Apache Corp.

Apache Corp. retained RBC Richardson Barr to sell its South Texas and Gulf Coast properties as it exits the region.

The properties consist of long lived, conventional oil and gas fields that have well-established, predictable production. Current net production is an estimated 26.4 million cubic feet equivalent per day (MMcfe/d). Gas represents 75% by volume and 55% by revenue.

The transaction is structured as a sale of assets, representing a regional exit. A single all-cash offer for all sale properties is the preferred structure. For information contact Craig Lande, RBC managing director, at craig.lande@rbccm.com or 713-585-3335.