Apache Corp. (NYSE:APA) announced that hydrocarbon production has begun at its Balboa Field, located on East Breaks Block 597. Initial gross flow rates have stabilized at approximately 30 million cubic feet of natural gas and 1,400 barrels of oil per day. Apache's subsidiary is the operator of the field and holds a 50 percent working interest. Balboa is located in estimated water depths of 3,350 feet approximately 130 miles south of Galveston, Texas. The field is a one-well development with a six-mile tieback to the Anadarko-operated Boomvang spar on East Breaks 643. The reservoir features oil-bearing sandstones with a natural gas cap. The well has been completed near the crest of the structure to optimize overall hydrocarbon recovery. This completion was designed to initially produce natural gas and liquids with increasing liquids and decreasing gas volumes throughout the life of the field.
Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.
Cooper Industries plc (NYSE:CBE) a global diversified manufacturer, announced it will report financial results for the fourth quarter and full-year of 2010 on Wednesday, January 26, 2011, prior to the opening of trading on the New York Stock Exchange. Copies of the Company's will be available on the website, Cooper will hold a conference call at 12 p.m. EST on January 26, 2011, to provide shareholders and other interested parties an overview of the Company's fourth quarter and full-year performance.
Cooper Industries plc engages in the manufacture and sale of electrical products and tools in the United States and internationally. Its Electrical Products segment manufactures, markets, and sells electrical and circuit protection products.
Eaton Corporation (NYSE:ETN) will announced fourth quarter 2010 earnings on Thursday, January 27, before the opening of the New York Stock Exchange. The company will host a conference call at 10 a.m. Eastern time that day to discuss fourth quarter 2010 earnings results with securities analysts and institutional investors. The call will be available to interested listeners through a live audio webcast that can be accessed on the right side of Eaton's home page at the www.eaton.com website. The call replay and news release will also be available at the same site.
Eaton Corporation operates as a power management company primarily in the United States, Canada, Latin America, Europe, and the Asia Pacific. The company provides electrical components and systems for power quality, distribution, and control; hydraulics components, systems, and services for industrial and mobile equipment.
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