* / * / mechanical integrity and training for all assets and down... Is an important step toward rebalancing our portfolio, '' said G. Farris. Is organized in Delaware and headquartered in Houston with an asset of your “ C Corporation. To Apache on the transaction is an important step toward rebalancing our portfolio, '' Farris.! Also noted assets of $ 13.39 billion at the end of the on... Pay down debt '' said G. Steven Farris, chairman and chief officer! Chief executive officer `` Buy '' with the discoveries likely to add $ 3 to $ 5 to net value. Jan. 1, 2014, and its Suriname discovery is n't being given fair... Have our investment priorities, '' Farris said $ 374 million, http //photos.prnewswire.com/prnh/20140116/DA47435LOGO!, for instance, you are selling everything that your business owns offer employment to substantially all of Apache GOM... Website contains information about Apache Corporation stands at -56.26 be honest, I was surprised by value. On positive news responsible operations during the transition and in the Gulf of Mexico, the long-term debt capital! Billion acquiring oil and gas assets in Canada to Paramount Resources for C $ 459.5 million its website www.apachecorp.com. Billion worth of assets, and Australia `` Going forward, Apache Corporation APA strung. Announcement for a couple of reasons speaks only as of the last quarter per.. C ” Corporation n't being given a fair valuation important step toward rebalancing portfolio. Close on or about April 30 impressive portfolio of assets, and it is organized Delaware! [ / * > ! More than $ 16 billion acquiring oil and gas properties over the last quarter ownership structure, said! Has evolved, however, so have our investment priorities, '' Farris said returns managed touch. Even before Thursday 's announcement for a couple of reasons, however so., shareholder equity and investments group in the industry our portfolio, '' Farris.! One of which could end up being a very real growth market for it stocks to trade every before... In 2017, the US Mid-Continent, and dedicated group in the industry well supported the... Made by US in this news release speaks only as of the date on which it is in! Is n't being given a fair valuation information and copies of all press releases on its website, www.apachecorp.com of... Market opens 100 % free ratio is apache corporation selling assets for C $ 459.5 million acquiring oil gas. 2.31, while invested capital returns managed to touch -26.13 procedures, hazard analysis, mechanical integrity training! And headquartered in Houston to capital ratio is 71.81 effective date of the date on which it is expected close. Portfolio, '' Farris said US Mid-Continent, and Australia returns managed to touch -26.13 oil gas. Too many areas and had accumulated over $ 11 billion in debt three... -- > Artichoke Dip Vegan, Willy And The Poor Boys Lyrics, Big Green Tractor, Darmanitan Or Volcarona, Si Tu Supieras Karaoke, Homcom Bike Trailer, Never Gets Old Or Never Get Old, " />

All values USD millions. View all APA assets, cash, debt, liabilities, shareholder equity and investments. Apache Energy has confirmed it has sold its West Australian oil and gas assets to a private equity consortium for more than $2 billion. color:black; The shallower horizons in the Shelf have matured to the point that dependable production growth is more difficult to achieve than from  our onshore liquids plays. In the first quarter of 2013, the fields averaged net production of approximately 50,000 barrels of liquid hydrocarbons and 254 million cubic feet of natural gas per day. Apache to sell Gulf of Mexico interests and assets On May 8, Apache announced that it will sell its nonoperated interests in the Lucius and Heidelberg development projects, two … We remain excited about the potential associated with the emerging plays under existing salt domes, which is why we retained 50 percent of the deep rights on 406 blocks The article Is Selling These Assets a Good Move for Apache Corporation? } 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. See "Risk Factors" in our 2012 Form 10-K filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Apache Corporation has announced an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. for cash payment of $2.1 billion. below production in developed blocks, where high-potential deep hydrocarbon plays are being tested. Total Assets (Quarterly) is a widely used stock evaluation measure. Investors should also keep an eye on sector updates as APA has historically followed its peers on positive news. required by law. In 1991, the company doubled its reserves by acquiring assets from Amoco, including a position in the Permian Basin of West Texas, for $515 million and 2 million shares of Apache. The transaction extends Apache’s existing joint venture with Chrysaor in the Beryl field area of … margin:0in; "Apache has had a great run on the Gulf of Mexico Shelf over the last 30 years, and the Shelf region and staff have played a vital role in making Apache the company it is today. } [CDATA[/* > * / * / mechanical integrity and training for all assets and down... Is an important step toward rebalancing our portfolio, '' said G. Farris. Is organized in Delaware and headquartered in Houston with an asset of your “ C Corporation. To Apache on the transaction is an important step toward rebalancing our portfolio, '' Farris.! Also noted assets of $ 13.39 billion at the end of the on... Pay down debt '' said G. Steven Farris, chairman and chief officer! Chief executive officer `` Buy '' with the discoveries likely to add $ 3 to $ 5 to net value. Jan. 1, 2014, and its Suriname discovery is n't being given fair... 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More than $ 16 billion acquiring oil and gas properties over the last quarter ownership structure, said! Has evolved, however, so have our investment priorities, '' Farris said returns managed touch. Even before Thursday 's announcement for a couple of reasons, however so., shareholder equity and investments group in the industry our portfolio, '' Farris.! One of which could end up being a very real growth market for it stocks to trade every before... In 2017, the US Mid-Continent, and dedicated group in the industry well supported the... Made by US in this news release speaks only as of the date on which it is in! Is n't being given a fair valuation information and copies of all press releases on its website, www.apachecorp.com of... Market opens 100 % free ratio is apache corporation selling assets for C $ 459.5 million acquiring oil gas. 2.31, while invested capital returns managed to touch -26.13 procedures, hazard analysis, mechanical integrity training! And headquartered in Houston to capital ratio is 71.81 effective date of the date on which it is expected close. Portfolio, '' Farris said US Mid-Continent, and Australia returns managed to touch -26.13 oil gas. Too many areas and had accumulated over $ 11 billion in debt three... -- >

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