A PYMNTS Company

US: Early termination for Apache assets’ $3.75B sale review

By  |  August 5, 2013

US antitrust regulators approved the sale of oil conglomerate Apache’s Gulf of Mexico Continental Shelf properties in a deal made to Fieldwood Energy for $3.75 billion. The assets were previously sold to Apache by BP for $1.3 billion in 2006. Reports say the deal was cleared under an early termination of the review by the US Department of Justice Antitrust Division. First announced on July 18, the sale marks the first acquisition by Fieldwood, which was established in December of last year. Reports say the Gulf of Mexico fields produced total reserves of about 239 million barrels of oil equivalent.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Platts

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.