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Thursday, November 20, 2014

Apache Corp to sell oil and gas assets for $1.4 bln, (NYSE: APA)

Apache Corp said it would sell oil and gas assets in southern Louisiana and the Anadarko Basin, spanning western Oklahoma and the Texas panhandle, for about $1.4 billion in two separate deals. The company also said it expected oil and natural gas liquids production in North America to rise 12-16 percent in 2015, after adjusting for asset sales.

Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Shares of APA fell by 0.03% or $-0.02/share to $72.05. In the past year, the shares have traded as low as $69.28 and as high as $104.57. On average, 3460580 shares of APA exchange hands on a given day and today's volume is recorded at 4645121.