Apache Corporation ( NYSE:APA ) reported on Thursday a second-quarter net loss, dropping to US$244 million from US$860 million for the same period of 2015, but still falling short of analyst expectations. Apache – which changed its accounting method from full-cost to successful-efforts in the quarter – posted an adjusted net loss of US$99 million, or US$0.26 per share, compared to earnings per share of US$0.47 for the second quarter last year. The Zacks Consensus Estimate had expected a loss of US$0.21 per share , while analysts polled by Thomson Reuters were a bit more optimistic, projecting a loss of US$0.15 per share . Apache’s revenues of US$ 1.382 billion, however, beat estimates — albeit marginally – with the Zacks consensus having expected US$1.313 billion. The company cut gross overhead costs by 16 percent in Q2 over the same quarter 2015, and reduced Lease Operating Expense (LOE) per boe […]