• Entered into an agreement to acquire Savant Alaska, LLC for upfront consideration, plus contingent payments tied to future development of APA's Alaska position; 
• Acquisition includes the 40,000 barrel-per-day Badami facility plus supporting field infrastructure, and the 80,000 barrel-per-day Nutaaq Pipeline providing access to the Trans-Alaska Pipeline System;
• Acquired infrastructure is expected to support 2026-2027 exploration and appraisal activities, while enhancing future development flexibility; and
• Transaction adds approximately 104,000 gross acres and approximately 1,500 barrels of oil per day of production through interests in the Badami and Grey Owl units.

HOUSTON, June 10, 2026 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced an agreement to acquire Savant Alaska, LLC ("Savant") for approximately $70 million in upfront consideration prior to customary closing adjustments, plus additional contingent payments tied to future development of APA's eastern North Slope position.

The acquisition secures ownership of key midstream, pipeline and field infrastructure adjacent to APA's existing acreage, and is expected to enhance development flexibility, accelerate project timelines, and lower future development costs. It also enhances APA's ability to appraise and potentially develop discoveries across its broader eastern North Slope position.

The transaction includes the Badami facilities, which have nameplate production capacity of approximately 40,000 barrels of oil per day, along with extensive supporting infrastructure, including accommodation facilities, a grind-and-inject system, barge landing and wharf facilities, runway access, gravel resources and other field infrastructure. In addition, APA is also acquiring the Nutaaq Pipeline, which has capacity of approximately 80,000 barrels of oil per day originating at Badami and providing access to the Trans-Alaska Pipeline System.