Apache Corporation said Tuesday it has agreed to sell some oil and gas producing properties in Canada for US$112 million (CAN$117 million).

Properties being sold include holdings in Hatton, St. Lina, Marten Hills, Snipe Lake, Valhalla, and a portion of its Hawkeye acreage.

Most are primarily dry gas developments in Saskatchewan and Alberta.

They comprise about 4,000 operated and 1,300 non-operated wells with average daily production of 38 million cubic feet of natural gas and 750 barrels of oil, condensate and natural gas liquids, net to Apache, during the second-quarter 2013.

Two transactions covering the properties are expected to close during the fourth quarter of 2013.

Last month, Apache announced the sale of its Nevis, North Grant Lands, and South Grant Lands assets, also in Alberta.

Including transactions involving properties and assets in Canada, the Gulf of Mexico and Egypt, Apache has announced divestments totaling nearly $7.2 billion.

Apache has operations in the U.S., Canada, Egypt, the United Kingdom, Australia and Argentina.



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