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2011-04-04 10:40:00

HOUSTON, April 4, 2011 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that its subsidiary's Zola-1 discovery in license WA-290-P, offshore Western Australia, logged 410 feet of net pay in three Triassic Mungaroo sands over a depth range of 13,450-15,100 feet below sea level. Logging tools and formation pressure tests confirmed at least two separate natural gas columns with excellent reservoir characteristics. Zola-1 is located in the Carnarvon Basin 60 miles...

2011-03-16 14:00:00

HOUSTON, March 16, 2011 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that its subsidiary, Apache Deepwater LLC, has agreed to join Marine Well Containment Company (MWCC), a not-for-profit, independent organization committed to being continuously ready to respond to a well control incident in the deepwater Gulf of Mexico. "Apache is committed to safe and responsible operations," said G. Steven Farris, chairman and chief executive officer. "As we resume drilling...

2011-03-14 07:00:00

HOUSTON, March 14, 2011 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that Dave Gilbronson and Mark Bright will lead Apache's oil and gas marketing organization, which will be divided along geographic lines. Gilbronson has been appointed to vice president of international marketing and Bright to vice president of North America marketing. Gilbronson, director of risk management since 2009, joined Apache in 1988. Earlier, he was vice president of commercial and...

2011-02-17 07:00:00

HOUSTON, Feb. 17, 2011 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today reported that production set a new annual record, averaging nearly 658,000 barrels of oil equivalent per day for the 12-month period ending Dec. 31, 2010, up 13 percent from the prior year. Liquids production increased 18 percent, and this, combined with higher oil prices, drove Apache to record earnings of $3.0 billion for 2010. "The results for 2010 were outstanding, and the possibilities for future...

2011-01-06 07:45:00

HOUSTON, Jan. 6, 2011 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that hydrocarbon production has begun at its Balboa Field, located on East Breaks Block 597. Initial gross flow rates have stabilized at approximately 30 million cubic feet of natural gas and 1,400 barrels of oil per day. Apache's subsidiary is the operator of the field and holds a 50 percent working interest. Balboa is located in estimated water depths of 3,350 feet approximately 130 miles south...

2010-11-23 20:30:00

HOUSTON, Nov. 23, 2010 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) said today that the Spar-2 appraisal well in Permit WA-4-R offshore Western Australia tested 58 million cubic feet (MMcf) of natural gas and 950 barrels of condensate per day. Apache's Australia subsidiary plans to bring gas from the Spar Field and nearby Halyard Field to Western Australia's domestic gas market via an existing Apache-operated pipeline 10 miles southeast of Spar-2 and through the Varanus Island...

2010-11-23 07:45:00

HOUSTON, Nov. 23, 2010 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that it has selected OGN Group, a United Kingdom-based oil and gas engineering and fabrication contractor, to build a new satellite oil production platform for the UK Forties field. The new platform will be bridge-linked to the existing Forties Alpha installation in the Apache-operated field, located on the UK continental shelf. The contract is worth in excess of $240 million (150 million pounds...

2010-11-22 16:37:00

Houston, Nov. 22, 2010 /PRNewswire-FirstCall/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced changes in the leadership of its corporate and financial teams. "These promotions and new assignments will strengthen the Apache team as we address the challenges and multitude of opportunities ahead," said Roger Plank, Apache's president. "Apache is very fortunate to have an outstanding team of people who bring broad experience to the table and who have worked well together to...

2010-11-10 13:10:00

HOUSTON, Nov. 10, 2010 /PRNewswire-FirstCall/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that it has completed its merger with Mariner Energy (NYSE: ME). The merger closed today following its approval by Mariner's stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million in cash to Mariner stockholders. Apache also assumed Mariner's debt with current fair value of...

2010-11-04 12:19:00

HOUSTON, Nov. 4, 2010 /PRNewswire-FirstCall/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that a subsidiary has completed its acquisition of BP's oil and gas operations, acreage and infrastructure in Egypt's Western Desert. The transaction marks the final step in Apache's previously announced three-part acquisition of BP assets. Apache's subsidiary paid $650 million to acquire four development leases and one exploration concession across 394,300 acres. The assets have...