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A&D - Apache poised for Eastern Shelf exit, places waterflood on market - October 2019
Apache is preparing to make a full exit from the Eastern Shelf of the Permian Basin, retaining Detring Energy Advisors to assist in the sale of primarily operated waterflood assets. The assets for sale cover 35,826 net acres held with an average 96% WI across four operated areas—Greater Sharon Ridge, Round Top, Forbes and Cogdell—and the nonoperated Rhombochasm area. Current low-decline net production of 1,410 boe/d (89% oil) is estimated to generate annual operating......
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