HOUSTON, April 10, 2015 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) today announced that it has completed the previously disclosed sale of its 50 percent interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited (ASX: WPL). Total proceeds of $854 million include $354 million in adjustments for reimbursement of net expenditures on the project, changes in working capital and other contractual adjustments for the period between the effective date, July 1, 2014, and closing.
Apache Corporation is an oil and gas exploration and production company with operations in the United States,Canada, Egypt, the United Kingdom and Australia. Apache posts announcements, operational updates, investor information and press releases on its website, www.apachecorp.com, and on its Media and Investor Center mobile application, which is available for free download from the Apple App Store and the Google Play Store.
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