-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Bwm5UOeH/QKb6IeQ0tzYsEeeb0sJCof1L7YRaCgH6KczJxx1DNtwmE8ymUR14q2n VSWElIIzeMNE/8j40FDDHw== 0000950129-06-000414.txt : 20060119 0000950129-06-000414.hdr.sgml : 20060119 20060119151931 ACCESSION NUMBER: 0000950129-06-000414 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060117 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060119 DATE AS OF CHANGE: 20060119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APACHE CORP CENTRAL INDEX KEY: 0000006769 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 410747868 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04300 FILM NUMBER: 06538051 BUSINESS ADDRESS: STREET 1: 2000 POST OAK BLVD STREET 2: ONE POST OAK CENTER STE 100 CITY: HOUSTON STATE: TX ZIP: 77056-4400 BUSINESS PHONE: 7132966000 MAIL ADDRESS: STREET 1: 2000 POST OAK BLVD STREET 2: STE 100 CITY: HOUSTON STATE: TX ZIP: 77056-4400 FORMER COMPANY: FORMER CONFORMED NAME: APACHE OIL CORP DATE OF NAME CHANGE: 19660830 8-K 1 h32160e8vk.txt APACHE CORPORATION ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 17, 2006 APACHE CORPORATION (Exact name of registrant as specified in Charter) DELAWARE 1-4300 41-0747868 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification Number) 2000 POST OAK BOULEVARD SUITE 100 HOUSTON, TEXAS 77056-4400 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (713) 296-6000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ ITEM 8.01. OTHER EVENTS On January 17, 2006, Apache Corporation announced that it had agreed to purchase Pioneer Natural Resources' oil and gas operations in Argentina for a total purchase price of $675 million, subject to the exercise of third party preferential purchase rights. The full text of the press release announcing the transaction is listed under Item 9.01 as Item 99.1 and incorporated herein by reference. On the same date, Apache also announced that it had completed two transactions with Amerada Hess that were first announced in October 2005. In one transaction Apache completed the sale of its 55 percent interest in the deepwater section of Egypt's West Mediterranean Concession to Amerada Hess Corporation for $413 million. Apache also completed its purchase of Amerada Hess's interests in eight fields located in the Permian Basin of West Texas and New Mexico for $269 million. The number of properties involved in this transaction was reduced as a result of third parties exercising their preferential rights to purchase additional interests in some of the fields. The full text of the press release announcing the transaction is listed under Item 9.01 as Item 99.2 and incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS, AND EXHIBITS (c) EXHIBITS. EXHIBIT NO. DESCRIPTION 99.1 Press Release dated January 17, 2006, "Apache Expands Position in Argentina, Acquiring Pioneer's Operations." 99.2 Press Release dated January 17, 2006, "Apache, Amerada Hess Complete Transactions in Egypt, Permian." SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. APACHE CORPORATION Date: January 18, 2006 /s/ Roger B. Plank ---------------------------------------------------- Roger B. Plank Executive Vice President and Chief Financial Officer INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Press Release dated January 17, 2006, "Apache Expands Position in Argentina, Acquiring Pioneer's Operations." 99.2 Press Release dated January 17, 2006, "Apache, Amerada Hess Complete Transactions in Egypt, Permian."
EX-99.1 2 h32160exv99w1.txt PRESS RELEASE DATED JANUARY 17, 2006 EXHIBIT 99.1 CONTACTS: (MEDIA): TONY LENTINI (713) 296-6227 BILL MINTZ (713) 296-7276 (INVESTOR): ROBERT DYE (713) 296-6662 (WEB SITE): www.apachecorp.com APACHE EXPANDS POSITION IN ARGENTINA, ACQUIRING PIONEER'S OPERATIONS HOUSTON, Jan. 17, 2006 -- Apache Corporation (NYSE, Nasdaq: APA) today announced an agreement that will expand its Argentina presence through the negotiated acquisition of Pioneer Natural Resources' oil and gas operations in that country. The total purchase price for the assets is $675 million, a significant portion of which is made up of non-operated properties that are subject to preferential rights to purchase by existing owners. Due to the confidential nature of that information, Apache will provide additional background on the transaction after the preferential rights are cleared or exercised and the transaction is closed. "This acquisition is Apache's first real step in expanding our operations in Argentina, giving us a platform from which to pursue further growth," said G. Steven Farris, Apache's president and chief executive officer. "The majority of the operated properties are in the Neuquen Basin, where Apache presently is active on a small scale. We have found the rocks in the Neuquen Basin are friendly, and we believe that we can employ the know-how that we have successfully developed in growing our existing core areas to Argentina. "We want to thank Pioneer Natural Resources for the opportunity to work on this transaction with them," Farris said. Apache is a large oil and gas independent with core operations in the United States, Canada, the United Kingdom North Sea, Egypt, Australia and Argentina. -end- This news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 including, without limitation, expectations, beliefs, plans and objectives regarding the closing of the described transaction, and the available reserves and future production from the properties to be acquired. Any matters that are not historical facts are forward-looking and, accordingly, involve estimates, assumptions and uncertainties. There is no assurance that Apache's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements. EX-99.2 3 h32160exv99w2.txt PRESS RELEASE DATED JANUARY 17, 2006 EXHIBIT 99.2 CONTACTS: (MEDIA): TONY LENTINI (713) 296-6227 BILL MINTZ (713) 296-7276 (INVESTOR): ROBERT DYE (713) 296-6662 (WEB SITE): www.apachecorp.com FOR RELEASE AT 7:45 A.M. CENTRAL TIME APACHE, AMERADA HESS COMPLETE TRANSACTIONS IN EGYPT, PERMIAN BASIN HOUSTON, Jan. 17, 2006 -- Apache Corporation (NYSE, Nasdaq: APA) today said that it has completed the sale of its 55 percent interest in the deepwater section of Egypt's West Mediterranean Concession to Amerada Hess Corporation for $413 million. Apache also completed its purchase of Amerada Hess's interests in eight fields located in the Permian Basin of West Texas and New Mexico, six of which are operated, for $269 million. Apache estimates the acquired interests have proved reserves of 27 million barrels of liquid hydrocarbons and 27 billion cubic feet of natural gas equivalent at year-end 2005. The fields have a current net production of 3,000 barrels of oil, 6 million cubic feet of gas and 285 barrels of natural gas liquids per day. The number of properties involved in this transaction was reduced as a result of third parties exercising their preferential rights to purchase additional interests in some of the fields. Apache President and Chief Executive Officer G. Steven Farris said, "These transactions enable Apache to concentrate on our rapidly growing onshore concessions in Egypt's Western Desert while expanding our production in the United States." Apache Corporation is a large oil and gas independent with core operations in the United States, Canada, Egypt, Australia and the United Kingdom sector of the North Sea. -end- This news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 including, without limitation, expectations, beliefs, plans and objectives regarding production from acquired properties. Any matters that are not historical facts are forward-looking and, accordingly, involve estimates, assumptions and uncertainties. There is no assurance that Apache's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements. -----END PRIVACY-ENHANCED MESSAGE-----