Apache Corp. (NYSE: APA) is selling some of its Central Basin Platform assets as the Houston-based company takes aims at building a cushion for its 2017 capex.Apache is marketing about 28,000 gross (22,000 net) leasehold acres in Yoakum County, Texas, in a sealed-bid offering handled by EnergyNet. The offer includes operated working interest in three wells in the San Andres Formation.The San Andres has been described as an emerging play though it has been studied in detail as far back at 1982 by the University of Texas at Austin. Divesting the position is part of Apache’s larger strategy to meet its ambitious plans in the Permian.
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