Permian Resources to acquire Delaware basin assets of APA for $608m.

Permian Resources, an independent oil and natural gas company, agreed to acquire Delaware basin assets of APA, an American company engaged in hydrocarbon exploration, for $608m. The deal includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources’ core New Mexico operating areas. The transaction is expected to close by the end of the second quarter of 2025.