HOUSTON — Bracewell & Giuliani LLP is representing Apache Corporation (NYSE, Nasdaq: APA) in the $1.4 billion sale of approximately 90,000 net acres in southern Louisiana and 115,000 net acres in the Anadarko Basin.
The fields in southern Louisiana produced approximately 21,000 BOE per day (62 percent gas and NGLs) during the third quarter of 2014. Apache will retain 275,000 mineral acres in the area.
The Anadarko Basin sale includes a portion of Apache’s Stiles Ranch field in Wheeler County, Texas and Mocane-Leverne and Verden fields in western Oklahoma. These properties averaged 26,000 BOE per day (83 percent gas and NGLs) during the third quarter of 2014.
Both transactions are expected to close in the fourth quarter of 2014.
Bracewell attorneys working on these transactions include:
Partners: G. Alan Rafte, Daniel E. Hemli, Bruce R. Jocz, Mark K. Lewis, Elizabeth L. McGinley, D. Kirk Morgan II and Heather M. Palmer
Counsel: Jacqueline R. Java
Associates: Christopher J. Miller, Rebecca L. Baker, Aaron N. Carpenter, George D. Fatula and Will M.Thanheiser