Apache completes sale of Argentinian assets to YPF

3/13/2014

Apache completes sale of Argentinian assets to YPF

HOUSTON -- Apache Corporation has completed the sale of its Argentinian operations and properties to YPF Sociedad Anonima for cash payment of $800 million plus the assumption of $52 million of bank debt as of June 30, 2013.

''This transaction essentially marks the end of a process that Apache began last year to rebalance its portfolio to focus on assets in North America that can grow more predictably combined with international assets that generate substantial free cash flow," said G. Steven Farris, chairman, chief executive and president of Apache.

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