RE:Apache Reduces CapexIt appears they're still going full throttle at the Permian?
"Third-quarter production in the Permian Basin averaged 222,000 BOE per day, with total production up 38 percent and oil up 16 percent year over year. This growth reflects the ongoing development of Wolfcamp oil zones in the Midland and Delaware basins and the continued ramp up at Alpine High. The company averaged 18 rigs and five frac crews in the Permian Basin during the quarter and drilled and completed 47 gross-operated wells."
"Apache Corp. (APA) continues to target production growth, led by growing volumes from Alpine High where the company will increase drilling activity and bring hundreds of wells online. Significant growth in NGL volumes is expected as Apache’s subsidiary will bring five processing plants online by the end of 2020."