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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Instantly unlock over 15 years of A&D transactions and financing data.
News
E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
TotalEnergies Reserves Hull for Development Offshore Suriname
TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated for 2028.
Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit
Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.
Dividends Declared Week of May 20, 2024
Here is a selection of upstream and service and supply company dividends declared in the past week.
WildFire Energy I Buys Apache’s Eagle Ford, Austin Chalk Assets
Private producer WildFire Energy I, backed by Warburg Pincus and Kayne Anderson, scooped up Apache’s portfolio in the eastern Eagle Ford and Austin Chalk plays.
APA Corp. Sells $700MM in Non-core Permian, Eagle Ford Assets
APA Corp. and subsidiary Apache are selling more than $700 million in non-core assets in the Permian Basin and Eagle Ford Shale—part of a plan to reduce debt after a $4.5 billion acquisition of Callon Petroleum.
Apache CEO: Longer Laterals Expected as Permian Enters New Era
With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo.
Permian Powerhouse: Apache Doubles Down on Core Assets After Callon Acquisition
Apache CEO John Christmann detailed plans for the Permian Basin and Suriname during the SUPER DUG Conference & Expo.
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
TotalEnergies Eyes Suriname FID by Year-end 2024
France’s TotalEnergies and U.S. partner APA Corp. look to place their long lead orders ahead of a final investment decision related to their joint development offshore Suriname in Block 58.
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
APA Shuffles Leadership Following Callon Acquisition
APA CEO John J. Christmann said the changes will structure leadership to better align with the company’s “evolving” business needs.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.