Oct 8 (Reuters) - Oil and gas firm APA Corp ( APA ) said
on Wednesday it cut about 20 million of cubic feet per day
(MMcfpd) of U.S. natural gas production and 1,400 barrels per
day of U.S. natural gas liquids production in the third quarter
due to weak prices.
APA said net debt and free cash flow came in lower than
expected, following third-quarter payments from the Egyptian
General Petroleum Corporation and subsequent partner
distributions totaling $173 million.
The company expects third-quarter average realized
natural gas prices in the U.S. to be 70 cents per thousand cubic
feet (Mcf) and $4.20 per Mcf globally.
APA
had curtailed
10 MMcfpd of U.S. natural gas production and 750 bpd of
natural gas liquids in the second quarter.