Apache Compensates For Poor Earnings With A Major Oil Discovery

Last year, shale driller Apache Corp. (NYSE: APA) made waves after it sacked one of the most iconic CEOs in the shale patch, Steven Keenan. Keenan was reportedly shown the door after disappointing early results at Apache’s Suriname offshore field adjacent to Exxon Mobil Corp.’s (NYSE: XOM) historic discovery. Keenan is a shale expert who was handpicked by Apache’s management in 2014 to replicate his shale exploits at EOG Resources Inc. (NYSE: EOG) in the Eagle Ford. But maybe Apache acted in haste back then, and a mea culpa is…