APA Corp. Acquires Savant Alaska for $70 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: NASDAQ.COM
- Acquisition Agreement: APA Corp. has announced an agreement to acquire Savant Alaska for approximately $70 million, with the deal expected to close by year-end 2026, reflecting the company's strategic expansion in Alaska's eastern North Slope.
- Production Capacity Enhancement: The acquisition includes the Badami facilities with a production capacity of about 40,000 barrels per day and the Nutaaq Pipeline, which has a capacity of 80,000 barrels per day, significantly boosting APA's oil and gas production capabilities in Alaska.
- Resource Expansion: The transaction will also add approximately 104,000 gross acres and about 1,500 barrels of oil per day of production through interests in the Badami and Grey Owl units, further solidifying APA's market position in the region.
- Future Development Flexibility: The acquired infrastructure is expected to support APA's exploration and appraisal activities in 2026 to 2027, thereby enhancing future development flexibility and potential.
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Analyst Views on APA
Wall Street analysts forecast APA stock price to fall
19 Analyst Rating
4 Buy
10 Hold
5 Sell
Hold
Current: 33.930
Low
21.00
Averages
26.17
High
40.00
Current: 33.930
Low
21.00
Averages
26.17
High
40.00
About APA
APA Corporation is an independent energy company. The Company owns subsidiaries that explore for and produce oil and natural gas in the United States, Egypt, and the United Kingdom, and that explore for oil and natural gas offshore Suriname. The Company's business has oil and gas operations in three geographic areas: the U.S., Egypt, and offshore the U.K. in the North Sea (North Sea). It also has active development, exploration and appraisal operations ongoing in Suriname, as well as exploration interests in Uruguay, Alaska, and other international locations. It maintains a diversified asset portfolio, including conventional and unconventional, onshore and offshore, oil and natural gas exploration and production interests. In the United States, operations are primarily focused on the Permian Basin of West Texas. The Company has conventional onshore assets in Egypt's Western Desert, and offshore assets on the United Kingdom's Continental Shelf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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