Apache Corp Selling Specific Canadian Energy AssetsApache Corp. (APA) has agreed to sell some of its oil and gas properties in Canada for $117 million in two deals. The Houston based company will sell its Hatton, Marten Hills, St. Lina, Valhalla, and parts of its Hawkeye properties. The properties for sale mainly consist of dry gas developments in Alberta and Saskatchewan with about 4,000 wells operated by Apache and the remaining 1,300 non-operated. Average daily production from the properties is 38 million cubic feet (mcf) of natural gas and 750 barrels of oil, NGL, and condensate net to the company. While these deals are quite small, they are part of a total of $7 billion of announced divestments by Apache involving properties in Canada, Egypt and the Gulf of Mexico.

 

By CWAN Global Press

The Canadian Wealth Advisors Network (CWAN) was established in March of 2009 as an online forum where investment professionals share ideas and best practices that allow them to meet the growing needs of their clients. As the CWAN community grew and evolved, it was expanded to serve both advisors and investors. Garnet O. Powell, MBA, CFA is the Editor-in-Chief of the Canadian Wealth Advisors Network (CWAN) magazine. He is an investment management professional with more than 20 years of experience. linkedin.com/in/garnetpowell

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