Apache Corporation announced that its subsidiary has completed its acquisition of substantially all of BP's upstream natural gas business in western Alberta and British Columbia. The transaction is the second closing of Apache's previously announced three-part acquisition of BP assets.

Apache Canada Ltd. acquired assets with estimated proved reserves of 224 million barrels of oil equivalent (boe) and first-half 2010 net production of 46,500 boe per day. The acquisition includes 1.3 million net acres with significant positions in several emerging unconventional plays, including the Montney, Cadomin, Doig and coalbed methane. ...