APA Corporation provided production guidance for the second quarter of 2022. For the period, the company expects second-quarter 2022 production guidance update: International adjusted production is forecast to be 105 Mboe/d, compared to guidance of 107 Mboe/d, with the primary variances attributable to the impact of strong Brent oil prices on Egypt PSC volumes and lower gas production in Egypt. This was partially offset by higher production in the North Sea due to a shift in the timing of planned maintenance at the Beryl Field.

U.S. production for the period is forecast to be 200 Mboe/d, compared to guidance of 206 Mboe/d. Approximately 4 Mboe/d of the variance is attributable to non-recurring prior period adjustments, primarily related to the performance of non-operated wells. The remainder is associated with mixed production results from certain Austin Chalk wells placed on production during the quarter.