A welder who worked for Houston-based Apache Corp. has sued the oil and gas exploration and production company for unpaid overtime and is seeking class action status for other welders who allegedly were not paid properly.
Houston oil and gas company Apache Corp. has hired the nation’s preeminent cave research institute to study the aquifers around Balmorhea State Park, home to the famous San Solomon Springs.
Operator Apache is selling stakes in key infrastructure in the latest example of independent investment in “midstream” oil and gas operations in the UK North Sea.
Apache today said it had managed a 100% drilling success rate in the North Sea while adding production from three development wells in the region during the second quarter.
The Houston-headquartered firm, which also has operations in Canada, Egypt and the US, said the trio had achieved a 30-day average rate of more than 6,000 barrels of oil equivalent (boe) a daily.
Drilling has also started on the Storr play in the Beryl area, the company said in its second quarter results announcement, which revealed net losses of $244million (£185million).
Lifting costs for Beryl are just $10 per barrel and operator Apache sees a host of opportunities to grow and sustain production long-term from the UK North Sea field.
Two energy giants have distanced themselves from rumours of another $17billion mega-merger as the low oil price environment creates a febrile environment for takeover speculation.