Apache Corporation Represented by Bracewell in $1.4 Billion Sale of Deepwater Gulf Projects

Bracewell LLP represented Apache Corporation’s (NYSE: APA) Gulf of Mexico subsidiary with the sale of its non-operated interests in the Lucius and Heidelberg deepwater Gulf of Mexico developments to a subsidiary of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) for $1.4 billion.

Apache will also sell 11 other deepwater exploration blocks that are in their primary term, the early period of well drilling. The deal is expected to close by June 30, 2014.

Bracewell attorneys involved in the transaction include:

Partners: G. Alan Rafte, Elizabeth L. McGinley, D. Kirk Morgan II,Tim Wilkins and Daniel E. Hemli

Counsel: Jacqueline R. Java

Associates: Christopher J. Miller and Vivian Y. Ouyang

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