Apache Expands Options to Transport Permian Natural Gas With Agreement for Incremental Takeaway Capacity to Texas Gulf Coast

HOUSTON, Dec. 21, 2017 (GLOBE NEWSWIRE) — Apache Corporation (NYSE:APA) (Nasdaq:APA) today announced it had secured 500 million cubic feet (MMCF) per day of natural gas transport capacity via the Gulf Coast Express Pipeline Project (GCX Project). The GCX Project will connect the Waha Hub near Coyanosa, Texas in the Permian Basin to Agua Dulce, Texas near the Texas Gulf Coast, and will provide Apache access to domestic industrial and utility users as well as incremental demand for LNG exports and Mexico markets. As a significant shipper on the GCX line, Apache has also secured an option for up to 15 percent equity stake in the pipeline.