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                                                                    EXHIBIT 99.1



               APACHE OFFERS $150 MILLION OF 20-YEAR SENIOR NOTES


CONTACTS:
(Media): Bill Mintz (713) 296-7276
(Investor): Robert Dye (713) 296-6662


Houston (January 29, 1998) -- Apache Corporation (NYSE: APA) today announced
that it has priced $150 million principal amount of 7.0 percent senior notes
that will mature on February 1, 2018. The notes were priced to yield 7.113
percent.

Net proceeds from the sale will be used to reduce existing short-term
obligations and for general corporate purposes.  Closing of the offering is
expected to occur on February 3, 1998. Interest on the notes is payable
semi-annually, commencing on August 1, 1998. The notes are not redeemable prior
to maturity.

Merrill Lynch is the lead underwriter for the offering. Goldman, Sachs & Co.;
Lehman Brothers; and J.P. Morgan & Co. are co-managers.

Apache Corporation is a large oil and gas independent with operations in North
America, Egypt, Western Australia, Poland, People's Republic of China,
Indonesia and Cote d'Ivoire. Its shares are traded on the New York and Chicago
stock exchanges.


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