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.