APA Corp. Closes Acquisition of Callon Petroleum

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APA Corp. closed a $4.5 billion takeover of Callon Petroleum, adding greater scale in the prolific Permian Basin.

APA Corp., and its subsidiary Apache, acquired approximately 145,000 net Permian acres through the acquisition of Callon Petroleum Co.—including 25,000 net acres in the Midland Basin and 120,000 net acres in the Delaware Basin.

Callon’s production averaged 103,000 boe/d during the fourth quarter 2023 (58% oil, 80% liquids).