APA Corporation Advances Alaska Position with Strategic Acquisition

APA Corporation announced an agreement to acquire Savant Alaska, LLC for approximately $70 million upfront plus contingent payments. The acquisition includes the Badami facility (40,000 bpd capacity), Nutaaq Pipeline (80,000 bpd capacity), and approximately 104,000 gross acres on Alaska's eastern North Slope. The deal is expected to enhance development flexibility, accelerate project timelines, and lower future costs, with closing anticipated by year-end 2026.