APA agrees to buy Savant Alaska for about $70 million upfront plus contingent payments

APA Corporation

APA Corporation

APA

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  • APA agreed to buy Savant Alaska for about USD 70 million upfront, with contingent payments tied to future development on the eastern North Slope.
  • Deal adds the 40,000 bpd Badami processing facility, related field infrastructure, and the 80,000 bpd Nutaaq Pipeline with access to TAPS.
  • Assets are expected to support 2026-2027 exploration and appraisal activity, aiming to accelerate timelines and cut future development costs.
  • Transaction adds about 104,000 gross acres and about 1,500 bpd of production via interests in the Badami and Grey Owl units.
  • Closing is targeted by year-end 2026, subject to regulatory approval and customary conditions.


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