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COMPANY NEWS: Apache to acquire Repsol-YPF's Egyptian interests

01/29/2001
Apache Corp., Houston, continues to wield its purchasing power in scooping up more assets that will strengthen its core areas of operations. Apache said early last week that it will buy essentially all of Repsol-YPF SA's exploration and production properties in Egypt's western desert for $410 million.In merger and acquisition news, Can- adian oil and gas firms experienced yet another spurt of M&A activity recently:Anderson Exploration Ltd. offered to purchase Numac Energy Inc. in a friendly takeover worth $960 million (Can.), including $135 million in debt.A unit of Alberta Energy Co. Ltd. (AEC), Calgary, bought privately owned Ballard Petroleum LLC, Billings, Mont., for $340 mill...
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