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Thursday, Aug 15
Apache unloads more assets
- The company sells oil and gas producing properties in Alberta to Ember Resources for $214M. The assets comprise 621K gross acres and more than 2.7K wells with average net production of 67M cubic feet of gas and 237 barrels of liquids hydrocarbons per day during Q2.
- "This transaction is one element of a comprehensive review of Apache's portfolio to determine which assets make the most sense for Apache to own ... and which assets are better owned by others," says COO Rodney Eichler. "The Nevis, North Grant Lands and South Grant Lands assets fit in the latter category."
- APA -1.1% premarket.
- Source: Press release.