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Tuesday, Sep 17
Apache to sell Canadian oil and gas assets for $112M
- Apache (APA) agrees to sell certain oil and gas producing properties in Canada in two separate transactions totaling $112M.
- The properties are primarily dry gas developments in Saskatchewan and Alberta, and comprise ~4,000 operated and 1,300 non-operated wells that averaged production of 38M cf/day of natural gas and 750 bbl/day during Q2.
- Including earlier transactions involving assets in Canada, the Gulf of Mexico and Egypt, APA has announced divestments totaling nearly $7.2B.