APA Announces Sale of Non-Core Producing Texas Properties
APA(APA) zacks.com·2024-05-21 19:46
APA Corporation (APA) has announced the sale of non-core-producing properties by its unit, Apache Corporation and other associated subsidiaries. These transactions, executed in two separate deals, have garnered aggregate proceeds exceeding $700 million before customary closing adjustments.These deals involve properties with an estimated net production in the first quarter of 2024 of 13,000 barrels of oil equivalent per day (Mboe/d), with slightly over one-third being oil. The primary aim of the sale of thes ...