APA Corp.
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About
APA Corp. owns consolidated subsidiaries that explore for and produce oil and natural gas in the U.S., Egypt and the U.K. and that explore for oil and natural gas offshore Suriname.
Apache Corp., the company’s subsidiary, has been operating in the Permian Basin of Texas and New Mexico since the 1990s. The area has played a significant role in the company’s long-term strategy, offering both conventional and unconventional opportunities. Apache also holds an interest in the Eagle Ford Shale and Austin Chalk areas of southeast Texas play in Burleson and Brazos counties plus has a presence in the Gulf Coast and Gulf of Mexico that includes fee acreage in southern Louisiana and interest in deepwater exploration and development.
Editor's note: Updated Feb. 22, 2022.
Transactions
APA Corp. Closes Acquisition of Callon Petroleum
APA Corp. Closes Acquisition of Callon Petroleum
Marketed: Apache Corp. Gulf of Mexico Shelf Nonop Opportunity
Marketed: Apache Corp. Gulf of Mexico Shelf Nonop Opportunity
Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties
Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties
Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties
Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
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New Financings
Priced previously announced cash tender offers to purchase a portion of its outstanding 6% notes due 2037…
Priced $1 billion in aggregate principal amount of 4.375% notes due 2028. Apache intends to use the net…
Commenced a tender offer to purchase up to $800 million in aggregate purchase price of its 6% notes due…
An additional 10 million common shares were added to a 30 million share buyback.
Plans to launch a 30-million-share repurchase program funded by its asset sales goal for 2013.…
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News
Dividends Declared the Week of Dec. 9
Here is a compilation of dividends declared from select upstream, midstream and service and supply companies during the week of Dec. 9.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Exxon to Sell Older Permian Assets to Hilcorp in $1B Deal, Sources Say
Reuters reported in June that Exxon was auctioning the assets to focus on higher growth shale drilling properties, following the completion of its $60 billion takeover of Pioneer Natural Resources in May.
Orion Acquires SCOOP/STACK Interests, Pursuing Permian Deals
Orion Diversified Holding Co. is pursuing negotiations with several oil companies in the Permian Basin to acquire oil and gas assets, the company’s CEO said.
Report: ConocoPhillips Shopping Delaware Basin Assets for $1B Sale
ConocoPhillips has laid out a $2 billion divestiture campaign to reduce debt from a blockbuster acquisition of Marathon Oil.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
Utica Oil Riches’ Biggest Challenge: Moving the Crude
Leslie Armentrout, the president and co-founder of Silver Cross Energy Partners discusses the opportunities of the Central Basin Platform and Utica—and the challenges.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
APA Curtails Natgas, NGL Output Amid Low Waha Prices
Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.
After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Tailwater Buys Interests Across 5,000 Acres in Permian Core
Tailwater E&P's purchase of non-op working interests from Accelerate Resources includes future inventory held by Diamondback, EOG Resources, Devon and several other E&Ps.
APA, TotalEnergies Aim for 'New Dawn' in Suriname with Massive GranMorgu Project
APA Corp. and TotalEnergies announced a $10.5 billion final investment decision for the GranMorgu project located offshore Suriname in Block 58. First production to come from a 220,000 bbl/d FPSO is slated to flow in 2028.
APA Corp., TotalEnergies Announce $10.5B FID on ‘Goliath’ Sized Deal Offshore Suriname
APA and TotalEnergies’ offshore Suriname GranMorgu development is estimated to hold recoverable reserves of more than 750 million barrels.