Freeport to buy Apache assets in Gulf of Mexico

Reuters

May 8 (Reuters) - Freeport-McMoRan Copper & Gold Inc said on Thursday its oil and gas subsidiary has agreed to buy $1.4 billion of Apache Corp's assets in the Gulf of Mexico.

Freeport announced a separate deal on Wednesday to sell assets in the Eagle Ford shale field in Texas to Encana Corp for $3.1 billion.

(Reporting by Allison Martell, Editing by Franklin Paul)

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