Apache gets paid by YPF in $800M Argentina oil deal

|About: Apache Corporation (APA)|By:, SA News Editor

Apache (APA -0.4%) says it has been paid by YPF (YPF -0.7%) for its previously announced $800M cash deal to sell its operations in Argentina, a payment that may help the Latin American country further rebuild credibility with foreign investors.

Two years after seizing YPF from Spain's Repsol, Argentina is working to quell concerns about its economic conditions and energy policy.

APA had stakes in ~25 fields in Argentina, including the giant Vaca Muerta shale oil and gas field.