Nov 5, 2010

Big day for Apache Corp with huge 3Q profits and BP asset acquisition



Apache Corp announces a 74 percent spike in quarterly profits, the same day it finalizes the acquisition of BP assets in Egypt.
The same day Apache Corporation, the largest U.S. independent oil and gas producer, announces a 74 percent quarterly profit, the company finalizes its acquisition of BP Assets located in the Western Desert of Egypt. The transaction indicates the last step in a three-part acquisition process that includes gas operations, acreages and infrastructure.
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Source: Energy Digital

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