APA · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

APA Corp · 2026-11-05 · Importance 34 · Surprise 42 · In source text

APA expected to close its acquisition of Savant Alaska, LLC in the fourth quarter of 2026 for approximately $70 million in upfront consideration plus contingent payments tied to future development. The transaction is expected to add approximately 104,000 gross acres and about 1,500 b/d of oil production, with acquired infrastructure supporting 2026–2027 exploration and appraisal activity. In the first nine months of 2026, APA also sold non-core Permian assets, a factor cited in lower production and lease operating expenses compared with the prior year.

Key facts

• APA expects to close its acquisition of Savant Alaska, LLC in the fourth quarter of 2026 for approximately $70 million upfront plus contingent payments tied to future development. source
• Upon closing the Savant Alaska acquisition, APA expects to add approximately 104,000 gross acres and approximately 1,500 barrels per day of oil production. source
• The infrastructure in APA’s planned Savant Alaska acquisition is expected to support operations beginning with 2026–2027 exploration and appraisal activities and enhance future development flexibility. source
• During the third quarter of 2025, the Government of Egypt awarded APA an additional two million net exploration acres in the Western Desert. source
• APA completed the sale of all of its New Mexico Permian assets during the second quarter of 2025. source
• APA identified the pending acquisition of Savant Alaska LLC, its expected closing, and anticipated benefits as factors relevant to its forward-looking statements. source
• APA completed other leasehold and property acquisitions, primarily in the Permian Basin, for cash consideration of $15 million in the first nine months of 2026 and $20 million in the first nine months of 2025. source

Impact estimates