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APACHE RAISES $132 MILLION IN EQUITY OFFERING

 HOUSTON, March 31 /PRNewswire/ -- Apache Corp. (NYSE: APA) today announced that it has closed its previously announced public offering of common stock.
 After the underwriters exercised their over-allotment option to purchase an additional 795,000 shares, a total of 5,795,000 newly issued shares were sold to the public at a price of $23.75 each, producing gross proceeds to Apache of $132 million. An additional 300,000 shares of common stock originally issued in connection with an Apache acquisition were sold by Amoco Foundation Inc. through the offering.
 Apache intends to apply the proceeds from the public offering to reduce bank debt incurred in connection with the company's recent acquisitions and for other general corporate purposes.
 Managers of the sale were 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).
 -0- 3/31/93
 /CONTACT: Jeanne Buchanan of Apache, 713-296-6155/
 (APA)


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

MC -- DV002 -- 1412 03/31/93 10:19 EST
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Publication:PR Newswire
Date:Mar 31, 1993
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