Apache will sell non-core assets in southern Louisiana and the Anadarko Basin for $1.4 billion as part of its strategic focus on its growing liquids production. Apache Corp. will sell non-core oil and gas assets in southern Louisiana and the Anadarko Basin in two transactions valued at approximately $1.4 billion as the company focuses on growing its North American onshore liquids production. The Houston-based company will sell its working interest in approximately 90,000 net acres of mature fields in southern Louisiana. Production from these fields, which have high decline rates and short reserve lives, produced around 21,000 barrels of oil equivalent per day – of which 62 percent was natural gas and natural gas liquids (NGL) – net to Apache during this year’s third quarter. Apache will retain its 275,000 mineral acres in southern Louisiana. In the Anadarko Basin, Apache will sell approximately 115,000 net acres in part of […]