Exhibit 99.1


CONTACTS:

(MEDIA):     TONY LENTINI           (713/296-6227)
             BILL MINTZ             (713/296-7276)

(INVESTOR):  ROBERT DYE             (713) 296-6662

(WEB SITE):  WWW.APACHECORP.COM


                                           FOR RELEASE AT 7:02 A.M. CENTRAL TIME


            APACHE DUALLY LISTING ITS COMMON STOCK ON NASDAQ AND NYSE

         HOUSTON, Jan. 12, 2004 - Apache Corporation (Ticker: APA) announced
today that the company will be dually listing its common stock on NASDAQ as well
as the New York Stock Exchange, pending application approval by NASDAQ.

         "Over the years, Apache has thrived on competition. We believe that it
will be good for the exchanges as well, and therefore beneficial to
shareholders," said G. Steven Farris, Apache president and chief executive
officer. "After dual listing, investors will see the same consolidated stock
price for Apache under its existing three-letter stock symbol, APA, on whichever
quote service they use."

         In addition to Apache, NASDAQ has announced that Walgreens, HP,
Countrywide Financial, Charles Schwab and Cadence are listing on both exchanges.

         Apache Corporation is a large oil and gas independent with core
operations in the United States, Canada, the United Kingdom North Sea, Australia
and Egypt.


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