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Apache selling Australian subsidiary for $2.1 billion

2015-04-09 10:54:41| Oil & Gas - Topix.net

" Apache Corp. says it is selling its Australian oil exploration and production subsidiary for $2.1 billion in cash. The Houston-based company said Wednesday that a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. agreed to buy Apache Energy Ltd. The assets of Apache Energy Ltd. and its subsidiaries averaged production of roughly 49,000 barrels of oil equivalent per day in March.

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