil Back on Stream" 99.2 Press Release dated September 15, 2005, "Apache Increases Common Dividend 25 Percent" SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. APACHE CORPORATION Date: September 15, 2005 /s/ Roger B. Plank ---------------------------------- Roger B. Plank Executive Vice President and Chief Financial Officer INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Press Release dated September 15, 2005, "Apache Updates Post-Katrina Production Restoration: 81% of Shut-In Gas and 65% of Oil Back on Stream" 99.2 Press Release dated September 15, 2005, "Apache Increases Common Dividend 25 Percent" EX-99.1 2 h28836exv99w1.txt PRESS RELEASE Exhibit 99.1 CONTACTS: (MEDIA): TONY LENTINI (713) 296-6227 BILL MINTZ (713) 296-7276 DAVID HIGGINS (713) 296-6690 (INVESTOR): ROBERT DYE (713) 296-6662 (WEB SITE): WWW.APACHECORP.COM FOR RELEASE AT 7:45 A.M. CENTRAL TIME APACHE UPDATES POST-KATRINA PRODUCTION RESTORATION; 81% OF SHUT-IN GAS AND 65% OF OIL BACK ON STREAM Houston, Sept. 15, 2005 - Apache Corporation (NYSE, Nasdaq: APA) said today that it has restored 81 percent, or 459 million cubic feet (MMcf) per day, of its gross operated natural gas production and 65 percent, or 45,600 barrels per day, of its gross operated oil production in the company's Gulf Coast Region that had been shut-in due to Hurricane Katrina. Apache expects to restore another 45 MMcf per day of gross operated gas production and 4,000 barrels per day of gross operated oil production by mid-October. Repair and replacement of lost or damaged production platforms and third-party pipelines and other facilities make it likely that approximately 60 MMcf per day of gross operated natural gas production and 20,000 barrels per day of gross operated oil production may remain shut in for an extended period of up to a year, Apache reported. The company maintains a $150 million business interruption insurance policy to cover lost production revenue. Apache also has property damage insurance totaling $350 million, after a $7.5 million deductible; $250 million of this coverage is with a large mutual insurer of energy companies and is subject to reduction depending on Katrina claims by other companies. With the restored production, Apache's Gulf Region is now flowing 87 percent of its normal gross operated gas volumes and 68 percent of its normal gross operated oil volumes. Apache Corporation is a large oil and gas independent with core operations in the United States, Canada, Egypt, Australia and the United Kingdom sector of the North Sea. -end- This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations and beliefs regarding Apache's Gulf of Mexico production. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements is damage to Apache's Gulf of Mexico facilities and the availability of needed equipment and personnel to restore production. There is no assurance that Apache's expectations will be realized, and actual timing of the resumption of deliveries may differ materially from those expressed in the forward-looking statements. EX-99.2 3 h28836exv99w2.txt PRESS RELEASE Exhibit 99.2 CONTACTS: (MEDIA): TONY LENTINI (713) 296-6227 BILL MINTZ (713) 296-7276 (INVESTOR): ROBERT DYE (713) 296-6662 (WEB SITE): WWW.APACHECORP.COM FOR RELEASE AT 7:30 A.M. CENTRAL TIME APACHE INCREASES COMMON STOCK DIVIDEND 25 PERCENT Houston, Sept. 15, 2005--Apache Corporation (NYSE, Nasdaq: APA) announced today that its Board of Directors has voted to raise the quarterly cash dividend on its common stock 25 percent, to 10 cents per share from 8 cents per share, effective with the November dividend payment. This is the fourth consecutive year in which Apache has increased its common stock cash dividend. The company also paid a 10 percent common stock dividend in 2002, a 5 percent common stock dividend in 2003 and split its common stock two-for-one in 2004. The dividend on the common shares is payable Nov. 22, 2005, to stockholders of record on Oct. 24, 2005. The Board declared a regular cash dividend on Apache's Series B Cumulative Preferred Stock, payable Nov. 1, 2005, to holders of record on Oct. 15, 2005. The payment will be $14.20 per share, which is equivalent to $1.42 per depository share, each representing 1/10th of a share of Series B preferred stock. The Series B preferred is not currently listed on any exchange. Apache Corporation is a large independent oil and gas company with core operations in the United States, Canada, Egypt, Australia and the United Kingdom sector of the North Sea. -end- This news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding Apache's future corporate developments and dividends. The payment of future dividends on the company's common stock is dependent on the company's Board of Directors declaring such dividends after assessing prevailing conditions. Among the important factors that could cause actual results or the timing of dividend payments to differ materially from those indicated by forward-looking statements are major changes in the supply and demand or the outlook for prices of oil and natural gas, required regulatory approvals and the risk factors detailed from time to time in Apache's periodic reports and registration statements filed with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----