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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 18, 1998
APACHE CORPORATION
(Exact name of registrant as specified in Charter)
Delaware 1-4300 41-0747868
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
2000 Post Oak Boulevard
Suite 100
Houston, Texas 77056-4400
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (713) 296-6000
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ITEM 5. OTHER EVENTS
On June 18, 1998, Apache Corporation ("Apache") announced the
formation of a strategic alliance with CINergy Corporation ("CINergy") to
market Apache's natural gas production from North America, and Apache and Oryx
Energy Company ("Oryx") sold Producers Energy Marketing LLC ("ProEnergy") to
CINergy for $42.5 million (subject to adjustments), of which 57 percent relates
to Apache's interest.
ProEnergy will continue to market Apache's North American natural gas
production for ten years, with an option to terminate after six years, under an
amended and restated gas purchase agreement effective July 1, 1998.
The amended and restated gas purchase agreement, dated effective July
1, 1998, and Apache's press release relating to this matter are listed under
Item 7 as Exhibits 10.1 and 99.1, respectively, and are incorporated herein by
reference.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS.
EXHIBIT NO. DESCRIPTION
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*10.1 Amended and Restated Gas Purchase Agreement, dated
effective July 1, 1998, by and among Apache
Corporation and MW Petroleum Corporation, as Seller,
and Producers Energy Marketing, LLC, as Buyer.
*99.1 Press Release, dated June 18, 1998, "Apache Announces
Marketing Alliance with CINergy".
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*filed herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this current report on Form 8-K to be signed on its
behalf by the undersigned thereunto duly authorized.
APACHE CORPORATION
Date: June 23,1998 /s/ Z. S. Kobiashvili
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Z. S. Kobiashvili
Vice President and General Counsel
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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*10.1 Amended and Restated Gas Purchase Agreement, dated
effective July 1, 1998, by and among Apache
Corporation and MW Petroleum Corporation, as Seller,
and Producers Energy Marketing, LLC, as Buyer.
*99.1 Press Release, dated June 18, 1998, "Apache Announces
Marketing Alliance with CINergy".
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*filed herewith