HOUSTON, June 30, 2014 /PRNewswire/ -- Apache
Corporation (NYSE, Nasdaq: APA) today announced that it has
completed the previously disclosed sale of non-operated interests
in the Lucius and Heidelberg development projects and 11 primary
term deepwater exploration blocks to a subsidiary of
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and other
interest owners for $1.4 billion.
Certain working interest owners in the Lucius oil development
exercised their preferential rights to purchase their pro-rata
share of Apache's interests in Lucius on the same terms as those
negotiated by Freeport-McMoRan.
About Apache
Apache Corporation is an oil and gas exploration and production
company with operations in the United
States, Canada,
Egypt, the United Kingdom and Australia. Apache posts announcements,
operational updates, investor information and copies of all press
releases on its website, www.apachecorp.com, and on its Media and
Investor Center mobile application, which is available for free
download from the Apple App Store and the Google Play Store.
Forward-looking statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by words such as "anticipates,"
"intends," "plans," "seeks," "believes," "estimates," "expects" and
similar references to future periods. These statements include, but
are not limited to, statements about future plans, expectations,
and objectives for Apache's operations, including statements about
our drilling plans and production expectations and asset sales and
monetizations. While forward-looking statements are based on
assumptions and analyses made by us that we believe to be
reasonable under the circumstances, whether actual results and
developments will meet our expectations and predictions depend on a
number of risks and uncertainties which could cause our actual
results, performance, and financial condition to differ materially
from our expectations. See "Risk Factors" in our 2013 Form 10-K
filed with the Securities and Exchange Commission for a discussion
of risk factors that affect our business. Any forward-looking
statement made by us in this news release speaks only as of the
date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is
not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future development, or
otherwise, except as may be required by law.
APA-F
APA-G
APA-M
Logo -
http://photos.prnewswire.com/prnh/20140116/DA47435LOGO
SOURCE Apache Corporation