A South Korean private equity fund led by Korea Development Bank (KDB) has acquired gas assets from U.S. oil and gas company Apache Corp for $200 million, KDB said on Monday. KDB said in a statement that its private equity fund, which includes South Korea's top refiner SK Energy as a partner, had purchased 490 gas rigs in East Texas, jointly with U.S. Patara Oil & Gas.
Apache Corporation (Apache) is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. Shares of APA traded higher by 4.01% or $3.76/share to $97.48.In the past year, the shares have traded as low as $73.04 and as high as $134.13. Resistance level is $105 and support level is $86.
Apache Corporation (Apache) is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. Shares of APA traded higher by 4.01% or $3.76/share to $97.48.In the past year, the shares have traded as low as $73.04 and as high as $134.13. Resistance level is $105 and support level is $86.
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