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                                                                    Exhibit 99.2


                         [Apache Corporation Letterhead]




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 7:30 A.M. CENTRAL TIME


            APACHE FINANCE CANADA SELLS $300 MILLION OF 30-YEAR NOTES

                             YIELDING 7.839 PERCENT

         Houston (Dec. 9, 1999) - Apache Corporation (NYSE: APA) said today that
its Apache Finance Canada Corp. unit sold $300 million of 7.75 percent coupon
notes which will mature Dec. 15, 2029. The bonds were priced to yield 7.839
percent.

         Interest is payable semiannually on each June 15 and Dec. 15. The first
coupon is payable June 15, 2000. The notes are unconditionally guaranteed by
Apache Corporation.

         Proceeds of the issue will be used to repay commercial paper issued to
finance Apache's recent acquisition of producing properties and other assets in
Canada from Shell Canada Limited. Goldman, Sachs & Co. was lead manager for the
sale. The offering is expected to close Dec. 13, 1999.

         Apache Corporation is an independent oil and gas company with
operations in North America, Egypt, Western Australia, Poland and People's
Republic of China. Its common stock is sold on the New York and Chicago stock
exchanges.
                                      -end-