Apache sees flat 2013 budget of $10.5 billion

Thu Feb 14, 2013 2:22pm EST

Feb 14 (Reuters) - Apache Corp plans to spend $10.5 billion this year, about even with 2012, with heavy investment planned for U.S. onshore oil and natural gas projects, Chief Executive Steve Farris said on Thursday.

Total oil and gas production is forecast to grow 3 percent to 5 percent, Farris said on a conference call with analysts.