APA Corporation to Divest Non-Core Permian Basin Assets for $950M

APA Corporation (APA) has advanced the company’s goal of refining its U.S. asset base by strategically divesting non-core properties in the Permian Basin. This $950 million transaction is a key part of APA’s strategy to optimize its portfolio and reduce debt.The sale involves properties across the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, with a combined net production of 21,000 barrels of oil equivalent per day (boe/d), 57% of which is oil. These assets no longer align with A ...