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APACHE ANNOUNCES RESULTS OF DEBENTURE CALL

 HOUSTON, Oct. 1 /PRNewswire/ -- Apache Corp. (NYSE: APA) today announced that virtually all of the holders of the company's outstanding 7-1/2 percent convertible debentures due 2000, which were recently called for redemption, elected to receive common stock in lieu of cash.
 Of the $150 million total principal amount, $149,908,000 of the debentures will be converted into common stock at $19.18 per share. The conversion increases total shares outstanding by 15 percent, or approximately 7.8 million shares. The remaining debentures not converted into stock will be redeemed for cash.
 Apache is an independent energy company engaged in exploration for and development and production of natural gas and crude oil. The company's securities are traded on the New York and Chicago Stock Exchanges.
 -0- 10/1/93
 /CONTACT: Jeanne Buchanan of Apache, 713-296-6155/
 (APA)


CO: Apache Corp. ST: Texas IN: OIL SU:

MC -- DV004 -- 7751 10/01/93 11:30 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
Words:154
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