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BP just found the money for the whole cleanup and then some...
Posted on 7/20/10 at 3:56 pm
Posted on 7/20/10 at 3:56 pm
HOUSTON, July 20, 2010 /PRNewswire via COMTEX News Network/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced it has agreed to acquire all of BP's oil and gas operations, acreage and infrastructure in the Permian Basin of West Texas and New Mexico and Egypt's Western Desert. Apache also will acquire substantially all of BP's upstream natural gas business in western Alberta and British Columbia. Apache will pay $7 billion for the assets, which include estimated proved reserves of 385 million barrels of oil equivalent (boe).
2
Posted on 7/20/10 at 4:04 pm to htownjeep
Are you serious!!!! Damn Apache is gearing up to walk with the big boys.
Posted on 7/20/10 at 4:07 pm to back9Tiger
Yeah. Sorry I didn't provide link on original. LINK
Posted on 7/20/10 at 4:10 pm to htownjeep
No worries, I found the story online.
Posted on 7/20/10 at 4:21 pm to back9Tiger
Apache has been and is planning to make some big moves here soon. They are also have a deal in the works to buy 10B of BP holdings in Alaska. Also has been talks of them making some moves SE Asia as well as Australia.
Posted on 7/20/10 at 4:29 pm to GREENHEAD22
Not to mention when they bought all of Devon's offshore assets they had to aquire Mariner just to have the manpower to do it. Thay are making a strong push. Hope they don't over extend.
Posted on 7/20/10 at 4:33 pm to back9Tiger
Forgot about them buying Devon, what was the other big purchase they had a couple of years ago?
Posted on 7/20/10 at 4:34 pm to back9Tiger
:nana: DAMN life is so good right now!!!!!!
Posted on 7/20/10 at 4:42 pm to GREENHEAD22
quote:
Forgot about them buying Devon, what was the other big purchase they had a couple of years ago?
We just bought Devon in April for $1.05 billion cashola on the 12th. Then turned around and then merged with Mariner on the 15th.
Well over 900 platforms in The Gulf right now and the biggest lease holder - BY FAR!!!
When I did my first job for Apache, they had 4 platforms in The Gulf so they are rockin' & rollin'.
They also just direct hired about 100 Island Operators platform hands - Those cats will be rollin' in the yearly bonuses.
Posted on 7/20/10 at 4:50 pm to LSUKNUT
quote:
We just bought Devon in April for $1.05 billion cashola on the 12th
I assume you meant buying Devon's shelf assets?
Posted on 7/20/10 at 4:55 pm to TigerDog83
quote:
I assume you meant buying Devon's shelf assets?
Sorry yes, They did keep all their onshore property as the company decided at the first of the year to put all their focus into strictly land work. I know a bunch of company men that went with them up to the Dallas area.
Devon was an awesome company to work for as well. They believed in the bonus program and never seemed to mind sharing the wealth.
Posted on 7/20/10 at 6:55 pm to LSUKNUT
quote:
LSUKNUT
You are obviously affiliated with APA. Is that something you can talk about? They are a good customer of mine in the GOM.
Posted on 7/20/10 at 7:10 pm to Douboy
quote:
You are obviously affiliated with APA. Is that something you can talk about? They are a good customer of mine in the GOM.
10 - 1 says you and I probably already know each other or have run into each other. I worked on the drilling side for APA my first 10 years offshore before working for them exclusively for the last 5 years. Who do you peddle tools for?
Posted on 7/20/10 at 7:24 pm to LSUKNUT
quote:
who do you peddle tools for?
Haha :) I am a boat guy, although I don't do any drilling operations with them. Only construction and production.
Posted on 7/20/10 at 9:10 pm to htownjeep
As a pbt shareholder.
Posted on 7/20/10 at 9:56 pm to T Ba Doe Tiger
quote:
the biggest lease holder - BY FAR!!!
largest holder of producing shelf leases. Apache is not the largest leaseholder in the GOM.
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