APA acquires Savant Alaska for $70M
The deal includes Badami facility and Nutaaq Pipeline, supporting 2026-2027 exploration.
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Oil and gas exploration and production company
apacorp.comLast updated
In short: APA Corporation expanded its portfolio by acquiring Savant Alaska for $70 million and reporting robust first-quarter 2026 financial results.
The deal includes Badami facility and Nutaaq Pipeline, supporting 2026-2027 exploration.
Production averaged 442,000 BOE/day; U.S. oil hit 124,000 bbl/day. Generated $477M free cash flow. Raised full-year U.S. oil outlook to 122,000 bbl/day.
They record their lowest Total Recordable Incident Rate ever. The company commits to advancing a safety-first culture.
It includes estimated prices, production updates, G&A expenses, and schedules earnings call for May 7. U.S. gas and NGL production was curtailed due to weak prices.
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The deal includes ownership of the Badami facility, which has a production capacity of approximately 40,000bopd.
Oil prices might have recovered some losses on re-escalation risk, but a potential US military response introduces physical infrastructure risk across the Gulf that is...
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