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APA Corporation to acquire Savant Alaska for $70M, boosting Alaska oil infrastructure and production capacity.

Company Fundamentals
10 Jun 2026
Globe Newswire
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Bullish
pluang ai news

APA Corporation announced it will acquire Savant Alaska, LLC for about $70 million upfront plus contingent payments tied to future development. The deal includes key infrastructure like the Badami oil facility (40,000 barrels/day capacity) and the Nutaaq Pipeline (80,000 barrels/day capacity), enhancing APA's eastern North Slope position in Alaska. This acquisition adds 104,000 gross acres and 1,500 barrels per day of production, supporting upcoming drilling and appraisal activities planned for the 2026-2027 winter season. The transaction is expected to close by the end of 2026, pending regulatory approval, and aims to improve development flexibility and reduce costs for APA's Alaska operations.

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