BUZZ-Apache Corp: Evaluating separation of international assets

Thu Jul 31, 2014 8:55am EDT
 
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** U.S. oil and gas producer's shares up 3.6 pct at $104.90

** Says it intends to completely exit Wheatstone LNG project in Australia and Kitimat LNG project in Canada to focus on North American onshore growth

** Evaluates potential separation of some or all of its international assets

** Activist-investor Jana Partners has been insisting that Apache drill exclusively on American soil and sell international holdings

** Q2 profit halved to $505 million from last year