Apache Agrees To $214M Sale Of Canadian Oil, Gas Assets

Law360, New York (August 15, 2013, 2:00 PM EDT) -- Houston-based oil and gas exploration giant Apache Corp. has agreed to unload some of its Canadian properties in western Alberta for $214 million to Calgary-based natural gas producer Ember Resources Inc., Apache said Thursday.

The deal involves the sale of oil-and-gas-producing properties in the Nevis, North Grant Lands and South Grant Lands areas of western Alberta, according to a statement by Apache. The deal is expected to go through in the third quarter of this year, pending regulatory approvals, Apache said.

The move is the latest...
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