Apache Corporation : Apache to sell Lucius and Heidelberg Gulf of Mexico Developments for $1.4 billion

HOUSTON, May 8, 2014 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that its Gulf of Mexicosubsidiary will sell non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) for $1.4 billion. The effective date of the transaction is May 1, 2014. The sale is subject to customary closing conditions and is expected to close by June 30, 2014.



Apache Corporation : Apache to sell Lucius and Heidelberg Gulf of Mexico Developments for $1.4 billion