Announced
Completed
Financials
Tags
Majority
United States
oil properties
energy company
gas properties
Integrated Oil and Gas
Acquisition
Domestic
Friendly
Single Bidder
Completed
Public
Synopsis
APA, a company engaged in hydrocarbon exploration, completed the acquisition of Callon Petroleum, an independent oil and natural gas company, for $4.5bn. "This transaction is aligned with APA's overall portfolio strategy and fits all the criteria of our disciplined approach to evaluating external growth opportunities. Callon has built a strong portfolio in the Permian Basin that is complementary to our existing Permian assets and rounds out our opportunity set in the Delaware," John J. Christmann IV, APA CEO and President.
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