APA Focuses U.S. Asset Base, Takes $950M for Permian Producing Assets
APA Corp. is selling natural gas and oil properties in the Permian Basin for $950 million to high grade and focus on the U.S. asset base, CEO John J. Christmann Jr. said.
APA Corp. is selling natural gas and oil properties in the Permian Basin for $950 million to high grade and focus on the U.S. asset base, CEO John J. Christmann Jr. said.
Houston-based APA Corp. has clinched agreements to sell some natural gas-weighted assets across Texas for more than $700 million.
APA Corp. said Wednesday it curtailed about 35 MMcf/d of U.S. natural gas production during the first quarter, mostly during March.
Houston’s APA Corp., which in recent years has pursued overseas oil and gas prospects, is storming back to the Permian Basin with a $4.5 billion all-stock takeover of Callon Petroleum Co.
On strong natural gas pricing and demand, APA Corp. is back to work drilling its first pad since 2019 in the Alpine High in the Permian Basin of West Texas.