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Apache (APA) agrees to sell its Gulf of Mexico Shelf operations and properties to Fieldwood...

Apache (APA) agrees to sell its Gulf of Mexico Shelf operations and properties to Fieldwood Energy for $3.75B in cash. The move is in line with previously announced plans to divest $4B in older assets this year in order to pay down debt, repurchase shares, and focus on new projects. Shares +2.4% AH. (PR)
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