OGJ Newsletter

10/07/2013
IntGENERAL INTEREST — Quick Takes Fieldwood closes on acquisition of gulf shelf assets Fieldwood Energy LLC has closed its previously announced $3.75 billion acquisition of Gulf of Mexico shelf operations and properties from Apache Corp. Apache kept a 50% stake in all exploration blocks and in horizons below production in developed blocks, where high-potential deep hydrocarbon plays are being tested (OGJ Online, July 18, 2013). G. Steven Farris, Apache chairman and chief executive officer, said the transaction helps the company toward its goal of rebalancing Apache's assets toward properties that can drive more predictable production growth, including onshore liquids assets in North Ame...
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