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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 22, 1999



                               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 January 22, 1998, Apache Corporation ("Apache") filed a Registration
Statement (the "Registration Statement") on Form S-3 (Registration No.
333-44731) with the Securities and Exchange Commission ("SEC") under the
Securities Act of 1933, as amended (the "Act"). The Registration Statement,
which was declared effective by the SEC on January 28, 1998, covers debt
securities of Apache, for delayed or continuous offering pursuant to Rule 415
under the Act for an aggregate initial offering price not to exceed $300
million. Reference is made to the Registration Statement for further information
concerning the terms of such debt securities and the offering thereof. The debt
securities are issuable under an indenture, dated as of February 15, 1996 and
supplemented as of November 5, 1996 (the "Indenture"), between the Registrant
and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

         Pursuant to a Terms Agreement dated June 22, 1999 and the Underwriting
Agreement Basic Terms incorporated by reference therein (collectively, the
"Underwriting Agreement"), by and among Apache and Bear, Stearns & Co. Inc. and
Warburg Dillon Read LLC (the "Underwriters"), Apache issued to the Underwriters,
for offering to the public, U.S. $150,000,000 principal amount of 7.625% Senior
Notes due July 1, 2019 (the "Senior Notes") on June 25, 1999, under the
Indenture. The Terms Agreement, Underwriting Agreement Basic Terms, and the form
of 7.625% Senior Notes due July 1, 2019 are listed under Item 7 as Exhibits 1.1,
1.2 and 4.1, respectively, and are incorporated herein by reference.

         Apache's press release relating to the Senior Notes is listed under
Item 7 as Exhibit 99.1 and is 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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     *1.1                  Terms Agreement, dated June 22, 1999, among Apache
                           Corporation and the Underwriters.

      1.2                  Underwriting  Agreement  Basic Terms  (incorporated
                           by reference to Exhibit 1.1 to Registrant's Current
                           Report on Form 8-K, dated January 29, 1998, SEC File
                           No. 1-4300).

     *4.1                  Form of 7.625% Senior Notes due 2019.

    *99.1                  Press Release, dated June 23, 1999, "Apache Sells
                           $150 Million of 20-Year Senior Notes Yielding 7.687
                           Percent".



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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 28, 1999                     /s/ Z. S. KOBIASHVILI
                                         ---------------------------------------
                                         Z. S. Kobiashvili
                                         Vice President and General Counsel




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                                  EXHIBIT INDEX




EXHIBIT NO.                DESCRIPTION
- -----------                -----------
                        
     *1.1                  Terms Agreement, dated June 22, 1999, among Apache
                           Corporation and the Underwriters.

      1.2                  Underwriting  Agreement  Basic Terms  (incorporated
                           by reference to Exhibit 1.1 to Registrant's Current
                           Report on Form 8-K, dated January 29, 1998, SEC File
                           No. 1-4300).

     *4.1                  Form of 7.625% Senior Notes due 2019.

    *99.1                  Press Release, dated June 23, 1999, "Apache Sells
                           $150 Million of 20-Year Senior Notes Yielding 7.687
                           Percent".




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*filed herewith