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APACHE BOARD AUTHORIZES STOCK REPURCHASE PLAN OF 5 MILLION SHARES; DECLARES 108TH CONSECUTIVE QUARTERLY DIVIDEND

 HOUSTON, Dec. 9 /PRNewswire/ -- Apache Corp. (NYSE: APA) today announced that its Board of Directors has authorized the company to purchase up to 5 million shares of Apache common stock.
 Apache indicated that the authorization puts the company in a position to buy back shares from time-to-time as conditions may warrant in either open-market purchases or privately negotiated transactions.
 Also today, Apache's Board declared the 108th consecutive quarterly dividend on the company's common stock. The dividend is payable on Jan. 31, 1994, to shareholders of record on Dec. 31, 1993, at the rate of $.07 per share.
 Apache Corp. 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 (symbol APA).
 -0- 12/9/93
 /CONTACT: John Kelso of Apache, 713-296-6154/
 (APA)


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

JB-MF -- LA033 -- 2312 12/09/93 15:30 EST
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Publication:PR Newswire
Date:Dec 9, 1993
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