Apache finalizes $1.05B purchase of Devon's Gulf properties

06/11/2010 | Canadian Business

Apache has completed its $1.05 billion purchase of Devon Energy's oil and gas properties in the Gulf of Mexico. The assets had "net proved and probable reserves of 83 million barrels of oil equivalent" by year-end 2009, according to this article, and Apache expects a daily output of 9,500 barrels of liquid hydrocarbons and 55 million cubic feet of natural gas.

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