Apache Issues North American Onshore Update - Quick Facts

(RTTNews) - Apache Corp. (APA) announced it forecasts 2015 North American onshore liquids growth of 12 to 16 percent when adjusted for 2014 asset sales. On a BOE basis, the company projects 2015 North American onshore production growth of 8 to 12 percent. The company presented a five-year compounded annual production growth outlook for onshore North American liquids of 12 to 16 percent and 8 to 12 percent on a BOE basis.

The company announced it has agreed to sell working interest in approximately 90,000 net acres in southern Louisiana. Apache will retain its 275,000 mineral acres in South Louisiana. In a separate transaction in the Anadarko Basin, Apache agreed to sell approximately 115,000 net acres in a portion of its Stiles Ranch field in Wheeler County, Texas, and in its Mocane-Laverne and Verden fields in western Oklahoma.