HOUSTON, April 10, 2015 /PRNewswire/ -- Apache Corporation
(NYSE, Nasdaq: APA) today announced that it has completed the
previously disclosed sale of its 50 percent interest in the Kitimat
LNG project and related upstream acreage in the Horn River and
Liard natural gas basins in British
Columbia, Canada, to Woodside Petroleum Limited (ASX: WPL).
Total proceeds of $854 million
include $354 million in adjustments
for reimbursement of net expenditures on the project, changes in
working capital and other contractual adjustments for the period
between the effective date, July 1,
2014, and closing.
About Apache
Apache Corporation is an oil and gas exploration and production
company with operations in the United
States, Canada,
Egypt, the United Kingdom and Australia. Apache posts announcements,
operational updates, investor information and press releases on its
website, www.apachecorp.com, and on its Media and Investor Center
mobile application, which is available for free download from the
Apple App Store and the Google Play Store.
Forward-looking statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by words such as "anticipates,"
"intends," "plans," "seeks," "believes," "estimates," "expects" and
similar references to future periods. While forward-looking
statements are based on assumptions and analyses made by us that we
believe to be reasonable under the circumstances, whether actual
results and developments will meet our expectations and predictions
depend on a number of risks and uncertainties which could cause our
actual results, performance, and financial condition to differ
materially from our expectations. See "Risk Factors" in our 2014
Form 10-K filed with the Securities and Exchange Commission for a
discussion of risk factors that affect our business. Any
forward-looking statement made by us in this news release speaks
only as of the date on which it is made. Factors or events that
could cause our actual results to differ may emerge from time to
time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
development, or otherwise, except as may be required by law.
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SOURCE Apache Corporation