Monday, January 23, 2012

Apache increases liquids-rich assets in Anadarko Basin with the acquisition of Cordillera Energy

Apache is back with the big acquisition of privately owned Cordillera Energy Partners for $2.85 billion. In the last two years, Apache strengthened its US position through the acquisition of Devon’s GoM Shelf assets for $1.1B, Mariner Energy for $3.9B and BP’s Permian Basin for $3.1B.

Cordillera Energy has assembled assets across Granite Wash,Tonkawa, Cleveland and Marmaton plays. Apache doubles its acreage in a highly liquids-rich fairway in the Anadarko Basin though this acquisition.

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