Powered by

Apache doubles projected cost savings from restructuring efforts

Apr 02, 2020 - SNL Energy Finance Daily
Board and Executive Moves

The oil and gas exploration and production company now expects annualized general and administrative expenses and lease operating expenses of more than $300 million.

Apache Corp. expects to double its annualized cost savings from an organizational redesign launched in October 2019, which aims to streamline the business and boost operational efficiencies.

The oil and gas exploration and production company now expects annualized general and administrative expense savings and lease oper...