Apache's Latest Horizontal Well At North Sea Bacchus Field Pushes Field Production To 17,600 Barrels Per Day

   Apache's Latest Horizontal Well At North Sea Bacchus Field Pushes Field
                     Production To 17,600 Barrels Per Day

PR Newswire

HOUSTON, Aug. 1, 2013

HOUSTON, Aug. 1, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA)
said today that the third well in the Bacchus Field in the United Kingdom
sector of the North Sea has pushed field production past 17,600 barrels of oil
per day. Apache has a 50 percent interest in the field.

The Bacchus B-1 development well, which commenced production in July,
currently is producing 9,400 barrels of oil per day. Apache logged 2,057 feet
net oil pay along a horizontal completion segment in high quality
Jurassic-aged Fulmar sandstone in the field's western fault block. Oil from
the Bacchus Field is produced through a subsea tie-back to Apache's Forties
Alpha platform.

Following the recent success at Bacchus, Apache has extended its current
Forties 3-D seismic survey area to cover other Jurassic development and
exploration targets in Apache licenses in the Bacchus area. The seismic survey
is expected to be completed in September.

Apache has brought three new fields – Bacchus, Maule and Tonto – on production
in the Forties area since 2009. All three developments qualified under the
United Kingdom government's small field allowance system, which provides
economic incentives for operators to bring these discoveries into production.

"Utilizing existing infrastructure within the Forties Field area enables
Apache to bring these smaller discoveries on production in a cost-effective
manner for the benefit of all stakeholders," said James L. House, region vice
president and managing director of Apache North Sea. "A little more than a
year after first production, Bacchus has produced 3 million barrels of oil and
has already paid out."

About Apache

Apache Corporation is an oil and gas exploration and production company with
operations in the United States, Canada, Egypt, the United Kingdom, Australia
and Argentina. Apache posts announcements, operational updates, investor
information and copies of all press releases on its website,
www.apachecorp.com.

Forward-looking statements

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements can be identified by words
such as "anticipates," "intends," "plans," "seeks," "believes," "estimates,"
"expects" and similar references to future periods. These statements include,
but are not limited to, statements about future plans, expectations, and
objectives for Apache's operations including statements about seismic and
exploration and development activities in the United Kingdom sector of the
North Sea. While forward-looking statements are based on assumptions and
analyses made by us that we believe to be reasonable under the circumstances,
whether actual results and developments will meet our expectations and
predictions depend on a number of risks and uncertainties which could cause
our actual results, performance, and financial condition to differ materially
from our expectations. See "Risk Factors" in our 2011 Form 10-K filed with the
Securities and Exchange Commission for a discussion of risk factors that
affect our business. Any forward-looking statement made by us in this news
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could cause our actual results to differ may emerge from time to time, and it
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information, future development, or otherwise, except as may be required by
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APA-K

SOURCE Apache Corporation

Website: http://www.apachecorp.com
Contact: Media: (713) 296-6100, Patrick Cassidy, or (281) 302-2646, John
Roper, or (713) 296-7276, Bill Mintz, or (713) 296-6662, Bob Dye, or Investor:
(281) 302-2286, Brady Parish, Castlen Kennedy, Christopher Cortez, or Alicia
Reis, Website: www.apachecorp.com
 
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