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APACHE PROPERTIES FETCH $12.2 MILLION

 APACHE PROPERTIES FETCH $12.2 MILLION
 DENVER, Dec. 2 /PRNewswire/ -- Apache Corp. (NYSE: APA) today


announced that the sale of two property packages generated $12.2 million in cash.
 Apache, in its exit from the Denver-Julesberg (D-J) basin, sold interests in 70 properties located primarily in Weld, Adams and Arapahoe counties, Colorado, to Vessels Oil & Gas Co., a major producer in the D-J basin. Recent daily production averaged two million cubic feet of gas and 70 barrels of oil.
 In a separate transaction, Apache sold to General Atlantic Resources Inc. its interests in the Pine and Pennel waterflood units in Fallon, Prairie and Wibaux counties, Montana. The 300 wells have been producing approximately 460 barrels of oil per day.
 The identified properties were largely held by MW Petroleum Corp. which Apache acquired from Amoco Production Co. in July of this year. With these transactions, effective Oct. 1, Apache's dispositions proceeds since the MW acquisition total $154.4 million, putting the company a full year ahead of its year-end 1992 target to raise $150 million through property dispositions to reduce long-term debt.
 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).
 -0- 12/2/91
 /CONTACT: Jeanne Buchanan of Apache Corp., 303-837-5017/
 (APA) CO: Apache Corp. ST: Colorado IN: OIL SU: RLE


MC -- DV002 -- 8329 12/02/91 11:58 EST
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Publication:PR Newswire
Date:Dec 2, 1991
Words:247
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