APA Corporation and Partners Lagniappe Alaska and Santos Announce Successful Flow Test in Alaska’s North Slope at Sockeye-2 Exploration Well

Core Insights - APA Corporation and its partners announced successful flow testing results from the Sockeye-2 exploratory well, indicating a significant discovery in the eastern North Slope of Alaska [1][2] - The Sockeye-2 well reached a depth of approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of 20% [2] - The well averaged 2,700 barrels of oil per day during the final flow period over a 12-day production test, demonstrating exceptional productivity without artificial lift [2][3] Company Overview - APA Corporation operates in oil and natural gas exploration and production across the United States, Egypt, the United Kingdom, and offshore Suriname [4] - The company holds a 50% working interest in the Sockeye-2 well, with partners Lagniappe Alaska and Santos each holding 25% [1] Future Prospects - The results from the Sockeye-2 well are expected to extend the Brookian topset play, first established with the Pikka discovery in 2013, and further appraisal drilling will determine the ultimate size of the discovery [3] - The flow test results confirm the geological and geophysical models, derisking additional prospectivity in the block [3]