Apache Sells O&G Assets for $1.4bn

Baker Hughes

Apache Corp. has agreed to sell non-core southern Louisiana oil and gas assets along with other assets for approximately $1.4 billion in two separate transactions.

In southern Louisiana, Apache agreed to sell its working interest in approximately 90,000 net acres. These mature fields, which are characterized by high decline rates and short reserve lives, produced approximately 21,000 barrel of oil equivalent (BOE) per day (62% gas and NGLs) net to Apache during the third quarter of 2014. Apache will retain its 275,000 mineral acres in south Louisiana.

In a related transaction, Apache agreed to sell approximately 115,000 net acres in a portion of its Stiles Ranch field in Wheeler County, Texas, and in its Mocane- Laverne and Verden fields in western Oklahoma. Net production from these properties averaged 26,000 BOE per day (83% gas and NGLs) during the third quarter of 2014.

LNG
Expo


Policy Considered for NG Modernization Cost Recovery


Eisenhower’s Energy Vision


Repsol Discovers Oil Offshore at León


Apache Sells O&G Assets for $1.4bn


Oil & Gas Education News


Plains All American to Build Pipeline from Duncan to Longview


Continental Completes Four Springer Wells in SCOOP


Venture Global to Develop LNG Export Facility


Hess Plans Offshore Development of Stampede


Halcon Scales Back In Tuscaloosa Marine Shale


1920s West Texas: One of Halliburton’s First Vehicles


Energy Department Authorizes Freeport LNG for Export


Railroad Commission Amends Disposal Well Rules


Energy Scene: Road Trip Across America’s Shale Play


Monarch Launches Open Season


Continental Joint Venture to Develop Northwest Cana Woodford Shale


Time For a Reasonable Assessment of Oil Prices


Therm Dynamics Mid-Continent Dealer: Globec Resources, LLC


Make a #TwitterResolution


EPA: Oil Reserves Surpass 36bn barrels


Halliburton to Acquire Baker Hughes


Oil and Natural Gas Inspection: Training, Discipline, and Maximizing Pipeline Pilum


Bill to Approve Keystone XL Pipeline Fails in Senate


J-W to Acquire BHP’s Northern Louisiana Properties


Q & A With Jason Spiess: Innovation


Partnership to Build NGL Pipeline


Plains All American to Acquire Interest in BridgeTex


Chevron Makes Offshore Oil Discovery in Wilcox Sands


1950s Gulf of Mexico: Early Noble Drilling Offshore Rig


A Winning Combination! -Triple-play for the oil and gas industry


American Energy Minerals Raises $500m


Letter from the Publisher


The Oil and Gas Knowledge Curve: Young Professionals in Energy Allows the Torch to be Passed & Knowledge Transfer to Flourish


Express PumpJacks


Cartoon In Closing: Texas Roughnecks Freeze Faster


TXOGA, Land Office File Suits against City of Denton


Louisiana Voters Approve Amendment 8


SCT&E LNG Receives DOE Approval for Export

E-Fuels
Expo