Apache to buy Cordillera for $2.85 billion DENVER, Jan. 23 (UPI) -- Cordillera Energy Partners said Monday that it had agreed to a $2.85 billion merger with Apache Corp. of Houston. The terms involve cash and stock. Apache will pay Cordillera $600 million in common shares and make up the difference with cash funded by debt. With the merger, Apache is buying Cordillera' leading share of the drilling rights to the Western Anadarko Basin, which stretches from Texas to Colorado and includes portions of Kansas and Oklahoma and sites in Texas and Oklahoma known as the Granite Wash. "The merger of Cordillera into Apache presents a tremendous opportunity for Apache to combine the Cordillera assets with Apache's legacy Western Anadarko Basin position," said Cordillera President and Chief Executive Officer George Solich in a statement.