Apache to pay $7B for BP legacy assets

摘要

With an asset purchase package from BP plc, Apache Corp. will add proved reserves of 385 MMboe and production of 83,000 boe/d.For $7 billion, Houston-based Apache plans to acquire all of BP's oil and gas operations, acreage, and infrastructure in the Permian Basin of West Texas and New Mexico and Egypt's Western Desert. The company will also acquire substantially all of BP's upstream natural gas business in western Alberta and British Columbia.