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Article: Apache to Sell 10 MMcf Per Day for $4.10 Per MMBtu Through Argentina's Gas Plus Program.

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PR Newswire
Article date:
November 9, 2009
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HOUSTON, Nov. 9 /PRNewswire-FirstCall/ -- Apache Corporation ( NASDAQ: APA) today announced that Argentina's Federal Energy Secretariat has approved Apache Argentina's Gas Plus project to supply 10 million cubic feet (MMcf) per day from the Guanaco and Ranquil-Co fields in Neuquen province to Compania Administradora del Mercado Mayorista Electrico (CAMMESA) at a price of US$4.10 per million British thermal units (MMBtu) for one year beginning in January 2010.

The approval is Apache's second under the government's Gas Plus program to bring on new supplies through development of tight sands and unconventional gas reserves. To date, Apache is the only company ...

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