Apache to get $214M from sale of Canadian assets to Ember Resources

08/16/2013 | Financial Post (Canada)

Apache will get about $214 million from the sale of its oil and natural gas assets in Alberta, Canada, to Ember Resources. The transaction covers over 2,700 wells that produced 67 million cubic feet of natural gas and 237 barrels of liquid hydrocarbons per day on average in the second quarter. Canadian regulators still need to approve the deal, which is expected to be finalized in the third quarter.

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