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APACHE ANNOUNCES PUBLIC OFFERING OF 5.3 MILLION SHARES OF COMMON STOCK

 HOUSTON, March 10 /PRNewswire/ -- Apache Corp. (NYSE: APA) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a public offering of 5.3 million shares of common stock. Following their placement, the shares being offered will represent approximately 10 percent of Apache's total shares outstanding.
 Apache intends to use the net proceeds from the public offering to reduce bank debt incurred in connection with the company's recent acquisitions and for other general corporate purposes.
 Of the common stock to be offered, 300,000 shares, originally issued to Amoco Production Co. in connection with Apache's acquisition of a wholly owned subsidiary of Amoco's, are being sold by Amoco Foundation Inc.
 Representatives of the underwriters for the sale are Merrill Lynch & Co., The First Boston Corp., S.G. Warburg Securities and Petrie Parkman & Co.
 Apache is an independent energy company engaged in the exploration for and development and production of natural gas and crude oil. The company's securities are traded on the New York and Midwest Stock Exchanges (symbol APA).
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A prospectus describing these securities may be obtained from Merrill Lynch & Co., World Financial Center, North Tower, 250 Vesey St., New York, NY 10281.
 -0- 3/10/93
 /CONTACT: Jeanne Buchanan of Apache, 713-296-6155/
 (APA)


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

BB -- DV004 -- 4640 03/10/93 11:32 EST
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Publication:PR Newswire
Date:Mar 10, 1993
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