Announced
Completed
Financials
Sources
Tags
Domestic
Acquisition
Single Bidder
United States
Private
Majority
Friendly
Completed
oil production
Oil: Crude Producers
Synopsis
APA, an American company engaged in hydrocarbon exploration, completed the acquisition of West Texas Properties with a combination of producing wells, wells in the process of drilling and completion, and an inventory of undrilled locations, for $505m. "The acquisition also brings immediate access to a high-quality drilling rig and experienced crew for ongoing development. The company expects production will average 12k to 14k BOE per day for the remaining five months of the year," APA.
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