APA Corporation announces $950m sale of Permian Basin assets, sends stock tumbling
APA Corporation has entered into a definitive agreement to sell its non-core properties in the Permian Basin for $950 million to an undisclosed buyer, a move aimed at reducing the company’s debt load. The sale includes assets in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, currently producing around 21,000 barrels […]