Apache Completes Redemption of $100MM

Apache has completed the simultaneous redemption of all $100 million of its outstanding 5.68% Cumulative Preferred Stock, Series B, no par value per share (the "Series B Preferred Stock"), and Depositary Shares, each representing one-tenth of one share of Series B Preferred Stock (CUSIP 037411 40 2) (the "Depositary Shares").

The redemption, announced on November 27, 2009, was performed by Wells Fargo Bank, N.A., as Depositary under the Deposit Agreement dated as of August 25, 1998.