Apache completes sale of Argentina Assets to YPF

               Apache completes sale of Argentina Assets to YPF

PR Newswire

HOUSTON, March 12, 2014

HOUSTON, March 12, 2014 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA)
today announced it has completed the previously disclosed sale of its
Argentina operations and properties to YPF Sociedad Anonima for cash payment
of US $800 million plus the assumption of $52 million of bank debt as of June
30, 2013.

Logo for the Apache Corporation (NYSE, Nasdaq: APA). More information about
Apache can be found at www.apachecorp.com.

"This transaction essentially marks the end of a process that Apache began
last year to rebalance its portfolio to focus on assets in North America that
can grow more predictably combined with international assets that generate
substantial free cash flow," said G. Steven Farris, chairman, chief executive
and president of Apache. "Going forward, Apache is committed to visible and
repeatable production growth, fiscal discipline with a rate of return focus,
and safe, efficient operations."

About Apache

Apache Corporation is an oil and gas exploration and production company with
operations in the United States, Canada, Egypt, the United Kingdom and
Australia. Apache posts announcements, operational updates, investor
information and copies of all press releases on its website,
www.apachecorp.com, and on its Media and Investor Center mobile application,
which is available for free download from the Apple App Store and the Google
Play Store.

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 our drilling
plans and production expectations, asset sales and monetizations. 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 2013 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
release speaks only as of the date on which it is made. Factors or events that
could cause our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We undertake no obligation to
publicly update any forward-looking statement, whether as a result of new
information, future development, or otherwise, except as may be required by
law.

APA-G, APA-F, APA-R

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SOURCE Apache Corporation

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