Apache Corp., Houston, (NYSE: APA) has acquired additional interests in Argentina's Tierra del Fuego province from Argentina-based Pan American Fueguina SRL for total consideration of US$429 million. Apache gained interests in seven concessions in Tierra del Fuego, and is now the operator. Along with the company's acquisition of Argentine assets from Pioneer Natural Resources Co., Dallas (NYSE: PXD) in April, production was increased by 7,621 barrels of oil per day to a total 8,960 barrels. Pro forma the acquisition, Apache's Argentina production is 148 million cubic feet of gas per day.
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