UPDATE 2-Apache Corp says severe weather hurt U.S. output

Thu Jan 16, 2014 1:15pm EST
 
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* Asset sales to reduce 4th-qtr production by 134,000 boepd

* Output slightly decreased in Texas Panhandle and Western Oklahoma

* Permian production increased only by about 1,000 boepd

Jan 16 (Reuters) - Oil and gas producer Apache Corp said severe winter hurt output at its operations in Oklahoma, Texas and New Mexico in the fourth quarter.

Apache did not provide an overall output estimate for the quarter.

Mizuho Securities estimated the company's output at 655,000 barrels of oil equivalent per day (boepd) for the three months ended Dec. 31.

Apache produced 784,000 boepd in the third quarter.

The company halted some operations because of storms in late November and early December. Widespread power cuts and icy roads slowed down the resumption of production.

Energen Corp, Pioneer Natural Resources Co and its unit Pioneer Southwest Energy Partners have also said severe weather in the United States hurt production.   Continued...