Attached files
file | filename |
---|---|
8-K - FORM 8-K - APACHE CORP | h78142e8vk.htm |
EX-4.1 - EX-4.1 - APACHE CORP | h78142exv4w1.htm |
EX-4.2 - EX-4.2 - APACHE CORP | h78142exv4w2.htm |
EX-1.1 - EX-1.1 - APACHE CORP | h78142exv1w1.htm |
EX-99.1 - EX-99.1 - APACHE CORP | h78142exv99w1.htm |
Exhibit 5.1
December 3, 2010
Apache Corporation
2000 Post Oak Boulevard
Suite 100
Houston, Texas 77056-4400
2000 Post Oak Boulevard
Suite 100
Houston, Texas 77056-4400
Ladies and Gentlemen:
We have acted as special counsel to Apache Corporation (the Company), a Delaware
corporation, in connection with the Companys offering pursuant to an automatic registration
statement on Form S-3 (No. 333-155884) (the Registration Statement) of $500,000,000
aggregate principal amount of the Companys 3.625% notes due 2021 and $500,000,000 aggregate
principal amount of 5.250% notes due 2042 (together, the Notes), pursuant to the
prospectus supplement dated November 30, 2010 (the Prospectus Supplement) to the
prospectus dated December 2, 2008 (together, the Prospectus), the underwriting agreement
dated November 30, 2010 between the Company and the underwriters named therein (the
Underwriting Agreement) and the free writing prospectus filed by the Company with the
Securities and Exchange Commission (Commission) on November 30, 2010 pursuant to Rule 433
under the Securities Act of 1933, as amended (the Pricing Term Sheet).
The Notes are being issued under an Indenture, dated as of February 15, 1996 (the Original
Indenture), between the Company and the Bank of New York Mellon Trust Company, N.A. (formerly
known as the Bank of New York Trust Company, N.A., as successor-in-interest to JP Morgan Chase
Bank, N.A., formerly known as The Chase Manhattan Bank), as trustee (the Trustee), as
amended and supplemented by the First Supplemental Indenture thereto, dated as of November 5, 1996
(the First Supplemental Indenture), between the Company and the Trustee. The Original
Indenture, as amended and supplemented by the First Supplemental Indenture, is referred to herein
as the Indenture.
We have examined originals or copies of (a) the Registration Statement and the documents
incorporated by reference therein; (b) the Prospectus and the documents incorporated by reference
therein; (c) an executed copy of the Underwriting Agreement; (d) the Pricing Term Sheet; (e) the
Indenture; (f) the global notes executed by the Company pursuant to the Indenture and representing
the Notes purchased and sold pursuant to the Underwriting Agreement; (g) copies of the Companys
restated certificate of incorporation and bylaws, each as amended to date, certified by the
Secretary of State of the State of Delaware and by
Apache Corporation
December 3, 2010
Page 2
December 3, 2010
Page 2
the corporate secretary of the Company, respectively; and (h) such other documents and records as
we have deemed necessary and relevant for the purposes hereof. In addition, we have relied on
certificates of officers of the Company and of public officials and others as to certain matters of
fact relating to this opinion and have made such investigations of law as we have deemed necessary
and relevant as a basis hereof. In the course of such examinations and investigations, we have
assumed the genuineness of all signatures on, and the authenticity of, all documents and records
submitted to us as originals, the conformity to original documents and records of all documents and
records submitted to us as copies, and the truthfulness of all statements of fact contained
therein.
Based on the foregoing and subject to the limitations, assumptions and qualifications set forth
herein, and having due regard for such legal considerations as we deem relevant, we are of the
opinion that when the global notes (representing the Notes) have been authenticated by the Trustee
in accordance with the terms of the Indenture against payment of the consideration therefor
pursuant to the terms of the Underwriting Agreement, the Notes will constitute valid and legally
binding obligations of the Company.
The foregoing opinion is based on and is limited to applicable New York law and the Delaware
General Corporation Law, and we render no opinion with respect to the law of any other
jurisdiction. The references to Delaware General Corporation Law in the preceding sentence include
the referenced statutory provisions as well as all applicable provisions of the Delaware
Constitution and the reported judicial cases interpreting those laws currently in effect. The
foregoing opinion is as of the date hereof, and we expressly disclaim any responsibility to update
such opinion after the date hereof.
We hereby consent to the filing of this opinion with the Commission as an exhibit to the
Registration Statement and to the references to our firm under the heading Validity of the
Securities in the Prospectus Supplement. By giving such consent, we do not admit that we are in
the category of persons whose consent is required under the Securities Act of 1933, as amended, or
the rules and regulations promulgated by the Commission thereunder.
Very truly yours,
/s/ Bracewell & Giuliani LLP
Bracewell & Giuliani LLP