Apache Corp. said last week its recent equity offering has raised net proceeds of $433.9 million to fund this year’s acquisitions, including Occidental Petroleum’s interests in the Gulf of Mexico. So far, the company has announced or completed cash acquisitions totaling $860 million this year alone.
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Apache Raises $434M for Shopping Spree
Houston’s Apache Corp. said yesterday that its recent equityoffering has raised net proceeds of $433.9 million to fund thisyear’s acquisitions, including Occidental Petroleum’s interests inthe Gulf of Mexico. So far, the company has announced or completedcash acquisitions totaling $860 million this year alone.
August 3, 2000
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