Apache Corp. (APA) closed the sale of Apache Energy Ltd., the Australian subsidiary, to a private-equity fund consortium managed by Macquarie Corporate Holdings Ltd. and Brookfield Asset Management Inc., the company said June 4.
Total proceeds of $1.9 billion are net of $225 million in customary post-closing adjustments between the effective date and the closing date, the company said. The effective date was Oct. 1, 2014.
Houston-based Apache Corp. explores and produces oil and natural gas worldwide.