Description
Apache Corporation (Apache) is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. As of December 31, 2010, it had exploration and production interests in seven countries: the United States, Canada, Egypt, Australia, offshore the United Kingdom in the North Sea, Argentina, and Chile.
- Monday, January 23, 5:15 PM Apache's (APA +1.6%) $2.85B deal for Cordillera should boost Forest Oil's (FST +8.7%) valuation, R.W. Baird says, contending that based on what APA is paying for Cordillera's daily output in Texas' Granite Wash play, FST's enterprise value should rise to $3.7B from $3B. "One could argue Forest's non-Panhandle assets are effectively free at current market valuations," Baird adds.
- Monday, January 23, 2:45 AM Apache (APA) buys privately-held oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85B. Apache says the deal will more than double its acreage in the energy-rich Anadarko Basin.
