Sept. 17, 2013
/PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) announced today it has agreed to sell certain oil and gas producing properties in
in two separate transactions with a combined value of
Apache has agreed to sell its Hatton, St. Lina,
, Snipe Lake,
, and a portion of its Hawkeye producing properties. These are primarily dry gas developments located in
and comprise approximately 4,000 operated and 1,300 non-operated wells that averaged daily production of 38 million cubic feet of natural gas and 750 barrels of oil, condensate and natural gas liquids, net to Apache, during the second-quarter 2013.
Both transactions have an effective date of
April 1, 2013
, and are expected to close during the fourth quarter.
Last month, Apache announced the sale of its
, North Grant Lands, and South Grant Lands assets, which are also in
. Including transactions involving company properties and assets in
Gulf of Mexico
, Apache has announced divestments totaling nearly
"In Canada, Apache is focused on growing liquids production from a deep inventory of crude oil- and liquids-rich opportunities in
Western Sedimentary Basin," said
Rodney J. Eichler
, president and chief operating officer. "Our extensive remaining acreage in these areas can generate attractive rates of return and provide for more predictable production growth. We also remain focused on advancing the Kitimat LNG project to monetize large unconventional resources in the Liard and Horn River basins in northern
RBC Capital Markets acted as financial advisor and
, Hoskin & Harcourt LLP provided legal representation for Apache in these transactions.
Apache Corporation is an oil and gas exploration and production company with operations in
the United States
. Apache posts announcements, operational updates, investor information and copies of all press releases on its website,