Apache Corp. - 2010-12-03

Intends to redeem the 7.5% notes, the 8% notes and 35 percent of the 11.75% notes on Dec. 13, and the remaining 65% of the 11.75% notes on Dec. 14. Will also redeem 35% of the 11.75% notes with the proceeds of a private equity offering; to issue 123 million membership units to its parent company in exchange for $123 million prior to Dec. 13.