Apache Announces Completion of Sale of Kitimat LNG

Apache Corporation (NYSE:APA) announced the completion of the sale of its fifty percent interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited (ASX: WPL).

As quoted in the press release,

Total proceeds of $854 million include $354 million in adjustments for reimbursement of net expenditures on the project, changes in working capital and other contractual adjustments for the period between the effective date, July 1, 2014, and closing.

Click here for the full Apache Corporation (NYSE:APA) press release