One-Page Deal Sheet
Freeport-McMoRan Picks Up Apache's Lucuis, Heidelberg GoM Assets
Freeport-Mcmoran Inc. Apache Corp
Announced Date
May 08,2014
Effective Date
May 01,2014
Close Date
June 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
919
Asset/Basin:
{"Gulf of Mexico"}
Transaction Details: Subscribe to see
Closing Announcement - June 30, 2014
Apache Corporation has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold Inc. (FCX) and other interest owners for $1.4 billion.
Certain working interest owners in the Lucius oil development exercised their preferential rights to purchase their pro-rata share of Apache's interests in Lucius on the same terms as those negotiated by Freeport-McMoRan.
Initial Announcement - May 8, 2014Apache…
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