Apache Corp. (NYSE:APA) seems to have gone cold on the $3 billion sale of its remaining West Australian (WA) gas and oil assets as oil prices plunge. It is understood that Apache has put on hold sales talks with at least some potential buyers in the wake of sliding prices.

It is also investing a spin-off of international assets. The spin-off could also be looking less appealing, especially considering the diversity that high WA gas prices offer with both international oil prices and US gas prices under pressure. Chief Executive Officer Steven Farris said: “We are continuing to evaluate the separation of our international assets through either strategic transactions or the capital markets.”