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APA Corporation

Company Summary

Description

Apache Corp. has formed a new holding structure for the company through the formation of APA Corporation.  The new holding company will replace Apache on the Nasdaq and trade under the same ticker, "APA", with all Apache shares being converted on a 1-for-1 basis.

APA  Corp. will acquire the Suriname and Dominican Republic assets from Apache and Apache Corp. will remain as a subsidiary under APA.  Apache Corp will retain the U.S., Egypt, U.K, and Altus Midstream assets.

Operational Regions

  • International

Related Entities

Recent news

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Investor Presentations

  • 4Q22 Earnings Presentation
  • 3Q22 Earnings Presentation (subscriber access)
  • 1Q22 Earnings Presentation (subscriber access)
  • 4Q21 Earnings Presentation (subscriber access)
  • 3Q21 Earnings Presentation (subscriber access)
  • 1Q21 Earnings Presentation (subscriber access)

Company Transactions

Date: 8/9/2022
Type: Acquisition

BUYERS:
  • APA Corporation
    • SELLERS:
  • NGP Energy Capital
  • Titus Oil & Gas Production, LLC
    • DETAILS:

    COST: 550 $MM

    NOTES:
    APA has purchased West Texas properties for $505 million, with Reuters reporting that the deal was for the assets owned by Titus Oil & Gas. That private company is backed by NGP Energy Capital.
    REGIONS:
  • Permian Basin

    • Date: 3/15/2022
    Type: Acquisition

    SELLERS:
  • APA Corporation
    • DETAILS:

    COST: 805 $MM

    VOLUMES: 7 MBOE/d

    NOTES:
    On March 7, subsidiaries of the company completed the sale of a Delaware Basin mineral package to an undisclosed buyer for approximately $805 million, subject to post-closing adjustments. The divested assets primarily comprise non-operated properties across west Texas and southeast New Mexico, with estimated production of approximately 7,000 barrels of oil equivalent per day.
    REGIONS:
  • Delaware Basin

    • Date: 3/15/2022
    Type: Acquisition

    SELLERS:
  • APA Corporation
    • DETAILS:

    COST: 224 $MM

    NOTES:
    A subsidiary of APA completed the sale of 4 million shares of Kinetik (NASDAQ: KNTK) Class A common stock for net proceeds of $224 million