Little birdy told me that North Sea oil production goes energy net negative for APA by 2027, meaning the amount of energy that it takes to extract the oil is greater than the energy value of the oil extracted. Apache is apparently going to fly past net-zero and head right for net negative! BRAVO and CHEERIO
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There will be no takers. JC, SR and MB ran this one into the ground with their stupid management … Egypt next.
Sell it or give it away
Thank you for explaining what net negative means. Super helpful.
APA
The Great American Trash Panda
I’m guessing more North Sea fields will suffer the same
Im gunna need some explaining here.
Old tired assets and new production too far off.